Aerogel Blanket Market
By Material Type;
Silica, Polymers, and CarbonBy Form;
Blanket, Particle, Panel, and MonolithBy Application;
Defense, Healthcare, Automobile, Aerospace, and Oil & GasBy End User;
Energy, Construction, Aerospace, Automotive, and Marine, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Aerogel Blanket Market Overview
Aerogel Blanket Market (USD Million)
Aerogel Blanket Market was valued at USD 401.10 million in the year 2024. The size of this market is expected to increase to USD 1,277.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.0%.
Aerogel Blanket Market
*Market size in USD million
CAGR 18.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 18.0 % |
Market Size (2024) | USD 401.10 Million |
Market Size (2031) | USD 1,277.70 Million |
Market Concentration | Low |
Report Pages | 348 |
Major Players
- Aspen Aerogels, Inc.
- Cabot Corporation
- Aerogel Technologies, LLC
- Nano Tech Co., Ltd.
- Guangdong Alison Hi-Tech Co., Ltd.
- Enersens
- Jios Aerogel Corporation
- Armacell International S.A.
- BASF SE
- Active Aerogels
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Aerogel Blanket Market
Fragmented - Highly competitive market without dominant players
The Aerogel Blanket Market is witnessing consistent growth as industries increasingly recognize the advantages of advanced insulation materials. Known for being lightweight and highly efficient, aerogel blankets now account for close to 50% usage in industrial insulation systems. Their ability to deliver superior thermal resistance while lowering energy expenses has made them a trusted solution across a wide range of applications.
Growing reliance on advanced insulation
The need for energy conservation and sustainability has significantly boosted the adoption of advanced insulation technologies. Aerogel blankets deliver nearly 30% higher thermal efficiency compared to traditional materials, positioning them as a leading choice in oil and gas, building construction, and transportation sectors. Their role in reducing energy loss and ensuring long-term durability continues to strengthen market adoption.
Material innovations driving performance
Progress in material innovation and aerogel manufacturing techniques has enhanced both cost-effectiveness and versatility. Manufacturers are developing products with improved flexibility, enabling easy integration into intricate industrial systems. Roughly 25% of newly launched products now focus on multi-functional features such as fire resistance and acoustic insulation, showcasing the shift toward adaptable and performance-oriented solutions.
Strategic partnerships fueling expansion
The market is also being shaped by strategic partnerships, mergers, and collaborative ventures that focus on scaling production and expanding research. Nearly 40% of established companies are actively engaging in alliances to improve product reach and accelerate innovation pipelines. These strategies are enabling broader accessibility while supporting competitive growth in the aerogel blanket sector.
Promising future outlook
With sustainability initiatives gaining prominence, the aerogel blanket market is expected to continue its steady expansion. More than 45% of industries are now prioritizing energy-efficient insulation technologies in their long-term strategies. Coupled with innovation, expansion, and strong application potential, aerogel blankets are set to remain a vital element in next-generation industrial insulation solutions.
Aerogel Blanket Market Recent Developments
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Advanced aerogel fiber composite blankets like Cryogel Z are being used in liquefied natural gas (LNG) systems for superior thermal insulation and durability. They reduce installation time, increase efficiency, and lower environmental impact through modularized construction processes
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ThermaGEL Innovations introduced cost-effective aerogels with improved heat resistance and eco-friendliness. This innovation could capture a significant share of the U.S. insulation market while dramatically reducing CO₂ emissions
Aerogel Blanket Market Segment Analysis
In this report, The Aerogel Blanket Market has been segmented by Material Type, Form, Application ,End User and Geography.
Aerogel Blanket Market, Segmentation by Material Type
The Aerogel Blanket Market has been segmented by Material Type into Silica, Polymers and Carbon.
Silica
The silica segment dominates the aerogel blanket market with 70–75% share due to its superior thermal insulation, lightweight structure, and non-flammable properties. It is widely used in oil & gas, building insulation, and aerospace applications, making it the leading material type.
Polymers
Polymer-based aerogel blankets hold around 15–18% of the market, offering excellent mechanical flexibility, moisture resistance, and durability. They are extensively applied in construction, automotive, and other industrial sectors where adaptability and long service life are critical.
Carbon
Carbon aerogel blankets account for 8–10% of the market, recognized for their superior electrical conductivity and thermal stability. These features make them ideal for energy storage, batteries, and supercapacitors. With the rise of renewable energy solutions, their adoption is set to increase further.
Aerogel Blanket Market, Segmentation by Form
The Aerogel Blanket Market has been segmented by Form into Blanket, Particle, Panel and Monolith.
Blanket
The blanket form leads the aerogel market with 65–70% share due to its superior thermal insulation, lightweight design, and flexibility. It is widely applied in oil & gas pipelines, building insulation, and the automotive industry, making it the most commercially adopted form.
Particle
Aerogel particles account for 12–15% of the market, offering exceptional low thermal conductivity and high surface area. They are commonly used in coatings, paints, personal care, and specialty insulation products, enabling versatile industrial applications.
Panel
The panel segment represents 10–12% of the market, valued for its compressive strength, durability, and stability. Panels are adopted in aerospace, defense, and construction projects where long-lasting insulation is required despite reduced flexibility.
Monolith
Monolith aerogels contribute 5–8% of the market, recognized for their structural rigidity, transparency, and specialized uses. Though costly, they are increasingly applied in research, sensors, and energy storage devices, making them a niche but high-value segment.
Aerogel Blanket Market, Segmentation by Application
The Aerogel Blanket Market has been segmented by Application into Defense,Healthcare,Automobile,Aerospace and Oil & Gas.
Defense
The defense sector holds 25–28% of the aerogel blanket market, using them in military vehicles, protective gear, and aerospace defense systems. Their lightweight insulation and resilience in extreme conditions make them critical for defense applications.
Healthcare
The healthcare segment accounts for 10–12% of demand, with applications in medical devices, implants, and thermal protection for equipment. The biocompatibility and lightweight nature of aerogels support their use in specialized healthcare innovations.
Automobile
The automobile sector contributes 15–18% of the market, where aerogels are applied for thermal insulation and acoustic insulation. With the growth of electric vehicles (EVs), their role in battery protection and efficiency is rapidly expanding.
Aerospace
The aerospace industry represents 20–22% of the market, leveraging aerogels in aircraft, satellites, and space exploration. Their lightweight properties and ability to withstand extreme conditions make them indispensable in this sector.
Oil & Gas
The oil & gas segment leads with 28–30% share, utilizing aerogel blankets for pipeline insulation, subsea systems, and refineries. Their durability and superior performance under high temperature and high pressure environments make this the largest application area.
Aerogel Blanket Market, Segmentation by End User
The Aerogel Blanket Market has been segmented by End User into Energy, Construction, Aerospace and Others.
Energy
The energy sector dominates the market with 40–42% share, using aerogel blankets in pipelines, refineries, and subsea systems. Their superior thermal resistance and ability to perform under high-pressure conditions make them vital in oil, gas, and power generation.
Construction
The construction industry accounts for 25–28% of demand, applying aerogel blankets in roofing, wall insulation, and building envelopes. With the rising push for sustainable buildings and energy efficiency, their adoption in residential and commercial projects is expanding.
Aerospace
The aerospace sector contributes 18–20% of the market, using aerogels in aircraft, satellites, and space missions. Their lightweight properties and resistance to extreme environments make them indispensable for advanced aerospace systems.
Others
The others category represents 10–12% share, covering automotive, healthcare, and industrial applications. Aerogel blankets here provide thermal insulation, improved durability, and greater operational efficiency, ensuring consistent demand across specialized sectors.
Aerogel Blanket Market, Segmentation by Geography
In this report, The Aerogel Blanket Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Aerogel Blanket Market Share (%), by Geographical Region
North America
North America leads the aerogel blanket market with 35–38% share, driven by strong demand in energy, aerospace, and construction. The presence of leading manufacturers and focus on energy-efficient solutions continue to boost growth in this region.
Europe
Europe holds 25–27% of the market, supported by strict energy efficiency regulations and emphasis on sustainable construction. Key countries such as Germany, France, and the UK drive adoption, with increasing use in automotive and industrial applications.
Asia Pacific
Asia Pacific represents 22–25% of demand, making it the fastest-growing region. Rising urbanization, rapid infrastructure development, and higher investments in aerospace and defense across China, India, and Japan fuel this expansion.
Middle East & Africa
Middle East & Africa account for 6–8% share, largely driven by the oil & gas industry and increasing infrastructure projects. As a major energy hub, the region continues to present steady opportunities for aerogel blanket adoption.
Latin America
Latin America contributes 5–7% share, with Brazil and Mexico leading regional demand. Growth is supported by expanding construction activity, modernization of energy infrastructure, and new industrial investments.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aerogel Blanket Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers
- Superior insulation performance
- Growing demand in oil & gas
- Energy-efficient building materials trend
- Lightweight and flexible properties
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Environmental regulations compliance: The global aerogel blanket market is increasingly influenced by stringent environmental regulations aimed at reducing carbon emissions and promoting sustainable practices. Governments and regulatory bodies worldwide are implementing policies that necessitate the use of energy-efficient materials in various industries, including construction, oil and gas, and automotive. Aerogel blankets, known for their superior thermal insulation properties, are being adopted as they help in reducing energy consumption and greenhouse gas emissions. Compliance with environmental regulations, such as the European Union's Energy Performance of Buildings Directive (EPBD) and the U.S. Green Building Council's LEED certification, drives the demand for aerogel blankets, encouraging manufacturers to innovate and develop eco-friendly products.
The production processes of aerogel blankets are subject to environmental scrutiny to minimize their ecological footprint. Companies in the market are investing in sustainable manufacturing techniques and sourcing raw materials responsibly to meet regulatory standards. Environmental regulations also promote the recycling and reuse of aerogel materials, reducing waste and conserving resources. As a result, the global aerogel blanket market is not only driven by the need for superior insulation solutions but also by the imperative to adhere to environmental compliance, ensuring sustainable growth and contributing to global efforts in combating climate change.
Restraints
- High production costs
- Limited raw material availability
- Complex manufacturing processes
- Competition from traditional materials
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Limited consumer awareness: The Global Aerogel Blanket Market faces significant challenges due to limited consumer awareness. Despite the advanced properties and potential applications of aerogel blankets in insulation, energy conservation, and environmental sustainability, the general public remains largely uninformed about these benefits. This lack of awareness hampers market growth, as potential consumers are less likely to seek out or adopt aerogel blankets for residential or commercial use. Marketing efforts and educational initiatives are crucial to bridge this knowledge gap, highlighting the advantages of aerogel technology over traditional insulation materials. Increased awareness can drive demand, encouraging manufacturers to scale production and reduce costs through economies of scale.
In addition to the consumer sector, limited awareness extends to industry professionals and stakeholders who may influence market adoption. Architects, builders, and energy consultants often default to conventional insulation materials due to familiarity and established practices. Without targeted outreach and demonstration of aerogel blankets' superior performance, these key decision-makers may overlook the product. Collaborative efforts between aerogel manufacturers, industry associations, and government bodies can play a vital role in promoting the benefits of aerogel blankets. By integrating aerogel technology into building codes, energy efficiency programs, and sustainability certifications, the market can overcome awareness barriers, paving the way for broader adoption and significant growth.
Opportunities
- Expansion in aerospace applications
- Advancements in production technology
- Increasing demand in automotive
- Potential in renewable energy sectors
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Emerging markets growth: The Global Aerogel Blanket Market is experiencing significant growth, driven by increasing demand from various end-use industries such as oil and gas, construction, automotive, and aerospace. Aerogel blankets are known for their superior thermal insulation properties, lightweight nature, and high durability, making them ideal for applications requiring energy efficiency and reduced thermal conductivity. The market is benefiting from heightened awareness of energy conservation and the need for sustainable building materials, which are pushing the adoption of aerogel blankets in construction projects worldwide. Additionally, stringent regulations on energy efficiency and greenhouse gas emissions are further propelling the market forward.
Emerging markets, particularly in Asia-Pacific, are expected to be the fastest-growing regions for the aerogel blanket market. Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations are creating substantial opportunities for market expansion. The growing automotive and aerospace sectors in these regions are also contributing to increased demand for aerogel blankets due to their insulating properties and weight reduction benefits. Moreover, government initiatives promoting energy-efficient buildings and industrial processes are likely to bolster market growth in these emerging economies. As these markets continue to develop, the global aerogel blanket market is poised for robust growth and increased penetration across various industries.
Competitive Landscape Analysis
Key players in Global Aerogel Blanket Market include:
- Aspen Aerogels, Inc.
- Cabot Corporation
- Aerogel Technologies, LLC
- Nano Tech Co., Ltd.
- Guangdong Alison Hi-Tech Co., Ltd.
- Enersens
- Jios Aerogel Corporation
- Armacell International S.A.
- BASF SE
- Active Aerogels
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Material Type
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Aerogel Blanket Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Superior insulation performance
- Growing demand in oil & gas
- Energy-efficient building materials trend
- Lightweight and flexible properties
- Environmental regulations compliance
- Restraints
- High production costs
- Limited raw material availability
- Complex manufacturing processes
- Competition from traditional materials
- Limited consumer awareness
- Opportunities
- Expansion in aerospace applications
- Advancements in production technology
- Increasing demand in automotive
- Potential in renewable energy sectors
- Emerging markets growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Aerogel Blanket Market, By Material Type, 2021 - 2031 (USD Million)
- Silica
- Polymers
- Carbon
- Aerogel Blanket Market, By Form, 2021 - 2031 (USD Million)
- Blanket
- Particle
- Panel
- Monolith
- Aerogel Blanket Market, By Application, 2021 - 2031 (USD Million)
- Defense
- Healthcare
- Automobile
- Aerospace
- Oil & Gas
- Aerogel Blanket Market, By End User, 2021 - 2031 (USD Million)
- Energy
- Construction
- Aerospace
- Automotive
- Marine
- Others
- Aerogel Blanket Market, By Geography, 2021- 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Aerogel Blanket Market, By Material Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Aspen Aerogels, Inc.
- Cabot Corporation
- Aerogel Technologies, LLC
- Nano Tech Co., Ltd.
- Guangdong Alison Hi-Tech Co., Ltd.
- Enersens
- Jios Aerogel Corporation
- Armacell International S.A.
- BASF SE
- Active Aerogels
- Company Profiles
- Analyst Views
- Future Outlook of the Market