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In terms of volume, North America held the largest share of the global aerogels market in 2014. The region constituted more than 55% share of the global aerogels market in 2014. Easy availability of raw materials, high growth in the insulation industry, and technological availability for the production of aerogels have boosted the aerogels market in the region. Europe is likely to be the fastest-growing regional market for aerogels during the forecast period. Increasing demand for residential and nonresidential insulation in construction industry and rising oil & gas exploration activities in developed countries in Europe are projected to drive the demand for aerogels in the region in the next few years. The aerogels market is anticipated to witness similar growth trend in developing regions; however, growth is expected to be marginally lower in this decade owing to the high price and unavailability of technological expertise associated with aerogels. Overall, the global market for aerogels is projected to expand significantly in the next eight years.

The global aerogels market is primarily driven by demand for insulating materials in oil & gas and construction industries. However, the availability of low-cost substitutes in various end-user industries coupled with manufacturing complexities is estimated to hamper market growth. Increase in commercialization and high demand for aerogels in the transportation industry are likely to act as opportunities for the aerogels market in the next eight years. The market for aerogels is significantly consolidated, with limited number of large players operating in developed regions. Key players in the aerogels market are Cabot Corporation, Aspen Aerogels, Inc., Aerogel Technologies, LLC, JIOS Aerogel Limited, Surnano Aerogel Co., Ltd, Svenska Aerogel AB, Green Earth Aerogel Technologies, BASF SE, Guangdong Alison Hi-Tech Co., Ltd. and Ocellus, Inc.

Research Report:http://www.transparencymarketresearch.com/global-aerogels.html

The report segments the global aerogels market as follows:

Aerogels Market – Product Segment Analysis

• Silica aerogels
• Metal oxide aerogels
• Carbon aerogels
• Others (Including polymer aerogels, etc.)

Aerogels Market – End-user Analysis

• Construction
• Oil & gas
• Transportation
• Electronics
• Others (Including pharmaceutical, etc.)

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