Frozen Smoke Market: By Product (Silica, Polymers, Carbon, and Others), By Form (Blanket, Panel, Particle, and Monolith), By End User (Oil & Gas, Building & Construction, Automotive, Aerospace & Marine, Performance Coating, and Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and Forecast to 2029

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Frozen Smoke Market was valued at USD 826.3 million in 2022 and is expected to reach USD 1,278.7 million by 2029 and expected to grow USD 6.4% million by 2029. Frozen Smoke is also called “AEROGEL” It is the lightest soft material known, despite of air that it is three times heavier than air and used tremendously due to insulative properties. Aerogel is a class of scientific porous ultralight material derived from a gel, in which liquid components are replaced with gel. The growth of the frozen smoke market is primarily driven by tremendous demand in building and oil & and gas industries as insulators. Oil and gas particularly the petroleum industry carries unprocessed material, The insulative property of aerogel eradicates chemical inertness and lowers temperature conductance, which makes an ideal material for use which is the major factor that drive the market.

Frozen smoke provides potential alternative for conventional insulation material, it lowers thermal conductance to pass through, solid material act a insulative layer, this material results higher opportunity in oil & gas, Aerospace & marine market in the upcoming years. The high cost of production of aerogel is the major restraints in growth of frozen smoke market, the manufacturing of aerogel is complicated, requires extensive R&D which makes process costly. According to NASA, Aerogel is a silicon-based solid with a porous, sponge-like structure in which 99.8 percent of the volume is empty space. By comparison, aerogel is 1,000 times less dense than glass, another silicon-based solid. Discovered in the 1930s by a Stanford University researcher, aerogel is the world's lightest solid. Geographically, North America held the major market share in 2022 and is expected to dominate the frozen smoke market in the forecasted years.

Frozen Smoke Market Key Developments:
  • In March 2022, Svenska Aerogel AB launched the new product SeaQare™ is based on amorphous, porous silica (Quartzene®) which is hydrophilic and contains copper. SeaQare™ acts as a carrier of copper in antifouling paints, contributing to a controlled release of copper into the water. With the help of SeaQare™, copper can be used more efficiently than in traditional antifouling paints, and unnecessary copper toxicity in our oceans can be avoided.
  • In February 2022, Thermablok technologies come with Thermablok Aerogel A2 Insulation Blanket and Thermablok Aerogel ThermaSlim Internal Wall /Reveal / Return Insulation Board Systems (IWI). The material is totally breathable, ensuring a healthy, durable working building with a natural ability to repel liquid whilst allowing the passage and release of moisture vapor - a major factor in historical build.

Frozen Smoke Market Summary

Study Period

2023-29

Base Year

2022

CAGR

6.4%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Frozen Smoke Market Dynamics

The increasing demand of material for insulation and prevent from thermal conductance and chemical inertness across the world is the major market driver in the Frozen Smoke Market during the forecast period. Insulation material used in early days such as polyurethane foam, mineral wood, rock wool and stone are ineffective have certain drawbacks for using. In construction of building extra layer enhance the weight of buildings which makes it tough to use.  Aerogel provides lightweight and thinner screen for the insulation form sunlight, also the insulation property of aerogel increases in demand in global market which drive the market. Hence, this will drive the global market growth at a significant rate.

Key Features of the Reports

  • The frozen smoke market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Frozen Smoke Market Segmentation

By Product Type
  • Silica
  • Polymers
  • Carbon
  • Others
By Form
  • Blanket
  • Panel
  • Particle
  • Monolith
By End User
  • Oil & Gas
  • Building & Construction
  • Automotive
  • Aerospace & Marine
  • Performance Coating
  • Others

Frequently Asked Questions

The frozen smoke market size was valued at usd 826.3 million in 2022 and expected to reach usd 1,278.7 million by 2029.

The frozen smoke market is poised to grow at an 6.4% CAGR from 2023 to 2029.

The leading players in the Frozen Smoke Market are; BASF SE, Cabot Corporation, Green Earth Aerogel Technologies, Svenska Aerogel AB, and Aspen Aerogels Inc., aerogel technologies, JIOS aerogel, Thermablok technologies, Active Aerogels

  • BASF SE,
  • Cabot Corporation
  • Green Earth Aerogel Technologies
  • Svenska Aerogel AB
  • Aspen Aerogels Inc
  • aerogel technologies
  • JIOS aerogel
  • Thermablok technologies
  • Active Aerogels