Factors that are influencing the spur of aerogel market are, supporting policies related to eco-friendly infrastructure in Middle Eastern and European countries, the market is likely to have prevalent implementation, especially in building insulation segment. Due to cost sensitiveness of aerogel its adoption was limited to sophisticated applications in aerospace and oil & gas industry. Aerogels are extensively used as absorbents and adsorbents, solar thermal insulators, filters, catalysts and photo-catalysts, and in aerospace and space exploration.
The properties such as acoustic and thermal insulation exhibited by aerogels are deployed in various sectors. Because of these unique properties the demand for aerogels seems to be increasing during the forecast period. The major constraints for the growth of aerogel market are high cost of production, coupled with the complicated manufacturing process of aerogels which are negatively impacting the market.
Some of the major players in aerogel market are Dow Chemicals (U.S.), Cabot Corp, Aspen Aerogel (U.S.), BASF, Svenska Aerogel AB, Airglass AB, Active Space Technologies, Nano High-Tech Co. Ltd, Enersens SAS, and Guangdong Alison Hi-Tech Co. Ltd.
o New Zealand
o Rest of Asia
o Middle East
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