The global aerogel market is expected to reach USD 1.92 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for high thermal resistance products is expected to drive demand for aerogel over the next few years. In addition, lightweight and compressed size of the material makes it a favorable option for thermal insulation. Building & construction is anticipated to witness highest growth at a CAGR of 38.6% over the forecast period. Increasing number of infrastructure projects, particularly in Asia Pacific, is expected to drive demand for lightweight materials. Rising awareness regarding the benefits of the product is expected to augment its use in these end-uses over the forecast period.
http://www.grandviewresearch.com/industry-analysis/aerogel-market
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