Key Drivers and Market Trends
The Global Aerogel market is projected to grow by $ 392.69 million, accelerating at a CAGR of over 10.30% till 2025 owing to factors such as the growing demand for a light-weight and thin substitute for insulation materials. Aerogels are an ideal replacement for traditional insulation materials due to low thermal conductivity and less consumption of space. The need to minimize energy consumption and the implementation of stringent building insulation standards will help to drive growth
In addition, there is a growing trend of using Aerogel in the apparel market to cater to the needs of cold regions. This is because of the physical properties of aerogel which enable a 3 mm layer of aerogel to protect the human body at extreme temperatures of - 50°C. This would result in the development of lighter clothing for cold regions than is currently available. The use of aerogel will be beneficial to mountaineers who usually carry heavy luggage to protect themselves from adverse conditions. Other properties of aerogel, such as fire and water resistance, thermal resistance, and flexibility, make it ideal for winter clothing applications.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Aerogel Market: Segments and Geographical Regions
Aerogel Market: Vendor Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Aerogel Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the aerogel market and it is expected to grow by $ 392.69 mn, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Aerogel Market: Key Trends to impact market growth
The is one of the key aerogel market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Aerogel Market: Top Drivers to Boost Demand
The Growing demand as a light-weight and thinner substitute is one of the primary factors driving the growth of the aerogel market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Active Aerogels, Aerogel Technologies LLC and Aerogel UK Ltd. are key growth contributors
The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., and JIOS Aerogel Corp. are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Aerogel Market: Key Highlights of the Report for 2021-2025
The aerogel market has the potential to grow by USD 392.69 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.30%.
This aerogel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (oil and gas, construction, AMA, daylighting and LVHS, and others) and geography (North America, Europe, APAC, South America, and MEA). The aerogel market report also offers information on several market vendors, including Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., and JIOS Aerogel Corp. among others. View our Free Sample Report
Aerogel Market: Segmentation by Application
The aerogel market share growth by the oil and gas segment will be significant during the forecast period. The demand for aerogel in this segment is driven by the need for low thickness and superior insulation materials. Aerogel is used for transporting unprocessed hydrocarbons over long distances in a temperature-sensitive environment. 40% of the market growth will originate from North America during the forecast period. The US is a key market for aerogels in North America. Market growth in this region will be faster than the growth of the market in South America. The growing use of aerogel materials in automotive, marine, and aerospace applications will facilitate the aerogel market growth in North America over the forecast period.
The growing demand for light-weight and thinner substitutes for insulation materials is one of the primary factors driving the aerogel market growth. Aerogels can be used as an ideal replacement for traditional insulation materials due to low thermal conductivity and lesser space occupation. The growing use of aerogel in apparels for colder temperatures is one of the major aerogel market trends. A 3 mm layer of aerogel can protect the human body at temperatures of up to -50°C. Aerogel exhibits several properties like fire and water resistance, thermal resistance, and flexibility, which makes it ideal for winter clothing.
Aerogel Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., and JIOS Aerogel Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
