Aerogels Market Size, Share Trends And Growth Analysis Industry Forecast To 2025


Posted October 26, 2017 by jayvirsingh99

Aerogels Market Size, Share Trends And Growth Analysis Industry Forecast To 2025
 
According to a new market report published by Credence Research Global Aerogels Market- Growth, Future Prospects & Competitive Analysis, 2017 - 2025, the Global Aerogels Market is expected to reach US$ 2.2 Bn by 2025, expanding at a CAGR of 24.5% during the forecast period 2017 - 2025.
Browse the full Global Aerogels Market by Material, Form, Application and Geography - Growth, Future Prospects & Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/aerogels-market
Market Insights
Aerogels market is projected to witness high growth with growing application of aerogels in various end use industries. Industries such as oil & gas, construction, automotive, marine, aerospace, performance coating, day lighting & LVHS and others are expected to increasing consumption of aerogels due to its increasing application. Oil & gas industry to remain the key consumer of aerogels owing to increasing demand for insulating materials for critical applications is expected to drive the demand for aerogels over the forecast period. Aerogels also finds application in construction industry for the purpose of thermal insulation. Growing infrastructure investment in construction of various residential and commercial infrastructure especially in emerging economies such as India, China, Brazil, South Korea and others is expected to propel the demand for aerogels in construction industry. Moreover, increasing use of aerogels in thermal insulation in automobiles, ships and airplanes also projected to impel the demand for aerogels over the forecast period. However, the high manufacturing cost and properties such as poor mechanical strength of aerogels is projected to restrain the growth of global aerogels market during the forecast period (2017-2025).
Competitive Insights:
Global aerogels market is segmented on the basis of material, form, application and geography. Based on material, silica segment accounted for the largest share in global aerogels market. Low cost, easy availability and high insulting properties increasing the adaptability of silica aerogels which in turn is projected to drive the growth of the segment. Based on form, blanket segment was the most dominant segment in global aerogels market in 2016. High demand for blanket aerogels from oil & gas industry is projected to drive the growth of the segment during the forecast period. By application, oil & gas application segment accounted for major share in 2016 in global aerogels market owing to increasing demand for insulting material in various applications in oil & gas industry. On the basis of geography, North America was estimated to be the largest market for aerogels in 2016 and projected to maintain its dominance during the forecast period. Growing demand from end use industries such oil & gas, construction, automotive, marine, aerospace, performance coating, day lighting & LVHS and others is projected to drive the growth for aerogels in the region. Major players in the aerogels market includes Aspen Aerogels Inc., Aerogel Technologies LLC., Active Aerogels, BASF SE, Cabot Corporation, Enersens SAS, Guangdong Alison Hi-Tech Co. Ltd. Jios Aerogel Corporation and Nano High-Tech Co. Ltd. Thus, key player are investing in research and development, merger and acquisition with focus on improve their product portfolio and market penetration. Largely, global aerogels market is anticipated to register robust growth over the forecast period (2017-2025).
Key Trends:
- Merger & Acquisition
- Investment in R&D
- Expansion in production capacity
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Through outsourcing of medical waste management activities, it is ensured that highly skilled workers collect, handle, treat and dispose medical waste in a cost effective way while simultaneously assuring environmental and human safety. Some of the prime observations in this market are:
 Large hospitals and outpatient facilities are the largest generators of medical waste
 Incineration in the most common method of medical waste treatment
 Preference for on-site medical waste treatment will drop in the future in the view of cost management and administrative convenience
 Outsourcing of medical waste management processes is majorly an outcome of cost constraints in planning medical facilities since the economic upset in 2008
 The market in developed regions is fragmented with several local companies exhibiting rigorous market activities
Moreover, emerging markets of Asia-Pacific, Latin America and Middle East Africa will be the fastest developing market in the view of the rapid infrastructure development and healthcare expenditure. Growing awareness in these regions has also urged the governments for developing well-defined regulations for medical waste management.
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Issued By Chris Smith
Website Global Aerogels Market By Material, Form, Application And Geography Is Projected To Reach US$ 2.2 Bn By 2025
Phone 1-800-361-8290
Business Address Credence Research Inc. 105 N 1st ST #429 SAN JOSE CA 95103 United States
Credence Research Inc. 105 N 1st ST #429 SAN JOSE CA 95103 United States
Country United States
Categories Business , Marketing , News
Tags share , size , trends
Last Updated October 26, 2017