Aerogel Market 2020 - COVID-19 Analysis, Recent Trends by Leading Manufacturers & Regions
Market
Synopsis:
Market
Research Future (MRFR)’s new report highlights that the Global Aerogel Market
is set to expand at a healthy CAGR during the forecast period 2017 to 2023.
Aerogel has developed application across various industries such as oil &
gas, building insulation, aerospace, transportation, electronics, and others.
The growth of the end-user industries is likely to drive the expansion of the
global market over the assessment period. Meanwhile, the increasing demand from
the burgeoning automotive industry is projected to have a relatively higher
impact on the proliferation of the aerogel market in the upcoming years.
Silica
aerogel offers low density, high transparency, low thermal conductivity, etc.
which makes it suitable for various uses such as pollution filters,
supercapacitors, absorbents, etc. The demand for silica aerogel is expected to
witness an upswing over the next couple of years. It is projected to propel the
expansion of the global aerogel market during the assessment period.
Furthermore, the extensive use of silica aerogel across the oil & gas, and
aerospace industry is estimated to expedite the growth of the aerogel market.
Market
Segmentation:
By
form, the aerogel market is segmented into blanket, panel, particle, and
monolith segments.
By
processing, the global aerogel market has been segmented into virgin,
composites, and additives segments.
By
application, the aerogel market is segmented into oil & gas, construction,
transportation, performance coating, and others.
Competitive
Dashboard:
Some
of the key players profiled in the report are BASF SE (Germany), Cabot
Corporation (U.S.), Aerogel Technologies, LLC (Germany), Aspen Aerogels, Inc.
(U.S.), Nano High-Tech Co., Ltd. (China), Active Aerogels (Portugal), Enersens
SAS (France), JIOS Aerogel Limited (U.S.), Guangdong Zhaoqing L&V Co. Ltd.
(China), and Svenska Aerogel AB (Sweden).
Regional
Insights:
The
Global Aerogel Market, by region, has been segmented into Asia Pacific, Europe,
North America, Latin America, and the Middle East & Africa. North America
is a major regional market for aerogel globally. The growing consumption of
insulation materials across different industries is expected to propel the
expansion of the aerogel market in the region. Furthermore, the rising demand
for aerogel from the oil and gas industry owing to low installation cost and
better compression resistance is also anticipated to have a favorable influence
on the growth of the market. The U.S., Canada, and Mexico are the most
significant country-level markets of the region.
Asia
Pacific is estimated to register a significant growth rate over the assessment
period. The factors that are favoring the growth of the regional aerogel market
include growth of the end-user industries, rising inflow of investments,
widening range of application across verticals, etc. The country-level markets
that are expected to witness substantial growth include China, Japan, and India.
Europe
is an important revenue pocket of the global aerogel market and is poised to
show a steep rise in the growth owing to the implementation of new regulations
favoring the proliferation of the market. The growing innovation and
technological advancements are likely to catapult the aerogel market on an
upward trajectory with major contributions coming from the U.K, Italy, Germany,
and France.
Industry
News:
In
February 2018, L.L. Bean, a leader in clothing and outdoor recreation
equipment, has introduced ultralight sleeping bags produced through innovative
PrimaLoft insulation which blends aerogel with traditional fibers.
In
June 2018, Graphene Composites, a Durham firm, has developed bulletproof armor
for school kids using aerogel, ultrastrong graphene, and other advanced
materials.
In
November 2018, the researchers of National University of Singapore (NUS) have
innovated an inexpensive way of creating aerogel from waste plastic bottles.
About
Market Research Future:
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Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
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Research (CFR), and Market Research & Consulting Services.
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team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
In
order to stay updated with technology and work process of the industry, MRFR
often plans & conducts meet with the industry experts and industrial visits
for its research analyst members.
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