Impact of COVID-19 on the Aerogels Market: Recovery Outlook and Strategies for Growth

 


Industry Analysis

According to Data Bridge Market Research, the aerogel market is predicted to grow at a compound annual growth rate (CAGR) of 12.13% during the forecast period of 2022-2029. Aerogels are a type of synthetic material that is created by replacing the liquid component of a gel with gas through supercritical drying. These materials have a unique interconnected nanostructure network with at least 50% porosity. Despite being solid, they are incredibly lightweight and have low thermal conductivity, making them an excellent insulation material.


Market Insights and Scope

The aerogel market is projected to experience significant growth between 2022 and 2029, largely due to the robust expansion of the building and construction industry. This is because aerogel, with its low density and thermal conductivity, is highly regarded as an effective material for thermal protection. Additionally, the market is expected to be propelled by increasing demand from a range of end-use industries including oil and gas, building and construction, automotive, aerospace and marine, and performance coatings. However, the high cost and lack of customer awareness are factors that will constrain the aerogel market, and the complex heating and supercritical drying process will also pose challenges to market growth during the forecast period. Nonetheless, there will be opportunities for the aerogel market during this time as adoption of aerogel remains lower compared to other insulating materials.


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https://wowligo.fun/blogs/7272/Exploring-the-Aerogels-Market-Size-Share-Growth-and-Future-Prospects

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