Frozen Smoke Market Size, Share, Growth, Trends, and Global Industry Analysis: 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 Region  

Frozen Smoke Market was valued at US$ 826.3 million in 2022 and is expected to reach US$ 1,278.7 million by 2029 and expected to grow US$ 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.