Aerogel market is expected to grow USD 7.5 billion at a CAGR 17% during the forecast period. Aerogel is those chemicals that are being manufactured by separating the liquid component by adopting the super drying method. Aerogel is available in both porous and solid-state. These aerogels can be called frozen smoke, solid air, blue smoke, solid cloud, and solid smoke. It has some of the popular properties like it is lightweight, has low conductivity power, performs well, some fire-resistant properties, thus helping in market growth and its development. These have been used in various sectors of oil and gas units, transportation, construction, and performance coating sectors. Lack of awareness among the customers has decreased the adoption rate of aerogel in comparison to other insulating materials during the market forecast period. Owing to the lowering of thermal conductivity and less thickness these materials can help in saving a large amount of energy which has been used for both heating and cooling purposes.
Aerogel Core Ltd, a spin-out business from the University of Bath, plans to produce next-generation materials for the aerospace and automotive industries by 2023. A team of engineers from the University of Bath has founded Aerogel Core Ltd, which specialises in ultra-light 'aerogels' that can be used as soundproofing and heat-shielding materials in the aerospace and automotive industries. Innovate UK has supported the team's spin-out firm to commercialise its revolutionary and ecologically friendly aerogels, which are synthetic, porous materials made by replacing the liquid component typically present in gels with gas.
In 2023, Cabot Corporation launched their new ENTERA™ aerogel particle range. ENTERA aerogel particles are a thermal insulation additive that enables the creation of ultra-thin thermal barriers for electric vehicle (EV) lithium-ion batteries. Cabot's portfolio includes three ENTERA aerogel materials, which formulators can combine into a variety of thermal barrier forms such as blankets, pads, sheets, films, foams, and coatings.
The Global Aerogel Market Share by Application 
The Aerogel Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major share of the market due to the growing consumption of insulation materials in oil & gas, construction, transportation, and others. The increasing demand for aerogel in oil and gas pipelines and its lower installation costs and improved compression resistance has propelled the region to witness a higher growth over the assessment period. Countries such as the U.S., Canada, and Mexico are the major players in this market.
The Asia Pacific region is growing significantly in the market due to increasing research & development activities of Aerogel product in the leading companies. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of insulation materials in aerospace, marine, defense, electrical & electronics has propelled countries such as China, Japan, and India to achieve a stunning growth in the market as they provide excellent flexibility, stability and low maintenance to the product.
The European market has also observed a remarkable growth due to the implementation of new rules and regulations proposed by the government to follow lower dense materials than steel in pipe line constructions. The market has been driven by the application of this rule in oil & gas, construction, and steel segments. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in countries such as the U.K, Italy, Germany, and France during the forecast period.
The Latin American region is estimated to witness a moderate growth in the market due to high cost of production and lack of technological standardization in the region. Moreover, the Middle East & Africa is anticipated to witness a significant growth in the market due to growing demand for superior insulation materials in downstream industries.
The Global Aerogel Market is segmented into the type, form, processing, and application. On the basis of the type, the market is segregated into silica, polymer, and carbon segments. The market by form is sub-divided into blanket, panel, particle, and monolith segments. The market by the processing is classified as virgin, composites, and additives segments. The market by application is bifurcated into oil & gas, construction, transportation, performance coating, and others.
Key Players:
Some of the prominent players operating in the Global Aerogel Market are BASF SE (Germany), Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.) and Svenska Aerogel AB (Sweden) among others.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Recent Development
Intended Audience
| Attribute/Metric | Details |
| Â Â Market Size | Â Â 2030: USD 7.5 billion |
|   CAGR |   2022–2030: 17% CAGR |
| Â Â Base Year | Â Â 2021 |
| Â Â Forecast Period | Â Â 2022 to 2030 |
| Â Â Historical Data | Â Â 2019 & 2020 |
| Â Â Forecast Units | Â Â Value (USD Million) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â By Type, Form, Processing, Application and Region |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â Â BASF SE (Germany), Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co., Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.) and Svenska Aerogel AB (Sweden) among others. |
| Â Â Key Market Opportunities | Â Â Their lightweight nature, low conductivity, superior performance, and fire-resistant properties |
| Â Â Key Market Drivers | Â Â Its optimized performance, and ease of application are set to drive the market growth over the assessment period |
Aerogel Market Highlights:
Frequently Asked Questions (FAQ) :
The growing demand from the oil and gas industry is likely to be the major driver for the global aerogel market over the forecast period. Construction, marine, and aerospace industries are also likely to be important to the market over the forecast period.
Virgin aerogel is the leading segment by processing, due to its widespread use in oil and gas, petrochemical, and other sectors.
The oil and gas sector holds a dominant 34% share in the global aerogels market, followed by the construction and transportation industries.
North America is the leading regional market for aerogels due to the growing consumption of aerogels in the oil and gas sector in the region.
Leading players in the aerogel market include BASF, Aspen Aerogels Inc., Cabot Corporation, Active Aerogels, Aerogel Technologies LLC, Enersens SAS, JIOS Aerogel Limited, and Svenska Aerogel AB.
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Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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