Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.2 Billion | USD 25.2 Billion | 9.3% | 2022 |
FrequentlyAsked Questions
Aerogels are easily available in form of panels, blankets, blocks, and powders. Moreover, blankets are the most commonly used blanket forms of aerogels as they can be easily handled. Furthermore, blankets are formed by combining silica aerogels and flexible fibers. In the case of piping insulations, blankets prove to be convenient for refinery pipe wrapping with apt sheets.
The Europe blanket aerogel market is projected to expand over 2023-2030 due to a rise in penetration of blanket aerogel in the construction and clothing sectors is predicted to boost the blanket aerogel market trends in Europe. Moreover, large-scale use of the product in the aerospace sector will expand the scope of the market surge in Europe.
According to study, the Europe blanket aerogel market size was $12.2 billion in 2022 and is projected to reach $25.2 billion by the end of 2030.
The Europe blanket aerogel market is anticipated to record a CAGR of nearly 9.3% from 2023 to 2030.
Germany will account for a major market share in the upcoming years subject to the large presence of giant automotive manufacturers in the country. Moreover, the high demand for blanket aerogel in the automotive sector in the country will prop up the growth of the market in Germany.
The Europe blanket aerogel market is led by players like ZhengZhou Joda Technology Co. Ltd., Enersens Aerogel, Cabot Corporation, Active Aerogels, SVENSKA AEROGEL AB, Green Earth Aerogel Tehnologies, Acoustiblok UK Ltd., Aspen Aerogels Inc., Armacell International S.A., Aerogel Technologies LLC, and Airglass AB.
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