Global Aerogel demand is expected to be valued at US$ 1.5 billion in 2022, rising at a CAGR of 17% to US$ 7.5 billion from 2022 to 2032. North America lead the global market due to technological improvements, followed by Asia Pacific.

Due to its low thermal conductivity, the market is projected to be pushed by the rapid development of aerogel for high-temperature insulation, primarily in the oil and gas industry. The 2020 global pandemic has a big impact on the market. The compulsory lockdowns in numerous locations prompted a delay in new insulation construction in the oil and gas industry, resulting in curtailed market growth.

Thin polymer aerogels are being researched by industry companies for use in shelter applications such as insulated tents, historic structure renovation, and other insulation needs. Interior insulation solutions for building conversion, thin facade insulation for historical monument repair, roof balcony, and side balcony constructions are all becoming increasingly popular.

What role does Europe play in the growth of the aerogel market?

According to Future Market Insights, demand for aerogel is predicted to expand throughout Europe due to ongoing recovery efforts, energy efficiency, and insulation laws. Demand is being driven by Western European countries such as Germany, the United Kingdom, France, and Sweden.

Energy conservation regulations in a range of industries, including oil and gas, construction, and residential development, are increasing need for new insulating materials in the region, which is raising demand for aerogels. Lightweight and high-performance materials are in high demand in the automotive and other industrial sectors that contribute to the growing aerogel industry. Cabot Corporation's European operations dominate the European aerogel market.

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Aerogel Market: Key Segmentation

Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.

Product Type:

• Silica Aerogel
• Polymer Aerogel
• Carbon Aerogel

Application Industry:

• Aerogels for Oil & Gas
• Aerogels for Marine & Aerospace
• Aerogels for Performance Coating
• Aerogels for LVHS
• Aerogels for Day-Lighting
• Aerogels for Automotive
• Aerogels for Construction

Form:

• Monolith Aerogel
• Blanket Aerogel
• Article Aerogel
• Panel Form Aerogel

Processing:

• Virgin Processed Aerogel
• Fabricated Aerogel

Aerogel Market: Competitive Evaluation

The FMI’s Aerogel market report provides a comprehensive analysis on key players operating in the Aerogel market. Some of the key players are:

• Cabot Corp
• BASF SE
• Aerogel Technologies LLC
• Aspen Aerogels, Inc.

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

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