Aerogel Market Research Report- Forecast to 2030

Aerogel Market Research Report by Type (Silica, Polymer, Carbon), by Form (Blanket, Panel, Particle, Monolith), by Processing (Virgin, Composites, Additives), by Application (Oil & Gas, Construction, Transportation) ‚Äď Forecast till 2030

ID: MRFR/CnM/3716-HCR | 138 Pages | Author: Priya Nagrale | September 2023         

Aerogel Market Speak to Analyst Request a Free Sample

Aerogel Market Overview

Aerogel market is expected to grow USD 7.5 billion at a CAGR 17% during the forecast period. Aerogel is those chemicals that are being manufactured by separating the liquid component by adopting the super drying method. Aerogel is available in both porous and solid-state. These aerogels can be called frozen smoke, solid air, blue smoke, solid cloud, and solid smoke. It has some of the popular properties like it is lightweight, has low conductivity power, performs well, some fire-resistant properties, thus helping in market growth and its development. These have been used in various sectors of oil and gas units, transportation, construction, and performance coating sectors. Lack of awareness among the customers has decreased the adoption rate of aerogel in comparison to other insulating materials during the market forecast period. Owing to the lowering of thermal conductivity and less thickness these materials can help in saving a high amount of energy which has been used for both heating and cooling purposes.

The Global Aerogel Market Share by Application

                                 Aerogel Market

Regional Analysis

The Aerogel Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major share of the market due to the growing consumption of insulation materials in oil & gas, construction, transportation, and others. The increasing demand for aerogel in oil and gas pipelines and its lower installation costs and improved compression resistance has propelled the region to witness a higher growth over the assessment period. Countries such as the U.S., Canada, and Mexico are the major players in this market.

The Asia Pacific region is growing significantly in the market due to increasing research & development activities of Aerogel product in the leading companies. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of insulation materials in aerospace, marine, defense, electrical & electronics has propelled countries such as China, Japan, and India to achieve a stunning growth in the market as they provide excellent flexibility, stability and low maintenance to the product.

The European market has also observed a remarkable growth due to the implementation of new rules and regulations proposed by the government to follow lower dense materials than steel in pipe line constructions. The market has been driven by the application of this rule in oil & gas, construction, and steel segments. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in countries such as the U.K, Italy, Germany, and France during the forecast period.

The Latin American region is estimated to witness a moderate growth in the market due to high cost of production and lack of technological standardization in the region. Moreover, the Middle East & Africa is anticipated to witness a significant growth in the market due to growing demand for superior insulation materials in downstream industries.

Segmental Analysis

The Global Aerogel Market is segmented into the type, form, processing, and application. On the basis of the type, the market is segregated into silica, polymer, and carbon segments. The market by form is sub-divided into blanket, panel, particle, and monolith segments. The market by the processing is classified as virgin, composites, and additives segments. The market by application is bifurcated into oil & gas, construction, transportation, performance coating, and others.

Key Players:

Some of the prominent players operating in the Global Aerogel Market are BASF SE (Germany), Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal),  Enersens SAS (France), JIOS Aerogel Limited (U.S.) and Svenska Aerogel AB (Sweden) among others.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.Recent Development

  • The manufacturers and the investigators in March 2021, had launched 3D printing technologies of carbon aerogels for the electrodes used highly in ultra low-temperature supercapacitors. The researchers have used cellulose crystals of nanomaterials based on ink, and then freeze-fried it which was highly helpful in testing the surface. This so-called material had a high number of pores which had 500-micrometer openings to nanometre-sized pores present with the lattice blocks.

  • Ortholite on Feb 2021, has launched advanced and high performance of comfortable footwear. It had launched the technology where it has used thermal insole technology in cold weather shielding of footwears. It provides all the necessary cold protection which has been the world's softest and most insulative protection method.

  • The aerogels having lightweight properties, having resistant properties, less conductivity, and performing superiorly cells are some of the opportunities prompting market growth. Falling in product prices has prompted the rise in demand for the products.

Intended Audience

  • Aerogel Market Manufacturers

  • Traders and Distributors of Aerogel Market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 7.5 billion
¬†¬†CAGR ¬†¬†2020‚Äď2030: 17% CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form, Processing, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.) and Svenska Aerogel AB (Sweden) among others.
  Key Market Opportunities   Their lightweight nature, low conductivity, superior performance, and fire-resistant properties
  Key Market Drivers   Its optimized performance, and ease of application are set to drive the market growth over the assessment period

Frequently Asked Questions (FAQ) :

The growing demand from the oil and gas industry is likely to be the major driver for the global aerogel market over the forecast period. Construction, marine, and aerospace industries are also likely to be important to the market over the forecast period.

Virgin aerogel is the leading segment by processing, due to its widespread use in oil and gas, petrochemical, and other sectors.

The oil and gas sector holds a dominant 34% share in the global aerogels market, followed by the construction and transportation industries.

North America is the leading regional market for aerogels due to the growing consumption of aerogels in the oil and gas sector in the region.

Leading players in the aerogel market include BASF, Aspen Aerogels Inc., Cabot Corporation, Active Aerogels, Aerogel Technologies LLC, Enersens SAS, JIOS Aerogel Limited, and Svenska Aerogel AB.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response