Saudi Arabia aerogel market is projected
to grow at a formidable rate during the forecast period. The market growth can
be attributed to the rising demands for aerogel across various end-user
industries such as oil & gas, construction, transportation, performance
coating, etc. and growing use of electric vehicles. Increasing use of electric
vehicles and recent development of product line of aerogel thermal barriers for
utilization in lithium-ion batteries are expected to propel the growth of the
Saudi Arabia aerogel market. Moreover, growing use of aerogels in automotive and
construction applications, increasing number of new entrants in the market and growing
globalization are some of the other factors, which are expected to fuel demand
for aerogel over the next five years. Furthermore, rising demand from various
end-use industries such as oil and gas, building and construction, automotive,
aerospace and marine, performance coatings, etc. and rapidly evolving battery
technologies are driving the growth of the global aerogel market. However, lack
of customer awareness and high cost are some of the factors that could restrain
the growth of Saudi Arabia aerogel market.
Saudi Arabia aerogel market is segmented
on the basis of type, form, processing, application, company, and region. Based
on type, the market is further fragmented into silica, carbon, polymer, and
others. The silica aerogel is anticipated to dominate Saudi Arabia aerogel
market during the forecast period. Silica aerogel exhibits excellent heat
endurance and thermal insulation properties, which is boosting their demand
across various end-use industries. Based on the form, the market is further
divided into blanket, particle, panel, and monolith. The blanket form segment
held the largest share in Saudi Arabia aerogel market owing to their high
penetration in building applications. Based on the processing, the market is
further segmented into virgin, composites & additives. Based on the
application, the market is further divided into oil & gas, construction,
transportation, performance coating & LVHS, and others.
Some of the major players operating in the Saudi Arabia
aerogel market are Armacell
International S.A, Active Aerogels, Aerogel Technologies LLC, Aspen Aerogel
Inc., BASF SE, Cabot Corporation, Dow Inc., JIOS Aerogel, Svenska Aerogel AB,
and Thermablok Aerogels Limited etc.
Objective of the Study:
- To analyze and forecast market size of the Saudi
Arabia aerogel market, in terms of value.
- To define, classify and forecast the Saudi
Arabia aerogel market on the basis of type, form, processing &
application.
- To scrutinize the detailed market segmentation
and forecast the market size, in terms of value, on the basis of type by
segmenting Saudi Arabia aerogel market into, types namely, silica, carbon,
polymer & others.
- To identify tailwinds and headwinds for the Saudi
Arabia aerogel market.
- To examine competitive developments such as
expansions, new launches, supply contracts, and mergers & acquisitions
in the Saudi Arabia aerogel market.
- To strategically profile the leading players,
which are manufacturing aerogel in Saudi Arabia.
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TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of aerogel manufacturers in Saudi Arabia. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include manufacturers that
could not be identified due to the limitations of secondary research. TechSci
Research analysed type, form, processing, application and regional presence of
all major aerogel manufacturers across the country.
TechSci
Research calculated the market size for the Saudi Arabia aerogel market using a
bottom-up approach, where manufacturers’ value sales data for different type of
(silica, carbon, polymer & others), Aerogel was recorded as well as
forecast for the future years was made. TechSci Research sourced these values
from industry experts and company representatives, and externally validated
through analyzing historical sales data of respective providers to arrive at
the overall market size. Various secondary sources such as all Saudi Arabia Aerogel
manufacturers, Suppliers, association, company annual reports, white papers,
investor presentations and financial reports were also used by the TechSci
Research.
Key Target Audience:
- Saudi
Arabia aerogel manufacturers
- Research
organizations and consulting companies
- Associations,
organizations and alliances related to aerogel
- Government
bodies such as regulating authorities and policy makers
- Industry
associations
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders, such as Aerogel
manufacturers and policy makers,
which market segments
should be targeted over the coming years (next five years) in order to
strategize investments and capitalize on growth of the market.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Type
·
Form
·
Processing
·
Application
|
|
Region
Scope
|
Central
Region, Western Region, Eastern Region, Northern Region, Southern Region
|
|
Key
Companies Profiled
|
Armacell
International S.A, Active Aerogels, Aerogel Technologies LLC, Aspen Aerogel
Inc., BASF SE, Cabot Corporation, Dow Inc., JIOS Aerogel, Svenska Aerogel AB,
and Thermablok Aerogels Limited.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Saudi Arabia aerogel market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Saudi
Arabia Aerogel Market, by Type:
- Saudi
Arabia Aerogel Market
- Silica
- Carbon
- Polymer
- Others
- Saudi
Arabia Aerogel Market, by Form:
- Blanket
- Particle
- Panel
- Monolith
- Saudi
Arabia aerogel Market, by Processing:
- Virgin
- Composites
- Additives
- Saudi
Arabia aerogel Market, by Application:
- Oil
& Gas
- Construction
- Transportation
- Performance
Coating
- Day-lighting
& LVHS
- Others
- Saudi
Arabia aerogel Market, by Geography:
- Central
Region
- Western
Region
- Eastern
Region
- Northern
Region
- Southern
Region
Competitive Landscape
Competition Benchmarking: Benchmarking of
leading 10 players
Company Profiles: Detailed analysis of the major
companies present in the Saudi Arabia aerogel market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to the company’s specific needs. The following
customization options are available for the report:
Channel Partner Analysis
- Detailed
list of manufacturers and suppliers across the country.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Product Information
Detailed analysis of new services
in the market and their driving forces in the market