Aerogel Market In-depth Insights, Revenue Details, Regional Analysis by 2021

A new report published by Allied Market Research, titled, "World Aerogel Market-Opportunities and Forecasts, 2014-2021," projects that the global sales of aerogel is expected to reach $1,926.6 million by 2021. Silica aerogel is expected to generate around three-fourths of the overall market revenue by 2021. The European aerogel market is projected to grow at the highest CAGR of 34.2% during the forecast period.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/129

Aerogel is a porous, dry solid material that exhibits a wide array of properties, such as low density, low thermal conductivity, and light weight. The primary attributes of aerogel, such as reusability, recyclability, high durability, and thermal resistance, have fostered its adoption across numerous end-user industries such as oil & gas, automotive, aerospace, electronics, and others. However, mass adoption of aerogel is strictly limited to these industries, owing to its relatively high pricing. However, application areas of aerogel are likely to be diversified with the advent of various cost-efficient manufacturing techniques. Supporting government policies related to green infrastructure in the European and Middle Eastern countries would promote the adoption of aerogel in the building insulation application segment.
Silica aerogel is the most widely consumed raw material owing to its efficiency and lightweight. The carbon aerogel segment is anticipated to grow at the highest CAGR of 35.6% during the forecast period on account of its increasing applications across electronics, semiconductor, and supercapacitor industries. In addition, rising adoption of graphene (carbon based) aerogel in oil absorption and energy storage applications would further boost the growth of carbon aerogel segment during the forecast period.

In 2014, blanket aerogel was the most widely used aerogel in the market, accounting for about 71% share of the market. The other aerogels available in the market are particle, panel, and block aerogel. In 2014, oil & gas was the major revenue-generating segment in terms of application, garnering about three-fourths share of the overall market revenue. Building insulation is one of the fastest growing application segment, owing to increasing implementation of green infrastructure policies, worldwide, especially in Europe, North America, and Middle East.

Make an Enquiry before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/129

Key findings of the study:
Electronics application segment is projected to grow at a CAGR of 36.9% from 2015 to 2021.
Oil & gas segment is expected to maintain its dominance in the application segment during the forecast period.

Aerospace, automotive, healthcare, and chemical industries jointly accounted for around one-fifths share of the overall market revenue in 2014.
Particle/powdered aerogel is likely to exhibit the highest growth during the analysis period.
In 2014, Asia-Pacific and LAMEA collectively accounted for around 40% share of the market.
In 2014, North America accounted for more than 40% share of the global market, owing to the increasing demand for aerogels in oil & gas industries based in the United States and Canada. However, Europe is expected to be the fastest growing region in the world aerogel market owing to stringent government regulations of the European Union which has further facilitated the implementation of green infrastructure.

Access Full Summary @ https://www.alliedmarketresearch.com/aerogel-market

The prominent players profiled in this report include Aspen Aerogels, Inc., American Aerogel Corporation, Cabot Corporation, Dow Corning Corp., Svenska Aerogel AB, BASF SE, Airglass AB, JIOS Aerogel, Active Space Technologies, and Acoustiblok UK Ltd., and others.

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.