NEW YORK, Aug. 10, 2016 /PRNewswire/ -- The global aerogel market is projected to reach up to USD 690 million by the end of 2021, growing with a CAGR of 24.6% from 2016 to 2021. Aerogel is a low density, highly porous, solid material which possesses various features such as high thermal resistance, low optical index of refraction, low dielectric constant, high specific surface area, and superlative thermal, acoustic, and impact damping properties. Various end-use markets such as oil & gas, construction, automotive, marine, & aerospace among others are expected to drive the aerogels market across the globe. Moreover, the fact that the aerogel is being witnessed as a valuable replacement for thermal insulation materials, since it is providing cost competitiveness to other high performance thermal insulating materials plays a major role in driving the market globally.
The report segments the global aerogel market by type, form, processing, application, and region. The types include silica, polymer, and carbon. Similarly, the forms include blanket, panel, particle, and monolith, whereas the processing types include virgin and fabricated. The application covered in the report include Oil & Gas, Construction, Automotive, Marine & Aerospace, Performance Coatings, Day Lighting, & LVHS.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among the various regions covered, North America dominated the global aerogel market whereas on the basis of countries, U.S. and China are projected to dominate the global aerogel market.
The companies covered in the report include Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Corporation (South Korea) and BASF SE (Germany).
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of aerogel globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of aerogel. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the aerogel market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the aerogel market to understand the present and future trends in this market and formulate their strategies accordingly.
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