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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

02-12-2019 10:04 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Europe Blanket Aerogel Market

Europe Blanket Aerogel Market

The European Blanket Airgel Market is expected to reach $ 745.6 million by 2022. In 2015, oil and gas applications generated the highest return on the European blanket aerogels market. However, by the end of 2022, insulation applications are expected to exceed. Due to the expansion of green infrastructure, the application of insulating materials is expected to grow by 2022.

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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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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