Aerogel Market Research Report: By Application (Thermal Insulation, Oil and Gas, Construction, Aerospace, Consumer Goods), By Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, Metal Oxide Aerogel), By End Use Industry (Building and Construction, Transport, Energy, Electronics, Healthcare), By Form (Blanket, Rigid, Granular, Powder) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

Global Aerogel Market Overview

The Aerogel Market Size was estimated at 1.9 (USD Billion) in 2023. The Aerogel Industry is expected to grow from 2.15(USD Billion) in 2024 to 8.5 (USD Billion) by 2035. The Aerogel Market CAGR (growth rate) is expected to be around 13.32% during the forecast period (2025 - 2035).

Key Aerogel Market Trends Highlighted

The  aerogel market is witnessing significant growth driven by key market drivers, such as increasing demand for lightweight and high-performance materials in various industries. Aerogels are gaining popularity due to their excellent thermal insulation properties, which are essential in the construction, automotive, and aerospace sectors. The construction industry, in particular, is focusing on energy-efficient building materials; aerogels can significantly reduce heat loss, making them a preferred choice for insulation. As  regulations push for energy-efficient products, aerogels present a viable solution that fulfills these requirements.Opportunities to be explored in the aerogel market include advancements in manufacturing technologies and the development of new applications. Companies are increasingly investing in research and development to enhance the properties of aerogels and expand their usage in emerging fields like electronics, oil and gas, and space exploration. The ongoing trend of sustainability is also prompting manufacturers to explore eco-friendly production methods, which could lead to significant breakthroughs in the market. Recent trends indicate a surge in the adoption of aerogel in the oil and gas sector, particularly in projects that require advanced thermal insulation solutions for pipelines and equipment.Moreover, innovations in aerogel composites are opening up new avenues in automotive manufacturing, contributing to weight reduction and energy efficiency. As organizations and governments worldwide strive to meet environmental targets, the demand for aerogels continues to increase, making it a focal point of interest for manufacturers and investors within the  landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerogel Market Drivers

Growing Demand for Thermal Insulation

The growing need for efficient thermal insulation solutions across a range of industries is driving the  aerogel market industry's notable expansion. Compared to more conventional insulating materials, aerogels provide remarkable thermal performance. Buildings are responsible for over 40% of  energy use, according to the  Institute of Airtightness, underscoring the need for energy-efficient solutions.Installing high-performance insulation might result in up to 30% energy savings in the built environment, according to reports from a number of agencies, including the International Energy Agency. As manufacturers turn to aerogels as essential elements in lowering energy loss in residential and commercial buildings, the industry is being driven by the move toward energy-efficient building regulations, such as the International Energy Conservation Code. This trend demonstrates the potential of the  aerogel market and shows that aerogel applications in insulation are expected to grow as sustainability policies continue to change.

Advancements in Research and Development

Continuous advancements in Research and Development (R) within the aerogel sector play a crucial role in expanding market opportunities. Numerous research institutions and universities ly are working to enhance the properties and production processes of aerogels. For instance, the U.S. Department of Energy has funded substantial R initiatives in new aerogel formulations, targeting not only insulation but also applications in the aerospace and automotive industries.This government support, combined with private-sector investment, has seeded innovations that enhance aerogel properties, such as mechanical strength and thermal efficiency, positioning them as more adaptable materials for diverse applications. As these innovations are commercialized, they are likely to broaden the market scope, boosting the  Aerogel Market Industry's growth trajectory.

Increasing Application in Aerospace and Defense

The  Aerogel Market Industry is witnessing growth due to the increased adoption of aerogels in the aerospace and defense sectors. The unique properties of aerogels, including lightweight, high thermal resistance, and excellent acoustic insulation, make them ideal for use in high-performance applications within these industries. Data from the International Air Transport Association indicates that air travel is expected to grow by 4% per year, which in turn drives demand for innovative materials that can enhance aircraft performance.Moreover, organizations like NASA have integrated aerogels into various projects, highlighting their utility in space missions. This uptick in aerospace endeavors contributes to the rising demand for aerogels, underpinning the robust growth of the  Aerogel Market.

Surge in Environmental Regulations

The increasing implementation of stringent environmental regulations is propelling growth in the  Aerogel Market Industry. Governments worldwide are focusing on reducing carbon footprints and improving energy efficiency through policy measures that often necessitate the use of sustainable materials like aerogels. The European Union has set ambitious targets, including the European Green Deal, which aims for a significant reduction in greenhouse gas emissions by 2030.These regulatory frameworks encourage industries to adopt advanced insulation materials to comply with environmental standards. As companies seek to align with these regulations to maintain market competitiveness, the demand for aerogels as eco-friendly alternatives in construction and manufacturing is expected to rise significantly, further driving the  Aerogel Market.

Aerogel Market Segment Insights

Aerogel Market Application Insights  

The  Aerogel Market projected to reach a valuation of 2.15 USD Billion in 2024 and 8.5 USD Billion by 2035, showcases a diverse array of applications that significantly contribute to its overall growth. A prominent application area within this market is Thermal Insulation, which holds a major share with a value of 0.9 USD Billion in 2024, expanding to 3.6 USD Billion by 2035. This growth is fueled by increasing demands for energy-efficient building materials and stringent government regulations aimed at reducing energy consumption. Following closely, the Oil and Gas sector is valued at 0.5 USD Billion in 2024 and is anticipated to grow to 2.0 USD Billion by 2035, driven by the need for enhanced performance insulation materials in extreme environments and the rising focus on cost-efficient solutions for resource extraction.

The Construction sector, although smaller, also plays a crucial part in the market with a valuation of 0.35 USD Billion in 2024 and projected growth to 1.4 USD Billion by 2035. The increasing adoption of aerogel-based technologies for light-weight construction and superior thermal performance positions this application as an essential component of modern architecture. The Aerospace segment, valued at 0.25 USD Billion in 2024 and anticipated to reach 1.0 USD Billion by 2035, benefits from the lightweight and high-strength advantages of aerogels, which are crucial in enhancing fuel efficiency and performance in aircraft design.

Lastly, the Consumer Goods application, with a smaller but notable market value of 0.15 USD Billion in 2024, growing to 0.6 USD Billion by 2035, represents the innovative use of aerogel in various products, such as apparel and equipment, showcasing its versatility and unique properties. The diversity of applications highlights the  Aerogel Market's segmentation, underscoring the significant role of aerogels across multiple industries. Each segment presents its own opportunities and challenges, driven by the necessity for improved efficiency, performance, and sustainability across  markets. The steady advancements in materials science and technology continue to propel this market, aligning with the increasing  focus on energy conservation, cost-effectiveness, and innovative solutions in both established and emerging sectors.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerogel Market Type Insights  

The  Aerogel Market is witnessing significant growth and development in various types of aerogels, which play a crucial role in diverse applications. Silica Aerogel, known for its high thermal insulation properties, has been a dominant player in the market, utilized in sectors such as construction and oil and gas. Polymer Aerogel is gaining traction due to its lightweight nature and flexibility, making it suitable for applications in the aerospace and automotive industries. Carbon Aerogel, recognized for its high surface area and electrical conductivity, is increasingly important in energy storage and environmental remediation.Metal Oxide Aerogel presents opportunities in catalysis and environmental applications due to its unique properties. The overall  Aerogel Market revenue is projected to be valued at 2.15 billion USD in 2024, showcasing a robust growth trajectory leading to 8.5 billion USD by 2035. This growth is driven by rising demand across various industries, innovations in manufacturing processes, and a growing emphasis on energy efficiency and sustainability. Despite challenges such as production costs and potential regulatory hurdles, the market is poised for expansion, presenting lucrative opportunities across different aerogel types.

Aerogel Market End Use Industry Insights  

The  Aerogel Market is poised for significant growth, particularly in the End Use Industry, with a market valuation of 2.15 billion USD in 2024. This segment encompasses critical sectors such as Building and Construction, Transport, Energy, Electronics, and Healthcare, each contributing to the overall revenue. The Building and Construction sector is gaining traction due to its need for lightweight and durable materials that enhance energy efficiency in structures. Meanwhile, the Transport sector is increasingly utilizing aerogels for insulation and lightweight applications to improve fuel efficiency in vehicles.The Energy sector benefits from aerogels as a means to enhance the performance of solar panels and storage systems. In the Electronics space, the lightweight nature of aerogels promises advancements in portable devices, while the Healthcare sector leverages their unique properties for drug delivery systems and diagnostics. The overall market growth is driven by the rising emphasis on sustainability and energy efficiency, identifying significant opportunities for expansion across these industries. According to the  Aerogel Market data, the unique properties of aerogels position them as a game-changer in various applications, highlighting their importance in addressing current industry challenges.

Aerogel Market Form Insights  

The  Aerogel Market is experiencing notable growth, with a surge in demand for various forms of aerogels due to their exceptional insulating and lightweight properties. In 2024, the overall market is valued at 2.15 billion USD and continue its upward trajectory toward 8.5 billion USD by 2035, driven by a compound annual growth rate of 13.32 percent from 2025 to 2035. Within the Form segment, diverse offerings are available, including Blanket, Rigid, Granular, and Powder. Blankets are particularly significant for their superior thermal insulation capabilities, making them ideal for applications in the construction and aerospace sectors.Rigid aerogels are important for their structural integrity and are utilized in oil and gas drilling operations. Granular aerogels find their importance in chemical processes and filtration, while Powder aerogels are versatile materials that expand into various industries, including pharmaceuticals and electronics. The increasing demand for lightweight materials in automotive and industrial applications further drives the market growth. However, challenges such as production costs and scalability could impact overall market progress. The diverse  Aerogel Market segmentation highlights opportunities for innovation and the development of cost-effective materials tailored to industry needs, enhancing the market's potential for growth.

Aerogel Market Regional Insights  

The Regional analysis of the  Aerogel Market reveals that in 2024, the market is significantly benefit from the performance of various regions. North America, holding a majority share, is valued at 0.85 USD Billion in 2024 and is projected to reach 3.4 USD Billion by 2035, showcasing its importance due to strong industrial activities and innovation in aerogel applications. Europe follows with a valuation of 0.65 USD Billion in 2024 and is anticipated to grow to 2.6 USD Billion, driven by increasing investments in insulation and lightweight materials.The Asia Pacific (APAC) region, valued at 0.55 USD Billion in 2024 and projected to hit 2.2 USD Billion by 2035, is experiencing rapid industrialization and urbanization, making it a crucial market for aerogel growth. In contrast, South America and the Middle East and Africa (MEA), with valuations of 0.05 USD Billion each in 2024, demonstrate potential for growth though currently constituting a smaller share of the market. Overall, the  Aerogel Market presents diverse opportunities across regions, influenced by factors such as technological advancements, regulatory support, and increasing demand for energy-efficient materials.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerogel Market Key Players and Competitive Insights

The  Aerogel Market has witnessed a significant transformation over the years, driven by advancements in technology and increasing demand for lightweight and high-performance materials across various industries. Aerogels are known for their remarkable thermal insulation properties, low density, and superior strength, making them essential components in sectors such as construction, aerospace, automotive, and oil and gas. Competition within this market is characterized by a mix of established players and innovative newcomers, each striving to capture greater market share through product development, strategic partnerships, and geographical expansion. The competitive landscape is dynamic, with companies working to enhance their capabilities in terms of production techniques, cost efficiency, and sustainability, all while responding swiftly to changing customer requirements and market trends.Mitsubishi Chemical Corporation has established a strong presence in the  Aerogel Market, leveraging its extensive expertise in materials science and innovation. The company excels in manufacturing high-quality aerogel products that cater to various applications, focusing on enhancing performance and sustainability. Mitsubishi Chemical Corporation is known for its robust research and development initiatives, allowing it to continuously improve its aerogel offerings and adapt to market changes. The company’s strengths also lie in its  reach and established distribution networks, enabling it to serve a diverse customer base effectively. Its commitment to sustainability and environmentally friendly practices further enhances its competitiveness in the market, as consumers increasingly seek materials that align with their ecological values.Huntsman Corporation is another key player in the  Aerogel Market, recognized for its wide range of products and innovative solutions. The company specializes in producing aerogel-based insulation materials that offer superior thermal management for industries like construction and oil and gas. Huntsman Corporation boasts a strong market presence, supported by its extensive portfolio of key products and services that cater to the increasing demand for energy-efficient solutions. The company has made significant investments in research and development, leading to the advancement of its aerogel technologies. Furthermore, Huntsman Corporation has pursued strategic mergers and acquisitions aimed at expanding its capabilities and product offerings in the aerogel sector, positioning itself as a formidable competitor in the  market landscape. The company's focus on delivering high-quality, innovative, and sustainable products aligns with current industry trends, further solidifying its place in the  Aerogel Market.

Key Companies in the Aerogel Market Include

• Mitsubishi Chemical Corporation


• Huntsman Corporation


• Gordon Glass Company


• Dow Inc.


• SIKA AG


• American Aerogel Corporation


• Aerogel Technologies


• Armacell International


• JIOS Aerogel


• Enersens


• UltraStrong Materials


• Aspen Aerogels


• Cabot Corporation


• BASF SE


• Aerolimin

Aerogel Market Industry Developments

In recent developments within the  Aerogel Market, key companies such as Mitsubishi Chemical Corporation and Huntsman Corporation are actively enhancing their product lines and expanding their market presence. Notably, in August 2023, Aspen Aerogels announced a partnership with a major aerospace manufacturer to develop advanced thermal insulation solutions, further solidifying its position in the market. In the realm of mergers and acquisitions, Gordon Glass Company successfully acquired Aerogel Technologies in July 2023, aiming to diversify its product offerings and capitalize on the growing demand for aerogel materials in various industries. As of September 2023, the market valuation for Dow Inc. has seen an increase driven by heightened demand for aerogels in the construction and automotive sectors, contributing to significant growth. Companies like SIKA AG and Cabot Corporation continue to focus on Research and Development to innovate and meet the evolving requirements of industries, particularly in thermal insulation and lightweight materials. These trends highlight the burgeoning interest and investment in the aerogel sector, stemming from advancements in technology and increasing applications across multiple industries globally.

Aerogel Market Segmentation Insights

Aerogel Market Application Outlook

• Thermal Insulation


• Oil and Gas


• Construction


• Aerospace


• Consumer Goods

Aerogel Market Type Outlook

• Silica Aerogel


• Polymer Aerogel


• Carbon Aerogel


• Metal Oxide Aerogel

Aerogel Market End Use Industry Outlook

• Building and Construction


• Transport


• Energy


• Electronics


• Healthcare

Aerogel Market Form Outlook

• Blanket


• Rigid


• Granular


• Powder

Aerogel Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric	Details
Market Size 2023	1.9(USD Billion)
Market Size 2024	2.15(USD Billion)
Market Size 2035	8.5(USD Billion)
Compound Annual Growth Rate (CAGR)	13.32% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Mitsubishi Chemical Corporation, Huntsman Corporation, Gordon Glass Company, Dow Inc., SIKA AG, American Aerogel Corporation, Aerogel Technologies, Armacell International, JIOS Aerogel, Enersens, UltraStrong Materials, Aspen Aerogels, Cabot Corporation, BASF SE, Aerolimin
Segments Covered	Application, Type, End Use Industry, Form, Regional
Key Market Opportunities	Growing demand in insulation, Advancements in aerospace applications, Increasing investment in renewable energy, Expanding pharmaceutical sector utilization, Rising interest in lightweight materials
Key Market Dynamics	Rising demand for insulation materials, Growing aerospace and automotive applications, Increasing investment in research, Environmental regulations promoting sustainable materials, Advancements in manufacturing technologies
Countries Covered	North America, Europe, APAC, South America, MEA