Aerogels Market is Expected At a CAGR 8.8% of During the Forecast Period 2023-2028

 Robust expansion of the building and construction industry is the major factor accelerating the growth of the aerogel market in the forecast period of 2022-2029. Because of low density and low thermal conductivity, aerogel is considered as an ideal material for thermal protection and this factor is propelling the market in the forecast period of 2022-2029. Furthermore, growing demand from various end-use industries such as oil and gas, building and construction, automotive, aerospace and marine, and performance coatings is also expected to drive the growth of the aerogel market in the forecast period of 2022-2029. However, high cost and lack of customer awareness restrains the aerogel market, whereas, complex heating and supercritical drying will challenge market growth in the forecast period of 2022-2029.





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