Aerogel Market Size, Trends and Analysis By 2027
Aerogel Market Overview:
Aerogel, also known as frozen smoke, refers to a translucent and synthetic solid-state substance with extremely low density and excellent thermal insulation properties. It is commonly produced by replacing the liquid element of the gel with gas in a high-temperature environment. Aerogel is light in weight and has a high surface area. It is widely utilized in numerous industrial and commercial applications across the globe.Aerogel Market
The global aerogel market size reached US$ 788.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,391.6 Million by 2027, exhibiting a growth rate (CAGR) of 10.09% during 2022-2027.
Aerogel Market Trends:
The expanding applications of this substance in various end-use industries are primarily driving the aerogel market. For instance, aerogel is extensively used in the construction sector, including as a superlight concrete and wall insulator, as well as in the aerospace sector, where it is a critical component in manufacturing fire suits, spacecraft, vehicles, etc., due to its superior thermal insulation properties. Apart from this, aerogel is also gaining popularity in the electronics and oil and gas industries across countries owing to its beneficial characteristics. Moreover, the rising levels of investments in research and development (R&D) activities are further augmenting the market growth. In addition to this, the introduction of new and innovative product variants by manufacturers, such as polymer-based aerogels with enhanced strength and flexibility, to expand their consumer base and market share is expected to fuel the aerogel market in the coming years.
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Competitive Landscape with Key Players:
The competitive landscape of the aerogel market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Some of these players are:
- Aspen Aerogels, Inc.
- BASF SE
- Cabot Corporation
- The Dow Chemical Company
- JIOS Aerogel Corporation
- Svenska Aerogel Holding AB
- Enersens SAS
- Active Aerogels
- Nano Tech Co., Ltd.
- Guangdong Alison Hi-Tech Co., Ltd.
- Intelligent Insulation
- Surnano Aerogel Co. Ltd.
- TAASI Corporation
- Protective Polymers Ltd.
- Green Earth Aerogel Technologies Limited
Key Market Segmentation:
The report has categorized the market based on processing, type, form, application and region.
Breakup by Processing:
Based on Type:
Breakup by Form:
Analysis by Application:
- Oil and Gas
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of The Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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