The Market for Aerogels, Vacuum Insulation Panels and Phase-Change Materials Lies in Non-Building Applications Like Refrigeration and Logistics, Lux Research Says
BOSTON, MA--(Marketwired - Jul 28, 2015) - The biggest markets for advanced insulation materials such as aerogels, vacuum insulation panels (VIPs), and phase-change materials (PCMs) are outside of building applications. However, collectively these applications will grow over 17% annually reaching $1.9 billion in 2019, up from $849 million in 2014, according to Lux Research.
"Aerogels are powered largely by industrial equipment, beyond the already-tapped oil and gas sector, while VIPs see strong growth in refrigeration and thermal packaging," said Jerrold Wang, Lux Research Associate and lead author of the report titled, "Mapping Advanced Insulation Materials to Markets: Assessing Aerogel, Vacuum Insulation Panel, and Phase-Change Material Opportunities Beyond Building Applications."
"Meanwhile, PCMs are led by logistics, where their unique ability in temperature control makes them suitable for both hot and cold cargo," he added.
Lux Research analysts evaluated the opportunities for advanced insulation materials beyond building applications. Among their findings:
The report, titled "Mapping Advanced Insulation Materials to Markets: Assessing Aerogel, Vacuum Insulation Panel, and Phase-Change Material Opportunities Beyond Building Applications," is part of the Lux Research Sustainable Building Materials Intelligence service.
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Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com