Value Market Research has recently released its latest report on the Global Aerogel Market. The market was valued USD 600.0 MN (by revenue) in 2018 and is anticipated to reach USD 1992.2 MN by 2025 showcasing a high CAGR of 18.7% from 2019 to 2025. The report analyzes the market at global as well as regional level, featuring all the recent market trends, market size forecast and new products launches.
As per the report the use of aerogel has increased tremendously across end-user industries which include oil & gas, marine, automotive, and aerospace. They have application across aforementioned industries owing to its excellent properties such as extremely low-density solid material, thermal & acoustic damping, and a high degree of porosity. Also, it consists of low thermal conductivity features, which makes it an ideal insulation material.
The report "Global Aerogel Market Report By Product (Silica Aerogels, Metal Oxide Aerogels, Carbon Aerogels, and Others), End-User (Construction, Oil & Gas, Transportation, Electronics, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025"covers thoughtful insight, facts, historical data, and projections using a suitable set of assumption and methodologies.
The rising demand for enhanced thermal insulation is expected to fuel the growth of the aerogel market over the forecast period. The building and construction industry is expected to be one of the key end-use segments in the market where it is used for super-insulating windows, skylights, solar collector covers, and specialty windows. However, the high production cost is the only key factor which is expected to curb the market growth.
The market segmentation has been done on the basis of product, end-user, and region. By-product market has been fragmented into silica aerogels, metal oxide aerogels, carbon aerogels, and others. Among which, silica aerogel is gaining huge demand in the market owing to its rising usage across electronics, semiconductor, and supercapacitors applications since it has exceptional insulation properties and lightweight nature. By end-user, the market has been split into construction, oil & gas, transportation, electronics, and others. Oil & gas is dominating the segment since aerogel is an excellent insulation material which prevents corrosion and offers better insulation it has been widely used across the oil & gas industry. Regional analysis has been done over top five major areas including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Asia-pacific is ruling the global aerogel market owing to the booming building and construction sector where it has application across cavity insulation, cladding systems, glazing units, and roof membranes.
The Report Segments Global Aerogel Market -
Aspen Aerogels Inc., Cabot Corporation, Aerogel Technologies LLC, Nano High-Tech Co. Ltd., Guangdong Alison Hi-Tech Co. Ltd., Active Aerogels, BASF SE, Enersens Sas and Jios Aerogel Corporation.
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