The market is majorly driven by growing demand from various end-use industries such as oil and gas, building and construction, automotive, aerospace and marine, and performance coatings. Robust expansion of the building and construction industry will positively impact demand for aerogel over the forecast period as number of residential and commercial construction projects rise across the globe. The Global Aerogel Market size is expected to reach USD 3.29 Billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 22.6% CAGR during the forecast period. North America was the largest regional market in 2016 in terms of revenue, driven by robust growth in various end-use industries, especially in U.S. Furthermore, positive outlook of the oil and gas industry is expected to boost demand over the next few years. Aerogel offers several advantages such as low installation costs and improved pipeline compression resistance. The market is fragmented i...