The global aerogel market is
segmented into application such as oil & gas, marine & aerospace,
performance coatings, LVHS, day-lighting, automotive and construction. Among
these segments, construction segment is likely to grow at a considerable pace
over the forecast period. Improvements in the fragility and brittleness of
aerogels have made them ideal for construction industry. Further, properties of
aerogels such as light weight and low thermal conductivity element are key
factors which are expected to bolster the growth of this segment over the
forecast period.
Global
aerogel market is expected to register a 13.2% CAGR over the
forecast period. Moreover, the global aerogel market was valued at USD 312.5 Million
in 2015 and is expected to reach at USD 1,896.2 Million by the end of 2021. The
market is expected to expand on the back of rapid introduction of new applications
of aerogels in numerous industries such as construction, marine & aerospace
and others. Further, distinctive properties of aerogels and high demand for
aerogel in development of products such as wetsuits, firefighter suits, paints,
cosmetic products and nuclear
weapons are envisioned to bolster the growth of market of aerogel in near
future.
The silica segment by product
type is showcasing great potential and is likely to grow at a remarkable pace during
the forecast period. Rising demand for high thermal resistance products is
envisioned to bolster the growth of this segment over the forecast period.
Additionally, favorable government
policies in order to adopt efficient silicates due to their numerous properties
such as light weight and others is believed to fuel the growth of silica
aerogel market in near years.
Increasing Demand
in Cosmetic Industry
Aerogel finds a numerous applications in cosmetic
industry. Aerogels have a number of properties such as it can observe oil &
moister and easily incorporates into various skin and beauty product
formulations. This factor is projected to bolster the growth of aerogel market
in upcoming years.
Rapid Industrialization
Increasing number of industries
and rapid introduction of new applications of aerogel in various industries
including aerospace, cosmetic, clothing and others are key factors which are
likely to bolster the growth of market in upcoming years.
However, high production cost
and availability of alternatives are some of the factors that are likely to
inhibit the growth of the aerogel
market in the near future.
The
report titled “Aerogel
Market : Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global aerogel market in terms of market segmentation by application, by
product type, by forms, by process and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global aerogel market
which includes company profiling of Aspen
Aerogels Inc., Cabot Corporation, Aerogel Technologies LLC, BASF SE, Dow
Corning Corporation., Insulgel High-Tech, NanoPore Incorporated, JIOS Aerogel
and Enersens Aerogels. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global aerogel
market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/aerogel-market-global-demand-analysis-opportunity-outlook-2021/21
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
No comments:
Post a Comment