Europe Blanket Aerogel Market - Green initiatives by the government of various European countries boost the market growth by catalyzing the need for building and industrial insulators
Aerogels are dry solid materials with low density, low thermal conductivity and light properties. Europe is a promising area that accounts for one-third of the global blanket airgel market. Growth in this region is due to the emergence of global brands such as Aspen Aerogels and Cabot Corp. in Germany. The EU's eco-friendly policy on environmentally friendly infrastructure, especially known as the 20-20-20 policy, has spurred market growth by fostering the need for building and industrial insulators.
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Russia is leading consumers of airgel blankets with the highest oil and gas production. The UK is the next major country in the European airlaid blanket demand, which has made many contributions in the field of automotive and building insulation.
The prominent players profiled include
• Aspen Aerogel Inc.
• Cabot Corporation
• Svenska Aerogel AB
• Acoustiblok UK Ltd.
• Active Space Technologies
• Airglass AB.
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Key Findings of Europe Blanket Aerogel Market
• Building insulation and oil & gas segment together contributed around half of the share in Europe blanket aerogel market.
• Oil & gas segment is expected to forfeit its dominance by 2022.
• Aerospace, automotive, healthcare, and chemical industries jointly accounted for more than one-third share of the overall market revenue in 2015.
• In 2015, silica feedstock contributed more than half of the blanket aerogel market.
• Russia led with around one-third market share in 2015.
• German blanket aerogel market is projected to grow at the fastest CAGR of 40.7% during analysis period.
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