Aerogel Market Revenue Predicted To Go Up at USD 3.29 Billion by 2025

in #steem6 years ago

The market is majorly driven by growing demand from various end-use industries such as oil and gas, building and construction, automotive, aerospace and marine, and performance coatings. Robust expansion of the building and construction industry will positively impact demand for aerogel over the forecast period as number of residential and commercial construction projects rise across the globe.

The Global Aerogel Market size is expected to reach USD 3.29 Billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 22.6% CAGR during the forecast period.

North America was the largest regional market in 2016 in terms of revenue, driven by robust growth in various end-use industries, especially in U.S. Furthermore, positive outlook of the oil and gas industry is expected to boost demand over the next few years. Aerogel offers several advantages such as low installation costs and improved pipeline compression resistance.

The market is fragmented in nature and is marked by presence of several global as well as regional players. The vendor landscape is characterized by new product launches as manufacturers are investing on R&D activities to increase their market presence across geographies.

To Know More About Aerogel Market Please Visit Us @ https://goo.gl/MiESX5

Aerogel.jpg

Top Players of Aerogel Market:

Major companies in the global market include Aspen Aerogels, Inc.; Cabot Corporation; Aerogel Technologies LLC; Nano High-Tech Co., Ltd.; Active Aerogels; Dow Corning Corporation; BASF SE; and American Aerogel Corporation. Aspen Aerogels and Cabot Corporation hold significant shares in the global arena on account of their patented technologies.

Market Segmentation of Aerogel Market:

The Global Aerogel Market segmented on the basis of Product, Form, End Use, and Technology.

By Product:

Silica
Polymer
Carbon

By Form:

Blanket
Particle
Panel
Monolith

By End-Use:

Oil & Gas
Building & Construction
Automotive, Aerospace & Marine
Performance Coatings

By Technology:

Supercritical Drying
Other Drying

Inquire about Aerogel Market with Our Experts @ https://goo.gl/wjujKi

Sort:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.grandviewresearch.com/press-release/global-aerogel-market

Congratulations @shaktiman! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!