Chemical Market ShareAnalysis Silica Aerogel Market Analysis Report, Regional Ou | Seite 2

The increase in demand from the end-user industries is one of the major driving forces of silica aerogel market. The
rising industrialization and urbanization in the emerging nations worldwide is another driving factor for the market.
Furthermore, the increasing energy demand has propelled oil & gas sector, which again is expected to affect the
growth of the market in the years to come. The emerging economies and changing lifestyle has majorly impelled the
growth of construction segment, thereby driving silica aerogel market.
Silica aerogel is widely used as an insulator for refrigerators, containers and refrigerated vehicles. It is also widely used
in textile industry to manufacture aerogel blankets. Silica aerogel is also used as an absorbent in numerous chemical
manufacturing industries. The developments in the end-use industries increases the demand for silica aerogel too.
Several businesses are focusing on extensive research & developments to develop new applications of silica aerogel,
which again increases its use in various industries.
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Conversely, cost of silica increases the cost of its derivation and preparation cost of aerogel are few factors constraining
the growth of silica aerogel market. In addition, the complexities prevalent in preparation of silica aerogel are
obstructing the rise of the market worldwide. The top market players are applying various competitive strategies like
new product development, expansion, partnership to sustain in the growing silica aerogel market.
The market is categorized on the basis of raw material, form, application, and geography. Based on raw material,
market is divided into silica, carbon, alumina, and others. On the basis of form, the market is divided into blanket,
particle/powder, block, and panel. In terms of application, silica aerogel market is classified into building insulation, oil
& gas, aerospace, automotive, healthcare, chemical, electronics, apparel, and other. Building insulation segment is
projected to hold larger share of silica aerogel market owing to speedy growth of urbanization in emerging countries.
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Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. North America is expected to hold larger share of the market owing to the growing research & development
activities. The key participants of silica aerogel market are Aspen Aerogel Inc., Airglass AB, Cabot Corporation,
Acoustiblok UK Ltd., American Aerogel Corporation, BASF SE, Dow Corning Corporation, JIOS Aerogel, Active Aerogels,
and Svenska Aerogel AB.
Market Segment:
Key Regions