New report published by Global QYResearch which offers insights on the global Silica Aerogel Blanket market. The Silica Aerogel Blanket market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Silica Aerogel Blanket is expected to reflect a 3.9x increase in the revenue growth. In 2017 the global Silica Aerogel Blanket market was valued at US$ 310 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 1,210 Mn growing at a value CAGR of 18.3% throughout the period of forecast.
Global Silica Aerogel Blanket Market: Market Driver and Restraint
Applications of Silica Aerogel Blanket are anticipated to create new business segments in the market. Silica Aerogel Blanket is in use for a broad range of Building Insulation products such as building exterior insulation, oil and gas pipeline insulation & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Silica Aerogel Blanket application is developed towards a more active mode.
Manufacturers are exploring the potential of Silica Aerogel Blanket in Oil & Gas Consumables. Application of Silica Aerogel Blanket in aerospace material are gaining traction in the recent years. Recently, manufacturers have started using Silica Aerogel Blanket in the Transportation area. Further, there are also potential uses in the areas of residential use consumer goods.
Global Silica Aerogel Blanket Market: Key Takeaways
Global Silica Aerogel Blanket Market: Forecast by Thickness
This segment includes Below 5mm Thickness, 5mm to 10 mm Thickness, etc. In terms of volume, Below 5mm Thickness segment is expected to remain dominant in the global Silica Aerogel Blanket market.
Global Silica Aerogel Blanket Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. North America is the dominant market in the global Silica Aerogel Blanket market in terms of value. The North America Silica Aerogel Blanket market was estimated to be valued at US$ 98.97 Mn in 2017 and is expected to expand at a value CAGR of 20.1% over the forecast period. The Europe market is expected to expand at a robust rate of 19.0% in terms of revenue over the forecast period due to the steadily increasing production capacity for building exterior insulation products in this region.
Global Silica Aerogel Blanket Market: Key Players
Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, Jios Aerogel Corporation, Indulge High-Tech, Guizhou Aerospace, Green Earth Aerogel Technologies (GEAT), etc. are the key vendors included in this report.
The market concentration of Silica Aerogel Blanket is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. Aspen Aerogels Chemical is by far the leader, followed by Cabot Corporation and Aerogel Technologies. Key Vendors like Nano High-Tech ,Guangdong Alison Hi-Tech , and Active Aerogels, also play important part in regional market, so the market share in each region is quite different.
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