Global Aerogel Market: Analysis and Insights
For the forecast period of 2020 to 2027, mixed aerogel is predicted to expand at a rate of 12.6 percent. The rapid need for higher thermal resistance material for construction activities is driving the expansion of the aerogel market, according to the report.
Growing demand from various end-use industries, including oil and gas, building and construction, automotive, aerospace and marine, and performance coatings, is driving the Aerogels Market. The building and construction industry's rapid expansion will boost demand for aerogel over the projection period, as numerous residential and commercial construction projects spring up around the world.
Aerogel materials are in high demand in the oil and gas industry because they minimise thickness and provide superior heat resistance.
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