Press release
Silica Aerogel market is expected to reach USD 1.07 billion by 2024 | Key players Aspen Aerogel Inc., American Aerogel Corporation, Svenska Aerogel AB, BASF SE, Cabot Corporation, Dow Corning Corporation
According to the research report, the Global Silica Aerogel Market was valued at USD 0.12 billion in 2016 and will reach 1.07 Billion USD by the end of 2024, growing at a CAGR of 30% during 2018-2024.
Silica Aerogel market Overview:
Aerogels are a synthetic ultra-light material that is derived from gel, where the liquid component of the gel is replaced with gas. Aerogels can be of several types such as silicon, carbon, and polymers among others. Silica aerogels are the most extensively used of the lot and are derived by a modified process. It possesses a number of properties such as enhanced thermal insulation, cost-effectiveness and recyclability. Though found in the solid state usually, it is extremely porous and lightweight in nature and consists of low thermal conductivity features, which make it an ideal insulation material.
Browse details of 91 numbers of pages research report developed on Silica Aerogel market @ https://www.researchcosmos.com/reports/global-silica-aerogel-market-research-report-2018/48294185
Silica Aerogel market Growth Drivers and Restraints:
The growing demand from various end-user industries is driving the growth of the global silica aerogel market. Global industrialization and urbanization in the developing regions across the globe, coupled with the growing energy demand has boosted the oil and gas sector, which, in turn, is adding to the growth of the market. The global silica aerogel is expected to grow at an expanding CAGR on account of increasing application of this productespecially in the energy sector in the near future.
Silica Aerogel market Regional Analysis:
Geographically, the market is spread across North America, Europe Asia-Pacific, and LAMEA. Consumption of the silica aerogel in North America was the highest, owing to increasing demand in the oil & gas and construction applications. Further, with funding and research extensively by the government, North America has been cannibalizing the market in recent years. Europe too is one of the fastest growing regions, accounting for a high CAGR of 34.7% in the market across the globe.
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Silica Aerogel market Key Players:
Some of the leading manufacturers in the global market include Aspen Aerogel Inc., American Aerogel Corporation, Svenska Aerogel AB, BASF SE, Cabot Corporation, Dow Corning Corporation, Airglass AB, JIOS Aerogel, Active Aerogels, and Acoustiblok UK Ltd.
Silica Aerogel market Segmentation:
By Product
• Blanket
• Particle
• Panel
By Application
• Building Insulation
• Aerospace & Defence Materials
• Transportation
• Oil & Gas Consumables
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-silica-aerogel-market-research-report-2018/48294185
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
www.researchcosmos.com
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