AEROGELS MARKET ANALYSIS

Regional Analysis

Geographies Covered

• In North America, the US is a major shale producer, enabling the use of aerogels in shale gas pipelines. This has resulted in North America being a major player in the shale market. NASA has successfully used aerogel as a hyper-velocity particle capture and thermal insulator in its space missions. The U.S. is the top consumer of aerogel materials globally.
• As the Middle East is a major oil exporter, the use of aerogels in its pipelines has increased. The Middle East has connections to various nations. The use of aerogels in its pipelines improves the ease of transport.
• In Europe, the growth of the aerogel market depends mainly on the improving economies of countries such as the U.K. and Sweden. The subsequent increase in investment and technologies coupled with a rise in the number of new industrial establishments can lead to the development of Europe as a prominent market for aerogels.
• In Asia, the development of the construction and automobile sector is an important factor for the growth of the aerogel market. Developing countries such as India and China have increased the use of aerogel for safer and efficient constructions of buildings, as thermal insulators.
• In Africa, aerogels have a widespread use among various industrial sectors such as oil & gas, construction, production of automobiles, etc. As Africa is home to a number of developing countries, the aerogels prove to be an important component.
• In South America, Venezuela is one of the largest oil producers. The growth of the housing sector combined with the important use of aerogel as an insulator would improve the potential of the aerogel market in this region.