Press release
Aerographite Market is anticipated to attain a size of $7.1 million by 2031, experiencing a steady rise at a CAGR of 6.2% from 2022 to 2031
Aerographite Market
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Growing utilization of aerographite in various applications such as aviation & satellite, automotive, building & construction, water treatment, pollution absorbent, and others drive the global aerographite market. Moreover, the availability of substitute restricts the market growth to some extent. However, the surge in demand for water treatment will present new growth opportunities for the global aerographite market in the coming years.
On the basis of application, the aviation and satellite segment contributed to the largest share of around one-fourth of the global aerographite market in 2021 and is expected to maintain its dominance during the forecast period. The aerographite has a high tolerance for vibration, thus it can be used for aviation and satellites. It is also utilized in solar sails because it is an innovative material. Aerographite has been widely proposed for use in deep space probes capable of traveling further into space than current technologies. However, the building and construction segment is projected to witness the fastest CAGR of 7.01% from 2022 to 2031.
Aerographite has become a popular building material due to its superior electrical conductivity and ability to withstand significant vibration. Furthermore, it is relatively light, and its ductility allows it to fit in a space that is 95% of its normal area. Aerographite is an atom-made material that can become stronger when compressed. It is the lightest building material across the world and seventy-five times lighter than Styrofoam.
The aerographite market is segmented into application and region. On the basis of application, the market is divided into aviation & satellite, automotive, building & construction, water treatment, pollution absorbent, and others. Region-wise, the aerographite market share is studied across North America, Europe, Asia-Pacific, and LAMEA.
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By region, the market in Asia-Pacific was the largest in 2021, accounting for nearly two-fifths of the global aerographite market and is likely to maintain its dominance during the forecast timeframe. Also, the same region is likely to show the fastest CAGR of 6.53% during the forecast period. Aerographite is becoming popular in the region due to its use in batteries of cars and bikes due to its lightweight property.
Major players operating in the global aerographite market include Aero Industries, Miami Advanced Material Technology Co., LTD, Pingdingshan Kaiyuan Special Graphite Co., Ltd., Xinghe County Muzi Carbon Co., Ltd. and Zhejiang Huarong Technology Co., Ltd. These players adopted several growth strategies such as product launch, business expansion, merger & acquisition, and others to strengthen their position in the market
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The report analyzes these key players in the global aerographite market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.
Application:
Aviation and Satellite
Automotive
Building and Construction
Water Treatment
Pollution Absorbent
Others
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