Market Leader - Aerogel Market
In terms of value, the aerogel market is estimated to grow from USD 0.9 billion in 2024 to USD 1.6 billion by 2029, at a CAGR of 12.8%. Aerogel market have grown as the mounting technological innovations and advancemnts, rising superior thermal insulation of aerogels and growing energy efficiency regulations. These factors drive the aergoel market.
The key players profiled in the report include Aspen Aerogels, Inc. (US), Cabot Corporation (US), Armacell International S.A. (Luxembourg), Nano Tech Co., Ltd. (China), Zhejiang UGOO Technology Co., Ltd. (China), Guangdong Alison Technology Co., Ltd. (China), Beerenberg AS (Norway), Aerogel Technologies, LLC (US), Enersens (France), IBIH Advanced Materials Co., Ltd. (China), aerogel-it GmbH (Germany), and among others. The aerogel market has witnessed insignificant growth in the past few years; mounting demand from energy industrial and transportation applications to drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
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Aspen Aerogel, Inc. is one of the world’s prominent provider of inventive aerogels. It designs, develops, and manufactures high performance aerogels. The company operates in more than 50 countries around the world with its qualified distributors and has strong presence in European, North American, and Asia Pacific region. It is also developing the applications for their aerogel technology in high-potential marketssuch as battery materials market. Moreover, To expand its business, the company is improving its long-term financial position, expanding its existing and complementary product lines. In June 2023, Aspen Aerogels, Inc. opened new rapid prototyping facility in Marlborough, Massachusetts.
Cabot Corporation is a global specialty chemical company and manufacturers various materials and products including aerogels. The company has a strong global presence in more than 20 countries in Europe, North America, and Asia Pacific region. It offers a extensive range of products such as fumed metal oxides, engineered elastomer composites, reinforcing carbons, battery materials, inkjet colorants, masterbatches and conductive compounds, specialty carbons, and aerogel. It has aerogel manufacturing plant situated in Frankfurt, Germany. In May 2023, Cabot Corporation has introduced new ultra-thin thermal barriers ENTERA Products for Lithium-ION Batteries.
Related Reports:
Aerogel Market by Type (Silica, Polymer, Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (As Manufactured, Composites), Application (Energy Industrial, Transportation, Architecture & Construction), and Region - Global Forecast to 2029
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