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CHEMICALS AND ADVANCED MATERIALS

Polymer Aerogel Market Segmentation By Form (Blanket, Particle, Panel and Monolith); By Processing (Additives and Composites); By Application (Transportation, Oil & gas, Construction, Performance coating and Day-lighting & LVHS) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Polymer Aerogel Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Aerogel is porous, synthetic and ultra-light substance that is extracted from gel in which liquid component is replaced by gas. It is composed of the interconnected nanostructure. It is extremely lightweight and porous. Polymer aerogel are the strongest aerogel in comparison to other types of aerogel. Additionally, it contains low thermal conductivity and can be used as insulation material. The aerogel can be easily recycled which increases its cost effectiveness and make it eco-friendly. The aerogel contains air pockets and it takes maximum space within the material. The aerogel contains a hydroxyl group which can easily react with water. Polymer aerogel is one of the common type of aerogel. The various manufacturing process related to polymer aerogel are sol-gel process, drying methods and carbonization. The structure of polymer aerogel can be altered from nanoparticles to microfibrillar networks.

Market Size and Forecast

The global polymer aerogel market is anticipated to expand at a significant CAGR during 2017-2027. It is projected to reach significant market size by 2027. The thermal insulation property coupled with light weight of aerogel is anticipated to increase the market growth of the polymer aerogel during the predicted period.

The global polymer aerogel market can be segmented on the basis of form, processing and application. On the basis of application, it is sub-segmented into oil & gas, construction, performance coating, day-lighting & LVHS and transportation. Transportation sub-segment is further segment into automotive, marine and aerospace. Oil and gas sub-segment is anticipated to be the fastest growing sub-segment on the account of increasing demand for insulation of petroleum products. On the basis of processing, it is sub-segmented into additives and composites. On the basis of form it is further sub-segmented into blanket, panel, particle and monolith. The blanket sub-segment is anticipated to register significant growth during the forecast period on the account of its extensive application in pharmaceuticals, oil & gas and other industries.

By region, global polymer aerogel market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to be the leading region of the global polymer aerogel market on the account of increasing application of aerosol in various end-use industries such as automotive, marine and aerospace. Additionally, the increasing consumer awareness and presence of key market players is anticipated to boost the market growth in region. However, Asia-Pacific is anticipated to exhibit significant growth on the account of increasing R&D investment by various companies for developing varied range of polymers.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global polymer aerogel market in the following segments:

By Form:

  • Blanket
  • Particle
  • Panel
  • Monolith

By Processing:

  • Additives
  • Composites

By Application:

  • Transportation 
  • Automotive
  • Aerospace
  • Marine
  • Oil & gas
  • Construction
  • Performance coating
  • Day-lighting & LVHS

By Region

Global polymer aerogel market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Polymer Aerogel Market

Growth Drivers and Challenges

The enhanced thermal resistance property of the polymer aerogel is anticipated to fuel the market growth during the predicted period. The continuous environmental changes across the globe coupled with strict government norms are anticipated to increase the demand for polymer aerogel. The various end user industries such as construction, fabrication require better insulation material .Thus companies operating in the polymer aerogel market are continuously investing in order to develop low-cost alternatives. The various traditional insulation materials have much less efficiency in comparison to polymer aerogel. This indirectly drives the market growth of the polymer aerogel worldwide.

However, high production cost associated with the manufacturing of aerogel is a major factor anticipated to hinder the polymer aerogel market.

Key Players

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
  • Svenska Aerogel
  • Aspen Aerogels
  • Aerogel Technologies
  • Nano High-Tech
  • Cabot Corporation
  • Guangdong Alison Hi-Tech
  • Active Aerogels
  • Enersens
  • Jios Aerogel

 


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