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Home » Chemicals and Materials » Aerogel Market Report 2030

Aerogel Market By Type (Silica Aerogel, Carbon Aerogel, Polymer Aerogel, Metal Oxide Aerogel, Others); By Form (Blanket, Particle, Panel, Monolith); By Processing (Virgin Aerogel, Additives, Composites); By Application (Oil & Gas, Transportation, Building & Construction, Performance Coatings, Pharmaceuticals, Industrial & Cryogenics, Others); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Published On: APR-2025   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 38153989

Aerogel Market Size & Overview

The Global Aerogel Market was valued at USD 1.29 billion in 2024 and is projected to reach around USD 3.61 billion by 2030, expanding at a CAGR of 16.6% during the forecast period. The market is experiencing robust growth, propelled by increasing demand for advanced thermal & fire-resistant insulation. The EV sector has fueled rapid expansion, with the aerogels market for EV batteries growing nearly 20-fold between 2021 to 2024.

 

Aerogel Market Dynamics:

Market Drivers

The aerogel market is growing rapidly due to rising demand for high-performance insulation across construction, energy & transportation sectors. Aerogels offer thermal conductivity as low as 0.013 W/m·K, making them up to ten times more efficient than traditional insulation. As prevention standards and thermal mitigation become more stringent across the US & Europe, the demand for aerogel thermal barriers like PyroThin is projected to rise substantially. Aspen has secured multi-year agreements with several leading EV suppliers & manufacturers to produce aerogel blankets for EV batteries. Its customers include General Motors, Scania, Toyota, Audi and Automotive Cells Company. In the oil & gas industry, their use in cryogenic and pipeline insulation is expanding alongside the global LNG trade, which exceeded 400 million tonnes in 2023.

 

Market Restraints

Manufacturing aerogels particularly silica & carbon types requires energy-intensive supercritical drying, contributing to prices that are often 3–5 times higher than conventional insulation. This cost barrier limits adoption in price-sensitive sectors like residential construction. While technological advances are improving fabrication methods, only a limited number of commercial producers currently operate globally, constraining supply & slowing market penetration in emerging economies. These factors collectively pose hurdles to widespread adoption, especially outside high-performance or specialty markets.

 

Market Opportunities

The aerogel market is poised for significant expansion due to emerging applications in EVs, aerospace & energy-efficient buildings. As global construction scales up, with building floor area projected to grow by 75% by 2050, the need for compact, high-performance insulation is accelerating. In transportation, aerogels are gaining momentum as lightweight thermal barriers especially in EV battery packs, where demand is rising. Additionally, global investments in sustainable infrastructure, estimated to exceed USD 4.5 trillion annually by 2030 (OECD), are creating fertile ground for aerogels in green construction & industrial retrofitting.

 

Aerogel Market Segmentation: A Comprehensive Overview

By Type:

  • Silica Aerogel

  • Carbon Aerogel

  • Polymer Aerogel

  • Metal Oxide Aerogel

  • Others

 

By Form:

  • Blanket

  • Particle

  • Panel

  • Monolith

 

By Processing:

  • Virgin Aerogel

  • Additives

  • Composites

 

By Application:

  • Oil & Gas

  • Transportation

  • Building & Construction

  • Performance Coatings

  • Pharmaceuticals

  • Industrial & Cryogenics

  • Others

 

By Region:

  • North America

  • Asia-Pacific

  • Europe

  • Latin America

  • Middle East & Africa

 

Segmentation Analysis – Aerogel Market

By Type:

Silica Aerogel holds the largest market share at 70%, driven by its high thermal performance and use in construction & energy sectors. Silica aerogels can achieve thermal conductivity as low as 0.013 W/m·K, making them up to 10x more efficient than fiberglass insulation.

Polymer Aerogel is the fastest-growing segment, projected to grow at a CAGR of 15%, fueled by applications in automotive interiors and aerospace insulation. The global polymer aerogel demand is expected to double by 2030 due to increasing use in lightweight EV components.

 

By Form:

Blanket leads the market with 55% share, favored in oil & gas and industrial insulation for its flexibility and large-area coverage. Aerogel blankets are used in over 70% of subsea pipelines requiring high-temperature insulation in offshore projects.

Monolith is the fastest-growing form, expanding at a CAGR of 14.3%, owing to its role in precision instruments and electronics. Monolith aerogels are being increasingly adopted in infrared sensors & photonics, with growing demand in defense & optics industries.

 

By Processing:

Virgin Aerogel dominates with a 60% market share, as pure aerogels remain the standard in high-performance insulation across industries. Virgin aerogels are used in NASA missions, including Mars rovers, due to their exceptional insulating properties in extreme environments.

Composites are the fastest-growing, with a CAGR of 14%, as aerogels are increasingly combined with polymers or fabrics to improve durability. Aerogel composites are now used in thermal jackets, gloves & protective gear, creating opportunities in military & PPE markets.

 

By Application:

Oil & Gas holds the largest share at 40%, due to aerogels' critical role in high-temperature and cryogenic insulation of pipelines and equipment. Global pipeline infrastructure investments are projected to exceed USD 320 billion by 2030, sustaining demand for high-performance insulation.

Transportation is the fastest-growing application, projected to grow at a CAGR of 16.2%, driven by electric vehicle and aircraft insulation needs. With EV sales expected to reach 45 Mn annually by 2030, demand for battery thermal management is accelerating aerogel adoption.

 

By Region:

North America leads with around 35% market share, supported by early adoption of aerogels in energy & construction sectors under green building mandates. The U.S. Energy Department estimates that building insulation improvements could cut heating and cooling costs by up to 30%, boosting aerogel demand.

APAC is the fastest-growing region, with a CAGR over 15%, due to industrial expansion, infrastructure development & government-led energy efficiency initiatives. APAC accounted for over 50% of global construction activity in 2023, making it a key region for aerogel insulation materials.

 

Aerogel Market Report Coverage

Report Attribute

Details

Forecast Period

2024 – 2032

Market Size Value in 2024

USD 1.29 Billion

Revenue Forecast in 2030

USD 3.61 Billion

Overall Growth Rate

CAGR of 16.6% (2024 – 2030)

Base Year for Estimation

2023

Historical Data

2017 – 2021

Unit

USD Billion, CAGR (2024 – 2030)

Segmentation

By Type, By Form, By Processing, By Application, By Geography

By Type

Silica Aerogel, Carbon Aerogel, Polymer Aerogel, Metal Oxide Aerogel, Others

By Form

Blanket, Particle, Panel, Monolith

By Processing

Virgin Aerogel, Additives, Composites

By Application

Oil & Gas, Transportation, Building & Construction, Performance Coatings, Pharmaceuticals, Industrial & Cryogenics, Others

By Region

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Country Scope

U.S., Canada, Germany, China, Japan, India, Brazil, UAE, etc.

Market Drivers

Rising demand for lightweight and energy-efficient materials, growth in oil & gas insulation needs

Pricing and Purchase Options

Customization available upon request

 

Key Players in the Aerogel Market

  • Aspen Aerogels Inc.

  • Cabot Corporation

  • Armacell

  • Guangdong Alison Hi-Tech Co., Ltd.

  • Nano Tech Co., Ltd.

  • BASF SE

  • Enersens

  • JIOS Aerogel Corporation

  • Active Aerogels

  • Svenska Aerogel Holding AB

Frequently Asked Question About This Report

Major players include Aspen Aerogels Inc., Cabot Corporation, Armacell, Nano Tech Co. Ltd., Guangdong Alison Hi-tech Co. Ltd., BASF SE, Active Aerogels, Enersens, JIOS Aerogel Corporation, and Svenska Aerogel Holding AB.

North America held the largest market share in 2024, supported by strong demand from the oil & gas, industrial insulation, and aerospace sectors, along with the presence of major aerogel manufacturers and favorable building efficiency regulations.

The market was valued at USD 1.29 billion in 2024 & is projected to reach around USD 3.61 billion by 2030, growing at a CAGR of 16.6%.

Key drivers include the superior thermal insulation efficiency of aerogels (up to 10x better than traditional materials), the push for energy efficiency and emission reduction, and the expanding use of aerogel materials in EVs, LNG pipelines, building envelopes, and aerospace systems.

Silica Aerogel led the market by type with over 70% share, due to its versatility and performance in insulation, while Oil & Gas was the leading application segment, driven by the use of aerogel blankets and panels in pipeline and cryogenic system insulation.

Source-

 https://www.greencarcongress.com/2024/10/20241017-aspen.html

https://www.nature.com/articles/s44221-024-00290-x

https://techxplore.com/news/2023-11-scientists-nanocellulose-based-aerogel-cooler.html

Table of Contents for the Aerogel Market Report

Executive Summary
• Market Overview
• Market Attractiveness by Type, Form, Processing, Application, and Region
• Strategic Insights from Key Executives (CXO Perspective)
• Historical Market Size and Future Projections (2022–2032)
• Summary of Market Segmentation by Type, Form, Processing, Application, and Region
Market Share Analysis
• Leading Players by Revenue and Market Share
• Market Share Analysis by Type, Form, and Application
Investment Opportunities in the Global Aerogels Market
• Key Developments and Innovations
• Mergers, Acquisitions, and Strategic Partnerships
• High-Growth Segments for Investment
Market Introduction
• Definition and Scope of the Study
• Market Structure and Key Findings
• Overview of Top Investment Pockets
Research Methodology
• Research Process Overview
• Primary and Secondary Research Approaches
• Market Size Estimation and Forecasting Techniques
Market Dynamics
• Key Market Drivers
• Challenges and Restraints Impacting Growth
• Emerging Opportunities for Stakeholders
• Impact of Macroeconomic and Technological Factors
• COVID-19 and Post-Pandemic Analysis
Global Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type:
o Silica Aerogel
o Polymer Aerogel
o Carbon Aerogel
o Metal Oxide Aerogel
o Others
• Market Analysis by Form:
o Blanket
o Panel
o Particle
o Monolith
• Market Analysis by Processing:
o Virgin Aerogel
o Composites
o Additives
• Market Analysis by Application:
o Oil & Gas
o Building & Construction
o Transportation
o Performance Coatings
o Daylighting & LVHS (Low Vision High Sensitivity)
o Pharmaceuticals
o Industrial & Cryogenics
o Others
• Market Analysis by Region:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa
North America Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type
• Market Analysis by Form
• Market Analysis by Processing
• Market Analysis by Application
• Country-Level Breakdown:
o United States
o Canada
o Mexico
Europe Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type
• Market Analysis by Form
• Market Analysis by Processing
• Market Analysis by Application
• Country-Level Breakdown:
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
Asia-Pacific Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type
• Market Analysis by Form
• Market Analysis by Processing
• Market Analysis by Application
• Country-Level Breakdown:
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
Latin America Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type
• Market Analysis by Form
• Market Analysis by Processing
• Market Analysis by Application
• Country-Level Breakdown:
o Brazil
o Argentina
o Rest of Latin America
Middle East & Africa Aerogels Market Analysis
• Historical Market Size and Volume (2022–2032)
• Market Size and Volume Forecasts (2024–2032)
• Market Analysis by Type
• Market Analysis by Form
• Market Analysis by Processing
• Market Analysis by Application
• Country-Level Breakdown:
o GCC Countries
o South Africa
o Rest of Middle East & Africa
Key Players and Competitive Analysis
• Aspen Aerogels Inc. – Leading Provider of High-Performance Aerogels
• Cabot Corporation – Innovations in Aerogel Technology for Industrial Applications
• Armacell – Key Player in Aerogel Insulation Solutions
• Nano Tech Co. Ltd. – Specializing in Advanced Aerogel Products
• Guangdong Alison Hi-tech Co. Ltd. – Noted for Innovative Aerogel Materials
• BASF SE – Strong Portfolio in Polymer and Composite Aerogels
• Active Aerogels – Provider of Sustainable and Lightweight Aerogel Products
• Enersens – Expertise in Thermal Insulation Using Aerogels
• JIOS Aerogel Corporation – Focus on Specialty Aerogels for Industrial Applications
• Svenska Aerogel Holding AB – Leading Supplier of Silica Aerogels
Appendix
• Abbreviations and Terminologies Used in the Report
• References and Sources
List of Tables
• Market Size by Type, Form, Processing, Application, and Region (2024–2032)
• Regional Market Breakdown by Type, Form, and Application (2024–2032)
List of Figures
• Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
• Regional Market Snapshot for Key Regions
• Competitive Landscape and Market Share Analysis
• Growth Strategies Adopted by Key Players
• Market Share by Type, Form, and Application (2024 vs. 2032)

 

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