Growing utilization of aerographite in various applications such as aviation & satellite, automotive parts, building & construction, water treatment, pollution absorbent, and others drive the global aerographite market. Based on region, the market in Asia-Pacific was the largest in 2021, accounting for nearly two-fifths of the global aerographite market.
PORTLAND, Ore., March 29, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Aerographite Market by Application (Aviation and Satellite, Automotive, Building and Construction, Water Treatment, Pollution Absorbent, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global aerographite industry generated $4.0 million in 2021 and is estimated to generate $7.1 million by 2031, witnessing a CAGR of 6.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/54144
Drivers, Restraints, and Opportunities
Growing utilization of aerographite in various applications such as aviation & satellite, automotive, building & construction, water treatment, pollution absorbent, and others drive the global aerographite market. Moreover, the availability of substitute restricts the market growth to some extent. However, the surge in demand for water treatment will present new growth opportunities for the global aerographite market in the coming years.
The aviation and satellite segment to grab the lion's share during the forecast period
On the basis of application, the aviation and satellite segment contributed to the largest share of around one-fourth of the global aerographite market in 2021 and is expected to maintain its dominance during the forecast period. The aerographite has a high tolerance for vibration, thus it can be used for aviation and satellites. It is also utilized in solar sails because it is an innovative material. Aerographite has been widely proposed for use in deep space probes capable of traveling further into space than current technologies. However, the building and construction segment is projected to witness the fastest CAGR of 7.01% from 2022 to 2031. Aerographite has become a popular building material due to its superior electrical conductivity and ability to withstand significant vibration. Furthermore, it is relatively light, and its ductility allows it to fit in a space that is 95% of its normal area. Aerographite is an atom-made material that can become stronger when compressed. It is the lightest building material across the world and seventy-five times lighter than Styrofoam.
Procure Complete Report (200 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3ZuH2Df
Asia-Pacific to garner the largest revenue by 2031
By region, the market in Asia-Pacific was the largest in 2021, accounting for nearly two-fifths of the global aerographite market and is likely to maintain its dominance during the forecast timeframe. Also, the same region is likely to show the fastest CAGR of 6.53% during the forecast period. Aerographite is becoming popular in the region due to its use in batteries of cars and bikes due to its lightweight property.
Leading Market Players
The report analyzes these key players in the global aerographite market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.
Want to Access the Statistical Data and Graphs, Key Players' Strategies:
Graphite Packing Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
Graphite Recycling Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
Silver Graphite Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
Graphite Market: Global Opportunity Analysis and Industry Forecast, 2019-2027
Graphite Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Carbon Graphite Market: Global Opportunity Analysis and Industry Forecast, 2023-2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/ Follow Us on | Facebook | LinkedIn | YouTube |
Logo - https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research
These press releases may also interest you