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Showing posts with the label Aerogels Market for Oil and Gas

Global Aerogels Market to Expand at a CAGR of 15.2% 2015-2023 due Commercialization Efforts

Transparency Market Research has recently announced that it has published a new research report. The report, titled “ Aerogels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 ,” analyzes the market drivers and restraints that are impacting the trajectory of the overall market. According to the research report, the  global aerogels market  was valued at US$309.1 mn in 2014 and is expected to expand at a 15.2% CAGR between 2015 and 2023 to reach a valuation of US$1,093.2 mn by 2023. Aerogels are exceptionally lightweight materials that are made from a gel. They contain silica, air, and other materials that are stored in a tight three-dimensional porous structure. The liquid component of this gel is substituted with a gas, which makes this synthetic material solid, giving it peculiar characteristics of low thermal conductivity and very low density. The remarkable growth in the global oil and gas industry and the construction industry ...