Aerogel Market worth $547.9 Million by 2019 Aerogel Market worth $547.9 Million by 2019

Aerogel Market by Type worth $547.9 Million by 2019
The report, “Aerogel Market by Type (Silica, Polymer, and carbon), by Form (Blanket, Panel, Particle, & Monolith),
by Processing (Virgin & Fabricated), by Application (Oil & Gas, Construction, Automotive, Marine & Aerospace,
Performance Coatings, Day Lighting, & LVHS) - Global Trends & Forecasts to 2019”, Published by
MarketsandMarkets
Browse 96 market data tables and 76 figures spread through 182 pages and in-depth TOC on “Aerogel Market”
http://www.marketsandmarkets.com/Market-Reports/aerogel-market-714.html
Early buyers will receive 10% customization on reports.
“Europe is the key market for Aerogel”
North America dominated the aerogel market in 2013 and accounted for over 60% of the market. Country-wise,
the U.S. is the top consumer of aerogel materials globally. China is the second-largest aerogel consumer in the
world. The demand for the aerogels is driven by the diverse end-use markets ranging from oil & gas, construction,
automotive, marine, & aerospace among others. Future growth in the international market hinges heavily onto
recovering economies in Europe. U.K. and Sweden stand out as noteworthy growing markets in Europe. The
ensuing increase in investments and rise in the number of new manufacturing establishments is anticipated to
witness Europe emerge into a prime driver of growth for the aerogel market.

“Automotive, marine, & aerospace application to drive the growth in the global aerogel market”
Oil & gas segment dominated the aerogel market with around 74% market share in 2013. The increasing demand
for advanced insulation materials for its critical applications is expected to sustain the growth for oil & gas segment
of aerogel market in the coming years. The fastest growth rate till 2019 in the aerogel market is projected to come
from applications such as construction and automotive, marine & aerospace. Aerogel is used in construction
segment for thermal insulation, day-lighting, and architectural applications as it saves space due to its reduced
thickness. Aerogel is also used in the automotive, marine, & aerospace segment as it provides several unparalleled
benefits such as enhanced acoustic performance, thermal signature reduction for hot engine components and
aircraft skins, lightweight thermal insulation for exhaust, impact damping, and fire protection. The increasing
aerogel demand for such applications is expected to drive the growth for the global aerogel market.
“Polymer aerogel to have the highest growth”
Silica aerogel had the largest market share in 2013 and is projected to dominate the global market by 2019. Factors
such as its high insulating properties, cheap and abundant raw material availability, and versatile process of
manufacturing will continue to drive the growth for this segment. Polymer aerogel segment on the other hand is
projected to have higher growth on account of its superior properties over traditional aerogel and its increasing
use in several industrial applications. The increasing R&D activities to focus on polymer aerogel production by the
market players are also expected to be the driving factor for polymer aerogel market.