Press release
2021 Aerogel Market is Anticipated to Reach USD 1060 Million USD by 2025 | growing at CAGR of 10.68% | Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano tech Co. Ltd.
North America captured the highest market share in 2020
In 2020, North America captured the largest share of 56% of the total market share. US is the most established and commercialized almost exclusively with most of the manufacturers based in this region. Currently, U.S. is the leading player in the global aerogel industry, there is lot of significant scope for further growth.
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Factors Driving aerogel market are
Low mean free path of diffusion.
High specific surface area (for a non-powder material)
Low thermal conductivity.
Low sound speed.
Low refractive index.
Low dielectric constant.
The German organization Armacell has recently inaugurated its industrial-scale aerogel line at its new plant in Cheonan, South Korea. The company is expecting to increase its production capacity of aerogel-based insulation products from 250,000 m2 to 750,000 m2.
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Aerogel Market Revenue By Type (Revenue, USD Million, 2019 - 2025)
Silica
Polymer
Carbon
Others
Aerogel Market Revenue By, End-use (Revenue, USD Million, 2019 - 2025)
Oil & Gas
Building & Construction
Automotive, Aerospace & Marine
Performance Coatings
Others
Aerogel Market By Technology (Revenue, USD Million, 2019 - 2025)
Supercritical Drying
Other Drying
Aerogel Market By Companies
Aspen Aerogels
Cabot Corporation
Aerogel Technologies
Nano tech Co. Ltd.
Armacell
Guangdong Alison Hi-Tech
Active Aerogels
Enersens
JIOS Aerogel
BASF
Others
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
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