The global Aerogel Market was valued at $557.2 million in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $6.1Billion.
Aerogel is a transparent synthetic substance with extremely low density & excellent thermal insulating properties. It is in solid form has a texture similar to that of foam polystyrene, it is used for insulating pads to protect the user from the heat of laptops & computers, for pigments for printer ink, used for an agent for the removal of toxic metals from water, anti-reflecting coating, super capacitor carbon electrodes. Common types of aerogels are made from carbon & silicon. It is formed by removing the liquid gel content with a gas or some kind of air.
“Optimal Price Point (OPP) for Aerogel Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Aerogel materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Aerogel Market “by Product Categories”
We have segmented the Aerogel-based on product categories as Silica, Carbon, Polymers.
We have observed the significant use of aerogels by polymer product because it is 100 times stronger & more insulating than silica. it is used for better insulation of pipes & water heater, refrigerator with thinner walls, inflatable heat shields which drives the market growth during the forecast period.
Aerogel Market by “End-Use”
We have segmented the Aerogel market based on End-Use are Oil & Gas, Building & Construction, Automotive, Aerospace & Marine, Performance Coatings, Others.
We have observed the rapid use of aerogel in Aerospace & marine application because for better thermal insulation, possessing lower density, thermal conductivity, refractive index, dielectric constant than any solids which demands the aerogel market during the forecast period.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Aerogel market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, North America held the largest share for Aerogel market due to the demand for Oil & Gas, Building & Construction, Automotive, Aerospace & Marine. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding Building & construction, Aerospace & marine with the increasing populations generates a demand for Aerogel. We are observing that Aerogel is a good option as it can create a good impact on construction, marine, industrial sectors.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Cabot Corporation, Aspen Aerogels, American Aerogel Corporation, BASF SE, Dow Corning Corporation, Active Aerogels, High-Tech Co, Aerogel Technologies LLCare few major players in Aerogelmarkets. The market of Aerogels is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Aerogel Market by product Categories (Revenue, Million, 2014 – 2025)
Aerogel Market by Type (Revenue, Million, 2014 – 2025)
Aerogel Market by End-Use (Revenue, Million, 2014 – 2025)
- Oil & Gas
- Building & Construction
- Aerospace & Marine
- Performance Coatings
Aerogel materials Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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