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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
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In March 2022, Cabot Corporation strategically enhanced its presence in Asia by acquiring the Tokai Carbon Tianjin aerogel plant, boosting capacity and reinforcing its position in China’s growing insulation market.
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In 2023, Armacell secured full ownership of the Armacell JIOS Aerogels JV, strengthening its command over high-performance aerogel foam production and improving its product and innovation pipeline.
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.
Aerogel Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Aerogel Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers:
- Increasing Demand for Energy Efficiency
- Technological Advancements and Innovation
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Regulatory Support for Sustainable Practices - Increasing global focus on sustainability and energy efficiency is driving regulatory bodies to promote the adoption of advanced insulating materials like aerogels. Government policies and green building standards are encouraging industries to adopt low-emission, eco-friendly alternatives that can reduce carbon footprints without compromising performance. Aerogels, known for their exceptional thermal insulation and lightweight properties, align perfectly with these sustainability goals and are gaining traction in construction, oil & gas, automotive, and aerospace sectors.
Regulatory incentives and support for clean technologies are also boosting R&D and commercialization efforts within the aerogel market. Certifications, subsidies, and tax benefits for adopting energy-efficient solutions are encouraging companies to replace conventional insulation materials with aerogel-based systems. This regulatory push is playing a crucial role in positioning aerogels as a key enabler of green innovation and long-term environmental compliance across various industries.
Restraints:
- High Production Costs Manufacturing
- Challenges Competition from
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Conventional Insulation Materials - The widespread availability and lower cost of conventional insulation materials such as fiberglass, mineral wool, and polyurethane foam continue to restrain the growth of the aerogel market. These traditional materials have well-established supply chains, proven performance in standard applications, and relatively simple manufacturing processes, making them more accessible and economical for large-scale usage. For cost-sensitive sectors like construction and HVAC, these materials often remain the preferred choice despite aerogels' superior performance.
Additionally, the lack of awareness and limited infrastructure for aerogel integration in many regions creates barriers to adoption. Industries familiar with conventional insulation systems may be hesitant to transition to aerogels due to concerns over initial investment, installation complexity, or product standardization. Until production scalability improves and pricing becomes more competitive, conventional insulation will continue to act as a major restraint on aerogel market penetration.
Opportunities:
- High demand for thermal insulation
- Rising use in electric vehicles
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Expansion in energy-efficient construction - The increasing focus on energy-efficient construction is driving demand for advanced insulation materials like aerogels, which offer exceptional thermal resistance and minimal heat transfer. With global efforts to reduce energy consumption and meet green building standards, developers are seeking high-performance solutions that improve energy efficiency without adding significant weight or thickness to structures. Aerogels fulfill these requirements and are gaining attention for use in walls, roofs, facades, and window glazing.
As governments introduce stricter regulations and incentives for sustainable construction, aerogels are becoming a preferred material for both new projects and retrofitting older buildings. Their ability to enhance insulation in tight or irregular spaces gives them a competitive edge in urban environments where space and energy efficiency are critical. This shift toward sustainable infrastructure is opening up new growth opportunities for the aerogel market.
Aerogel Market Competitive Landscape Analysis
Key players in 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
- Market Share Analysis
- 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
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High demand for thermal insulation
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Rising use in electric vehicles
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Expansion in energy-efficient construction
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- 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