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Aerogel Market Trends

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Report ID: 21
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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Aerogel Market Trends

Growth Drivers

Increasing Demand for Aerogels from Oil & Gas Industry
Thinness and Lightweight of Aerogels than Other Insulating materials

Challenges

High Production Cost of Aerogels

Aerogel Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	16.1%
Base Year Market Size (2023)	USD 1.13 billion
Forecast Year Market Size (2036)	USD 7.87 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Aerogel Market Size, Growth Forecast Report 2036

Author Credits: Rajrani Baghel

Report ID: 21
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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.

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