The aerogel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerogel Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The aerogel market size has grown rapidly in recent years. It will grow from
$1.24 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate
(CAGR) of 18.8%. The growth in the historic period can be attributed to
advancements in aerospace industry, energy efficiency initiatives, rising
demand in oil and gas sector, medical and healthcare applications, expansion in
electronics and consumer goods.
The aerogel market size is expected to see rapid growth in the next few years.
It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR)
of 16.7%. The growth in the forecast period can be attributed to oil and gas
industry adoption, materials science advances, environmental remediation
applications, medical and healthcare application, automotive lightweighting.
Major trends in the forecast period include increased sustainability focus,
advancements in manufacturing technologies, integration in energy storage
systems, emergence of transparent aerogels, healthcare innovations.
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Scope Of Aerogel Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Aerogel Market Overview
Market Drivers -
The growing demand in the construction industry is expected to propel the
growth of the aerogel market in the coming years. The construction sector is
concerned with the building and maintenance of construction sites,
infrastructure, and various other physical structures. It includes a variety of
operations such as project planning, design, finance, and execution. Aerogels
are used in the construction sector as lightweight insulation materials to
improve the efficiency of energy and architectural insulation because of their
low ability to conduct heat and high porosity. For instance, in November 2023,
according to the Office for National Statistics, a UK-based non-ministerial
institution in charge of collecting and reporting national, regional, and local
economic, demographic, and social data, overall new construction work increased
by £18.16 billion ($19.89 billion) in 2022, with a rise of 16.8% and 13.1% for
both private and public new construction, respectively. Therefore, the growing
demand in the construction industry is driving the aerogel market.
Market Trends -
Major companies operating in the aerogel market are focusing on innovative
products, such as aerogel particles intended to be used in lithium-ion battery
thermal barriers. Aerogel particles are a form of material created from a gel
in which the liquid part is replaced by gas, producing a solid with
extraordinarily low density and thermal conductivity. For instance, in May
2023, Cabot Corporation, a US-based company that manufactures performance
chemicals and specialty chemicals, launched the ENTERA aerogel particle
portfolio. ENTERA aerogel particles are a thermal insulation additive that
enables the creation of ultra-thin heat barriers for electric vehicle (EV)
lithium-ion batteries. Cabot's portfolio includes three ENTERA aerogel
materials, which formulators may combine into different thermal barrier forms
such as blankets, cushions, sheets, films, foams, and coatings. The Cabot
ENTERA aerogel particle portfolio comprises ENTERA EV5200 aerogel, ENTERA EV5400
aerogel, and ENTERA EV5800 aerogel in sizes ranging from microns to
millimeters. Cabot's ENTERA aerogel is also up to 20 times lighter than
standard insulation additives employed in thermal barriers, with more than 90%
air content.
The aerogel market covered in this report is segmented –
1) By Type: Silica, Polymers, Carbon, Other Types
2) By Form: Blanket, Particle, Panel, Monolith
3) By End-Use: Oil And Gas, Building And Construction, Automotive, Aerospace
And Marine, Performance Coatings, Other End-Users
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Regional Insights -
North America was the largest region in the aerogel market in 2023. Asia
Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the aerogel market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the aerogel market report are BASF SE, The Dow
Chemical Company, Evonik Industries AG, Cabot Corporation, Alkegen, Armacell
International S.A, Aspen Aerogels Inc., Nano High-Tech Co. Ltd., Aerosafe
Global, Blueshift Materials Inc, Solarcore, Svenska Aerogel Holding AB,
ENERSENS, Green Earth Aerogel Technologies, TAASI Corporation, Guangdong Alison
Hi-Tech Co. Ltd. , Aerogel Technologies LLC, Active Aerogels, Thermablok
Aerogels Ltd., THERMULON LTD
Table of Contents
1. Executive Summary
2. Aerogel Market Report Structure
3. Aerogel Market Trends And Strategies
4. Aerogel Market – Macro Economic Scenario
5. Aerogel Market Size And Growth
…..
27. Aerogel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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