Technavio’s 2016 report, “Top 5 Vendors in Aerogel Market from 2016 to 2020,” featured JIOS as one of the companies poised to supplant the current top vendors by 2020.
In Technavio’s estimation, the deciding market in the 2016-2020 period will be automotive applications, accounting for “4.9% share of the global aerogel market in 2015. The segment is anticipated to grow at a CAGR of 28.06% during the forecast period.” As the Asia-Pacific regions continue to grow in influence, JIOS will also face increased competition within the region and from European newcomers like Enersens and Svenska.
At the time of the article’s publication, the five most prominent companies were: Cabot Corporation, Aspen Aerogels, BASF, Aerogel Technologies, and American Aerogels. Along with several other market analysis firms, Technvio has agreed that JIOS’s rapid growth and increased market penetration places it in competitive or superior standing with these industry leaders.