The global aerogel market was valued at US$ 512.9 Mn in 2016 and is estimated to reach US$ 8,083.7 Mn in 2026 at a CAGR of 31.8% from 2017 to 2026. The oil & gas segment in the global aerogel market is estimated to account for majority revenue share of 60.9% in 2017.
Aerogel is a synthetic substance obtained by replacing liquid component with gas in the gel. Aerogel has extremely low density, high thermal resistance, and impact damping properties. Commonly used aerogel types are silicon and carbon. Aerogel can be recycled and reused hence increasing its application in various sectors and industries.
Companies profiled in the report are BASF, American Aerogel Corporation, Dow Corning, Cobot Corporation, Svenska Aerogel AB, Airglass AB, JIOS AEROGEL, Aspen Aerogels Inc., Active Space Technologies, Acoustiblok UK Ltd.