Silica Aerogel Market 2019 Global Industry Analysis By Size, Trends, Share, Applications, Growth, Competitive Landscape, Key Players, And Regional Forecast To 2023

Silica Aerogel Market Overview:
Silica Aerogel Market is expected to witness a remarkable CAGR from 2018 to 2023 (forecast period), according to a report by Market Research Future (MRFR). This can be credited to superior thermal insulation properties as well as being an environment-friendly material. Furthermore, silica aerogel is an adept substitute for conventional insulation materials. Its utilization in fabrication of apparel for low degree weather has further amplified the demand for silica aerogel. The increasing government investments in the construction industry has elevated the use of building insulation, which can stimulate market growth.

Silica Aerogel is used in various applications such as building insulation, oil and gas, automobile, industrial insulation, and aerospace among others. The growing consumption in the developing region across the globe are the major factors contributing to the global market of silica aerogel. The increasing government investments in the construction has augmented the use of building insulation, in turn, fuelling the market growth. Among the various application sector, oil and gas is the dominant segment and is expected to show the same trend during the forecast years.

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Silica Aerogel Market Key Players:
Some of the prominent players operating in the global silica aerogel market are BASF SE (Germany), The Dow Chemical Company (U.S.), Cabot Corporation (U.S.), Aspen Aerogels Inc. (U.S), Aerogel Technologies (U.S.), JIOS Aerogel Corporation (Korea), Svenska Aerogel Holding AB (Sweden), CF Technologies (U.S.), and Ocellus Inc (U.S.) among others.

Silica Aerogel Market Segmentation:
The market is segmented by form and end-use industry. On the basis of form, the market is segmented into monolith, blanket, panel, and others. Monolithic aerogel is made of self-assembled small organic molecules, which are prepared from amino acid based supramolecular gels using carbon dioxide supercritical drying process. On the other hand, blanket aerogels are highly breathable, low dusting and low powdering and are flexible, wrappable as well as bendable.

Major market end-users include automotive, oil & gas, building insulation, industrial insulation, aerospace & defense, and others. The oil and gas sector are the largest end user of silica aerogel market. The attributing factors are high demand in refineries, subsea piping as well as petrochemicals, and gas processing plants. This particular segment is expected to exhibit a substantial CAGR during the forecast period.

Silica Aerogel Industry News:
Graphene Composites Ltd., a producer of aerogels, has announced the launch of grapheme composite (GC) Shields and GC Shield Wall - a flexible, lightweight shield that provides a significant degree of protection against gun or knife attacks, in the second half of 2018. The company is anticipated to commence a funding round with Crowdcube to further its product innovation and expand into new regions.

Cabot Corporation, an American firm, has increased its capacity by establishing a new facility to its worldwide network of carbon black plants. Through the combination of a plant expansion, operational improvements, and debottlenecking projects, it has increased its production power by over 300,000 metric tons. Adding this new capital efficient capacity will yield a lever for growth for the Reinforcement Materials and Performance Chemicals segments and will be conducive to the execution of their corporate financial and strategic objective.

Silica Aerogel Market Geographical Analysis:
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

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Silica Aerogel Market Regional Analysis:
Silica Aerogel Market stretches across five salient regions, namely Asia Pacific (APAC), Latin America (LATAM), Europe, North America, and the Middle East & Africa (MEA). Amid these, Asia Pacific holds the dominant share of the market and presumed to grow meteorically during the forecast period. Industries like construction and automotive can induce demand from end users which in turn fuels the market growth considerably. The key economies attributing to the growth of the silica aerogel in this region are India and China.

Among all the regions, North America has the upper hand in the market. This is due to the presence of developed end-use industries coupled with the advancing adoption rate. Additionally, the shale gas boom in the region has escalated the oil and gas related activities in the region, which also acts as a catalyst responsible for the growth of the silica aerogel market. The major countries accredited for regional market growth are Canada and the U.S. The Europe market is predominantly driven by the developed automobile and construction sector. On top of that, factors like the increasing use of silica aerogel in the oil and gas sector are also accountable for the market growth.

Silica Aerogel Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Introduction

Silica Aerogel Market Table of Content to be Continue……,

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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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