Aerogel Market Set for 11.3% CAGR Surge in 2024-30 Outlook

By
Annaya Mishra
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Aerogel Market

Market Overview: Global Aerogel Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Aerogel Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Aerogel Market Insights 2024-30

The Global Aerogel Market is projected to grow at around 11.3% CAGR during the forecast period, i.e., 2024-30.

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Top Players in the Aerogel Market:

  • Enersens
  • Dow Inc.
  • Nano Technology Co., Ltd
  • JIOS Aerogel Corporation
  • BASF SE
  • Active Aerogels, LDA
  • Aerogel Technologies, LLC
  • Cabot Corporation
  • Aspen Aerogels, Inc
  • Svenska Aerogel AB
  • Thermablok Aerogels Limited
  • Guangdong Alison Hi-Tech Co., Ltd.
  • Others

Segmentation Analysis of Aerogel Market

Aerogel Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By End-User

  • Oil & Gas
  • Building & Construction
  • Automotive, Aerospace, & Marine
  • Performance Coatings

Here, the oil & gas sector is projected to acquire a significant market share during 2024-30. It owes to the massive use of aerogel materials for thermal insulation in pipelines, subsea equipment, & refineries. The oil & gas industry transports huge amounts of raw oil through pipes, where aerogels help avoid leaks, and their chemical inertness makes them excellent for pipe insulation & security.

Aerogel blankets are used for improving the insulation of deep-sea pipes and oil & gas pipelines to reduce the production cost, enhance pipeline compression resistance, and reduce the amount of steel used in pipeline construction. Moreover, the hydrophobicity, mechanical strength, & exceptional thermal performance of aerogels also contribute to their extensive use in the oil & gas sector, i.e., spurring growth in the global aerogel market.

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-By Product

  • Silica
  • Polymer
  • Carbon
  • Others

-By Processing

  • Virgin
  • Composites & Additives

-By Form

  • Blanket
  • Particle
  • Panel
  • Monolith

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America currently dominates the Aerogel Market both in terms of production & consumption, and the same trend is likely over the forecast period. It owes to the ever-increasing demand for aerogels from aerospace, building & construction, automotive, and oil & gas industries, coupled with the well-established manufacturing infrastructure and strong research & development activities. Besides, the rising focus on energy efficiency, sustainable construction, & advanced manufacturing techniques, and stringent regulations & energy efficiency standards, particularly in the construction sector, are other prominent aspects fueling the regional market growth.

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