Global Aerogels Market: Overview
Aerogel is basically mesoporous solid foam, mainly derived by substituting the liquid element of the gel with a gas. It is composed of an interrelated nano-structure system with the smallest amount of around 55% porosity; although it is solid, it is very porous as well as lightweight. Furthermore, it comprises of very low thermal conductivity, which in turn, makes it an ultimate insulation substance.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Aerogels Market: Growth Factors
The global aerogels market is increasing due to increased demand for the aerogel in industries, for instance, marine, oil & gas, aerospace and automotive. Aerogel is a tremendously low mass solid substance, primarily made up of air, and at the same time manufactured by utilizing conventional/traditional gel. Global aerogels market comprises of a material exhibiting several properties, which is making it apt for the applications in the abovementioned industries. These properties comprise, a high degree of porosity, low density, thermal & acoustic damping, and other required properties in a range of applications industries. Furthermore, due the abundant usage of aerogel in manufacturing applications is one of the most important reasons for growing global aerogels market. The aerogels are a good substitute for thermal insulation substances since it is giving cost effectiveness as compared to the high performance of insulating materials thus boosting the market growth.
Global Aerogels Market: Segmentation
The aerogels market in terms of type has been classified into carbon, polymer, silica, and others. The silica division is likely to be one of the most important contributors for the growth of the global market in the years to come due to its high popularity/demand from end-use sectors with its easy accessibility and low expenditure. The aerogels market in terms of form has been categorized into a particle, blanket, monolith, and panel. The blanket division is projected to lead the global market in the coming future owing to its high popularity/demand from the gas & oil as well as construction applications. In terms of processing, the market has been divided into composites, virgin (as manufactured), and additives. The virgin aerogel division is likely to hold the highest shares in the market in the coming years. This is owing to its ample amount of use in the automotive sector, construction applications and oil & gas. The demand and popularity for oil & gas usage are high owing to its minimum thickness and advanced thermal resistance.
Global Aerogels Market: Regional Analysis
The global aerogels market is projected to experience increased development in North America, which is likely to account for a major share in the aerogels market. North America is followed by the Asia Pacific based on aerogel consumption all over the world, owing to the huge amount of usage in China. On the other hand, the European market is projected to be the most important region, based on annual development, in the coming future.
Usage of the aerogel in North America is anticipated to be the highest due to growing demand and popularity of aerogel for gas & oil and construction applications. Europe is estimated to experience a rapid market growth in the coming years.
Global Aerogels Market: Competitive Players
Some of the most important market players in the aerogels market are Cabot Corporation, Aspen Aerogel Inc., Svenska Aerogel AB, American Aerogel Corporation, Dow Corning Corporation, BASF SE, JIOS Aerogel, Airglass AB, Acoustiblok UK Ltd., and Active Aerogels, among others.
Global Aerogels Market: Regional Segment Analysis
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