Aerogel Market is projected to witness a compound annual growth rate of 20.02% to grow to US$1.289 billion in 2022, increasing from US$0.518 billion in 2017
Aerogel is a mesoporous solid foam derived by replacement of the liquid component of the gel with a gas and is composed of an interconnected nanostructure network with minimum 50% porosity. Increasing adoption and demand from various end-use industries including oil & gas, building & construction, automotive, aerospace & marine, and performance coatings is expected to significantly impact the growth of the Aerogel Market during the forecasted period.
Other major factors propelling growth include an Increasing focus on infrastructure development in emerging economies and Shifting preference from silicon towards polymer product Technological advancements have resulted in companies focusing on developing eco-friendly aerogels that comply with the regulations implemented by regulatory bodies, hence reaching out to more customers.
New product launches along with agreements & partnerships by key players is also expected to stimulate market expansion over the projected period. However, the high production cost is a major restraining factor for this market. The manufacturers are trying to overcome this by extensive R&D activities.
Key industry players profiled as part of this section are American Aerogel Corporation, Cabot Corporation, Aspen Aerogel Inc, Dow Corning Corporation, Airglass AB, JIOS Aerogel, Active Space Technologies, Acoustiblok UK Ltd among others.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Aerogel Market Forecast by Raw Material (US$ billion)
6. Aerogel Market Forecast by Forms (US$ billion)
7. Aerogel Market Forecast by Applications (US$ billion)
8. Aerogel Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- American Aerogel Corporation
- Cabot Corporation
- Aspen Aerogel
- Dow Corning Corporation
- JIOS Aerogel
- Active Space Technologies
- Acoustiblok UK
For more information about this report visit https://www.researchandmarkets.com/research/dxb9ff/aerogel_market