Silica Aerogel Market Current Trends Challenges Application Key Players Analysis

Posted by Moin Patni on August 20th, 2018

Silica Aerogel Market

Silica Aerogel Market Overview: Silica Aerogel Market growing industrialization and urbanization in the developing regions across the globe is expected to boost the market growth during the forecast period. Moreover, the growing energy demand has boosted the oil and gas sector, which, in turn, is adding to the growth of the market. The global silica aerogel is expected to grow at an expanding CAGR on account of increasing application of silica aerogel in the energy sector.

Silica Aerogel possesses a number of properties such as enhanced thermal insulation, cost-effective, and recyclable. Therefore, it is used in many end-user industries such as oil & gas, building insulation, aerospace & defence, and transportation.

Silica Aerogel are a synthetic ultra-light material derived from gel, where the liquid component of the gel is replaced with gas.  Aerogel can be of many types such as silicon, carbon, and polymers among others. Silica aerogels are most extensively used, which are derived by a modified stober process.

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Silica Aerogel Market Insight: Silica Aerogel Market Research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

The oil and gas segment dominated the global market in 2016 and is expected to continue the dominating over the forecast period 2017-2023. Excellent thermal insulations properties of silica aerogel facilitate its use in the oil and gas industry.

Silica Aerogel Market Key Players: Silica Aerogel Market Players are: BASF SE (Germany), The Dow Chemical Company (U.S.), Cabot Corporation (U.S.), Aspen Aerogels Inc. (U.S), Aerogel Technologies (U.S.), JIOS Aerogel Corporation (Korea), Svenska Aerogel Holding AB (Sweden), CF Technologies (U.S.), and Ocellus Inc (U.S.) among others.

Silica Aerogel Market Regional Analysis: Silica Aerogel Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Asia Pacific is the fastest growing market. North America is the second leading region across globe, which is closely followed by Europe. The North American silica aerogel market is expected grow at an expanding CAGR during the forecast period owing to the growing oil and gas activities post the shale gas boom. Silica aerogel is extensively used in the oil and gas industry in refineries, gas processing plants, and subsea piping. Moreover, the developed building and construction, and the automobile sectors are likely to contribute to the growth of the market during the forecast years.

Asia Pacific is expected to grow at a considerable CAGR during the review period. The rapid industrialization in the developing regions has augmented the use of silica aerogel in a wide range of applications such as oil & gas, automotive, and building insulation among others. The growing population mainly in India and China has boosted the oil and gas activities, which in turn, fuelled the demand for silica aerogel.

Silica Aerogel Market Geographical Analysis: The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Silica Aerogel Market Segmental Analysis: Silica Aerogel Market is segmented into form and end-use industry. On the basis of the form, the market is segmented into blanket, monolith, panel, and others. On the basis of the application, the market is further bifurcated into oil & gas, building insulation, industrial insulation, automotive, aerospace, and others.

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