Aerogel has excellent thermal insulation performance and the market demand is growing

As an efficient thermal insulation material, aerogel has been widely used in many fields due to its light weight, strong thermal insulation, high temperature resistance, fire retardancy, sound insulation and noise reduction. According to Aspen's 2020 annual report, the Chinese aerogel market will reach 15 billion yuan in 2025, and the global market will reach 700 billion yuan in the next 10 years.