Press release
Silica Aerogel Blanket Market will reach 810 million US$ in 2023
This report focuses on Silica Aerogel Blanket incorporate aerogel particles into ultra-thin, flexible nonwovens with superior insulating properties.
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Global Silica Aerogel Blanket Market: Forecast by Type / Application / Region
The global Silica Aerogel Blanket industry is competitive with major companies involved in continuous product innovation and R&D activities. Key players include Aspen Aerogels Inc., Cabot Corporation, Aerogel Technologies and several Chinese companies like Nano High-Tech and Guangdong Alison Hi-Tech. Aspen Aerogels is the global leader in this industry, with revenue of over 109.59 Million USD, namely 37.51% of the total market in 2017.
North America produces over 40.32% of the global share in 2017, which is mainly from Aspen Aerogels. More than 90% of end customer of Aspen Aerogels comes from energy industry, while it is noticeable that market of construction develops faster. Oil & Gas Consumables was the largest end-use for aerogel in 2017 with a share exceeding 63%. Superior insulation properties and sustainability at extreme temperatures as compared to conventional alternatives such as polyurethane foam, mineral wool, perlite and cellular glass is expected to be the key driving factor for the market in this application. Increasing usage of the product for insulation in building applications is expected to play a critical role in the growth of the industry. Moreover, transportation, aerospace & marine industries are also projected to drive demand over the forecast period.
The worldwide market for Silica Aerogel Blanket is expected to grow at a CAGR of roughly 18.8% over the next five years, will reach 810 million US$ in 2023, from 290 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
Aspen Aerogels
Cabot Corporation
Aerogel Technologies
Nano High-Tech
Guangdong Alison Hi-Tech
Active Aerogels
Enersens
Jios Aerogel Corporation
Guizhou Aerospace
Shenzhen Aerogel Technology
Aerogel UK
Xiamen Nameite
IBIH
Jinna Tech
Hong Hitech
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Related Information:
United States Silica Aerogel Blanket Market 2018 Forecast to 2023
Europe Silica Aerogel Blanket Market 2018 Forecast to 2023
North America Silica Aerogel Blanket Market 2018 Forecast to 2023
Asia-Pacific Silica Aerogel Blanket Market 2018 Forecast to 2023
China Silica Aerogel Blanket Market 2018 Forecast to 2023
EMEA Silica Aerogel Blanket Market 2018 Forecast to 2023
Global Silica Aerogel Blanket Market 2018 Forecast to 2023
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