Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Aerogel Market, The Global Aerogel Market is projected to grow at around 11.3% CAGR during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Aerogel Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- CAGR (2024-2030): 11.3%
Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”
Request for a Free PDF Sample of the Report – https://www.marknteladvisors.com/query/request-sample/aerogel-market.html
Global Aerogel Market Segmentation Breakdown:
The Aerogel Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product
- Silica
- Polymer
- Carbon
- Others
Of them all, silica aerogel holds the largest share of the Global Aerogel Market, which owes to its excellent thermal insulation properties, lightweight nature, low cost, & high porosity, coupled with its versatility & compatibility with different industries like building & construction, oil & gas, electronics, aerospace, & automotive.
- By Processing
- Virgin
- Composites & Additives
- By Form
- Blanket
- Particle
- Panel
- Monolith
- By End-Use
- Oil & Gas
- Building & Construction
- Automotive, Aerospace, & Marine
- Performance Coatings
- Others
Here, the oil & gas sector is projected to acquire a significant market share during 2024-30. It owes to the massive use of aerogel materials for thermal insulation in pipelines, subsea equipment, & refineries.
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, North America currently dominates the Aerogel Market both in terms of production & consumption, and the same trend is likely over the forecast period.
MarkNtel Advisors Highlights Key Market Drivers for Aerogel Market:
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.
A Comprehensive Analysis of Leading Companies in Global Aerogel Market
- 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
- Guangdong Alison Hi-Tech Co., Ltd.
- Intelligent Insulation
- Aerogel UK
- Green Earth Aerogel Technologies
- Tassi Corporation
- Protective Polymers
- Others
Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/aerogel-market.html
Global Aerogel Market Recent Development:
- 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.
- On 23 March 2023, Alkegen began commercial production of its new silicon fiber anode material, SiFAB, at its large-scale manufacturing facility in New Carlisle, Indiana, to meet the growing demand from customers across a wide range of industries, including EVs, renewable energy storage, and consumer electronics.
- On 10 February 2023, Svenska Aerogel reached an important milestone by completing the first of three work packages of a collaboration agreement with a world-leading producer within the process industry to optimize the use of Quartzene[®] in the customer’s product.
What are the growth Restraint driving the Global Aerogel Market?
Aerogel is a highly specialized material that involves complex manufacturing processes and precise control over parameters like temperature & pressure, which results in its relatively higher production cost than other conventional insulation materials. In addition, silica is a key component in aerogel manufacturing, and any fluctuations in its availability or price also affect the overall production & supply of aerogel products. Although aerogel offers excellent thermal insulation properties and finds applications in various industries, its adoption has been limited due to low awareness among end-users, lack of standardization, and the need for customized solutions to fit certain applications. Hence, these aspects are projected to restrain the growth of the Global Aerogel Market during 2024-30.
“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/aerogel-market.html
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
More Research Studies:
- Discover the Europe Testing, Inspection & Certification market, projected to grow from USD 59.19 billion in 2024to USD 78.92 billion by 2030 at a CAGR of 5.92%.
- Biocomposites Market size was valued at around USD 36.9 billion in 2024and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.
- The Almond Butter Market is valued at USD 1.03 billion in 2024and is expected to reach USD 1.56 billion by 2030, growing at a CAGR of 7.19%
Media Contact:
Company Name: MarkNtel Advisors
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081, +91 120 4278433
Website: www.marknteladvisors.com/
0 Comments