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Aerogel Market worth $1361.7 million by 2027

 



(EstateNewsWire.com, July 17, 2019 ) The report "Aerogel Market by Type (Silica, Polymer, and Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (Virgin, Composites, and Additives), Application (Oil & Gas, Construction, Transportation, and Performance Coating) – Global Forecast to 2027".Aerogel Market is estimated at USD 505.5 million in 2018 and is projected to reach USD 1,361.7 million by 2027

Request for PDF of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=714

Superior thermal resistance coupled with the thinner and lighter nature of aerogel is expected to drive the aerogel market during the forecast period. Aerogels have a thermal efficiency which is 2–4 times higher than that of conventional insulation materials such as glass filled foams, fibers, and metals. In addition, water- repellent/waterproof characteristic makes aerogel ideal for external insulation in various applications.

The polymer segment is projected to register the highest CAGR during the forecast period

The aerogel market is segmented on the basis of typeinto silica, polymer, carbon, and others (metal, metal oxides, metal chalcogenides, and quantum dots). The polymer segment of the aerogel market is projected to register the highest CAGR during the forecast period. Polymer aerogels are mechanically stronger than silica aerogels and hence are highly demanded by end-use industries.

The oil & gas segment to account for the major share of the market till 2027

The oil & gas segment is estimated to be the largest application of aerogel. This dominance is projected to continue till 2027. The rising demand for advanced insulation materials in the oil & gas application is fueling the growth of the aerogel market.

Don't miss out on business opportunities in Aerogel Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=714

Browse in-depth TOC on "Aerogel Market”
94 - Market Data Tables
42 - Figures
138 - Pages

North America to be the largest market during the forecast period

The aerogel market is broadly segmented into five regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. North America is the largest market, followed by APAC. The growing use of aerogel materials in the automotive, marine, and aerospace applications in North America is expected to drive the aerogel market in the region 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).

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=714

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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