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Aerogel is manufactured by uniting a polymer with a solvent to form a gel, and then eliminating the liquid from the gel and substituting it with gas, which is generally air. High air content makes it one of the world's lightest solid materials, which is about 7.5 times less dense than air, even lesser dense than helium, thus making it the least dense solid.
Aerogels can be produced from several types of chemical compounds and are a diverse class of materials with unique properties, such as excellent insulation, low density and low thermal conductivity. Furthermore, they have high mechanical strength, extreme electron mobility, and great thermal conductivity.
COVID-19 Impact
Aerographene market is anticipated to see growth during the forecast period due to various reasons, for instance, the key factor boosting the aerographene market is increasing demand for printed electronics. Moreover, there has been continuous increase in demand for aerographene in telecommunication, electronics, and healthcare sector, thus creating great opportunities for revenue generation in aerographene market.
Furthermore, the electronics and telecommunications sector is anticipated to dominate the aerographene market in the future, owing to its wide range of applications in both, electronic and telecommunication industry, such as supercharged batteries (enhanced lithium-ion batteries), optical electronics, unbreakable touchscreens, transistors, printed electronics, and conductive inks.
In the past few years, it has been discovered that graphene carries various unique properties, which has the ability to replace silicon in many electronics applications. Further, graphene is considerably cost-efficient as compared to the materials used in most modern smartphones and is much more agile. Owing to all these various properties, the aerographene market is anticipated to boost in the near future.
Aerographene is used on a commercial scale in optoelectronics for touchscreens (for smartphones, tablet, desktop computers, and televisions), liquid crystal displays (LCD), and organic light emitting diodes (OLEDs). Therefore, several such applications of graphene in electronics and telecommunications are expected to surge consumption of graphene at a good rate, during the forecast period.
However, factors like the lack of commercial production, are anticipated to hamper the growth of the aerographene market.
The global aerographene market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to the rising industrial growth, urbanization, and the development of the electronics, automotive, and paints and coatings industry. In addition, growth will be strong in India and China, owing to industrialization, population growth and high demand and this is further expected to complement the growth of this region. Moreover, Japan holds the most patents for Aerographene aerogel products in the Asia-Pacific and this is encouraging Japanese aerographene manufacturers to expand their business in this region.
In addition, Europe and North America is expected to register significant growth, owing to awareness about the product and its applications demand. This is mainly due to market over there is witnessing stable performance due to high deployment in the automotive sector
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