Aerogel Market Report by Type (Silica, Polymer, Carbon, and Others), Form (Blanket, Particle, Panel, Monolith), Processing (Virgin, Composites, Additives), Application (Oil and Gas, Construction, Transportation, Electronics, and Others), and Region 2024-2032

Aerogel Market Report by Type (Silica, Polymer, Carbon, and Others), Form (Blanket, Particle, Panel, Monolith), Processing (Virgin, Composites, Additives), Application (Oil and Gas, Construction, Transportation, Electronics, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1640
Buy Now

Market Overview:

The global aerogel market size reached US$ 947.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,074.9 Million by 2032, exhibiting a growth rate (CAGR) of 8.8% during 2024-2032. The growing demand for efficient thermal insulation, increasing utilization of sustainable and eco-friendly materials in electronics packaging, and rising awareness about the environmental impact of traditional construction materials are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 947.6 Million
Market Forecast in 2032 US$ 2,074.9 Million
Market Growth Rate (2024-2032) 8.8%


Aerogel is a highly porous material characterized by an open, three-dimensional network of nanoscale interconnected particles, resulting in a vast surface area with minimal density. It comprises silica, polymer, metal oxide, and carbon aerogel, which is composed of carbon and finds use in energy storage devices, including supercapacitors. It is manufactured through a process called gelation, where a gel precursor undergoes supercritical drying, resulting in the removal of the liquid component while preserving the solid framework. It aids in environmental remediation by efficiently removing pollutants from air and water, contributing to cleaner ecosystems.

At present, the increasing demand for aerogel in the aerospace sector as thermal insulators, protecting spacecraft and instruments from extreme temperatures in space, is impelling the growth of the market. Besides this, the rising utilization of aerogel for cleaning up oil spills on water surfaces, as it is hydrophobic and can absorb oil while repelling water, is contributing to the growth of the market. In addition, the growing concerns about the environmental impact of traditional construction materials is offering a favorable market outlook. Apart from this, the increasing employment of aerogels as lightweight proppants in hydraulic fracturing and insulating material in subsea pipelines is supporting the growth of the market. Additionally, the rising employment of aerogel as acoustic insulation material within the cabin and body structure of electric vehicles (EVs), reducing noise and providing a quieter and more comfortable driving experience for passengers, is bolstering the growth of the market.

Aerogel Market Trends/Drivers:

Growing demand for efficient thermal insulation

The growing demand for efficient thermal insulation is currently exerting a positive influence on the expansion of the aerogel market. As industries seek to reduce energy consumption and minimize heat loss, the exceptional thermal insulation properties of aerogels are being recognized and embraced. This trend is particularly evident in the construction sector, where builders and contractors are increasingly incorporating aerogel-based insulation materials into their projects. Furthermore, the global awareness of environmental sustainability and the need to lower carbon footprints are perpetually motivating the adoption of more energy-efficient solutions. Aerogels, with their ability to provide superior thermal insulation without the need for bulky or environmentally taxing materials, align appropriately with this environmentally conscious agenda.

Rising advancements in nanotechnology

The rising advancements in nanotechnology are currently exerting a positive influence on the growth of the aerogel market. Nanotechnology enables the precise manipulation of materials at the nanoscale, allowing for the development of aerogels with unprecedented characteristics. These advancements are ongoing and continually expanding the capabilities of aerogels, making them increasingly attractive to a wide range of industries and applications. Moreover, the utilization of nanotechnology in aerogel production is contributing to the cost-effectiveness of manufacturing processes, making aerogels more accessible. This ongoing trend of innovation and refinement in the field of nanotechnology is expected to sustain a positive influence on the growth of the aerogel market in the foreseeable future.

Increasing utilization of sustainable and eco-friendly materials in the electronics packaging

The increasing utilization of sustainable and eco-friendly materials in electronics packaging is currently exerting a positive influence on the growth of the aerogel market. Companies are actively seeking alternative materials that align with their sustainability goals, and aerogels are emerging as a viable choice. These ultra-lightweight materials possess exceptional thermal insulation properties, making them ideal for applications in electronics packaging. Moreover, aerogels are environmentally friendly, as they are typically derived from renewable resources and are recyclable. Furthermore, manufacturers are progressively replacing traditional packaging materials, such as plastics and foams, with aerogels due to their remarkable properties, including exceptional thermal insulation, low density, and high porosity. These attributes align perfectly with the goals of sustainability and eco-friendliness, as they reduce the carbon footprint and environmental impact of electronic packaging.

Aerogel Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global aerogel market report, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on type, form, processing, and application.

Breakup by Type:

  • Silica
  • Polymer
  • Carbon
  • Others
     

Silica dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes silica, polymer, carbon, and others. According to the report, silica represented the largest segment.

Silica is a chemical component composed of silicon and oxygen atoms. It is abundant in nature and can be found in various forms, including quartz, sand, and glass. It is used in making aerogels, which exhibit low thermal conductivity and are suitable for insulating applications in extreme temperature environments. Silica aerogels can be made transparent, allowing them to be used in optics and photonics applications. They have a low refractive index, which means they do not bend light significantly. This property is advantageous in optical applications. Silica aerogels are also used as catalyst supports in chemical processes due to their high surface area and porosity.

Breakup by Form:

  • Blanket
  • Particle
  • Panel
  • Monolith
     

Blanket holds the largest share in the market

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes blanket, particle, panel, and monolith. According to the report, blanket accounted for the largest market share.

An aerogel blanket, also known as an aerogel insulation blanket, is a type of thermal insulation material that utilizes aerogel technology to provide excellent thermal resistance while being lightweight and flexible. It is used to insulate walls, roofs, and floors in residential and commercial buildings, helping to improve energy efficiency and lower costs associated with heating and cooling. It is also used in pipelines and equipment to maintain temperature and reduce heat loss in oil and gas processing facilities. It is employed in cryogenic systems to insulate against the loss of cryogenic temperatures. Furthermore, it is integrated into various high-performance outdoor clothing to provide lightweight and effective insulation.

Breakup by Processing:

  • Virgin
  • Composites
  • Additives
     

Virgin holds the maximum share in the market

A detailed breakup and analysis of the market based on the processing has also been provided in the report. This includes virgin, composites, and additives. According to the report, virgin accounted for the largest market share.

Virgin aerogels are typically aerogel materials that have not been modified or functionalized with other substances. They are aerogels in their pure, unaltered form, meaning they have not been chemically modified or combined with other substances to enhance their properties or functionality. Depending on the desired properties, virgin aerogels can be modified by adding other materials or functional groups to achieve specific performance characteristics. Virgin aerogels can be used as insulating materials in construction, industrial equipment, and even clothing to provide superior thermal insulation without adding significant weight. They can also be used to clean up oil spills by selectively absorbing oil while repelling water.

Breakup by Application:

  • Oil and Gas
  • Construction
  • Transportation
  • Electronics
  • Others
     

Oil and gas hold the biggest share in the market

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes oil and gas, construction, transportation, electronics, and others. According to the report, oil and gas accounted for the largest market share.

Aerogels can be used in oil spill cleanup operations. These materials can absorb large quantities of oil while repelling water, making them highly effective at cleaning up oil spills on water surfaces. They can be used in the form of aerogel blankets or floating devices to contain and absorb spilled oil. Aerogels can serve as a support material for catalysts in various chemical processes used in the oil and gas industry. Their high surface area and porous structure provide an ideal environment for catalytic reactions, improving the efficiency of processes, such as hydrocracking and hydrotreating. Their low density can also reduce the overall density of the drilling mud, which can be beneficial in controlling formation pressures.

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

North America exhibits a clear dominance, accounting for the largest aerogel market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share.

North America held the biggest market due to the increasing environmental awareness among the masses and rising focus on reducing the carbon footprint to prevent pollution and global warming. Besides this, the rising purchase of electronics and various smart devices is propelling the growth of the market. Apart from this, the increasing purchase of electric vehicles (EVs) as a sustainable alternative to fuel-dependent cars is contributing to the market growth. Additionally, the rising oil and gas exploration activities to fulfill increasing energy demands are supporting the growth of the market.

Asia Pacific is estimated to expand further in this domain due to the increasing demand for energy-efficient insulating materials in various industries. Moreover, the rising construction of various energy-efficient buildings is bolstering the growth of the market.

Competitive Landscape:

Key market players are investing in research operations to improve aerogel materials and develop new applications, which include enhancing the performance characteristics, reducing production costs, and expanding the range of aerogel products available. They are also exploring a wider range of applications for aerogels. Leading companies are focusing on making their aerogel products more eco-friendly, using renewable materials, and adopting green manufacturing processes to meet the demands of environmentally conscious customers. Top companies are actively engaged in marketing and educating potential customers about the benefits of aerogels. They are also conducting workshops, seminars, and providing technical support to help customers integrate aerogels into their products and processes.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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 Ltd.
  • Surnano Aerogel Co. Ltd.
  • Taasi Corporation
  • Protective Polymers Ltd
  • Green Earth Aerogel Technology SL

Recent Developments:

  • In June 2023, Aspen Aerogels, Inc. announced the opening of a state-of-the-art engineering and rapid prototyping facility in Marlborough, MA, which help manufacturers optimize the safety and performance of battery packs for eMobility and energy storage system (ESS).
  • In May 2023, Cabot Corporation announced the launch of its new ENTERA™ aerogel particles portfolio, which is used to manufacture ultra-thin thermal barriers for electric vehicle (EV) lithium-ion batteries.
  • In 2023, BASF SE announced the building of a new plant at the Verbund site in Zhanjiang, China, which will have a capacity of 500,000 metric tons of polyethylene (PE) annually and manufacture high-quality and reliable PE products for a wide range of durable applications.

Aerogel Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • Form
  • Processing
  • Application
  • Region
Types Covered Silica, Polymer, Carbon, Others
Forms Covered Blanket, Particle, Panel, Monolith
Processing Covered Virgin, Composites, Additives
Applications Covered Oil and Gas, Construction, Transportation, Electronics, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 Ltd., Surnano Aerogel Co. Ltd., TAASI Corporation, Protective Polymers Ltd., Green Earth Aerogel Technology SL, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aerogel market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global aerogel market.
  • The study maps the leading, as well as the fastest-growing, regional markets.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aerogel industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global aerogel market was valued at US$ 947.6 Million in 2023.

We expect the global aerogel market to exhibit a CAGR of 8.8% during 2024-2032.

The expanding utilization of aerogel in manufacturing fire suits, spacecrafts, automotive vehicles, etc., owing to its superior thermal insulation properties is primarily driving the global aerogel market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for aerogel.

Based on the type, the global aerogel market can be segmented into silica, polymer, carbon, and others. Currently, silica holds the majority of the total market share.

Based on the form, the global aerogel market has been divided into blanket, particle, panel, and monolith. Among these, blanket currently exhibits a clear dominance in the market.

Based on the application, the global aerogel market can be categorized into oil and gas, construction, transportation, electronics, and others. Currently, oil and gas accounts for the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global aerogel market include 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 Ltd., Surnano Aerogel Co. Ltd., TAASI Corporation, Protective Polymers Ltd., Green Earth Aerogel Technology SL, etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Aerogel Market Report by Type (Silica, Polymer, Carbon, and Others), Form (Blanket, Particle, Panel, Monolith), Processing (Virgin, Composites, Additives), Application (Oil and Gas, Construction, Transportation, Electronics, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More