A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Aerogel Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Aerogel Market Definition:
Aerogels are unique materials known for their extremely low density and exceptional thermal insulation properties. They are composed of interconnected nanoparticles, typically made from silica, carbon, or metal oxides, and often referred to as "frozen smoke" or "solid air" due to their translucent appearance lightweight nature.
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Global Aerogel Market Insights:
The Global Aerogel Market is projected to grow at around 11.3% CAGR during the forecast period, i.e., 2023-28.
Global Aerogel Market Driver:
Key Driver: Mounting Demand for Energy-Efficient Sustainable Materials across Industries: Aerogel offers exceptional thermal insulation properties and has a lightweight structure high porosity, which makes it an attractive material for applications that need effective thermal management, such as building insulation, oil gas pipelines, automotive components, and aerospace insulation. The rising awareness emphasis on energy conservation and stringent government regulations toward reducing energy consumption are instigating the demand for efficient insulation materials like aerogel, the superior thermal performance of which enables significant energy savings by reducing heat transfer and heating cooling requirements, thereby driving the Global Aerogel Market.
Global Aerogel Market Leading Key Players:
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, and Guangdong Alison Hi-Tech Co., Ltd., Others
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Global Aerogel Market Segmentation:
Based on Product
- Silica
- Polymer
- Carbon
- Others
Based on Processing
- Virgin
- Composites Additives
Based on Form
- Blanket
- Particle
- Panel
- Monolith
Based on End-Use
- Oil Gas
- Building Construction
- Automotive, Aerospace, Marine
- Performance Coatings
- Others
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Global Aerogel Market Geographical Analysis
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Recent Development of Global Aerogel Market:
On 17 May 2023, Cabot Corporation developed a new ENTERA aerogel particles portfolio with three aerogel products that formulators can incorporate into thermal barrier blankets, pads, sheets, films, foams, coatings. These particles are thermal insulation additives that provide “ultra-thin” thermal barriers for lithium-ion EV batteries.
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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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