With the height of the oil and gas industry in the past, the production of aerogel will be looking for clients in other sectors in order to diversify and thrive going forward. The aerogel manufacturing industry has been the source of hope and expectation for a number of years, with attempts to commercialise the industry taking place, without success, by Monsanto in the 40s and BASF 80s.
A parallel has been found between the performance of crude oil in terms of popularity and companies in the sector are basing their forecasts more realistically on these demands going forward. In order to succeed in the future, the Aerogel Looking For Clients in Other Sectors to Diversify and Thrive industry needs to become less dependant on the oil and gas sector as their main source of clients and diversify.
The industry has been able to make the most of the progress that has been made in manufacturing process, and the development of new technology and composite and polymeric materials. The industry has been able to use thises developments to expand. At the moment the majority of business in this industry comes from the oil and gas sector where a manufactured silica composite can be used in order to provide insulation solutions. The product that has been manufactured as a part of the aerogel industry is used in refineries and subsea pipelines. The composite offers offer a lightweight, hydrophobic and highly insulative product that, because of its early stages of development, is quite expensive. The price of the product means that the industry is reliant on clients willing to spend the extra amount.
In the future aerogels could be used in a range of different sectors such as electrical systems, aerospace, cosmetics and packaging sectors. These potential sectors as well as a number of others could be able to make the most of aerogels and help to develop the industry in the future.