DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/spk8ps/global_aerogel) has announced the addition of the "Global Aerogel Market (Raw material, Form, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering.
The global aerogel market was valued at $221.8 million in 2013 and it is estimated to reach $1,896.6 million by 2020, growing at a CAGR of 36.4% during the forecast period (from 2014 - 2020). With ongoing advancements in innovation of the materials and discovery of new application areas, market is expected to build more strength with time.
High production cost is the primary restraining factor for this market, as the burden eventually slides towards the consumers. Moreover, the industries such as petroleum, construction, power generation, etc. are vulnerable to cross-boundary economic conditions and hence, the dependent markets such as aerogel face sales side pressure in adverse economic conditions. On the other hand, the global aerogel market has numerous opportunities in future.
Due to its thermal protective performance, aerogel could be embedded in firefighter's protective gears. Moreover, due to its high heat resistance coupled with extremely lightweight, it could be used as apparels in the cold regions. Besides these, by having high surface area, carbon aerogel could be used for hydrogen and electrical energy storage.
Scope of the Report
MARKET BY RAW MATERIALS
- Silica
- Carbon
- Alumina
- Others
MARKET BY FORM
- Blankets
- Particles
- Blocks
- Panels
MARKET BY APPLICATION
- Building insulation
- Oil & gas
- Aerospace
- Automotive thermal management
- Industrial & cryogenics
- Other applications
Companies Mentioned
- Acoustiblok UK Ltd.
- Active Space Technologies
- Airglass AB
- American Aerogel Corporation
- Aspen Aerogels Inc.
- BASF SE
- Cabot Corporation
- Dow Corning Corp.
- JIOS Aerogel
- Svenska Aerogel AB
For more information visit http://www.researchandmarkets.com/research/spk8ps/global_aerogel
