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Aerogel Market Projected to Reach 785.4 Million USD by 2022
by samuel871 · December 14 John Cominsky Jersey , 2018
The report “Aerogel Market by Type (Silica, Polymer, and Carbon), Form (Blanket, Panel, Particle, and Monolith) Kendall Sheffield Jersey , Processing (Virgin, Composites, and Additives), Application (Oil & Gas, Construction, Transportation, and Performance Coating) – Global Forecast to 2022″ Kaleb McGary Jersey , The aerogel market i erogel Market – Global Forecast to 2022”
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Superior thermal resistance coupled with the thinner and lighter nature of aerogel is expected to drive the aerogel market during the forecast period.
The polymer segment is projected to register the highest CAGR during the forecast period
The aerogel market is segmented on the basis of typeinto silica, polymer, carbon, and others (metal, metal oxides, metal chalcogenides Chris Lindstrom Jersey , and quantum dots). The polymer segment of the aerogel market is projected to register the highest CAGR during the forecast period. Polymer aerogels are mechanically stronger than silica aerogels and hence are highly demanded by end-use industries.
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The oil & gas segment to account for the major share of the market till 2022
The oil & gas segment is estimated to be the largest application of aerogel in 2016. This dominance is projected to continue till 2022. The rising demand for advanced insulation materials in the oil & gas application is fueling the growth of the aerogel market.
North America to be the largest market during the forecast period
The aerogel market is broadly segmented into five regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. North America is the largest market Takkarist McKinley Jersey , followed by APAC. The growing use of aerogel materials in the automotive, marine, and aerospace applications in North America is expected to drive the aerogel market in the region during the forecast period.
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Key players profiled in the report include Adient plc (Ireland), Lear Corporation (U.S.), Toyota Boshoku Corporation (Japan), Seiren Co., Ltd. (Japan) Calvin Ridley Jersey , Suminoe Textile Co., Ltd. (Japan), SRF Limited (India), Sage Automotive Interiors Inc. (U.S.), Takata Corporation (Japan), Grupo Antolin Irausa, S.A. (Spain) Julio Jones Jersey , Acme Mills Company (U.S.), Martur Automotive Seating Systems (Turkey), Glen Raven Inc. (U.S.), Haartz Corporation (U.S.), and Tenowo GmbH (Germany).
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