Aerogel Market Projected To Soar As Demand From Oil & Gas Drives Growth

Published: 2024-10-24
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Author: preeti123
Published in: Arts & Entertainment

Aerogel market is expected to reach USD 1688.18 Mn. in 2030, with a CAGR of 10.2% for the period 2024-2030, because of growing demand from various end-use industry, primarily in the oil gas industry.

Aerogel Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the AerogelMarket. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of theAerogelmarket by thorough analysis, and projections are made up to 2030.

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Aerogel Market Scope and Methodology:

TheAerogelmarket report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in theAerogelmarket. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of theAerogelmarket, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regionalAerogelmarket were developed. The study provides a thorough value chain analysis that clarifies theAerogelproduction process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of theAerogelmarket on a global and micro level.

AerogelMarket Segmentation:

by Product Type

Silica
Polymers
Carbon
Others

With over 68 percent of total revenue in 2023, the silica aerogel product segment led the aerogel market. The non-organic structures of the items, which are non-flammable and resistant to temperatures of up to 1,4000C, are mostly to blame for this. They therefore have excellent thermal insulation and heat endurance, which raises demand for them.Aerogel blankets with fiber reinforcements, which transform inelastic aerogels into robust, stretchy, and water-resistant textiles, are made from silica aerogel. It is anticipated that these nonflammable blankets made of silica aerogels will be very effective at stopping fires from spreading across homes, businesses, and other infrastructure.

by Form

Blanket
Particle
Panel
Monolith

by End-use

Industry Oil Gas
Building Construction
Automotive Transportation
Aerospace Defense
Healthcare
Others

The oil and gas end-use category dominated the market in 2023 with a revenue share of over 65%. Pipelines and other systems are built, manufactured, and operated using aerogel, a flexible insulating material with high porosity, low density, low dielectric constant, and exceptional thermal insulation properties.
In order to reduce production costs, boost pipeline compression resistance, and utilize less steel during construction, aerogel blankets are mainly used to improve the insulation of oil and gas pipelines and deep-sea pipes. Other benefits of the Aerogel insulators are its hydrophobicity, mechanical strength, and excellent thermal performance.

by Technology

Supercritical Drying
Ambient Pressure Drying
Freeze Drying
Others

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Aerogel Market Key Players:

1. Cabot Corp.
2. BASF SE
3. Nano Technology Co., Ltd.
4. Dow, Inc.
5. Enersens
6. Armacell International S.A
7. Active Aerogels
8. Aerogel Technologies LLC
9. Aspen Aerogel Inc.
10. JIOS Aerogel
11. Svenska Aerogel AB
12. Thermablok Aerogels Limited.
13. Green Earth Aerogel Technologies
14. TAASI Corporation

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Aerogel Market Regional Insights :

The size and trends in theAerogelmarket in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Aerogel Market are:

• What isAerogel?
• What was theAerogelmarket size in 2023?
• Which are the factors expected to drive theAerogelmarket growth?
• Who are the leading companies and what are their portfolios inAerogelMarket?
• What growth strategies are the players considering to increase their presence inAerogel?
• What are the upcoming industry applications and trends for theAerogelMarket?
• What will be the CAGR at which theAerogelmarket will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for theAerogelMarket?
• What are the different segments of theAerogelMarket?
• What is the growth rate of theAerogelMarket?
• What segments are covered in theAerogelMarket?
• Who are the key players in theAerogelmarket?
• What are the key challenges and opportunities in theAerogelmarket?
• Which application holds the highest potential in theAerogelmarket?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018-2023)
• Past Pricing and price curve by region (2018-2023)
• Market Size, Share, Size Forecast by different segment | 20242030
• Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
  • Competitive landscape Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTERs analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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