HOME Research Insight Contracts & Agreements And New Product Launches are the Key Strategies Adopted by Leading Players to Strengthen their Position in the Aerogel Market

Contracts & Agreements And New Product Launches are the Key Strategies Adopted by Leading Players to Strengthen their Position in the Aerogel Market

The aerogel market is estimated at USD 453.0 Million in 2017 and is projected to reach USD 785.4 Million by 2022, at a CAGR of 11.6% between 2017 and 2022. Contracts & agreements, new product launches, expansions, and joint ventures are strategies adopted by key players to strengthen their position in the aerogel market. The maximum number of strategic developments took place in North America between January 2013 and December 2017.

The key players operating in the aerogel market include Aspen Aerogels (US), Cabot Corporation (US), Aerogel Technologies (US), Nano High-Tech (China), Guangdong Alison Hi-Tech (China), Active Aerogels (Portugal), Enersens (France), Jios Aerogel (South Korea), BASF (Germany), and Svenska Aerogel (Sweden).

Aspen Aerogels is the leading aerogel manufacturer, globally. The company is a pioneer in the field of industrial aerogel insulation materials. It offers various aerogel materials that are mainly used in the construction, oil & gas, aerospace, defense, and other applications. In July 2017, the company launched new high-temperature aerogel blanket, Pyrogel HPS. The product is specially designed for the oil & gas, chemical processing, and power generation industries.

Cabot Corporation is another leading manufacturer of aerogel, globally. The company offers aerogel additives for the performance coating, day-lighting, and thermal insulation applications. It focuses on new product launches and contracts & agreements to strengthen its market presence. For instance, in May 2016, the company entered into an agreement with Johns Manville Industrial Insulation Group (IIG). Under the terms of this agreement, both companies produced high-performance insulation for the oil & gas application using Cabot’s proprietary technology and aerogel products.

Svenska Aerogel is one of the largest aerogel manufacturers in Sweden. The company has developed custom-made environment-friendly aerogel-based material called Quartzene. This product is majorly used in the paints & coatings, thermal insulation, and filtering of gases and liquids applications. In September 2017, Svenska Aerogel signed a cooperative agreement with Chemtech Speciality India Pvt Ltd (India). Under the terms of this agreement, Chemtech will develop products based on Svenska Aerogel’s material Quartzene with India’s largest paint and coating manufacturers. This is expected to help the company gain a solid foothold in the Indian aerogel market.

Related Reports:

Aerogel Market by Type (Silica, Polymer, and Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (Virgin, Composites, and Additives), Application (Oil & Gas, Construction, Transportation, and Performance Coating) - Global Forecast to 2022

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