Global Aerogel Blanket Market, By Material Type (Silica, Polymers, Carbon), Layer (Mono-Layer, Multi-Layer), Application (Oil and Gas, Automotive, Cryogenic, Performance Coatings, Aerospace), End User (Refining Industry, Building and Construction, Households, Pharmaceuticals, Transportation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Aerogel Blanket Market
The aerogel blanket market is estimated to reach a value of USD 1,476.77 million by 2028 and is expected to grow at a compound annual growth rate of 19% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aerogel blanket market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Aerogel blanket usually consists of aerogel granules within non-woven fibers that manufacture less dusty, compressible and highly proficient insulation material. Aerogel blankets are used for thermal insulation in buildings and industrial insulations, obtainable in multiple thicknesses up to 7 millimeters.
The increase in application of aerogel blankets in aerospace is likely to influence the growth of the aerogel blanket market. In line with this, the high demand from the oil and gas industry is also acting as a key determinant which will favor the growth of the aerogel blanket market over the forecast period of 2021 to 2028. Furthermore, the new solutions provided in the field of gelation processes and nanotechnology results in high production of aerogel blanket as well as aerogel blanket is also used as the thermal wrap for various applications thus are also expected to positively impact the growth of the aerogel blanket market. The major factor which is expected to forward the growth of the market is the rapid increase in the demand for these blankets as they are non-toxic and environmentally friendly.
However, the fluctuating raw material prices and high production cost of aerogel blanket are expected to act as key restraint towards aerogel blanket market growth rate in the forecast period of 2021 to 2028. Whereas, the rise in preference for molded pulp packaging and ban on aerogel blanket in major economies are expected to challenge the growth of the aerogel blanket market in the above mentioned forecast period.
Furthermore, the rapid advancements in the field of apparel manufacturing and the stability of aerogel blankets, associated with their resistance to moisture are expected to offer a variety of growth opportunities for the aerogel blanket market in the above mentioned forecast period.
This aerogel blanket market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the aerogel blanket market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerogel Blanket Market Scope and Market Size
Aerogel blanket market is segmented on the basis of material type, layer, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on material type, the aerogel blanket market is segmented into silica, polymers and carbon. Polymers have further been segmented into polyethylene terephthalate and polyimide.
- On the basis of layer, the aerogel blanket market is segmented into mono-layer and multi-layer.
- The application segment for aerogel blanket market is segmented into oil and gas, automotive, cryogenic, performance coatings and aerospace.
- Based on end user, the aerogel blanket market is segmented into refining industry, building and construction, households, pharmaceuticals and transportation.
Global Aerogel Blanket Market Country Level Analysis
The aerogel blanket market is analyzed and market size, volume information is provided by country, material type, layer, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the aerogel blanket market because of the rapid advancements in the aerospace and construction industries in the emerging countries such as U.S. and Canada. Middle East and Africa is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increment in manufacturer capabilities owing to growing globalization.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerogel Blanket Market Share Analysis
The aerogel blanket market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerogel blanket market.
The major players covered in the aerogel blanket market report are Active Aerogels, Aerogel Technologies, LLC, Aspen Aerogels, Inc., BASF SE, Cabot Corporation, Green Earth Aerogel Technologies, DuPont, HUATAO GROUP LTD., ENERSENS, Svenska Aerogel AB, Dow, JIOS Aerogel Corporation, PBM Insulations Pvt. Ltd., Acoustiblok UK, Armacell and Thermablok Aerogels Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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