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Add to CartGlobal Aerogel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and OthersBy Form;
Blanket, Particle, Panel, and MonolithBy Processing;
As Manufactured (Virgin Aerogels), Composites, and AdditivesBy Application;
Energy Industrial, Transportation, Architecture & Construction, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Aerogel Market Overview
Aerogel Market (USD Million)
Aerogel Market was valued at USD 1,072.62 million in the year 2024. The size of this market is expected to increase to USD 2,269.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.3%.
Global Aerogel Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 11.3 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 11.3 % |
| Market Size (2024) | USD 1,072.62 Million |
| Market Size (2031) | USD 2,269.40 Million |
| Market Concentration | Low |
| Report Pages | 332 |
Major Players
- Aspen Aerogels
- Cabot Corporation
- Aerogel Technologies
- Nano High-Tech
- Guangdong Alison Hi-Tech
- Active Aerogels
- Enersens
- JIOS Aerogel
- BASF
- Svenska Aerogel
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Aerogel Market
Fragmented - Highly competitive market without dominant players
The Aerogel Market is witnessing steady growth, driven by its outstanding thermal and acoustic insulation properties. These ultra-light materials outperform conventional insulators, making them ideal for applications requiring energy efficiency. Currently, more than 45% of aerogel usage is dedicated to insulation, underlining its value in industrial and construction environments.
Growing Utility in Energy and Oil & Gas Sectors
The oil & gas and energy industries are increasingly leveraging aerogels for thermal insulation and equipment protection. Approximately 25% of the market demand stems from these sectors. Aerogels provide thermal stability and resistance to harsh chemicals, offering a cost-effective solution for complex industrial applications.
Technological Enhancements Streamlining Production
Ongoing improvements in production technology have significantly accelerated aerogel manufacturing. Innovations have led to nearly 40% faster production rates, lowering overall costs and boosting availability. These advances are making it easier for new sectors to adopt aerogel-based solutions.
Sustainable Material with Environmental Advantages
Aerogels are emerging as a sustainable alternative to traditional insulators, helping companies meet green standards. Currently, more than 35% of sustainable construction projects utilize aerogels to enhance energy efficiency. Their recyclable nature and low environmental footprint contribute to their growing adoption in eco-conscious initiatives.
Aerogel Market Recent Developments
- In September 2023, Beerenberg AS entered into a distribution agreement with aerogel-it GmbH to introduce Oryza Aerogel insulation products to the European market.
- In March 2023, Enersens scaled up the production capacity of its SKOGAR products after it became the winner of the EIC Accelerator program.
Aerogel Market Segment Analysis
In this report, the Aerogel Market has been segmented by Type, Form, Processing, Application, and Geography.
Aerogel Market, Segmentation by Type
The Aerogel Market has been segmented by Type into Silica Aerogel, Polymer Aerogel, Carbon Aerogel and Others.
Silica Aerogel
Silica aerogel dominates the aerogel market, accounting for approximately 60% of total demand. Its lightweight nature, high thermal insulation, and excellent porosity make it ideal for applications in construction, oil & gas, and industrial insulation.
Polymer Aerogel
Polymer aerogel represents around 20% of market share. These aerogels offer flexibility, mechanical strength, and low thermal conductivity, used in flexible insulation, electronics, and apparel.
Carbon Aerogel
Carbon aerogel contributes approximately 10% of the market. Its high electrical conductivity, low density, and large surface area make it valuable for energy storage devices, supercapacitors, and catalysts.
Others
The others category, including metal aerogels and hybrid aerogels, holds the remaining 10% of market share. These materials cater to niche applications requiring specific properties like magnetic functionality or unique pore structures.
Aerogel Market, Segmentation by Form
The Aerogel Market has been segmented by Form into Blanket, Particle, Panel and Monolith.
Blanket
Blanket aerogels dominate the aerogel market, accounting for approximately 45% of total demand. These flexible, lightweight materials provide superior thermal insulation and are widely used in construction, oil & gas, and industrial applications.
Particle
Particle aerogels represent around 30% of market share. Their versatility and ease of incorporation into composites make them ideal for coatings, adsorbents, and energy storage applications.
Panel
Panel aerogels contribute approximately 15% of the market. These rigid, lightweight panels provide thermal insulation and fire resistance, commonly used in building facades, appliances, and automotive components.
Monolith
Monolith aerogels hold the remaining 10% of market share. These solid, seamless forms offer structural integrity and are used in specialized applications such as laboratory equipment and high-precision devices.
Aerogel Market, Segmentation by Processing
The Aerogel Market has been segmented by Processing into As Manufactured (Virgin Aerogels), Composites and Additives.
As Manufactured (Virgin Aerogels)
Virgin aerogels account for approximately 50% of the aerogel market. These pure, high-performance materials provide exceptional thermal insulation, low density, and high surface area, used in applications like oil & gas, construction, and electronics.
Composites
Composites represent around 35% of market share. By integrating aerogels into other materials, these composites enhance mechanical properties and flexibility, making them suitable for building insulation, automotive components, and protective clothing.
Additives
Additives contribute approximately 15% of the market. Aerogel particles are used as functional additives to improve thermal properties, lightweight characteristics, and fire resistance in coatings, paints, and sealants.
Aerogel Market, Segmentation by Application
The Aerogel Market has been segmented by Application into Energy Industrial, Transportation, Architecture & Construction, and Others.
Energy Industrial
Energy industrial applications dominate the aerogel market, accounting for approximately 40% of total demand. Aerogels are used in thermal insulation for oil & gas pipelines, refineries, and power generation systems due to their exceptional thermal properties and lightweight structure.
Transportation
Transportation represents around 25% of market share. Aerogels provide lightweight insulation solutions and thermal protection in automotive, aerospace, and marine applications, improving fuel efficiency and passenger comfort.
Architecture & Construction
Architecture and construction contribute approximately 20% of the market. Aerogels are used in building insulation materials, window panels, and facade systems for their superior thermal performance and lightweight properties.
Others
The others category, including electronics, textiles, and specialty applications, holds the remaining 15% of market share. These sectors leverage aerogels for thermal management and high-performance insulation.
Aerogel Market, Segmentation by Geography
In this report, the Aerogel Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Aerogel Market Share (%), by Geographical Region
North America
North America holds approximately 35% of the aerogel market. The region benefits from robust demand in oil & gas, construction, and aerospace industries, driven by technological advancements and infrastructure development.
Europe
Europe represents around 25% of market share. The region’s focus on energy efficiency and sustainable building practices drives the adoption of aerogel materials in architecture, construction, and industrial applications.
Asia Pacific
Asia Pacific leads the global market, contributing nearly 30% of total revenue. Rapid industrialization, expanding energy sector, and growing demand from construction and transportation industries in countries like China, India, and Japan are fueling market growth.
Middle East and Africa
Middle East and Africa account for about 5% of the market. Increased investments in oil & gas infrastructure and building insulation solutions contribute to the region's growing demand for aerogel products.
Latin America
Latin America holds the remaining 5% of market share. The region’s expanding industrial and construction sectors are driving the adoption of aerogels for improved energy efficiency and thermal management.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aerogel Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Increasing Demand for Energy Efficiency
- Technological Advancements and Innovation
-
Regulatory Support for Sustainable Practices-Government regulations and incentives promoting energy-efficient and sustainable building practices are significantly boosting the adoption of aerogels, particularly in North America and Europe. Regulatory support for sustainable practices is playing a pivotal role in shaping the Global Aerospace Coatings Market. Governments and regulatory bodies worldwide are increasingly implementing stringent environmental regulations aimed at reducing the carbon footprint and harmful emissions associated with industrial activities. For the aerospace industry, this means adhering to guidelines that limit volatile organic compounds and other hazardous substances in coatings. Agencies such as the Environmental Protection Agency in the United States and the European Chemicals Agency have established rigorous standards that aerospace coatings must meet.
These regulations are driving manufacturers to innovate and develop eco-friendly, low-VOC, and water-based coatings that comply with these sustainability requirements while maintaining high performance and durability.The push for sustainable practices is not only regulatory-driven but also aligns with the broader industry trend towards environmental responsibility and corporate sustainability goals. Aerospace companies are increasingly prioritizing green technologies and materials in their operations to enhance their environmental credentials and meet stakeholder expectations. This regulatory support for sustainable practices is fostering a market environment where eco-friendly aerospace coatings are becoming the norm rather than the exception. Companies investing in sustainable coating solutions can gain a competitive edge by aligning with regulatory standards and market demand for greener products. Additionally, incentives and support from governments for research and development in sustainable technologies are further encouraging innovation in the aerospace coatings market, leading to the creation of advanced products that contribute to both environmental protection and improved aircraft performance.
Restraints:
- High Production Costs Manufacturing
- Challenges Competition from
-
Conventional Insulation Materials-Aerogels face strong competition from established insulation materials like fiberglass and foam, which are more cost-effective and widely accepted in the market.The intricate and specialized nature of aerogel manufacturing processes can limit production scalability and increase the time required to bring products to market, constraining growth potential.Conventional insulation materials, such as fiberglass and foam, present a significant challenge to the widespread adoption of advanced materials like aerogels in the insulation market. Fiberglass and foam have been the standard in insulation for decades due to their cost-effectiveness, ease of installation, and well-established manufacturing processes. These materials offer sufficient thermal insulation for a variety of applications, from residential and commercial buildings to industrial and transportation sectors.
Their widespread acceptance and extensive distribution networks make them the go-to choice for many insulation needs, posing a barrier to newer, more advanced alternatives that may offer superior performance but at a higher initial cost.However, while conventional insulation materials dominate the market, they are not without their limitations. Fiberglass, for instance, can pose health risks during installation due to the release of tiny glass fibers, and foam insulation often involves the use of chemicals that can have environmental and health impacts. In contrast, advanced materials like aerogels provide superior thermal performance and are more environmentally friendly, offering better insulation properties in thinner and lighter formats. Despite these advantages, the higher production costs and lack of widespread familiarity with aerogels and other advanced materials mean that conventional insulation materials continue to maintain their strong market position. Overcoming these barriers requires not only technological advancements to reduce costs but also increased awareness and education about the long-term benefits and safety advantages of alternative insulation solutions.
Opportunities:
- Expansion in Emerging Markets
- New Application Areas
-
Strategic Partnerships and Collaborations-Expansion in Rapid industrialization and urbanization in regions such as Asia-Pacific present significant growth opportunities for aerogels, driven by increasing demand for energy-efficient building materials and industrial insulation. New Application Areas: The versatility of aerogels allows for their application in emerging sectors such as aerospace, electronics, and healthcare. Continued research and development can unlock new uses and expand market reach. Strategic Partnerships and Collaborations: Collaborations between aerogel manufacturers, research institutions, and industry players can accelerate innovation, improve production techniques, and enhance market penetration, creating new growth opportunities.
Strategic partnerships and collaborations are becoming increasingly vital in the Global Aerospace Coatings Market, driving innovation and market expansion. These partnerships often involve cooperation between aerospace coatings manufacturers, aircraft producers, research institutions, and regulatory bodies. By pooling resources and expertise, these collaborations can accelerate the development of advanced coatings that meet stringent aerospace industry standards. For instance, partnerships between coatings manufacturers and aircraft producers can lead to the creation of customized coating solutions that enhance aircraft performance, durability, and aesthetics. Such collaborations also facilitate the integration of cutting-edge technologies, such as nanotechnology and smart coatings, which offer enhanced protection and functionality for aerospace applications.
Competitive Landscape Analysis
Key players in Global Aerogel Market include:
- Aspen Aerogels
- Cabot Corporation
- Aerogel Technologies
- Nano High-Tech
- Guangdong Alison Hi-Tech
- Active Aerogels
- Enersens
- JIOS Aerogel
- BASF
- Svenska Aerogel
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 Type
- Market Snapshot, By Form
- Market Snapshot, By Processing
- Market Snapshot, By Application
- Market Snapshot, By Region
- Aerogel Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand for Energy Efficiency
- Technological Advancements and Innovation
- Regulatory Support for Sustainable Practices
- Restraints
- High Production Costs Manufacturing
- Challenges Competition from
- Conventional Insulation Materials
- Opportunities
- Expansion in Emerging Markets
- New Application Areas
- Strategic Partnerships and Collaborations
- 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
- Porter's Analysis
- Drivers, Restraints and Opportunities
- Market Segmentation
- Aerogel Market, By Type, 2021 - 2031 (USD Million)
- Silica Aerogel
- Polymer Aerogel
- Carbon Aerogel
- Others
- Aerogel Market, By Form, 2021 - 2031 (USD Million)
- Blanket
- Particle
- Panel
- Monolith
- Aerogel Market, By Processing, 2021 - 2031 (USD Million)
- As Manufactured (Virgin Aerogels)
- Composites
- Additives
- Aerogel Market, By Application, 2021 - 2031 (USD Million)
- Energy Industrial
- Transportation
- Architecture & Construction
- Others
- Aerogel 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 Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Aspen Aerogels
- Cabot Corporation
- Aerogel Technologies
- Nano High-Tech
- Guangdong Alison Hi-Tech
- Active Aerogels
- Enersens
- JIOS Aerogel
- BASF
- Svenska Aerogel
- Company Profiles
- Analyst Views
- Future Outlook of the Market