Aerogel Market Size is Expected to Experience a CAGR of 15.1% till 2028A Chapter by Markets InsightsThe global aerogel market size was valued at USD 818.9 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.1% from 2020 to 2028.The global Aerogel Market size is expected to reach USD 2.52 billion by 2028, registering a CAGR of 15.1% over the forecast period, according to a new report by Grand View Research, Inc. Some of the prominent players in this industry are Cabot Corp., BASF SE, Nano Technology Co., Ltd., Dow, Inc. and Enersens. Growing product usage for insulation applications in various industries, such as automotive, aerospace & defense, building & construction, oil & gas, and other industries, is expected to drive the market. Aerogels provide innovative and eco-friendly solutions for light-diffusing and high-performance insulation in architectural daylighting applications. Cabot Corp. provides LUMIRA aerogel, water-repelling particles produced through a subcritical drying process that exhibits a broader scope of applications including subsea pipe insulation and daylighting. Various agencies like NASA are further researching on the aerogel material to broaden its application scope in exploring potential applications of thin polymer aerogels in cryogenics or spacesuits. In addition, the market is expected to witness additional research for novel applications, such as hydrogen storage media and supercapacitors. Related Press Release@ Aerogel Market Report Aerogel Market Report Highlights
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StatsAuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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