Aerogel Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Aerogel market is likely to grow from USD 750.28 million in 2021 to USD 1500.82 million by 2028 at a CAGR of 10.21% during the forecast period of 2022-2028. The market for aerogels is driven by their high performance and properties including superior thermal resistance and lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material which after consecutive usage for a chain of applications can be disposed of safely after completion of its life cycle.
Market Segments’ Analysis
According to Stratview Research, the Aerogel Market is segmented by Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Others), by Form Type (Blanket, Particle, Panel, and Monolith), by Processing Type (Virgin Aerogels, Composites, and Additives), by Application Type (Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the type, the market is segmented as silica aerogel, polymer aerogel, carbon aerogel, and others. The silica segment is expected to command the market during the forecast period, in terms of value. The higher demand for silica is majorly owing to the high demand from end-use industries coupled with its low cost and easy availability. Silica is the most common type of aerogel as it is extensively studied and practically used. It is the first kind of aerogel manufactured for commercial application. As silica remains a low cost and easily available aerogel, the method of synthesizing it is economical.
Based on the form type, the market is segmented as blanket, particle, panel, and monolith. The blanket segment is estimated to hold the largest share of the market during the forecast period. The governance of the tank segment is likely to continue in the coming five years due to the high demand from the oil & gas and construction applications.
Top key vendors in the market:
The report mentions a list of key players in the Aerogel Market. Some of them are mentioned below –
- Aspen Aerogels
- Aerogel Technologies, LLC
- Aerogel Insulation India
- Aerogel Uk Ltd.
- BASF SE
- Cabot Corporation
- DOW Corning
- Enersens SAS
- Guangdong Alison Hi-Tech
- Jios Aerogel
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