Aerogel Market Is Expected to Reach $1,926.6 Million, Globally, by 2021
Silica aerogel is the most widely consumed raw material owing to its efficiency and lightweight. The carbon aerogel segment is anticipated to grow at the highest CAGR of 35.6% during the forecast period on account of its increasing applications across electronics, semiconductor, and supercapacitor industries. In addition, rising adoption of graphene (carbon based) aerogel in oil absorption and energy storage applications would further boost the growth of carbon aerogel segment during the forecast period.
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