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The aerogel market is anticipated to grow at the CAGR of 35% during 2016-2023. The aerogel market is majorly driven by the rising demand of aerogel insulators in various applications. The aerogel market is driven by increasing number of application domain, durable and fire protective insulator and thinner & lighter alternative of conventional insulator. The key features has increased the scope and application of aerogel in various applications which is effecting the growth of aerogel market globally. However, the aerogel is having the higher cost as compared to alternative insulators which is major factor which is hampering the growth of aerogel market. The global aerogel market has a lot of opportunities because of its thermal resistance, these could be used in aerogel in firefighter’s protective gears. However, high heat resistance and extremely light weight enable the use of aerogel in apparels in cold regions.
Rapid increasing growth in the construction sector is the foremost factor enhancing the global aerogel market. In 2015, the global construction market was valued $8.5 trillion which was quite higher from $7.5 trillion in 2010. As per United Nations Environment Programme, "Global Construction 2020", the value of overall construction market is anticipated to achieve $12 trillion by 2020. Over the next decade, around $97.7 trillion is projected to be expended on construction across the globe. According to the PricewaterhouseCoopers (PwC), construction industry is expected to account for 13.2% of global GDP along with it by 2020. Additionally, extensive application of cable management across industries has also attributed extensively towards the growth of the global market.
Source: OBRC Analysis
The aerogel is segmented on the basis of type, form, processing, application and geography. By Type, global aerogel market is further segmented into:
Form segment is further segmented into:
On the basis of processing, the aerogel market is sub segmented into:
On the basis of application, the aerogel market is sub segmented into:
The report scope is widely categorized on the basis of its components which include type, form, processing, and application. Moreover, the market revenue estimates and forecast includes only type, form, processing, application.
Geographically, the global aerogel market has been segmented on the basis of four major region, which include:
North America dominates the aerogel market with the largest share followed by Europe and APAC. Europe is the fastest growing for the aerogel market which is estimated to grow with a CAGR of 40% during the forecasted period. The green initiative taken by European government is the driving factor for the building and industrial aerogel insulators.
Construction and automotive markets are expected to be the fastest growing streams among all the application. The increasing demand for the aerogel insulators from the world-wide construction application and automotive application is boosting the growth of global aerogel market.
In aerogel the major forms are panels, blankets, blocks, particles which are in use, blanket is the largest segment which is expected to grow in next 10 years. Panel segment is showing a positive growth with a CAGR of 40% for the forecasted period. Aerogel panels have lower thermal conductivity due to this the panels are used in various applications domain such as green house, sloped rooms, skylights, curtain, conservatories walkways and canopies.
The aerogel market is dominated by some of the major key players such as:
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching.
For instance, On JUN 22, 2016 BASF SE made a partnership agreement with Aspen to supply agreement for Aspen Aerogel’s Spaceloft® A2 insulation product to targeting the global building materials market. In this partnership agreement, Aspen will commit to the exclusive supply of its Spaceloft® A2 product for incorporation within BASF’s aerogel enhanced Slentex® wall system for the building materials market. The agreements are designed to increase market penetration, enhance product profitability and facilitate the development of next generation materials.
Why to buy the report:
This report will provide you:
Provide you the business strategies adopted by market player such as product launch that is on Jul 17, 2017 Aspen Aerogels Inc has announced to launch its latest innovion in aerogel insulation technology ‘Pyrogel® HPS’. This tehnology is a high temperature aerogel blanket engineered to provide class-leading thermal conductivity and economic performance at service temperatures of up to 650°C (1200°F).
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global aerogel market offers the longest chain of market segmentation covering major market segmentation based on form, processing, application. The report tracks the major market trends in the global smart security market such as rising demand from various end-use industries including oil & gas, building & construction, automotive, aerospace & marine, and performance coatings and so on. For each market segments covered in global aerogel market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the aerogel industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global aerogel market.
Increasing focus on infrastructure development in emerging economies and technological advancements have resulted in companies focusing on developing eco-friendly aerogel is fuelling growth in global aerogel market.
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