Latin America Aerogel Market Size & Outlook, 2022-2030
Latin America aerogel market, 2018-2030 (US$M)
Related Markets
Latin America aerogel market highlights
- The Latin America aerogel market generated a revenue of USD 28.9 million in 2022.
- The market is expected to grow at a CAGR of 17.7% from 2023 to 2030.
- In terms of segment, silica was the largest revenue generating product in 2022.
- Polymers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 28.9 million |
| Market revenue in 2030 | USD 105.9 million |
| Growth rate | 17.7% (CAGR from 2022 to 2030) |
| Largest segment | Silica |
| Fastest growing segment | Polymers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silica, Polymers, Carbon |
| Key market players worldwide | Aspen Aerogels Inc, Cabot Corp, Active Aerogels, Basf SE, Nano One Materials Corp, Dow Inc, Emerson Electric Co, TUNE, JIOS Aerogel Pte Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.8% of the global aerogel market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 237.3 million by 2030.
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Aerogel Market Scope
Aerogel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America aerogel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerogel market will help companies and investors design strategic landscapes.
Silica was the largest segment with a revenue share of 67.82% in 2022. Horizon Databook has segmented the Latin America aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is expected to be the leading revenue-generating country in Central & South America for the aerogel market owing to the surge in the utilization of aerogel in oil & gas industry coupled with increasing demand for aerogels in construction industry.
Rising number of commercial and residential construction projects has led to the expansion of construction industry in Latin America. Central & South America stands second, after Europe, in terms of energy efficiency for building & construction industry.
Increasing awareness among consumers regarding energy conservation coupled with government initiatives for green building has propelled the demand for materials that can reduce the carbon footprint and are energy efficient, thereby driving the aerogel market.
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Our clientele includes a mix of aerogel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aerogel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aerogel market size, by country, 2018-2030 (US$M)
Latin America Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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