Current and Projected Aerogel Market size in terms of volume and value 2015-2025 by FMI Estimate
The global aerogel market is on the rise due to increased applications of aerogel in industries such as oil & gas, marine, automotive, and aerospace. Aerogel is an extremely low density solid material, mainly composed of air, and is manufactured using conventional gel. Global aerogel market consists of material exhibiting numerous properties, making it suitable for the applications in aforementioned industries. These properties include thermal & acoustic damping, low density, high degree of porosity and other desired properties in various applications industries. In addition to the abundant uses of aerogel in industrial applications, one of the key reasons for increasing global aerogel market is due to the fact that the material is being witnessed as a good replacement for thermal insulation materials, since it is providing cost competitiveness to other high performance thermal insulating materials.
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