Aerogel Market 2019 to grow in future by size, developments, trends by 2026

Aerogel Market Snapshot:

The global aerogel market was valued at USD 856.16 million in 2018 and is projected to reach a value of USD 3466.16 million by 2026, registering a CAGR of 19.18% during the forecast period, 2019–2026.

Aerogel is a mesoporous solid foam composed of an interrelated network of nanostructures with no less than 50% permeability. It has low thermal conductivity, which makes it an ideal material for insulation. It is eco-friendly, as aerogel sponge can be recycled post use. These features make aerogels applicable in many industries, such as aerospace, oil & gas, healthcare, building insulation, electronics, and others. The primary factors driving the market are innovations in the manufacturing process, enhanced thermal insulation capacity, and easy and abundant availability of raw materials. However, poor mechanical strength and high production cost are some of the determinants hampering market growth.

The Aerogel Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Aerogel market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Aerogel market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

North America is expected to dominate the global aerogel market during the forecast period (2019–2026), with aerogel beings used extensively in the region’s marine, automotive, and aerospace sectors. The U.S. is the largest shale producer in the region; hence, the use of aerogel in shale gas pipelines significantly contributes to market growth. This makes the U.S. a primary consumer of aerogel materials worldwide.
NASA has effectively used aerogel to capture hypervelocity particles and as a thermal insulator in its space missions. Stringent government regulations by the U.S. government pertaining to the development of energy-efficient insulated buildings and awareness regarding eco-friendly products are some other factors driving the market in the region. Besides, in-depth research in process and product development is positively impacting the market. The United States Department of Energy (DOE) is focusing on advanced insulation materials, which help thrift consumption of energy and money for industrial sectors.

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The Major Prominent Players Covered in this Report:
Aspen Aerogel Inc., American Aerogel Corporation, Cabot Corporation, Svenska Aerogel AB, Dow Corning Corporation, BASF SE, Airglass AB, Active Aerogels, JIOS Aerogel, and Acoustiblok UK Ltd. & More.

By Type
Silica
Carbon
Polymer
Others

By Foam
Blanket
Particle
Panel
Monolith

By Application
Oil & Gas
Construction
Transportation
Automotive
Aerospace
Marine
Performance Coating
Daylighting & LVHS
Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Aerogel in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Aerogel market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Aerogel and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Aerogel. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Aerogel market growth rate?
What are the key factors driving the global Aerogel market?
Who are the key manufacturers in the Aerogel market space?
What are the market opportunities, market risk, and market overview of the Aerogel market?
What are sales, revenue, and price analysis of top manufacturers of the Aerogel market?
Who are the distributors, traders, and dealers of the Aerogel market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Aerogel Industry?
What are sales, revenue, and price analysis by regions of Aerogel industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Aerogel Market Trends:
- The report identifies, determines, and forecasts the Global Aerogel Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Aerogel Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Aerogel Market.

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