The global demand for Silica Aerogel Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX Tons in 2020 and foreseen to touch XX Tons by 2028 with a CAGR of XX% during 2021-2027.
Silica aerogel is considered the most common type of aerogel and the most extensively used and studied. It is silica-based, and it is derived from a modified Stober process and by silica gel. Silica aerogel is a brittle substance that breaks down during handling and uses, forming dust particles. Silica aerogels possess high surface areas, lightweight and highly porous but mechanically rigid, and keep a broad range of applications from pharmaceutical to semiconductor industries. Silica aerogels can be formed by using low-cost precursors at ambient pressure that makes it perfect for commercialization. Silica aerogels can be used in light guides, imaging devices, and optics.
The increasing demand from the automotive & aerospace industry is the primary factor driving the silica aerogel market. Also, silica aerogel characteristics such as high insulation, inexpensiveness, and abundance contribute to the silica aerogel market's growth.The Increasing demand for superior insulation in the oil & gas industry and the surging consumption of fuels among the consumers is also positively impacting the silica aerogel market's growth. Moreover, the replacement of conventional thermal insulation materials with silica aerogel is likely to generate profitable growth opportunities for key players of the silica aerogel market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of silica aerogel.
This section of the silica aerogel market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service..
- Oil and Gas
- Industrial insulation
- Building Insulation
- Aerospace & Defence Materials
This section covers regional segmentation which accentuates on current and future demand for silica aerogel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Silica Aerogel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the silica aerogel market include BASF SE, Dow Chemical Company, Aspen Aerogels Inc., Aerogel Technologies LLC , Cabot Corporation LLC, JIOS Aerogel Corporation, Ocellus Inc., Svenska Aerogel Holding AB, and Maero Tech Sdn Bhd.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.