The Global Aerogel Market is projected to reach up to USD 1933 million by the end of 2021, growing with a CAGR of 30.8% from 2016 to 2021. Aerogel is a low density,highly porous, solid material which possesses various features such as high thermal resistance, low optical index of refraction, low dielectric constant, high specific surface area, and superlative thermal, acoustic, and impact damping properties. Various end-use markets such as oil & gas, construction, automotive, marine, & aerospace among others are expected to drive the aerogels market across the globe. Moreover, the fact that the aerogel is being witnessed as a valuable replacement for thermal insulation materials, since it is providing cost competitiveness to other high performance thermal insulating materials plays a major role in driving the market globally.
The global Aerogel market has been segmented on the basis of raw material types, forms and industrial applications. On the basis of raw material types the global aerogel market is segmented as Silica, Carbon, Alumina, Others. Based on the forms aerogel market is segmented as Blanket, Particle/Powder, Block, and Panel. The report covers applications of aerogel in industries such as construction, Oil & Gas, Aerospace and Automotive, Healthcare, Chemical, Electronics, performance coatings among others. The market size and forecasts for each segment are provided both in terms of value (USD million) and volume (million square feet).
GEOGRAPHIC COVERAGE AND ANALYSIS:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among the various regions covered, North America dominated the global aerogel market whereas on the basis of countries, U.S. and China are projected to dominate the global aerogel market.
- Airglass AB
- JIOS Aerogel
- Cabot Corporation
- American Aerogel Corporation
- BASF SE
- Dow Corning Corporation.
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