The aerogel industry is involved in the production and application of aerogel materials. Aerogels are unique, lightweight, porous materials with extremely low density, high porosity, and excellent thermal insulation properties. They are composed of a gel structure in which the liquid component is replaced with gas, resulting in a solid material that is mostly air. The aerogel market size was USD 0.9 billion in 2024 and is projected to reach USD 1.6 billion by 2029, at a CAGR of 12.8%, between 2024 and 2029. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Browse 224 market data Tables and 53 Figures spread through 225 Pages and in-depth TOC on "Aerogel Market by Type (Silica, Polymer, Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (As Manufactured, Composites), Application (Energy Industrial, Transportation, Architecture & Construction), and Region - Global Forecast to 2029 "
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Aerogels find applications in various industries due to their exceptional properties. Some key end-use industries for aerogels include:
☑️ Construction and Building: Aerogels are used as insulation materials in buildings and infrastructure. They provide superior thermal insulation, helping to reduce energy consumption and enhance energy efficiency in structures.
☑️ Oil and Gas: Aerogels are utilized for insulation in pipelines, vessels, and equipment in the oil and gas industry. They can withstand high-temperature environments and are effective in reducing heat transfer, improving energy efficiency, and preventing corrosion.
☑️ Aerospace and Defense: Aerogels are employed in aerospace and defense applications due to their lightweight nature and excellent thermal insulation properties. They are used for thermal protection in spacesuits, spacecraft, and insulating materials for aircraft.
☑️ Automotive: Aerogels are incorporated into automotive components, such as insulation for exhaust systems, catalytic converters, and engine compartments. Their insulation properties help reduce noise, vibrations, and improve fuel efficiency.
☑️ Electronics: Aerogels are used in electronics and electrical devices as thermal management solutions. They help dissipate heat generated by electronic components, ensuring their optimal performance and longevity.
☑️ Healthcare and Biomedical: Aerogels have potential applications in drug delivery systems, wound healing, tissue engineering scaffolds, and medical devices. They can be designed to have specific properties suitable for different biomedical applications.
The demand for aerogels has been increasing across these industries due to their exceptional insulation properties, lightweight nature, and versatility. As industries strive for energy efficiency, improved performance, and environmental sustainability, the demand for aerogels is expected to continue to grow.
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Key Dynamics in the Aerogel Market include:
▶️ Growing demand for energy-efficient solutions.
▶️ Increasing construction activities.
▶️ Advancements in manufacturing technologies.
▶️ Cost considerations and efforts to improve cost-effectiveness.
▶️ Technological advancements and innovation.
Aerogel Market Trending Key Players
The key players profiled in the report include Aspen Aerogels, Inc. (US), Cabot Corporation (US), Armacell International S.A. (Luxembourg), Nano Tech Co., Ltd. (China), Zhejiang UGOO Technology Co., Ltd. (China), Guangdong Alison Technology Co., Ltd. (China), Beerenberg AS (Norway), Aerogel Technologies, LLC (US), Enersens (France), IBIH Advanced Materials Co., Ltd. (China), aerogel-it GmbH (Germany), and among others. The aerogel market has witnessed insignificant growth in the past few years; mounting demand from energy industrial and transportation applications to drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
Armacell (Germany) is one of the major players in the aerogel market. In order to expand its business, the company is focusing on enhancing its market reach by entering new markets and regions. For instance, in August 2019, Armacell (Germany) launched its industrial-scale aerogel line at its new plant in Cheonan, South Korea. This development can increase the annual production of aerogel-based insulation products from 250,000 m2 to 750,000 m2. Similarly, Aspen Aerogels has made an expansion into automotive design and production with the introduction of Airloy in the automotive application.
Polymer was the fastest growing type segment in the aerogel market during the forecast period
Polymer aerogel material is stronger than silica aerogel. Unlike its silica counterpart, polymer aerogel has high strength, is mechanically robust, and can be used for structural applications. Organic polymer aerogels can be made from resorcinol formaldehyde, phenol formaldehyde, melamine formaldehyde, cresol formaldehyde, phenol furfuryl alcohol, polyacrylamides, polyacrylonitriles, polyacrylates, polycyanurates, polyfurfuryl alcohol, polyimides, polystyrenes, polyurethanes, polyvinyl alcohol dialdehyde, epoxies, agar, and agarose. The growth of polymer aerogels is mainly driven by its low thermal conductivity and high mechanical strength.
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Particle segment is projected to be the fastest growing form of the aerogel market during the forecast period
The particle form is expected to be the fastest-growing segment of the aerogel market during the forecast period. Growing demand from applications, such as day-lighting, performance coating, and personal care and cosmetics, is expected to drive the aerogel market in the particle segment. Particle materials offer light transmission properties and low thermal conductivity, making them ideal for fenestration segments, such as architecture and construction and building applications. The particle material is also used for applications in the automotive and marine, and clothing segments.
APAC projected to be fastest growing region for the aerogel market during the forecast period
Growing industrialization and infrastructure development in the region offer enormous opportunities for the use of aerogel in Asia Pacific. Very few companies based in China and South Korea are involved in the production of aerogels, mainly due to the requirement of huge capital and advanced technology. The technology for producing aerogels at the commercial level is patented by leading players, such as Aspen Aerogels and Cabot Corporation. The R&D required for aerogels adds costs to the already expensive manufacturing process. These factors have been hurdles for the large-scale establishment of aerogels in Asia Pacific.