The global aerogels market size was estimated at US$58,814 million in 2016 and is expected to expand at a CAGR of 22% over the forecast period. Factors such as efficient thermal resistance and lighter and thinner alternatives to conventional insulation are the major growth drivers for the market. Industries such as oil and gas, building and construction, automotive, aerospace and marine are major end users. The growing demand for improved insulation is expected to drive the market during the forecast period.
A full report of Aerogel Insulation Market available at https://www.orionmarketreports.com/aerogel-insulation-market/24308/
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.
Aerogel Insulation Market Segmentations
By Type
• Silica
• Carbon
• Polymer
By End-User
• Oil & gas
• Performance Coatings
• Building & Construction
• Aerospace & Marine
• Automotive sectors
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
