The global silica aerogel market is anticipated to rise at CAGR of 22.6% in the forecast period. Silica aerogel industry witnessed rapid developments in the past two decades and is expected to witness faster progress in production of porus materials. Porus materials are of prime importance in various applications such as sensing, adsorption, catalysis and sensing due to their surface properties and adjustable framework. Aerogels are specially known for small pore size, substantial specific area, and best transmission. Silicon aerogels have gained prominence, as they possess a wide spectrum of properties such as high optical transmission, high porosity, and low dielectric constant.
Silica aerogel market is driven by factors like increasing demand for oil and gas, building and construction, performance coatings, and aerospace. Rise in expansion of building and construction industry is likely to affect the market growth in the near future. In addition, increase in use of semiconductors due to rise in proliferation of electronic devices and technological advances in imaging devices. Rise in demand for silica aerogel due to increasing infrastructure in industrial processes drives the market growth during the forecast period. Product segmentation for silica aerogel market includes blanket, panel, particle and monolith. Blanket constitutes a largest segment accounting for a strong market position followed by monolith, particle and panel. End-use segmentation for aerogel market includes building & construction, automotive, aerospace, performance coatings and oil & gas. Technological segment for silica aerogel market includes supercritical drying and others.
Geographical segmentation for silica aerogel market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the market growth in the forecast period owing to positive demand from commercial and residential spaces for oil and gas. Europe market accounts for a larger market share owing to increase in R&D and development of new applications. Middle East and African regions account for a significant market share owing to ready availability of raw materials for production of industrial tools.
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The key players in the silica aerogel market include Aspen Aerogels Inc, Cabot Corporation, BASF SE, Dow Corning Corporation and Aerogel Technologies LLC. The players have a strong foothold in R&D with an established international network and branded products. The report segments the market and forecasts its size, by volume and value, on the basis of product, by application, and by geography (North America, Europe, Asia-Pacific, MEA and South America).
The report covers forecast and analysis for the silica aerogel market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the silica aerogel market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the silica aerogel market on a global level. The report has been prepared based on the synthesis, analysis, and interpretation of information about the global silica aerogel market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
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The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global silica aerogel market.
Key Regions
– North America
– Europe
– Asia Pacific
– Middle East and Africa
– South America
Key Vendors
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Key Questions Answered in this Report
– What will the market size be in 2023?
– What are the key factors driving the global silica aerogel market?
– What are the challenges to market growth?
– Who are the key players in the silica aerogel market?
– What are the market opportunities and threats faced by the key players?
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