iCrowd Newswire
21 Jan 2021, 18:04 GMT+10
Silica Aerogel Market Analysis
The global silica aerogel market is likely to grow at a healthy CAGR between 2017- 2023, reveals the new Market Research Future (MRFR) report. Silica aerogel or frozen smoke is a synthetic, translucent solid-state substance which possesses excellent thermal insulating properties and extremely low density. This is generally produced by substituting the gel's liquid element with gas in high temperatures.
For its high surface area and lightweight, silica aerogel has a wide range of applications in different commercial and industrial applications worldwide, such as aerospace, automotive, industrial insulation, building insulation, oil and gas, to name a few. In the aerospace sector, it is used to manufacture spacesuits and wetsuits, in the construction sector it is used as a wall insulator and superlight concrete, and it also serves as a vital component in the manufacturing of vehicles, spacecraft, and fire suits owing to its excellent thermal insulation property.
Numerous factors are adding to the global silica aerogel market growth. Such factors, as revealed by the latest MRFR report, include rising adoption in various end use industries such as building insulation, electronics, healthcare, aerospace, oil and gas, and others, innovations and advancements in materials, its adoption in new applications especially power generation, agriculture, and apparel, growing globalization, availability of raw materials in abundance, and its excellent properties such as high insulation.
On the contrary, poor mechanical properties and high production costs are factors that may impede the silica aerogel market growth over the forecast period.
Silica Aerogel Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global silica aerogel market based on end use industry and form.
By form, the silica aerogel market is segmented into panel, monolith, blanket, and others. Of these, the blanket segment will lead the market over the forecast period.
By application, the silica aerogel market is segmented into aerospace, automotive, industrial insulation, building insulation, oil and gas, and others. Of these, oil and gas will dominate the market over the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/silica-aerogel-market-884
Silica Aerogel Market Regional Analysis
By region, the global silica aerogel market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period for the burgeoning demand from the automotive and construction sector. India & China are the key contributors in the region. Besides, increased focus by emerging players on research and development is also adding market growth.
The global silica aerogel market in North America is predicted to have significant growth over the forecast period for its increasing adoption rate and developed end use industries. Besides, the boom in shale gas has increased the region's oil and gas related activities that in turn are boosting the market growth. The US and Canada are the key contributors in the region. Increasing use in the oil and gas sector, growing automobile and construction sector, strong consumer awareness, and strong foothold of leading industry players are also boosting the market growth.
The silica aerogel market in Europe will have a healthy growth over the forecast period while that in the MEA is predicted to have stable growth over the forecast period.
Key Players
Leading players profiled in the global silica aerogel market report include Ocellus Inc (U.S.), CF Technologies (U.S.), Svenska Aerogel Holding AB (Sweden), JIOS Aerogel Corporation (Korea), Aerogel Technologies (U.S.), Aspen Aerogels Inc. (U.S), Cabot Corporation (U.S.), The Dow Chemical Company (U.S.), and BASF SE (Germany). Industry players have incorporated several strategies to stay head and shoulders above others in the competition and also cater to the growing needs of customers. These strategies comprise mergers and acquisitions, strategic alliances, extensive research and development activities, contracts, new product launch, partnership, and collaborations, among others.
Get Free Sample Report:https://www.marketresearchfuture.com/sample_request/884
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Tags: Silica Aerogel Market Share, Silica Aerogel market growth, Silica Aerogel market trends, Silica Aerogel Market forecast, Silica Aerogel Market analysis, Silica Aerogel Market
See Campaign: https://www.marketresearchfuture.com/reports/silica-aerogel-marketContact Information:Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]:, iCN Internal Distribution, Research Newswire, English
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationMENLO PARK, California: As artificial intelligence demands explode, Big Tech is turning to an old source for new power: nuclear energy....
NEW YORK, New York - U.S. stocks rose appreciably Friday following the release of a strong jobs report which sent the U.S. dollar higher,...
WASHINGTON, D.C. America's job market is starting to lose momentum. In April, job openings rose — but so did layoffs, marking their...
DUBLIN, Ireland: Digital Business Ireland (DBI) has asked the Government to do more to help Ireland's digital and tech sector. This...
TOKYO, Japan: Toyota has announced that it will take one of its key group suppliers, Toyota Industries, private in a deal worth UD$26...
NEW YORK, New York - U.S. stocks fell Thursday after the feud between U.S. President Donald Trump and his biggest backer Elon Musk...
ISLAMABAD, Pakistan: Pakistan's army said on June 4 that its security forces raided a militant hideout and killed 14 insurgents during...
NEW YORK CITY, New York: The United Nations General Assembly has elected five countries to join the Security Council starting January...
SEOUL, South Korea: South Korea's new president, liberal Lee Jae-myung, took office on June 4 after a dramatic and chaotic few months....
LONDON, UK: As of this month, it's officially illegal to buy disposable vapes anywhere in the United Kingdom. The new ban, aimed...
SEOUL, South Korea: South Korea's upcoming presidential election has turned into a messy battle full of personal insults and scandals...
FLIN FLON, Manitoba: More than 25,000 people in three Canadian provinces have been forced to leave their homes because of wildfires,...