Airgel Market Size, Share, Growth, Application, Raw Materials, Trend Analysis, Region and Forecast 2021-2027

Global airgel market

The Airgel Market will grow lucratively during the period 2021-2022. Major companies in this report are Aspen Airgel, BASF, Cabot, Dow, JIOS Airgel and others.

PORTLAND, OREGON, USA, Sept. 15, 2022 /EINPresswire.com/ — Airgel Market report offers in-depth analysis of key growth strategies, drivers, opportunities, key segment, analysis of Porter’s five forces and the competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain an in-depth understanding of the industry and determine the steps to be taken to obtain a competitive advantage. Allied Market Research indicates that the global airgel market size exceeds USD 701.00 million in 2019 and is expected to exceed USD 1.39 billion by 2027, registering a CAGR of 9.3% from 2020 to 2027.

The growth of the airgel market is driven by the increasing demand for airgel from automotive, oil and gas industries owing to its high durability and fire resistance properties. However, the high cost associated with airgel production is expected to limit the brand’s growth. Also, surge in demand for airgel-based garments is expected to provide new growth opportunities during the forecast period.

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According to the region, North America held the majority share in 2019, with nearly two-fifths of the total global airgel market share, and will maintain its highest contribution throughout the forecast period. This is due to increased consumer awareness of global warming, which in turn is improving the adoption of airgel in industrial and domestic applications. However, Europe is expected to maintain the highest CAGR of 10.6% during the forecast period owing to the presence of technologically developed countries including France, Germany, and Italy, as well as European government green initiatives.

Airgel characteristics such as excellent thermal resistance, reusability and recyclability to enhance durability, as well as high durability and fire protection are driving the growth of the global airgel market. However, high production costs are hampering the growth of the market. On the other hand, increasing demand for airgel-based garments, adoption of lightweight and protective gears and application in oil spill cleanup are creating new opportunities in the coming years. .

By app

1. Building insulation
2. Oil and Gas
3. Aerospace
4. Automotive
5. Health
6. Chemical
7. Electronics
8. Clothes
9. Other

Based on form, the blankets segment accounted for more than two-thirds of the global airgel market in 2019 and is expected to maintain its leading status on the basis of revenue by 2027. This is due to the increase in implementation in building insulation and oil and gas. Industries. However, the particle segment is expected to show the highest CAGR of 11.0% from 2020 to 2027, due to the increase in the use of water-resistant coatings, thermal insulation coating preparations and paint formulations.

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Based on raw materials, the silica segment held the highest market share in 2019, accounting for more than two-thirds of the global airgel market, and is expected to maintain its dominant position during the forecast period. This is attributed to the increase in demand from different end-use industries. However, the carbon segment is estimated to experience the highest CAGR of 11.5% from 2020 to 2027, due to its use in energy storage devices such as supercapacitors and hydrogen cells.

Covid-19 scenario

• Airgel demand from end-user sectors such as construction and oil & gas has seen a significant decline due to business disruptions in these sectors during the Covid-19 pandemic.
• Airgel manufacturers have halted their manufacturing activities due to a shortage of raw materials such as silica, carbon and others, as the supply chain has been disrupted by restrictions during the lockdown.

Main market players

• Armacell International SA
• Active aerogels
• Airgel Technologies LLC
• Aspen Airgel Inc.
• BASF SE
• Cabot Corporation
• Dow Inc.
• JIOS Airgel
• Svenska Airgel AB
• Thermablok Aerogels Limited

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Europe roofing airgel market

building insulation materials market

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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