Saudi Arabia Aerogel Market - Predicted Growth, Trends, Opportunity & Analysis
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 rapidl...