The company
profiles of all the major players and brands that are dominating the market are
covered in the report with respect to their moves like product launches, joint
ventures, mergers and acquisitions. The Aerogels Market research report also explains in depth
description, competitive scenario, product portfolio of key vendors and their
business strategies with the help of SWOT analysis and porter's five force
analysis. This market report offers an actionable market insight with which
sustainable and profitable business strategies can be built. This global Aerogels
Market report has been
prepared by conducting market research in a systematic manner.
Global
aerogel market is set to witness a healthy CAGR of 19.3% in the forecast
period of 2019- 2026. The report contains data of the base year 2018 and
historic year 2017. Increasing application of aerogel in apparel market and
rising demand from LVHS segment is the factor for the market growth.
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Top Manufacturers
Covered in the Report:
Few of the major competitors currently working in the global
aerogels market are Aspen Aerogels, Inc.; Cabot Corporation; Aerogel
Technologies, LLC; Guangdong Alison Hi-Tech Co.,Ltd.; Active Aerogels; Enersens
SAS; JIOS Aerogel Corporation; BASF SE; Svenska Aerogel Holding; Dow; Blueshift
Materials Inc.; TAASI Corporation/ The Attia Applied Sciences, Inc.; Gelanggang
Kencana Sdn. Bhd.; Guizhou Aerospace Wujiang Electro-mechanical Equipment
Co.,Ltd.; American Elements; LIH FENG JIING ENTERPRISE CO., LTD. among others.
Market Definition:
Global Aerogels Market
Aerogels are synthetically produced advanced material
offerings which are utilized in a variety of applications ranging from thermal
insulation, coatings, in construction applications and others. The product is known
to have significantly high porosity, density, can be utilized and modified in
different chemical structuring. The materials formulated from aerogel exhibit
certain classifications such as being good insulators, catalysts, ferroelectric
features as well as optical features and a variety of others.
Key Developments in
the Market:
·
In April 2019, BASF SE and Aspen Aerogels, Inc.
announced that they had extended their existing partnership dealing with the
production of a new thermal insulation product. The product is a
non-combustible insulator providing applications in a number of areas such as
building, construction and a number of other areas. In support of the agreement
Aspen has received a payment which will help in further innovations and
developments for the market
·
In November 2016, JIOS Aerogel Corporation and
Armacell announced that they had entered into a joint venture focusing on the
development and manufacturing of silica aerogel blankets. The joint venture
will formulate a new company which will be based out of Hong Kong as well as
South Korea operating out of Armacell’s manufacturing center situated in
Cheonan, South Korea
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Market Drivers:
·
Variety of benefits associated with the product
such as significantly high thermal insulation rate is expected to boost the
adoption rate of the market
·
Aerogel is a very light-weight and thinner
alternative for a variety of applications which is expected to boost the growth
of the market
·
Increasing demand from the end-use industrial
verticals is also expected to drive the growth of the market
·
Durable nature of the product as well as
resistance from fire combustion is also expected to augment the market growth
Market Restraints:
·
Requirement of large costs associated with the
production of these products is expected to restrict the growth of the market
·
Lack in the mechanical strength of the products
made out of aerogels is also expected to restrict its adoption rate
Competitive Analysis:
Global aerogels market is highly fragmented and the major
players have used various strategies such as new product launches, expansions,
agreements, joint ventures, partnerships, acquisitions, and others to increase
their footprints in this market. The report includes market shares of aerogels
market for global, Europe, North America, Asia-Pacific, South America and
Middle East & Africa.
Key Insights in the report:
·
Complete and distinct
analysis of the market drivers and restraints
·
Key market players
involved in this industry
·
Detailed analysis of
the market segmentation
·
Competitive analysis
of the key players involved
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