The aerogel blanket market size has the potential to grow by USD 473.30 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 18.28%.
This report provides a detailed analysis of the market by end-user (energy, construction, AA and M, and others), geography (North America, APAC, Europe, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Active Aerogels
- Aerogel Technologies LLC
- Aspen Aerogels Inc.
- BASF SE
- Cabot Corp.
- Green Earth Aerogel Technology SL
- Huatao Group Ltd.
- JIOS Aerogel Corp.
- Nano Technology Co. Ltd.
- Thermablok Aerogels Ltd.
The aerogel blanket market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing application of aerogel blankets in aerospace to achieve growth opportunities. However, factors such as commercialization constraints associated with aerogel blankets will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the aerogel blanket market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This aerogel blanket market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Aerogel Blanket Market: Key Drivers and Trends
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Aerogel Blanket Market: Segmentation by Geography
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45% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for aerogel blankets in North America. However, market growth in this region will be slower than the growth of the market in APAC, Europe, and MEA.
The rising concerns over building emissions in developed economies is one of the prime factors that will facilitate the aerogel blanket market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Aerogel Blanket Market: Segmentation by End-user
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The growth of the energy segment was primarily driven by the growing demand for aerogel blanket insulation in oil refineries and in liquefied natural gas (LNG) pipelines. Countries such as the US, China, and the Middle East are actively investing in the oil and gas sector to maximize crude oil output in the region. Therefore the growth of the market segment is expected to be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aerogel blanket market size. Fetch actionable market insights on post COVID-19 impact on each segment.
Aerogel Blanket Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aerogel blanket market growth during the next five years
- Precise estimation of the aerogel blanket market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aerogel blanket industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aerogel blanket market vendors
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