According to Goldstein Research, global silica aerogel market estimated at USD 0.12 billion in 2016, which is estimated to reach USD 1.07 billion by 2024, growing at a CAGR of 30.0% over the forecast period 2016-2024.
The key factors such as rising demand for silica aerogel in industrial usage, R&D for improving the manufacturing process and major benefits over the use of conventional insulating materials are primarily driving the silica aerogel market. In terms of application, oil & gas industry accounts for the highest market share. Further geographically, global silica aerogel industry is dominated by North America, with more than 60% market share. North America is followed by Asia Pacific & European region market share owing to increasing demand for advanced materials.
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Global Silica Aerogel Market can be segmented as follows:
By Silica Aerogel Form
- Blanket Silica Aerogel Market Analysis, 2016-2024
- Monolith Silica Aerogel Market Analysis, 2016-2024
- Panel Silica Aerogel Market Analysis, 2016-2024
- Others (Blocks, Particles, Tiles etc) Silica Aerogel Market Analysis, 2016-2024
By Silica Aerogel End-Use Industry
- Oil and Gas Industry
- Building and Construction Industry
- Others (defence materials, transportation, etc)
- North America Silica Aerogel Market Analysis, 2016-2024
- Europe Silica Aerogel Market Analysis, 2016-2024
- The Middle East And Africa Silica Aerogel Market Analysis, 2016-2024
- Latin America Silica Aerogel Market Analysis, 2016-2024
- Asia Pacific Silica Aerogel Market Analysis, 2016-2024
- Rest Of The World Silica Aerogel Market Analysis, 2016-2024
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“Global Silica Aerogel Market Outlook 2024” contains the detailed overview of the global silica aerogel market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by silica aerogel form, end-use industry and geography.
The Global Silica Aerogel Market Analysis highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of silica aerogel market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the global silica aerogel market discussed in the report are Cabot Corporation, American Aerogel Corporation, Aspen Aerogels, Inc., Dow Corning Corporation, Svenska Aerogel Holding AB, Aerogel Technologies, BASF SE, JIOS Aerogel Corporation, Maero Tech Sdn Bhd, Ocellus Inc., etc.
Further, Global Silica Aerogel Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Silica Aerogel Market share also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The market research report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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