Aerogel Market to propel at a healthy CAGR during forecast of 2017 to 2023

About Aerogel Market:
Aerogel is porous and solid in nature known as frozen smoke, solid air, or solid cloud. Owing superior thermal resistance, lightweight and low conductivity of aerogel, this material is used in various applications. Aerogel is easily replacing thermal insulation material, providing strong cost competitiveness among the high-performance insulation materials, thereby, expected to drive the market. Aerogel is available in silica, polymer and carbon type. The silica aerogel is leading segment owing to high demand of silica in oil& gas and transportation industry.

Industry News: In, January 2017 – Aspen Aerogel Inc. launched a new product Pyrogel XTE Pony Rolls™ in United States. The new pony rolls are 80 square foot sized rolled with 10 mm thick aerogel blanket insulation. With customer requirement, company produced Pyrogel XTE Pony Rolls for ease of handling and provide greater productivity on pipe and fittings. Thus, by adding pony rolls to Pyrogel, XTE, it can be used in various application like pipe racks, tunnels, and vaults.

Regional Analysis: Geographically, Aerogel Market is segmented across Five Regions in the world namely; North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Above these regions, Asia Pacific region is dominating market owing to rising infrastructure projects coupled with supportive government policies leading to strong demand of aerogel building & construction sector. The key players in this region are focusing on strategic alliances to develop new products and expand in to emerging markets.

Market Classification: Global Aerogel Market is classified 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.

Top Global Vendors: Some of the Top vendors functioning in the Global Aerogel Market are: Aerogel Technologies LLC (Germany), Nano High-Tech (China), Cabot Corporation (U.S.), Active Aerogels (Portugal), BASF SE (Germany), Aspen Aerogels Inc. (U.S.), Guangdong Zhaoqing L&V (China), Enersens SAS (France), JIOS Aerogel Ltd. (U.S.), Svenska Aerogel AB (Sweden), among others

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