Press release
Aerogel market is expected to reach USD 1531.93 Mn. in 2029, with a CAGR of 10.20% for the period 2023-2029
Aerogel Market
The comprehensive report covers a detailed introduction to the Aerogel market, outlining its unique characteristics as a porous solid with unparalleled thermal insulation capabilities. It delves into the diverse applications of aerogels across industries such as automotive, oil and gas, construction, cryogenics, shipping, and more. The report also provides insights into the production trends, demand, and capacity expansions for different types of aerogels.
Maximize Market Research Pvt. Ltd. adopts a rigorous research methodology that underpins the accuracy and reliability of the report's findings. The research is based on both primary and secondary data sources, incorporating industry experts' insights, market surveys, and analysis of key players in the market.
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Aerogel Market Dynamics:
The report highlights the driving forces behind the Aerogel market's growth, including its lightweight nature, exceptional thermal insulating properties, and expanding applications. Additionally, it addresses the market's challenges, such as high production costs, and discusses how the market is poised to overcome these hurdles.
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Aerogel Market Segmentation:
by Product Type
Silica
Polymers
Carbon
Others
Based on Product Type: In 2022, the silica aerogel product segment, which accounted for more than 68 percent of total revenue, dominated the aerogel market. The non-organic structures of the products, which are non-combustible and able to resist temperatures of up to 1,4000°C, are mostly to blame for this. They have excellent heat tolerance and thermal insulation properties as a result, which raises demand for them.
Silica aerogel is used to create blankets made of elastic aerogel that are also robust, stretchy, and water-resistant thanks to fiber reinforcements. It is anticipated that these nonflammable blankets made of silica aerogels will be very effective at stopping the spread of fire in homes, factories, and other infrastructure.
by Form
Blanket
Particle
Panel
Monolith
by End-use Industry
Oil & Gas
Building & Construction
Automotive, Aerospace & Marine
Performance Coatings
Other End-uses
The oil & gas end-use category dominated the market in 2022 with a revenue share of more than 65%. Pipelines and other systems are built, manufactured, and run using aerogel, a versatile insulating material with high porosity, low density, low dielectric constant, and excellent thermal insulation properties.
by Technology
Supercritical Drying
Other Technologies
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Aerogel Market Key Players:
1. Cabot Corp.
2. BASF SE
3. Nano Technology Co., Ltd.
4. Dow, Inc.
5. Enersens
6. Armacell International S.A
7. Active Aerogels
8. Aerogel Technologies LLC
9. Aspen Aerogel Inc.
10. JIOS Aerogel
11. Svenska Aerogel AB
12. Thermablok Aerogels Limited.
13. American Aerogel Corporation
14. Green Earth Aerogel Technologies
15. TAASI Corporation
16. Airglass AB
17. Acoustiblok UK Ltd.
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Regional Insights:
The report provides a comprehensive regional analysis, presenting insights into the global Aerogel market's dynamics across different regions. North America currently dominates the market with a revenue share of over 46% in 2022, driven by its concentration of Aerogel manufacturers and innovative applications. Europe is expected to exhibit significant growth due to energy efficiency policies, and other regions are also contributing to the market's expansion.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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