The global aerogel market size
is expected to reach USD 3.29 billion by 2025, according to a new report by
Grand View Research, Inc., exhibiting a 22.6% CAGR during the forecast period.
The market is majorly driven by growing demand from various end-use industries
such as oil and gas, building and construction, automotive, aerospace and
marine, and performance coatings. Robust expansion of the building and
construction industry will positively impact demand for aerogel over the
forecast period as number of residential and commercial construction projects
rise across the globe.
North America was the
largest regional market in 2016 in terms of revenue, driven by robust growth in
various end-use industries, especially in U.S. Furthermore, positive outlook of
the oil and gas industry is expected to boost demand over the next few years.
Aerogel offers several advantages such as low installation costs and improved
pipeline compression resistance.
The market is fragmented
in nature and is marked by presence of several global as well as regional
players. Key players include Aspen Aerogels Inc.; Cabot Corporation; Aerogel
Technologies LLC; BASF SE; and Dow Corning Corporation. The vendor landscape is
characterized by new product launches as manufacturers are investing on R&D
activities to increase their market presence across geographies.
Access Research Report of Aerogel Market@:
Further key findings from the repot suggest:
· By product, the silica-based aerogel
segment was valued at USD 394.67 million in 2016. Silica is the most commonly
used aerogel and is widely used for insulation purposes in various industries
such as oil and gas, construction, and automotive
· Blanket emerged as the largest form segment
in 2016, accounting for 70.3% of the global revenue. Monolith, particle, and
panel together made up for rest of the global revenue.
· On the basis of end use, the building and
construction sector is slated to hold the largest market share by 2025 in terms
of revenue. Space heating consumes most of the energy in homes and efforts are
being taken to increase the usage of aerogel for insulation
· By technology, supercritical drying was
estimated to be the largest segment in 2016, accounting for 78.1% of the global
revenue
· Europe was the second-largest market,
driven by projects such as AerSUS (run by a group of companies and research
institutions to develop new aerogel applications and products for the aerospace
industry). Such initiatives are expected to result in the further expansion of
the aerogel market in Europe
· The global aerogel market is highly
competitive with a handful of key players such as Aspen Aerogels and Cabot
Corporation holding a majority share of the market. These players have a
stronghold in R&D, better intellectual properties, established and
well-recognized products, and brands, thereby making it difficult for new
players to compete in the market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has
segmented the global aerogel market on the basis of product, form, end use,
technology, and region:
Aerogel Product Outlook (Revenue, USD Million, 2014 -
2025)
·
Silica
·
Polymer
·
Carbon
·
Others
Aerogel Form Outlook (Revenue, USD Million, 2014 - 2025)
·
Blanket
·
Particle
·
Panel
·
Monolith
Aerogel End-use Outlook (Revenue, USD Million, 2014 -
2025)
·
Oil & Gas
·
Building & Construction
·
Automotive, Aerospace & Marine
·
Performance Coatings
·
Others
Aerogel Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Supercritical Drying
·
Other Drying
Aerogel Regional Outlook (Revenue, USD Million, 2014 -
2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Press Release of
Aerogel Market@: www.grandviewresearch.com/press-release/global-aerogel-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
No comments:
Post a Comment