Aerogel Market Report, Size, Share, Industry Analysis and Forecast 2020-2025

Press Release:

Global Aerogel Market to Reach US$ 958.8 Billion by 2025, Propelled by Superior Insulation Properties

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global aerogel market reached a value of US$ 581.2 Million in 2019. 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.

Global Aerogel Market

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 market value to reach US$ 958.8 Billion by 2025, at a CAGR of 8.5% during the forecast period (2020-2025).

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?
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?