India Aerogel Market Analysis By Industry Size, And Share, Manufacturers, Demand Forecast 2025
India aerogel market is anticipated to undergo substantial rate of growth by 2025, owing to the increasing application of aerogels in various end use industries such as oil & gas, marine and automotive. Further, the growing demand for superior thermal resistive material and low density solid material are some of the other key factors propelling the demand for aerogel in India. The increasing production and sales of light weight and fuel efficient vehicles is expected to create a huge opportunity for the growth of aerogel market during the forecast period. Aerogels are extremely porous and very low in density. They are solid to the touch. This translucent material is considered one of the finest insulation materials available. Apart from growth factors, aerogel market also faces some restrains in the Indian market. The higher cost of aerogel compared to the conventional insulation materials is causing a hindrance to the overall market growth in the country. India aerogel marke...