Silica Aerogel Market Overview:
Silica Aerogel Market is expected to witness a remarkable CAGR from 2018 to 2023 (forecast period), according to a report by Market Research Future (MRFR).
The oil and gas end-use segment are leading the market and is expected to show a considerable CAGR during the assessed years. The growing oil and gas activities across the globe has fuelled the use of silica aerogel owing to its excellent thermal insulating properties. Silica aerogel is extensively used in gas processing units, refineries, subsea piping, and others. The growing oil and gas activities in harsh climates have increased the demand for excellent thermal insulation, in turn, adding to the market growth.
Silica aerogel is used in various applications such as building insulation, oil and gas, automobile, industrial insulation, and aerospace among others. The growing consumption in the developing region across the globe are the major factors contributing to the global market of silica aerogel. The increasing government investments in the construction has augmented the use of building insulation, in turn, fuelling the market growth. Among the various application sector, oil and gas is the dominant segment and is expected to show the same trend during the forecast years.
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Silica Aerogel Market Key Players:
Some of the prominent players operating in the global silica aerogel market are BASF SE (Germany), The Dow Chemical Company (U.S.), Cabot Corporation (U.S.), Aspen Aerogels Inc. (U.S), Aerogel Technologies (U.S.), JIOS Aerogel Corporation (Korea), Svenska Aerogel Holding AB (Sweden), CF Technologies (U.S.), and Ocellus Inc (U.S.) among others.
Silica Aerogel Market Regional Analysis:
The global silica aerogel market is spanned across five key regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific holds a considerable portion of the market and is anticipated to grow rapidly during the forecast period. The demand from developing end-user industries in the region such as construction and automotive is expected to fuel the market growth. The key countries attributing to the growth of the silica aerogel in this region are China and India.
North America is the dominant region in the global silica aerogel market. The developed end-use industries coupled with the growing adoption rate are the major factors fuelling market growth. Additionally, the shale gas boom in the region has surged the oil and gas related activities in the region, which, in turn, is fuelling the growth of the silica aerogel market. The major countries attributing to this growth are Canada, and the U.S. European market of silica aerogel is mainly driven by the developed automobile and construction. Moreover, the increasing use of silica aerogel in the oil and gas sector is also impacting the market growth, positively.
Silica Aerogel Market Table Of Contents:
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Silica Aerogel Market
Silica Aerogel Market Table Of Contents to be Continue……,
Silica Aerogel Market List Of Tables:
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Silica Aerogel Market: By Region, 2016-2023
Table 3 North America Silica Aerogel Market: By Country, 2016-2023
Table 4 Europe Silica Aerogel Market: By Country, 2016-2023
Table 5 Asia-Pacific Silica Aerogel Market: By Country, 2016-2023
Silica Aerogel Market List Of Tables to be Continue……,
Silica Aerogel Market List Of Figures:
FIGURE 1 Global Silica Aerogel Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Silica Aerogel Market
FIGURE 4 Value Chain Of Global Silica Aerogel Market
FIGURE 5 Share Of Global Silica Aerogel Market In 2017, By Country (In %)
Silica Aerogel Market List Of Figures to be Continue……,
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