November 27, 2022

The global silicon dioxide aerogel market is expected to steadily expand in the foreseeable years because of the rising adoption of new chemical compounds in diverse industries. Fortune Business Insights™ shares this information in its report titled “Silicon Dioxide Aerogel Market, 2021-2028.

Chemicals play a critical role in advancing technologies and industries today are constantly exploring materials and compounds to develop new products with a wide range of applications. Silicon dioxide is one such innovation. It is a white, solid oxide of silicon that can be found in nature and prepared in a laboratory. It can be extensively obtained as fused quartz, fumed silica, aerogel, or regular silica. Aerogel is a synthetic, extremely light, and porous material prepared by replacing liquid gel with gas that feels like delicate expanded polystyrene upon touch. This compound is also utilized in space exploration for collecting space dust, as it is challenging to capture the dust with any other material. 

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Updated Welded Wire Mesh Market News and Forecast Analysis

The Welded Wire Mesh Market is a successful enterprise that employs a large number of people and has a significant impact on the global economy. Many readers of this newsletter may be interested to know the trends that will influence the Welded Wire Mesh Market in the near future. This article provides a summary of some of these trends, including a few perspectives related to their relevance.

Segments

Based on product type, the market is segmented into micro silicon dioxide aerogel, ultrafine silicon dioxide aerogel, and others. On the basis of application, it is segregated into construction, oil & gas, marine, aerospace, automotive, and others. Geographically, it is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights of the Report

The report analyzes the leading market segments and the recent trends of the market. It comprehensively discusses the market’s drivers and restraints and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies implemented by the market’s key players.

Drivers and Restraints

Rising Demand from End-User Sectors to Positively Affect Market Growth

There is a rise in the demand for silicon dioxide aerogel in numerous sectors, such as aerospace, oil & gas, chemical, and automotive, due to its insulating properties and excellent thermal conductivity. NASA has been utilizing this compound for niche space applications. For example, NASA has prepared a comet dust collector using aerogel in a tennis racket-shaped collector in the Stardust spacecraft. The dust particles are incredibly lightweight as they are composed of air. Further, the rapid adoption of silicon in imaging devices, light guides, and optical devices is expected to drive market growth.

Physical contact with silica particles can cause respiratory diseases such as lung cancers and other conditions such as silicosis, thereby hampering the market growth.

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Scope of the Report:
An in-depth analysis of statistics on current and emerging trends provides clarity regarding Silicon Dioxide Aerogel market dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Silicon Dioxide Aerogel market research data of various companies, benefits, gross margin, global Silicon Dioxide Aerogel market strategic decisions, and more through tables, graphs, and figures. infographics.

Regional Insights

Increasing demand for Oil & Gas in India and China to Boost the Asia Pacific Market

The Asia Pacific region is expected to dominate the silicon dioxide aerogel market share in the upcoming years because of the rising demand for new-age compounds from several industries in the region. Developing countries such as India and China will further elevate this demand due to the rapid escalation in the demographics of their respective territories.

North America is anticipated to be the second-largest shareholder of the market because of the growing demand for silicon dioxide aerogel from aerospace and oil & gas manufacturing companies. On the other hand, the market in Europe will significantly grow because of the soaring demand for the product from the automotive sector.

Competitive Landscape

Implementation of Crucial Strategies to Enable Companies to Produce Quality Products

The competitive players of the market have undertaken joint ventures to produce new and high-quality products. For example, BASF and Aspen Aerogels undertook a joint venture in May 2018 to announce their latest products named Slentex and Slentine, made by using inorganic aerogel material, at the Insulation Expo Europe held in the city of Cologne. In addition, companies are showcasing several advancements in production technologies to attract consumers and create a great brand image. 

Industry Developments

April 2019: BASF and Aspen Aerogel extended their planned partnership to produce a brand new thermal insulation product named Slentex that is non-combustible and provides superior performance.

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List of Key Players Covered in the Silicon Dioxide Aerogel Market Report

  • BASF
  • Acoustiblok
  • Aspen Aerogel
  • ConocoPhillips
  • JIIOS Aerogel
  • Royal Dutch Shell Dow Chemical
  • Active Space Technologies
  • Cabot Corporation
  • Honeywell International
  • Wacker Chemie

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