Aerogel Insulation Market Insights by Business Opportunities and Growth Trends to 2025
Category: #business  By Rahul Varpe  Date: 2020-05-12
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Aerogel Insulation Market Insights by Business Opportunities and Growth Trends to 2025

Asia Pacific is anticipated to surpass USD 350 million in the overall aerogel insulation market by 2025. Rapid economic growth and low interest rates in the real estate sector will continue to drive the business size. An upsurge in urban development owing to the surging industrialization and massive push in the residential buildings sector will provide positive scope for the industry share. Increasing trend in the discretionary income and credit availability has boosted the demand for consumer durables. Favorable investment schemes to boost regional construction sector will further support the demand of overall aerogel insulation market.

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Shifting consumer preferences towards energy conservation owing to the rising GHG emissions along with elevated carbon footprint will be key impetus in the overall aerogel insulation market. Increasing green building projects across several regions including North America and Europe will positively influence product penetration over the forecast timeframe. In addition, positive application outlook as improved acoustic or thermal insulation material for building envelope will further boost the business growth.

Stringent policies & standards pertaining to the work environment conditions in several industries will amplify the aerogel insulation market growth. For instance, ASTM standards C1057 and C1055 offers specific process engineers and system specifiers guidelines for making the respective work atmosphere safe from burn hazards.

Know about Market growth in New Research and its Top growing factors by Key Companies like: -

BASF, Aerogel Technologies, Aspen Aerogels, Svenska Aerogel, Enersens SAS, Cabot Corporation, Green Earth Aerogel Technologies, American Aerogel Corporation, Active Aerogels, Johns Manville, Nichias Corporation, Armacell International S.A, Guangdong Alison Hi-Tech Co. Ltd., Nano Tech Co. Ltd., JIOS Aerogel

Aerogel Insulation Industry, By End-Use: -

  1. Oil & gas
  2. Building & construction
  3. Automotive, aerospace & marine
  4. Performance coatings
  5. Others (electronics)

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Aerogel Insulation Industry, By Form: -

  1. Blankets
  2. Panel
  3. Particle
  4. Block

Carbon will observe significant gains exceeding 15% CAGR in the overall aerogel insulation market over the projected time period. Increasing application of carbon material in the electronic industry owing to its electrically conductive nature will further augment the segment size. These material stands to benefit from existing regulation such as environmental or chemical standards like the REACH regulation. Long terms strategic partnerships with raw material suppliers to reduce operational cost are the among the key strategies that are adopted by the industry participants.

Steady inflation in the oil & gas industry owing to the constant supply from oil rich economies across the globe will stimulate the demand for aerogel insulation market share. Key product applications in supercapacitors, padding for heat storage in automobiles, and electrodes for capacitive deionization supports the product portfolio. Besides, major properties of aerogel afford their suitability for many applications in high-tech commercial field such as waste management, super insulating jackets, and nuclear particle detection.

Building and construction is anticipated to hold over 29% share in the overall aerogel insulation market over the forecast time frame. Increasing new construction & architectural techniques catering the demand for high end insulation material will foster the segment growth. In addition, several initiatives such as energy efficient directive (EED) implemented by EU to boost energy performance of buildings will further enhance the business expansion.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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