Aerogel Market In-Depth Analysis to 2023: Global Leading Players - BASF SE, Aspen Aerogels, Inc., Cabot Corporation, JIOS Aerogel Limited, Guangdong Zhaoqing L&V Co. Ltd., Active Aerogels, Nano High-Tech Co. Ltd., Svenska Aerogel AB

Market Overview:

Aerogels are produced by a combination of silica, solvent, and the resulting product is formed by removing the water through supercritical drying process. They are extensively used in refrigeration, buildings & construction to impart heat resistance and durable nature to the final product. Moreover, they also provide reliability and versatility to the product.

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The Global Aerogel Market is driven by the scope of its application in various sectors such as oil & gas, construction, transportation, performance coating, and others. Moreover, oil & gas segment is set to grow at a higher CAGR owing to the endless use of insulation materials in the sector.

Intended Audience:

• Aerogel Market Manufacturers
• Traders and Distributors of Aerogel Market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Segmentation:

The Global Aerogel Market is segmented into the type, form, processing, and application.

On the basis of the type, the market is segregated into silica, polymer, and carbon segments.

The market by form is sub-divided into blanket, panel, particle, and monolith 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.

Regional Analysis:

The North America holds a majority of the market share due to advantages offered by the product and growing need for high performance insulation materials in major industries.

Asia Pacific is set to expand at a significant rate owing to growing demand for Aerogel in construction, furniture, textiles, and other sectors. In this region, the manufacturers and investors are shifting their focus from heavy materials to lighter products in end-use applications.

The enactment of new rules and regulations to use aerogel product in pipelines instead of steel has driven the market in the European region.

Due to economic slowdown and use of expensive raw materials, Latin American region is estimated to witness a moderate growth in the market.

The rising demand for high performance insulation materials in the Middle East & African region is projected to drive the market during the forecast period.

Global Key Players:

Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.), BASF SE (Germany), and Svenska Aerogel AB (Sweden).

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