MarketsandMarkets: Global Aerogel Market Worth $1,379.6 Million by 2017

MarketsandMarkets: Global Aerogel Market Worth $1,379.6 Million by 2017 PR Newswire DALLAS, July 2, 2012 DALLAS, July 2, 2012 /PRNewswire/ -- According to a new market research report, "Aerogel Market by Form and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Industrial & Cryogenic) - Global Trends and Forecasts up till 2017", published by MarketsandMarkets (http://www.marketsandmarkets.com), Aerogel market will grow from estimated $115.7 million in 2011. This value is expected to increase from $174.6 million in 2012 to $1,379.6 million by 2017 with 52% CAGR during the same period. North America is expected to lead the global aerogel production market with share of 57% followed by Europe (42%) and Asia (1%) in terms of production by the year 2011. Browse more than 90 market data tables with 22 figures spread through 161 pages and in-depth TOC on "Aerogel Market by Form and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Industrial & Cryogenic) - Global Trends and Forecasts up till 2017". http://www.marketsandmarkets.com/Market-Reports/aerogel-market-714.html Early buyers will receive 10% customization of report. The major drivers for aerogel global market growth are energy efficiency awareness, exclusive thermal performance of aerogel as an insulating material, environmental friendly life cycle of any aerogel form. The complicated and patented manufacturing process results in high cost of production reflecting high market price.