Aerogel Market Analysis

The market is segmented by type into silica, polymer, carbon, and others, out of which, the silica segment is anticipated to hold the largest share in the aerogel market in the year 2021 on account of low cost, high insulating characteristics and ample availability of silica aerogels. Along with these, considerable transparency and low thermal conductivity of these aerogels are also evaluated to boost the growth of this segment. Furthermore, based on application, the aerospace section occupies the largest revenue share which can be accounted to the extensive use of aerogels in space travel. In addition to this, the oil & gas segment is estimated to grow with a robust CAGR over the forecast period as this industry depends strongly on appropriate pipeline insulation provided by aerogels.

Our in-depth analysis of the global market includes the following segments:

Type	Silica Polymer Carbon Others
Application	Oil & Gas Aerospace Automotive Others
Form	Monolith Blanket Article Panel form
Process	Virgin Process Fabricated

Frequently Asked Questions (FAQ)

Growing demand from end-users is one of the primary factors driving the growth of the aerogel market.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 â€“ 2029.

High production cost is estimated to hamper the market growth.

North America will provide highest business growth opportunities on the back of increasing demand for aerogels in aerospace, marine and automotive industries.

The major players in the market are Aerogel Technologies, LLC, CMC Materials Corporation, Aspen Aerogels, Inc., BASF SE and others.

Aerogel Market Analysis