Aerogel Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70473
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The aerogel market has the potential to grow by USD 392.69 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.30%.

This aerogel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (oil and gas, construction, AMA, daylighting and LVHS, and others) and geography (North America, Europe, APAC, South America, and MEA). The aerogel market report also offers information on several market vendors, including Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., and JIOS Aerogel Corp. among others.

What will the Aerogel Market Size be in 2021?

Aerogel-Market-Market-Size-2020-2025

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Aerogel Market: Key Drivers and Trends

The growing demand as a light-weight and thinner substitute is notably driving the aerogel market growth, although factors such as high cost of production may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aerogel industry get your FREE report sample now.

  • The growing demand for light-weight and thinner substitutes for insulation materials is one of the primary factors driving the aerogel market growth.
  • With the need to minimize energy consumption and implementation of stringent building insulation standards, the demand for a substitute of traditional products is rising.
  • Aerogels can be used as an ideal replacement for traditional insulation materials due to low thermal conductivity and lesser space occupation.
  • The growing use of aerogel in apparels for colder temperatures is one of the major aerogel market trends.
  • A 3 mm layer of aerogel can protect the human body at temperatures of up to -50⁰C.
  • Aerogel exhibits several properties like fire and water resistance, thermal resistance, and flexibility, which makes it ideal for winter clothing.

This aerogel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aerogel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Active Aerogels
  • Aerogel Technologies LLC
  • Aerogel UK Ltd.
  • Aspen Aerogels Inc.
  • BASF SE
  • Cabot Corp.
  • ENERSENS SAS
  • Green Earth Aerogel Technology SL
  • Guangdong Alison Hi-Tech Co. Ltd.
  • JIOS Aerogel Corp.

 

The aerogel market is concentrated and the vendors are deploying growth strategies such as offering products with differentiation and expanding their product portfolios to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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 market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aerogel Market?

Aerogel-Market-Market-Share-by-Region-2020-2025

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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for aerogels in North America. Market growth in this region will be faster than the growth of the market in South America.

The growing use of aerogel materials in automotive, marine, and aerospace applications will facilitate the aerogel 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.

What are the Revenue-generating Application Segments in the Aerogel Market?

Aerogel-Market-Market-Share-by-Application-2020-2025

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The aerogel market share growth by the oil and gas segment will be significant during the forecast period. The demand for aerogel in this segment is driven by the need for low thickness and superior insulation materials. Aerogel is used for transporting unprocessed hydrocarbons over long distances in a temperature-sensitive environment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aerogel market size.

 

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What are the Key Factors Covered in this Aerogel Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aerogel market growth during the next five years
  • Precise estimation of the aerogel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aerogel industry across North America, Europe, APAC, 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 market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aerogel market growth will increase by $392.69 million during 2020-2025.
The aerogel market is expected to grow at a CAGR of 10.30% during 2020-2025.
Technavio has segmented the aerogel market by application (Oil and gas, Construction, AMA, Daylighting and LVHS, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., JIOS Aerogel Corp. are a few of the key vendors in the aerogel market.
North America will register the highest growth rate of 40.13% among the other regions. Therefore, the aerogel market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • Japan
  • China
  • Germany
The key factors driving the aerogel market growth are:
  • Growing demand as a light-weight and thinner substitute
The aerogel market vendors should focus on grabbing business opportunities from the oil and gas segment as it accounted for the largest market share in the base year.
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