About Aerogel Market: Aerogel is known for its light weight and super-properties such as low conductivity, and fire-resistant properties. They demonstrate good grades of thermal conductivity similar to a vacuum panel which makes them ideal insulators not just to keep warmth in, but also to keep homes cool. This makes aerogel the best suitable solution for heat and sound insulation.
Aerogel witness a huge uptake across its end-users industries which drive the market growth, driving a substantial demand across the world. Resultantly, the Aerogel market is growing pervasively on the global platform. Global Aerogel Market is projected to demonstrate a significant growth rate during the review period from 2017 to 2023.
Industry News: In, March 19, 2018 – Researchers at Zhejiang University (China) published the study of carbon aerogels that they have designed in a recent issue of Nature Communications. The newly designed carbon aerogels are stretchable up to three times more than their original length, displaying elasticity same like a rubber band. Thus the added reversible stretch-ability may lead to a host of new applications of carbon aerogels.
Regional Analysis: Geographically, Aerogel Market is segmented across Five Regions in the world namely; Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Globally, North America holds a majority of the market share due to advantages offered by the product and growing need for high performance insulation materials in major industries. The enactment of new rules and regulations to use aerogel product in pipelines instead of steel has driven the market in the European region.
Asia Pacific accounts for the second-leading market for Aerogel, owning a substantial market share. Availability of cost-comprehensive labor-force and growing exports are some of the key factors substantiating the market growth in the regional. Owing to the surging demand for Aerogel backed by the growing investments in the industrial sector and improved standard of living in some of the APAC countries such as India, China, and Japan the market size is widening considerably.
Market Segmentation: The Global Aerogel Market is segmented into the form, type, processing, and application. The market by form is sub-divided into blanket, panel, particle, and monolith segments. On the basis of the type, the market is segregated into silica, polymer, and carbon segments. The market by the processing is classified as virgin, composites, and additives segments. The market by application is bifurcated into oil & gas, construction, transportation, performance coating, and others.
Global Competitors: The Global Aerogel Market is led by some of the fervent players including, Aspen Aerogels, Inc. (US), BASF SE (Germany), Cabot Corporation (US), Nano High-Tech Co., Ltd. (China), Aerogel Technologies, LLC (Germany), Active Aerogels (Portugal), Guangdong Zhaoqing L&V Co. Ltd. (China), Enersens SAS (France), Svenska Aerogel AB (Sweden), and JIOS Aerogel Limited (US)
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