Silica Aerogel Market Size, Sales Volume and Growth Opportunities till 2023
Global Silica Aerogel Market is anticipated to grow considerably in the forecast period owing to the growing demand from several end-use industries like building & construction, oil & gas, automotive, aerospace, performance coating and marine. Aerogel is the synthetic ultra-light material derived from gel, where the liquid element of the gel is replaced with gas. Silica aerogels are the most common type of aerogel varieties. It is a nanostructured material with high specific surface area, low density, low dielectric constant, high porosity, and excellent heat insulation properties. The different type of aerogels used are carbon, silicon, and polymers, etc. Silica aerogels are most widely used, which are derived by a revised stober process. Silica aerogel hold multiple properties like cost-effective, enhanced thermal insulation and recyclable, due to which it is used in several end-user industries. Owing to these properties, market is projected to rise considerably with a CAGR of 22.06% in the coming years.
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