London, UK (PRWEB) July 02, 2014
In 2013, the value of the worldwide aerogel market stood at approximately USD 221.8 million. Furthermore, the aerogel market is poised to see robust growth in the next 7 years, posting a 36.4% CAGR; and is anticipated to exceed USD 1.89 billion by 2020. The market growth will likely be spurred by the ongoing advancements of the industry, continuous innovation of the materials and also introduction of novel application areas. High production cost is the major resistor of the world market growth as the burden gradually slides towards the consumers. At the same time, the aerogel market is considered to have a wide range of lucrative opportunities in future.
The acoustic insulation is the most rapidly-growing application segment, which is forecast to witness burgeoning growth at a 46.3% CAGR through 2020. Meantime, the European aerogel market is the fastest growing geographical market driven primarily by the local governments’ green initiatives coupled with the increasing demand for industrial and building insulators. The European market is forecast to grow at a 38.4% CAGR between 2013 and 2020.
In-demand research report “Global Aerogel Market (Raw material, Form, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020” worked out by Allied Market Research is now available at MarketPublishers.com.
Title: Global Aerogel Market (Raw material, Form, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020
Published: June, 2014
Price: US$ 4,515.00
The topical report offers an insightful overview of the world aerogel market, traces the historical evolution of the market as well as throws light on the current market scenario. It uncovers a set of vital market data, reviews the situation in the different geographical markets, investigates the key factors influencing the market growth and summarizes the prevailing market trends. The research report identifies the key market players, characterizes their business performance and uncovers data on their strategic initiatives; furthermore, it features the competitive climate within the world aerogel market and provides a detailed analysis of the key market segments. The study offers a comprehensive assessment of the world aerogel market on the basis of form, raw materials, geography and application; and also gives extensive projections of the world aerogel market performance through 2020.
More topical research reports by the publisher can be found at Allied Market Research page.