MarketsandMarkets: Global Aerogel Market Worth $1,379.6 Million by 2017
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MarketsandMarkets: Global Aerogel Market Worth $1,379.6 Million by 2017

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2 Pages
English

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MarketsandMarkets: Global Aerogel Market Worth $1,379.6 Million by 2017 PR Newswire DALLAS, July 2, 2012 DALLAS, July 2, 2012 /PRNewswire/ -- According to a new market research report, "Aerogel Market by Form and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Industrial & Cryogenic) - Global Trends and Forecasts up till 2017", published by MarketsandMarkets (http://www.marketsandmarkets.com), Aerogel market will grow from estimated $115.7 million in 2011. This value is expected to increase from $174.6 million in 2012 to $1,379.6 million by 2017 with 52% CAGR during the same period. North America is expected to lead the global aerogel production market with share of 57% followed by Europe (42%) and Asia (1%) in terms of production by the year 2011. Browse more than 90 market data tables with 22 figures spread through 161 pages and in-depth TOC on "Aerogel Market by Form and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Industrial & Cryogenic) - Global Trends and Forecasts up till 2017". http://www.marketsandmarkets.com/Market-Reports/aerogel-market-714.html Early buyers will receive 10% customization of report. The major drivers for aerogel global market growth are energy efficiency awareness, exclusive thermal performance of aerogel as an insulating material, environmental friendly life cycle of any aerogel form. The complicated and patented manufacturing process results in high cost of production reflecting high market price.

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MarketsandMarkets: Global Aerogel Market
Worth $1,379.6 Million by 2017
PR Newswire
DALLAS, July 2, 2012
DALLAS
,
July 2, 2012
/PRNewswire/ --
According to a new market research report,
"Aerogel Market by Form and
Application (Building Insulation, Oil & Gas, Aerospace, Automotive,
Industrial & Cryogenic) - Global Trends and Forecasts up till 2017"
,
published by MarketsandMarkets (http://www.marketsandmarkets.com),
Aerogel market will grow from estimated
$115.7 million
in 2011. This value is
expected to increase from
$174.6 million
in 2012 to
$1,379.6 million
by 2017
with 52% CAGR during the same period.
North America
is expected to lead the
global aerogel production market with share of 57% followed by
Europe
(42%)
and
Asia
(1%) in terms of production by the year 2011.
Browse more than 90 market data tables with 22 figures spread
through 161 pages and in-depth TOC on "Aerogel Market by Form and
Application (Building Insulation, Oil & Gas, Aerospace, Automotive,
Industrial & Cryogenic) - Global Trends and Forecasts up till 2017".
http://www.marketsandmarkets.com/Market-Reports/aerogel-market-714.html
Early buyers will receive 10% customization of report.
The major drivers for aerogel global market growth are energy efficiency
awareness, exclusive thermal performance of aerogel as an insulating material,
environmental friendly life cycle of any aerogel form. The complicated and
patented manufacturing process results in high cost of production reflecting
high market price. This can be seen as a restraint for aerogel market.
North America
holds major market share in aerogel market and
Europe
is the
second largest manufacturer. R&D initiatives by American companies and
government have helped its manufacturers to get the first mover advantage.
North America
market share is 57% in the global aerogel production,
Europe
has 42% of share and Asian companies are still in the first stage and account
for only 1% of the total production.
In North America U.S. is the largest manufacturer and market is lead by Aspen
Aerogel, American Aerogel and Cabot Corp. However in
Europe
,
Germany
dominates the market and Cabot is the largest manufacturer of aerogel in
Europe
. Small Chinese players and one prominent Malaysian company called
MaeroTech leads the Asian markets.
The
aerogel market
is segmented in three geographies namely
North
America
,
Europe
and
Asia
. The aerogel market by application is segmented in
major five applications as building insulation, oil and gas, aerospace,
automotive, industry and cryogenics.
The report also touches on various other important aspects of the market. It
includes an analysis of the value chain, a Porter's five forces analysis, the
competitive landscape, a raw material analysis, patent analysis, as well as the
production process. It also includes an analysis of the production cost. In
addition, 11 key players of this market have also been profiled.
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