The report enumerates the Aerogels Market share held by the major players of the industry and delivers a full view of the competitive landscape. This market is categorized into different segments with the comprehensive analysis of each with respect to the geography for the study period. Based on the historical study and estimates future prospects based on in-depth research, this report briefly provides the market trends, size, growth, and estimation for the period 2018-2025.
Aerogel is a permeable ultralight component that is synthetic in nature. This mesoporous composite material derived from gel is a liquid component that is replaced with a gas. It contains more than 95% air and silica or any other material particles suspended in three-dimensional porous structure. They are extremely porous, low density, lightweight and low thermal conductivity. This feature makes them suitable in various applications that require lightweight and low thermal conductivity such as insulation in petrochemical, construction, and aerospace industries.
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The aerogel market is segmented by products as silica aerogels, metal oxide aerogels, carbon aerogels and others (including polymer aerogels, etc.). Silica aerogel had the largest market share and is projected to dominate the global market during the forecast period. The factors such as its high insulating properties, cheap and abundant raw material availability contribute to its dominance. The aerogel market is segmented by end user as construction, oil & gas, transportation, electronics and others (including pharmaceutical, etc.). Oil & gas segment dominates the aerogel market. The increasing demand for advanced insulation materials for its critical applications is expected to sustain the growth for oil & gas segment of aerogel market in the coming years.
North America is the largest consumer and producer of aerogel. The factors influencing the same are presence of strong innovation and technology in developed countries. The key players operating in this market are Cabot Corporation, Aspen Aerogels, Inc., Aerogel Technologies, LLC, JIOS Aerogel Limited, Surnano Aerogel Co., Ltd, Svenska Aerogel AB, Green Earth Aerogel Technologies, BASF SE, Guangdong Alison Hi-Tech Co., Ltd., and Ocellus, Inc.
The key drivers influencing the growth of aerogels market is growing demand in oil & gas and construction industries. The advancements and innovations in technology and usage in newer application areas is also expected to boost the market. The high demand in the transportation industry is expected to be a major opportunity for aerogels in the next few years. The key constraints of this market are high production cost and volatility of end user industries. The availability of cheaper substitutes is also hampering the market growth.
Table Of Contents – Overview
4.Aerogels Market Analysis by Product
5.Aerogels Market Analysis by End User
6.Aerogels Market Analysis by Geography
7.Competitive Landscape of Aerogels Companies
8.Company Profiles of Aerogels Industry
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