Europe Blanket Aerogel Market - Global Industry Analysis

Europe Blanket Aerogel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Consumer Goods Report Format : PDF Report Code: ZMR-6930 Status : Upcoming

Description

Europe Blanket Aerogel Market: Overview

In 2021, the European market for blanket aerogel was estimated at USD 546.3 million, expanding at a CAGR of 20.1% over the forecast period. Aerogels come in a variety of shapes and sizes, including blankets, particles/powders, panels, and blocks. Due to their ease of handling, blankets are the most often utilized type of aerogel. Blankets are made from a mixture of flexible fibers and silica aerogels. When it comes to piping insulation, aerogel blankets are ideal for covering oil refinery pipes in the appropriate sheets. Aerogel blankets are also employed in cryogenic applications because they stay flexible even after being submerged in liquid nitrogen. Plus, aerogel blankets are easy to roll and shape, making them ideal for applications requiring great barrier properties.

Report Scope:

Report Attribute Details
Base Year 2020
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.

Europe Blanket Aerogel Market: Growth Factors

The Europe blanket aerogel market is fostering at a healthy rate. The need for blanket aerogel has been rapidly increasing, particularly in areas where temperatures are exceptionally low. Aerogel blankets are excellent heat insulators. This in turn is fueling their appeal in Europe. In addition to this, blanket aerogel outperforms other insulating materials because they are water-resistant and fireproof after usage. Since it is environmentally safe and non-toxic, the demand for blanket aerogel is increasing in European countries. Further, blanket aerogel has recently acquired popularity in two important areas: clothing and construction. The construction sector is expected to grow, paving the path for the European aerogel blanket market to expand. In the sector of textile manufacturing, there have been significant developments. This is also increasing the demand for blanket aerogel. Additionally, the increased use of blanket aerogel in aerospace is driving the market further. In accordance with this, the increasing demand for blanket aerogel from the oil and gas industry is also a crucial aspect that is boosting market expansion. The innovative solutions given in the field of nanotechnology and gelation processes lead to higher productivity of aerogel blankets. For instance, in August 2020, Armacell, a global pioneer in energy efficiency, introduced ArmaGel DT, a next-generation versatile aerogel blanket for dual-temperature and cryogenic applications. It is also utilized as a thermal wrap for various applications, therefore the Europe blanket aerogel market is predicted to increase favorably during the forecast period. However, volatile prices of raw materials and high aerogel blanket manufacturing costs are projected to be major restraints to the market's growth in Europe.

The scale of the COVID-19 pandemic impact on the European blanket aerogel market was estimated in the range of low to moderate. The continuous demand from the oil & gas sector in the region maintained the product demand. However, strict lockdowns, limitations on logistics, and supply chain disruptions affected the market growth to some extent.

Europe Blanket Aerogel Market: Segmentation

The European blanket aerogel market is categorized based on material, layers, application, and region. By material, the market is bifurcated into silica, polymers, and carbon. Based on layers, the blanket aerogel is divided as multi-layer and mono-layer. The application segment of the market is segregated as oil & gas, automotive, cryogenic performance, coatings, and, aerospace.

Europe Blanket Aerogel Market: Regional Analysis

Germany is likely to hold a major share in the Europe blanket aerogel market followed by the UK and Russia. This is attributed to a large number of oil refineries in the nation. Also, Germany is a house of the biggest automobile manufacturers, where the demand for insulating material like blanket aerogel always remains high. The rate of industrialization is high in Germany compared to other nations in the region, this will also support the demand for aerogel blankets over the forecast period.

Europe Blanket Aerogel Market: Competitive Players

Major players operating in the Europe blanket aerogel market include Cabot Corporation, SVENSKA AEROGEL AB, Aspen Aerogels Inc., Acoustiblok UK Ltd., Active Aerogels, and Airglass AB.

Europe Blanket Aerogel Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The market for blanket aerogel in Europe is fostering at a healthy rate. The need for blanket aerogel has been rapidly increasing, particularly in areas where temperatures are exceptionally low. Aerogel blankets are excellent heat insulators. This in turn is fueling their appeal in Europe.

Major players operating in the Europe blanket aerogel market include Cabot Corporation, SVENSKA AEROGEL AB, Aspen Aerogels Inc., Acoustiblok UK Ltd., Active Aerogels, and Airglass AB.

Germany is likely to hold a major share in the Europe blanket aerogel market followed by the UK and Russia. This is attributed to a large number of oil refineries in the nation. Also, Germany is a house of the biggest automobile manufacturers, where the demand for insulating material like blanket aerogel always remains high. The rate of industrialization is high in Germany compared to other nations in the region, this will also support the demand for aerogel blankets over the forecast period.

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