Brisk Insights published new report on "Aerogels Market 2016-2022"
According to a recently published report, the Global Aerogels Market is expected to grow at the CAGR of 20.23% during 2015-2022
According to a recently published report, the Global Aerogels Market is expected to grow at the CAGR of 20.23% during 2015-2022 and it is estimated to be $2.01 billion by 2022. The global aerogels market is segmented on the basis of type, form, application, processing and geography. The report on global aerogels market forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The global aerogels market is growing at a good pace and the factors responsible for driving the market are its increasing application in wide number of segments such as oil and gases, construction, Automotive, Marine & Aerospace etc. Other factors driving the market are superior quality of thermal resistance provided by the products because of which it finds its application in wide areas. Also its ecofriendly characteristic makes it worth using by various economies.
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Some of the factors acting as the hurdle for the market are high production cost and poor mechanical strength of the products manufactured from aerogels. The volatility in the end user industries has been limiting the growth of the market.
Some of the major players of the market include Aerogel Technologies LLC, BASF SE, Guangdong Alison Hi-Tech Co. Ltd etc.
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