Aerogel Market to Record a CAGR of 10.30% | Active Aerogels and Aerogel Technologies LLC Among Key Vendors | Technavio

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NEW YORK, Jan. 26, 2022 /PRNewswire/ -- The aerogel market has been segmented into five regions, namely APAC, North America, Europe, South America, and MEA. The market will be dominated by North America during the forecast period. The US is the key market for the aerogel in the region. Owing to rising concerns over building emissions in developed economies such as the US and Canada, there has been a high emphasis on sustainable construction practices and the use of emission-free building materials. Market growth in North America will be faster than the growth of the market in South America. The increased usage of aerogel materials in the automotive, marine and aerospace applications will significantly drive the aerogel market growth in North America during the forecast period. Also, North America is the largest region in terms of the production and consumption of aerogel materials.

Attractive Opportunities in Aerogel Market by Application and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Aerogel Market by Application and Geography - Forecast and Analysis 2021-2025

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The aerogel market is set to grow by USD 392.69 million from 2020 to 2025 at an accelerating CAGR of 10.30%. The year-over-year growth rate of the market in 2021 is 10.08%. This report presents a detailed analysis of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

The aerogel market forecast report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. Technavio identifies growing penetration in organized retail as one of the major factors driving the growth of the market. However, factors such as the declining birth rate may challenge the market growth.

The aerogel market covers the following areas:

Aerogel Market Sizing
Aerogel Market Market Forecast
Aerogel Market Analysis

Market Segmentation Analysis

By application, the aerogel market has been classified into five segments, namely oil and gas, construction, AMA, daylighting and LVHS, and others. The oil and gas segment will have significant market share growth during the forecast period. The output from the oil and gas refineries is carefully transported to the re-gasification sites through long pipelines, which require insulation. Thus, the oil and gas industry is heavily dependent on the insulations of these pipelines. Moreover, the low thickness and superior insulation materials are fueling the demand for aerogel in this segment. Moreover, unprocessed hydrocarbons in a temperature-sensitive environment, can be transported over long distances with the help of Aerogel.

Companies Mentioned

  • Active Aerogels

  • Aerogel Technologies LLC

  • Aerogel UK Ltd.

  • Aspen Aerogels Inc.

  • BASF SE

  • Cabot Corp.

  • ENERSENS SAS

  • Green Earth Aerogel Technology SL

  • Guangdong Alison Hi-Tech Co. Ltd.

  • JIOS Aerogel Corp.

The global aerogel market is fragmented with the presence of well-diversified international, regional, and local vendors. Several regional vendors offer aerogel at a comparatively lower price than international vendors, which intensifies the competition in the market. The competitive environment in this market is expected to intensify further with the increasing product extensions, technological innovations, and M&A activities.

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Aerogel Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.30%

Market growth 2021-2025

$ 392.69 million

Market structure

Concentrated

YoY growth (%)

10.08

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Japan, China, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Active Aerogels, Aerogel Technologies LLC, Aerogel UK Ltd., Aspen Aerogels Inc., BASF SE, Cabot Corp., ENERSENS SAS, Green Earth Aerogel Technology SL, Guangdong Alison Hi-Tech Co. Ltd., and JIOS Aerogel Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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