Aerogel Market: Global Industry Analysis and Opportunity Assessment 2015-2025

The global aerogel market is on the rise due to increased applications of aerogel in industries such as oil & gas, marine, automotive, and aerospace. Aerogel is an extremely low density solid material, mainly composed of air, and is manufactured using conventional gel. Global aerogel market consists of material exhibiting numerous properties, making it suitable for the applications in aforementioned industries. These properties include thermal & acoustic damping, low density, high degree of porosity and other desired properties in various applications industries. In addition to the abundant uses of aerogel in industrial applications, one of the key reasons for increasing global aerogel market is due to the fact that the material is being witnessed as a good replacement for thermal insulation materials, since it is providing cost competitiveness to other high performance thermal insulating materials.

Aerogel Market: Drivers & Restraints

The increasing demand of aerogels by the end users such as oil & gas, automotive, marine & aerospace , etc. are driving the global aerogel market. Growing globalization leading to an increase in investments, new establishments for construction and properties of aerogel such as high insulation, being cheap and abundant availability of the raw material are some of the factors driving the growth of global aerogel market. High production cost is the major challenging factor for the growth of global aerogel market.

Aerogel Market: Segmentation

In terms of application industry, the global aerogel market is segmented into key applications:

• Oil & gas
• Marine & aerospace
• Performance coatings
• LVHS
• Day-lighting
• Automotive
• Construction

Within these applications, the oil & gas industry accounts for a leading share in the global aerogel market. Among other applications, wherein significant growth is likely to be witnessed is automotive and construction applications, wherein thermal insulation properties of aerogel material are being exploited.

On the basis of product types, the global aerogel market is can be segmented into:

• Silica
• Polymer
• Carbon

These different types of aerogel are being utilized in the global marketplace, wherein polymer type of aerogel is expected to witness the highest growth in coming years. In terms of market share, the global aerogel market has been dominated by silica type aerogel, which is likely to continue its dominance through the forecast period as well.

On the basis of forms, the global aerogel market has been segmented into:

• Monolith
• Blanket
• Article
• Panel form

The global aerogel market is dominated by blanket form of aerogel, which is widely used for thermal insulation applications across the industries. The global aerogel market is expected to witness the tremendous growth in particle form of aerogel, which is expected to contribute towards the growth in demand for aerogel in global aerogel market during the forecast period.

On the basis of processing segment, the global aerogel market has also been segmented into:

• Virgin processed
• Fabricated

In terms of processing, within the global aerogel market, virgin aerogel is witnessed to be the dominating processing segment. This is due to the fact that virgin aerogel is free from composites and additives, which enables its applications in research & development activities. Further virgin aerogel is accompanied with high commercial availability in the global aerogel market.

Aerogel Market: Region-wise Outlook

The global aerogel market has witnessed increased growth in North American region, which accounts for a leading share in the global aerogel market. Followed by North America, Asia-Pacific excluding Japan (APEJ) region accounts for the second leading regions in terms of aerogel consumption across the globe, which is due to high amount of consumption in China. However, the European market is likely to be the leading region, in terms of annual growth, in years to come.

Aerogel Market: Key Players

The global aerogel market is dominated by major players such as Cabot Corporation, Aerogel Technologies LLC, Aspen Aerogels, Inc. and BASF SE, to name a few.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies and End Use industries.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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