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.
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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.
Scope of the Aerogel Blanket Market Report:
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.
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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.
Aerogel Blanket Market Regional Analysis/Insights
The Aerogel Blanket market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Aerogel Blanket 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 dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Aerogel Blanket within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Aerogel Blanket market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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