[Latest] Global Aerogel Market Size/Share Worth USD 1190 Million by 2028 at a 10.78% CAGR: Facts Factors

Facts and Factors estimates that the global aerogel market size was worth USD 702.9 million in 2021 and would increase to USD 1190 million by 2028 at a compound annual growth rate (CAGR) of 10.78%.

Aerogel is the lightest solid by replacing gel's liquid with gas. The worldwide aerogel market may grow if certain restricting issues are addressed. It has been called the material of the future. Its 99.98% air volume makes it difficult to produce, yet science scholars prefer aerogel since no other solid substance matches its features.

Since Samuel Kreitler's 1931 bet, the substance has garnered attention throughout sectors. The material is solid, stiff, and dry, not gel-like as its name implies. Aerogels are robust, but high strain can shatter them like glass. Silica-based aerogel, which is 97% air and 3% silica, has good insulation. Air is thermally insulating, thus silica-based aerogels are too. They may not insulate radiative heat well.

Industry Growth Factor

The global aerogel market is driven by construction, marine, and aerospace. Aerogel-between-glass construction windows are common. Lighter, better-insulated three-layer windows. Construction was worth USD 249.9 in 2022 and may grow 7.78% by 2030.

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NYC has about one million structures of all kinds. Industrialization, commercialization, and high-rise buildings should increase construction. Cotton aerogel, used to produce jackets and minimise winter clothing bulkiness, may improve the global market cap.

Some of the leading players in the global market include

Armacell, Nano Technology, BASF, Enersens, Cabot Corporation, and Dow.

The global aerogel market is segmented as follows:

By End User

• Oil & Gas
• Automotive
• Marine
• Aerospace
• Building & Construction
• Others

By Product

• Polymers
• Carbon
• Silica
• Others

By Form

• Particle
• Blanket
• Monolith
• Panel

For More Information, Read - https://www.fnfresearch.com/aerogel-market

Regional Insight by FnF Research

North America will dominate aerogel sales. Construction revenues should help US regional growth. USA has many 100-story towers. Modern industry and the US economy make it a construction leader.

Commercial building energy efficiency initiatives in Europe may enhance growth. Energy-efficient aerogel windows are popular. Misinstalled windows waste 30% of a room's cooling or heating energy.

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