Aerogel Market Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2030
According to the most recent analysis by Emergen Research, the worldwide aerogel market reached USD 703.0 Million in 2021 and is anticipated to grow at a rate of 10.8% during the projected period. Increasing initiatives and focus on reducing carbon emissions, rising need for improved insulating materials, and the accessibility of silica aerogels are some of the major factors propelling the growth of the worldwide aerogel market.
Aerogel is a porous, synthetic, extremely light-weight, moisture-resistant substance with a large surface area and low density. It is made by freezing or supercritical drying the liquid portion of a gel to extract it. One of the best available insulating materials is aerogel, a solid, translucent substance.
Because of its high thermal resistance, it has enormous potential for usage in petrochemical and oil & gas applications. Aerogels made of silica also have the capacity to combine great optical transparency with low thermal conductivity. Sensors, laser experiments, imaging devices, waste management, thermal insulation, electronic devices, catalyst, and other applications utilise or contemplate using silica aerogels.
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Some Key Highlights from the Report
- Over the course of the projected period, the blanket segment is anticipated to post a relatively strong rate of sales growth. It was the first commercial aerogel form utilised for a variety of purposes, including thermal insulation in homes and businesses.
- Due to increased investment by top firms and research & development activities for aerogel products, the Asia Pacific market is anticipated to grow at the quickest rate over the forecast period. This region’s aerogel market is expanding as it is increasingly used in industries including pharmaceuticals, transportation, and automobiles.
- Some major companies in the global market report include Aspen Aerogels, Inc., Cabot Corporation, Aerogel Technologies, LLC, Guangdong Alison Hi-Tech Co., Ltd., Active Aerogels, Enersens, JIOS Aerogel Corporation, Armacell, Svenska Aerogel AB, and Green Earth Aerogel Technologies.
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Emergen Research has segmented the global aerogel market on the basis of product type, form, processing, application, and region:
Product Type Outlook (Revenue, USD Million; 2019–2030)
- Metal Oxide
- Metal Chalcogenides
Form Outlook (Revenue, USD Million; 2019–2030)
Processing Outlook (Revenue, USD Million; 2019–2030)
Application Outlook (Revenue, USD Million; 2019–2030)
- Oil & Gas
- Performance Coating
- Day-Lighting & LVHS
- Industrial & Cryogenics
Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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