Saudi Arabia Aerogel Market – Growth, Overview & Outlook

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 the 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, the 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 aerogels 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

1. Armacell International S.A
2. Active Aerogels
3. Aerogel Technologies LLC
4. Aspen Aerogel Inc.
5. BASF SE
6. Cabot Corporation
7. Dow Inc.
8. JIOS Aerogel
9. Svenska Aerogel AB
10. Thermablok Aerogels Limited etc.

The objective of the Study:

• To analyze and forecast the 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.

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.

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Table of Content

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer

4.1.     Product Awareness

4.2.     Pricing

4.3.     Product Quality

5. Impact of COVID-19 on Saudi Arabia Aerogel Market
6. Saudi Arabia Aerogel Market Outlook

6.1.     Market Size & Forecast

6.1.1.   By Value

6.2.     Market Share & Forecast

6.2.1.1. By Type (Silica, Carbon, Polymer & Others)

6.2.1.2. By Form (Blanket, Particle, Panel & Monolith)

6.2.1.3. By Processing (Virgin, Composites & Additives)

6.2.1.4. By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)           

6.2.2.  By Region

6.2.3.  By Company

6.3.     Market Attractiveness Index

6.3.1.   By Type

6.3.2.   By Form

6.3.3.  By Processing

6.3.4.  By Application

6.3.5.   By Region

7. Saudi Arabia Silica Aerogel Market Outlook

7.1.     Market Size & Forecast

7.1.1.  By Value

7.2.     Market Share & Forecast

7.2.1.1. By Form

7.2.1.2. By Processing

7.2.1.3. By Application

8. Saudi Arabia Carbon Aerogel Market Outlook

8.1.     Market Size & Forecast

8.1.1.  By Value

8.2.     Market Share & Forecast

8.2.1.1. By Form

8.2.1.2. By Processing

8.2.2.  By Application

9. Saudi Arabia Polymer Aerogel Market Outlook

9.1.     Market Size & Forecast

9.1.1.  By Value

9.2.     Market Share & Forecast

9.2.1.1. By Form

9.2.1.2. By Processing

9.2.2.  By Application

10. Saudi Arabia Other Aerogel Market Outlook

10.1. Market Size & Forecast

10.1.1.   By Value

11. Market Dynamics

11.1.     Drivers

11.2.     Challenges

12. Trends & Developments
13. Policy & Regulatory Landscape
14. Saudi Arabia Economic Profile
15. Competitive Landscape

15.1.  Company Profiles (Top Leading Companies)

15.1.1.           Armacell International S.A,

15.1.2.           Active Aerogels

15.1.3.           Aerogel Technologies LLC

15.1.4.           Aspen Aerogel Inc.

15.1.5.           BASF SE

15.1.6.           Cabot Corporation

15.1.7.           Dow Inc.

15.1.8.           JIOS Aerogel

15.1.9.           Svenska Aerogel AB

16                          16. Thermablok Aerogels Limited Strategic Recommendations