Jan 10, 2018   SOURCE: BusinessWire

Global Aerogel Market Analysis 2017 and Forecasts 2018-2022 - Superior Thermal Resistance Driving the Projected $785 Million Market - Research and Markets

The "Aerogel Market by Type (Silica, Polymer & Carbon), Form (Blanket, Panel, Particle & Monolith), Processing (Virgin, Composites & Additives), Application (Oil & Gas, Construction, Transportation & Performance Coating) - Global Forecast to 2022" report has been added to Research and Markets' offering.

The aerogel market is estimated at US$453.0 Million in 2017 and is projected to reach US$785.4 million by 2022, at a CAGR of 11.6% between 2017 and 2022.

Superior thermal resistance and lighter and thinner nature of aerogels are key factors that are expected to drive the aerogel market during the forecast period.

North America is the largest aerogel market globally, mainly due to strong consumer awareness and rising demand from the oil & gas and construction applications. Additionally, the strong foothold of key market players in the region is also fueling the growth of the aerogel market in this region. The APAC aerogel market is projected to register the highest CAGR during the forecast period. The increased focus on R&D by emerging players in the APAC is the major factor for this high growth.

The superior thermal resistance of aerogels is expected to drive the market during the forecast period. Aerogels have a thermal efficiency that is two to four times greater than conventional insulation materials such as glass filled foams, fibers, and metals. However, the high manufacturing cost, the poor mechanical strength of aerogels, and requirement of extensive R&D are expected to restrain market growth during the forecast period.

Some of the key players in the aerogel market include Aspen Aerogels (US), Cabot Corporation (US), Aerogel Technologies (US), Nano High-Tech (China), Guangdong Alison Hi-Tech (China), Active Aerogels (Portugal), Enersens (France), Jios Aerogel (South Korea), BASF (Germany), and Svenska Aerogel (Sweden).

Market Dynamics

Drivers

  • Superior Thermal Resistance
  • Thinner And Lighter Alternative
  • Environmental Friendly Material
  • Demand from the Construction Application

Restraints

  • High Manufacturing Cost
  • Poor Mechanical Strength

Opportunities

  • Potential Substitute for Conventional Insulation Materials
  • New Applications in Apparel Market
  • Growing Applications in Day-Lighting Segment
  • Enormous Demand from Lvhs Segment

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Aerogel Market, By Type

7 Aerogel Market, By Form

8 Aerogel Market, By Processing

9 Aerogel Market, By Application

10 Aerogel Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Active Aerogels
  • Aerogel Insulation India
  • Aerogel Technologies
  • Aerogel Uk
  • Aspen Aerogels
  • Basf
  • Blueshift International Materials
  • Cabot Corporation
  • Dow Corning
  • Enersens
  • Gelanggang Kencana
  • Green Earth Aerogel Technologies
  • Guangdong Alison Hi-Tech
  • Intelligent Insulation
  • Jios Aerogel
  • Nano High-Tech
  • Ocellus
  • Protective Polymers
  • Surnano Aerogel
  • Svenska Aerogel
  • Taasi Corporation

For more information about this report visit https://www.researchandmarkets.com/research/tcqfs6/global_aerogel?w=4