The global aerogel market exhibited strong growth during 2015-2020. Also known as frozen smoke, aerogel is a translucent, synthetic solid-state substance that has an extremely low density and excellent thermal insulating properties. It is mainly produced by replacing the liquid element of the gel with gas in a high-temperature environment. It is light in weight and has a high surface area, owing to which it is widely utilized in various industrial and commercial applications across the globe.
The market is currently experiencing strong growth on account of the expanding applications of aerogel in numerous end use industries. For instance, it is employed in the aerospace industry in the manufacturing of wetsuits and spacesuits. It is also used in the construction sector as a superlight concrete and wall insulator. Besides this, aerogel serves as a crucial component in the manufacturing of fire suits, spacecraft and vehicles due to its superior thermal insulation property. Additionally, owing to its several other advantageous properties, it is gaining popularity in the electronics, and oil and gas industries worldwide. Furthermore, some of the leading vendors operating in the industry are focusing on increasing their budget for research and development (R&D) activities to introduce polymer-based aerogels that have enhanced strength and flexibility. Such steps are expected to be instrumental in expanding their existing consumer base and market share, thus contributing to the market growth. These factors collectively are projected to fuel the market growth in the upcoming years. Looking forward, IMARC Group expects the global aerogel market to grow at a CAGR of around 11% during 2021-2026.
Breakup by Processing:
- Virgin
- Composites
- Additives
Breakup by Type:
- Silica
- Polymer
- Carbon
- Others
Silica aerogel exhibits a clear dominance in the market.
Breakup by Form:
- Blanket
- Particle
- Panel
- Monolith
At present, blanket accounts for the majority of the total market share.
Breakup by Application:
- Oil and Gas
- Construction
- Transportation
- Electronics
- Others
Aerogel finds vast applications in the oil and gas industry.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the geographical front, North America enjoys the leading position in the market.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
- Aspen Aerogels, Inc.
- BASF SE
- Cabot Corporation
- The Dow Chemical Company
- JIOS Aerogel Corporation
- Svenska Aerogel Holding AB
- Enersens SAS
- Active Aerogels
- Nano Tech Co., Ltd.
- Guangdong Alison Hi-Tech Co., Ltd.
- Intelligent Insulation
- Surnano Aerogel Co. Ltd.
- TAASI Corporation
- Protective Polymers Ltd.
- Green Earth Aerogel Technologies Limited
Key Questions Answered in This Report:
- How has the global aerogel market performed so far and how will it perform in the coming years?
- What are the key regions in the industry?
- What has been the impact of COVID-19 on the global aerogel market?
- Which are the popular types in the industry?
- What are the leading forms in the industry?
- What are the major processing segments in the industry?
- What are the dominant applications in the industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aerogel market and who are the key players?
- What is the degree of competition in the global aerogel market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aerogel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Form
5.6 Market Breakup by Processing
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Type
9.1 Silica
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Polymer
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Carbon
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Form
10.1 Blanket
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Particle
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Panel
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Monolith
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Processing
11.1 Virgin
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Composites
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Additives
11.3.1 Market Trends
11.3.2 Market Forecast
12 Market Breakup by Application
12.1 Oil & Gas
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Construction
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Transportation
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Electronics
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Others
12.5.1 Market Trends
12.5.2 Market Forecast
13 Market Breakup by Region
13.1 North America
13.1.1 Market Trends
13.1.2 Market Forecast
13.2 Europe
13.2.1 Market Trends
13.2.2 Market Forecast
13.3 Asia Pacific
13.3.1 Market Trends
13.3.2 Market Forecast
13.4 Middle East and Africa
13.4.1 Market Trends
13.4.2 Market Forecast
13.5 Latin America
13.5.1 Market Trends
13.5.2 Market Forecast
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aspen Aerogels, Inc.
14.3.2 BASF SE
14.3.3 Cabot Corporation
14.3.4 The Dow Chemical Company
14.3.5 JIOS Aerogel Corporation
14.3.6 Svenska Aerogel AB
14.3.7 Enersens SAS
14.3.8 Active Aerogels
14.3.9 Nano Tech Co., Ltd.
14.3.10 Guangdong Alison Hi-Tech Co., Ltd.
14.3.11 Intelligent Insulation
14.3.12 Surnano Aerogel Co. Ltd.
14.3.13 Taasi Corporation
14.3.14 Protective Polymers Ltd
14.3.15 Green Earth Aerogel Technologies Limited
List of Figures
Figure 1: Global: Aerogel Market: Major Drivers and Challenges
Figure 2: Global: Aerogel Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Aerogel Market: Breakup by Type (in %), 2020
Figure 4: Global: Aerogel Market: Breakup by Form (in %), 2020
Figure 5: Global: Aerogel Market: Breakup by Processing (in %), 2020
Figure 6: Global: Aerogel Market: Breakup by Application (in %), 2020
Figure 7: Global: Aerogel Market: Breakup by Region (in %), 2020
Figure 8: Global: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Aerogel Industry: SWOT Analysis
Figure 10: Global: Aerogel Industry: Value Chain Analysis
Figure 11: Global: Aerogel Industry: Porter’s Five Forces Analysis
Figure 12: Global: Aerogel (Silica) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Aerogel (Silica) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Aerogel (Polymer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Aerogel (Polymer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Aerogel (Carbon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Aerogel (Carbon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Aerogel (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Aerogel (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Aerogel (Blanket) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Aerogel (Blanket) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Aerogel (Particle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Aerogel (Particle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Aerogel (Panel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Aerogel (Panel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Aerogel (Monolith) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Aerogel (Monolith) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Aerogel (Virgin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Aerogel (Virgin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Aerogel (Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Aerogel (Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Aerogel (Additives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Aerogel (Additives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Aerogel (Oil & Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Aerogel (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Aerogel (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Aerogel (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Aerogel (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Aerogel (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Aerogel (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Aerogel (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Aerogel (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Aerogel (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Aerogel Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: North America: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Europe: Aerogel Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Europe: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Asia Pacific: Aerogel Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Asia Pacific: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Middle East and Africa: Aerogel Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Middle East and Africa: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Latin America: Aerogel Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Latin America: Aerogel Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Aerogel Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Aerogel Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Aerogel Market Forecast: Breakup by Form (in Million US$), 2021-2026
Table 4: Global: Aerogel Market Forecast: Breakup by Processing (in Million US$), 2021-2026
Table 5: Global: Aerogel Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Aerogel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Aerogel Market: Competitive Structure
Table 8: Global: Aerogel Market: Key Players