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

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.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based

in the U.S. We publish strategically analyzed market research reports and serve

as a business intelligence partner to Fortune 500 companies across the world.

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about us and our reports, please visit our website

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