Aerogel Industry Technological Improvements Steering Growth During 2022-2030
Aerogel Market Market Research Future (MRFR)’s new report highlights that the global aerogel market is set to expand at a healthy CAGR during the forecast period 2022 to 2030. Aerogel has developed application across various industries such as oil & gas, building insulation, aerospace, transportation, electronics, and others. The growth of the end-user industries is likely to drive the expansion of the global market over the assessment period. Meanwhile, the increasing demand from the burgeoning automotive industry is projected to have a relatively higher impact on the proliferation of the aerogel market in the upcoming years. Silica aerogel offers low density, high transparency, low thermal conductivity, etc. which makes it suitable for various uses such as pollution filters, supercapacitors, absorbents, etc. The demand for silica aerogel is expected to witness an upswing over the next couple of years. It is projected to propel the expansion of the global Aerogel Market during