February 14, 2020
According to a recent study titled ‘Aerogel Insulation Market Size By Type (Silica, Polymer, Carbon), By Form (Blankets, Panels, Particle, Block), By End-Use (Oil & Gas, Building & Construction, Automotive, Aerospace & Marine, Performance Coatings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, Belgium, Sweden, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, Singapore, Philippines, Brazil, Mexico, South Africa, UAE, Saudi Arabia, Qatar, Oman), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global aerogel insulation market is expected to witness prominent growth by 2025.
Surging inclination towards energy conservation to reduce carbon footprints is anticipated to accelerate global aerogel insulation market growth. Greenhouse gases (GHG) emission is one of the most critical issues faced by nations worldwide. Aerogel insulation is widely used as thermal and acoustic insulator in buildings. Moreover, increasing green building projects across several regions including Europe and North America would further fuel product penetration in the forthcoming time.
Aerogel insulation is applied in an array of application such as nuclear particle detection, super insulating jackets, and waste management. The product is also utilized as padding for heat storage in automobiles, supercapacitors, and electrodes for capacitive deionization, which in turn is stimulating the demand for aerogel insulation across the globe.
In terms of end-use spectrum, aerogel insulation market from building & construction segment is expected to hold more than 29% market share by the year 2025. Government organizations worldwide have aligned their focus on developing energy-efficient buildings. For instance, the European Union (EU) implemented an energy-efficient directive (EED) initiative to boost the performance of buildings.
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On the regional front, Asia Pacific aerogel insulation market is expected to exceed USD 350 million by 2025. Low-interest rates and rapid economic growth along with expansion of real estate sector are the key factors fueling the regional market growth. Surging industrialization and thriving residential buildings sector has created lucrative growth opportunities for the market players. Favorable investment schemes to fuel the regional construction sector would further aid product demand in the forthcoming time.
It is important to mention that the global aerogel insulation market is competitive due to the strong presence of numerous regional as well as global players. Notably, Enersen SAS, Aerogel technologies, Aspen, Svenska, BASF, Active Aerogels, Jios, Nano High-Tech, Guangdong Alison Hi-Tech, and Cabot Corporation are currently at the forefront of the aerogel insulation market.
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