Press Release

China Aerogel Market Projected to Grow at Steady Pace During Forecast Period

Rising product demand from various end user industries and technological advancements to propel the growth of China aerogel market

According to TechSci Research report, China Aerogel Market By Type, By Form, By Processing, By Application, By Region, Competition, Forecast & Opportunities, 2024 the China aerogel market is expected to register significant growth through 2024, which can be attributed to the factors such as rapidly growing advancements and innovations in the material quality to enhance its properties along with the abundant usage of the product in various manufacturing applications. Moreover, aerogel is a material which can be reused consecutively for a chain of applications which is likely to boost the demand for aerogels in the country. However, the factors that can act as major impediments to the market growth in the upcoming years are poor mechanical strength of aerogels coupled with high manufacturing cost.

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The China aerogel market is segmented based on type, form, processing, application, region and company. Based on form, the market can be segregated into blanket, panel, particle, and monolith. Out of which the blanket segment dominated the market in terms of largest market share until 2018 and is anticipated to maintain its lead during the forecast period as well attributable to surging demand from oil and gas industry, along with applications in construction industry. In terms of application, the China aerogel market is segmented into oil & gas, construction, transportation, performance coating and others. Among these, oil & gas application is expected to account for the majority share in the market over the coming years on the account of properties such as superior thermal resistance and reduced thickness of aerogels that shows high potential for growth in oil and gas sectors where prime importance is given to insulation.

Nano High-Tech, Guangdong Alison Hi-Tech, Aspen Aerogels, Aerogel Technologies, Guizhou Aerospace, Green Earth Aerogel Technologies, Jios Aerogel Corporation and others are some of the leading players operating in China aerogel market.

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“In terms of processing, the market is categorized into virgin, composites, and additives. Among them, virgin aerogel dominated the market until 2018 and is likely to witness highest growth in the coming years owing to its extensive usage in the automotive sector and construction applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

China Aerogel Market By Type, By Form, By Processing, By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of China aerogel market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in China aerogel market. 

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