Growing Demand for Aerogels from Emerging Applications to Open Growth Opportunities for Manufacturers, reports TMR
The entry of new Chinese companies in the global aerogels market has increased the competition level for the existing players, reports Transparency Market Research in a new study. The aerogels market has a moderate degree of competitive rivalry due to the existence of few key companies with a strong global potential. The leading companies in the global aerogels market are Aspen Aerogels, Inc., Cabot Corporation, Aerogel Technologies, LLC, and Surnamo Aerogel Co.Ltd., with nearly 77% of the global market in 2014. The players operating in the global aerogels market are also involved in the production of raw materials used in the manufacturing of aerogels. Thus, companies involved in integrated manufacturing have diverse advantages in terms of product quality and cost. Leading players in the global aerogels market are backward integrated as it strengthens their position in the market. The present level of consolidation is expected to decline due to the widening sc...