Aerogel Market Research Report – Segmented by Type (Silica Aerogel, Carbon Aerogel, Polymer Aerogel); Application (Building Insulation, Oil and Gas, Automotive, Aerospace and Defense, Electronics and Semiconductor, Healthcare, Performance Coatings, Others); Form (Blanket, Particle, Panel, Monolith); and Region - Size, Share, Growth Analysis | Forecast (2025 – 2030)
Published: 2024 - January
Report Code: IM-5901
Format:
Region: Global
What is Aerogel?
Aerogel is a class of highly porous materials known for their exceptional thermal insulating properties, low density, and high surface area. These materials are used in diverse applications, including thermal insulation, structural components, and electronics, due to their unique characteristics. Aerogels are created by replacing the liquid component of a gel with gas, resulting in a substance that is over 90% air by volume. This technology enables aerogels to deliver superior thermal resistance, making them ideal for use in extreme environments, from space exploration to industrial insulation.
The disruptive potential of aerogels lies in their ability to replace conventional materials like foam, fiberglass, and traditional insulation, offering lighter, more efficient alternatives. Their adaptability across industries such as automotive, aerospace, and energy presents significant opportunities for cost savings, energy efficiency, and performance enhancement. With new manufacturing processes making aerogels more accessible and affordable, the market is poised for expansion.
Market Size:
Aerogel Market was valued at USD 901 million in 2024 and is projected to reach a market size of USD 1.84 billion by 2030 at a CAGR of 12.6%.
Key Market Players
• Cabot Corporation
• Guangdong Alison Technology Co., Ltd.
• Beerenberg AS
• Aerogel Technologies, LLC
• Enersens
• Armacell International S.A.
• Nano Tech Co., Ltd.
• Zhejiang UGOO Technology Co., Ltd.
• IBIH Advanced Materials Co., Ltd.
• aerogel-it GmbH
Case Study:
Aerogel Technologies, LLC has developed a high-performance aerogel for use in aerospace applications, offering weight reductions while enhancing insulation performance in extreme conditions.
Market Dynamics & Popularity:
Aerogels are gaining popularity across aerospace, automotive, energy, and construction sectors for insulation, environmental cleanup, and space missions.
Market Segmentation:
By Type
• Silica Aerogel
• Carbon Aerogel
• Polymer Aerogel
• Metal Oxide Aerogel
• Composite Aerogel
By End User
• Automotive
o Thermal Insulation
o Lightweight Structural Components
• Aerospace
o Thermal Insulation
o Space Exploration
• Oil & Gas
o Insulation for Pipes and Equipment
o Spill Containment
• Electronics
o Insulation for Electronics and Batteries
• Construction
o Thermal Insulation
o Acoustic Insulation
• Consumer Goods
o Insulation in Jackets and Footwear
o Personal Care Products
• Industrial
o Equipment and System Insulation
• Others
What’s in It for You?
• Insights into the latest technological advancements in aerogel materials
• Opportunities for adopting aerogels in next-gen thermal insulation solutions
• Analysis of cost-benefit advantages for various industries
• Market dynamics, trends, and demand forecasts for strategic decision-making
Chapter 1. Aerogel Market – Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Aerogel Market – Executive Summary
2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2023 - 2030
2.3.2. Impact on Supply – Demand
Chapter 3. Aerogel Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Aerogel Market - Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porter's Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Aerogel Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Aerogel Market - By Type
6.1 Silica Aerogel
6.2 Carbon Aerogel
6.3 Polymer Aerogel
Chapter 7. Aerogel Market - By Application
7.1 Building Insulation
7.2 Oil and Gas
7.3 Automotive
7.4 Aerospace and Defense
7.5 Electronics and Semiconductor
7.6 Healthcare
7.7 Performance Coatings
Chapter 8. Aerogel Market - By Form
8.1 Blanket
8.2 Particle
8.3 Panel
8.4 Monolith
Chapter 9. Aerogel Market - By Region
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Rest of the World
Chapter 10. Aerogel Market - Key Players
10.1 Aspen Aerogels
10.2 Cabot Corporation
10.3 Aerogel Technologies
10.4 BASF SE
10.5 Svenska Aerogel AB
10.6 JIOS Aerogel
10.7 Guangdong Alison Hi-Tech Co., Ltd.
10.8 Active Aerogels
10.9 Nano Tech Coatings GmbH
10.10 Green Earth Aerogel Technologies
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Frequently Asked Questions
In 2022, the Global Aerogel Market was valued at $1.3 billion, and is projected to reach a market size of $5.37 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 19.4%.
The Global Aerogel Market drives Growing demand from the oil and gas industry, Increasing demand from the construction industry, Rising demand for high-performance materials, Advancements in aerogel production technology, and Increasing focus on sustainability.
The Segments under the Global Aerogel Market by Form are Blanket, Particle, Panel, and Monolith.
China, Japan, South Korea, Singapore, and India are the most dominating countries in the Asia Pacific region for the Global Aerogel Market.
Aspen Aerogels, Cabot Corporation, and Aerogel Technologies Company are the three major leading players in the Global Aerogel Market.
