Global Aerogels Market to Expand at a CAGR of 15.2% 2015-2023 due Commercialization Efforts Business Articles | December 21 DJ Moore Jersey , 2016
According to the research report, the global aerogels market was valued at US$309.1 mn in 2014 and is expected to expand at a 15.2% CAGR between 2015 and 2023 to reach a valuation of US$1,093.2 mn by 2023.
Transparency Market Research has recently announced that it has published a new research report. The report, titled “Aerogels Market - Global Industry Analysis, Size, Share, Growth Cheap Carolina Panthers Hats , Trends and Forecast 2015 - 2023,” analyzes the market drivers and restraints that are impacting the trajectory of the overall market. According to the research report, the?global aerogels market?was valued at US$309.1 mn in 2014 and is expected to expand at a 15.2% CAGR between 2015 and 2023 to reach a valuation of US$1,093.2 mn by 2023.
Aerogels are exceptionally lightweight materials that are made from a gel. They contain silica, air, and other materials that are stored in a tight three-dimensional porous structure. The liquid component of this gel is substituted with a gas, which makes this synthetic material solid Cheap Carolina Panthers T-Shirts , giving it peculiar characteristics of low thermal conductivity and very low density. The remarkable growth in the global oil and gas industry and the construction industry has been the primary growth driver for the global aerogels market. The demand for aerogels in the transportation industry is also expected to drive the overall market in the forecast period.
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The global aerogels market is segmented on the basis of product, end user, and region. The products available in this market are silica aerogels, carbon aerogels, and others such as polymer aerogels. The end users of aerogels are the oil and gas, construction, transportation Cheap Carolina Panthers Hoodie , electronics, and others such as pharmaceutical industries. Geographically, this market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.