Stratview Research has published a new report on the Aerogel Market, segmented by Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Others), by Form Type (Blanket, Particle, Panel, and Monolith), by Processing Type (Virgin Aerogels, Composites, and Additives), by Application Type (Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, and Others),  and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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Market Highlights

Aerogel market is likely to grow from USD 750.28 million in 2021 to USD 1500.82 million by 2028 at an impressive CAGR of 10.21% during the forecast period. The market for aerogels is driven by their high performance and properties including superior thermal resistance and lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material which after consecutive usage for a chain of applications can be disposed of safely after completion of its life cycle.

Segmentation –

This report studies the Aerogel Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on the type, the market is segmented as silica aerogel, polymer aerogel, carbon aerogel, and others. The silica segment is expected to command the market during the forecast period, in terms of value. The higher demand for silica is majorly owing to the high demand from end-use industries coupled with its low cost and easy availability. Silica is the most common type of aerogel as it is extensively studied and practically used. It is the first kind of aerogel manufactured for commercial application. As silica remains a low cost and easily available aerogel, the method of synthesizing it is economical. 

Based on the form type, the market is segmented as blanket, particle, panel, and monolith. The blanket segment is estimated to hold the largest share of the market during the forecast period. The governance of the tank segment is likely to continue in the coming five years due to the high demand from the oil & gas and construction applications.

Based on the application type, the market is segmented as oil & gas, construction, transportation, performance coating, day-lighting & LVHS, and others. The oil & gas segment is expected to be the largest application of the market, in terms value, during the forecast period. Superior thermal resistance and reduced thickness of aerogel materials reflect their huge potential for growth in the oil & gas applications, where insulation is of supreme importance.

Following are the key players in the Aerogel Market:

  • Aspen Aerogels
  • Aerogel Technologies, LLC
  • Aerogel Insulation India
  • Aerogel Uk Ltd.
  • Cabot Corporation
  • DOW Corning
  • Enersens SAS
  • Guangdong Alison Hi-Tech
  • Jios Aerogel

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