Organic Aerogel Market Analysis

Global Organic Aerogel Market Overview

Organic Aerogel Market Size was valued at USD 0.47 Billion in 2023. The Organic Aerogel industry is projected to grow from USD 0.54 Billion in 2024 to USD 1.67 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.20% during the forecast period (2024 - 2032).The growing adoption of electronics and the increasing need for thermal insulation are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Organic Aerogel Market Trends

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  Increasing focus on sustainable materials is driving market growth

  
  

Organic aerogels are inherently more sustainable than conventional materials because they are frequently sourced from renewable and biodegradable resources. Organic aerogels are a preferred option because of their eco-friendliness, which is gaining traction among consumers and companies alike. When it comes to the production process, using organic aerogels—especially those made from natural and organic compounds- can reduce carbon emissions compared to some synthetic materials. This is consistent with worldwide initiatives to mitigate greenhouse gas emissions and address climate change. The lightweight nature of organic aerogels makes them an excellent choice for energy-efficient applications, especially in transportation and construction. Energy conservation objectives can be met using lightweight materials, increasing vehicle fuel economy, and lowering handling and transit energy requirements.

Biocompatible qualities can be designed into organic aerogels, making them appropriate for various biomedical applications. Their compatibility with biological systems makes them more useful for tissue engineering, medication delivery, and other medicinal applications. Drug delivery and carriage can be effectively achieved using organic aerogels. The regulated medication release made possible by their porous structure enhances the efficacy of medicinal treatments. With targeted medication delivery systems, this capacity is very helpful for reducing adverse effects and improving therapeutic results.

Organic aerogels are renowned for being incredibly light and having a low density. Weight reduction is essential for improving fuel efficiency in the automobile and aerospace industries. Incorporating organic aerogels into structural and insulating components can help cars and airplanes fly lighter overall. Organic aerogels have outstanding qualities for heat insulation. Using organic aerogels as thermal insulators in components like spacecraft and aircraft insulation can assist in stabilizing internal temperatures and protect sensitive electronics in the aerospace industry, where significant temperature swings are prevalent. Furthermore, the United States' crude oil production, which accounts for 17% of the world's output, rose by 1.3% in 2021, according to Enerdata. Furthermore, Russia surpassed Saudi Arabia's crude oil output by around 1.5% to become the second-largest producer of crude oil globally.

The Ministry of Economy, Trade, and Industry (Meti) of Japan projects that LPG use would reach 13.1 million tons in 2026–2027, up 4.3 percent from the demand estimate of 12.6 million tons in 2021–2022. Thus driving the Organic Aerogel market revenue.

Organic Aerogel Market Segment Insights

Organic Aerogel Type Insights

Based on type, the Organic Aerogel Market segmentation includes carbon aerogel, polymer aerogel, and others. The carbon aerogel segment dominated the market. Carbon aerogels' large surface area, porosity, and electrical conductivity are well-known. These characteristics make them ideal materials for batteries and supercapacitors, two types of energy storage devices, because carbon aerogels have a huge surface area for charge storage and quick electron transport, so they can improve these devices' functionality.

The polymer aerogel segment is expected to be the fastest-growing segment of the organic aerogel market during the forecast period. Polymer aerogels are extremely effective thermal insulation materials in architecture and construction applications because of their low thermal conductivity. They can save heating and cooling expenses and improve energy efficiency by acting as insulation in windows, roofs, and walls.

Figure 1: Organic Aerogel Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Organic Aerogel Application Insights

Based on application, the Organic Aerogel Market segmentation includes oil and gas, building insulation, transportation, aerospace and defense materials, and others. The oil and gas category has the largest market share. Thermally sensitive equipment in oil and gas operations is protected from heat using organic aerogels. Components such as control systems, valves, and other parts that might be subjected to high temperatures should be insulated during production, refining, or processing.

Throughout the forecast period, the organic aerogel market’s building insulation segment is anticipated to grow at the quickest rate. Polymer aerogels can be used in roofing systems as insulation. Their outstanding thermal insulating qualities and lightweight design help to keep a building's temperature steady. Using organic aerogels as roof insulation helps lower the energy used for heating and cooling.

Organic Aerogel Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American organic aerogel market area will dominate this market, owing to organic aerogels and the aerospace and defense sectors in North America's wide use of other innovative materials. Due to their lightweight and insulating qualities, organic aerogels are appealing for usage in aerospace applications, from spaceship insulation to military aircraft components.

Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: ORGANIC AEROGEL MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Organic Aerogel market accounts for the second-largest market share due to the environmental impact of items gaining greater awareness among European consumers. Growth in the market might be driven by customer preferences for creative and environmentally friendly solutions as knowledge of sustainable materials like organic aerogels rises. Further, the Germany Organic Aerogel market held the largest market share, and the UK Organic Aerogel market was the fastest-growing market in the European region.

The Asia-Pacific Organic Aerogel Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to Asia Pacific's rapid industrialization and economic growth, which is driving demand for sophisticated materials in several industries. Manufacturing, construction, and the automobile industries are among the industries driving the need for lightweight, high-performance materials like organic aerogels. Moreover, China’s Organic Aerogel market held the largest market share, and the Indian Organic Aerogel market was the fastest-growing market in the Asia-Pacific region.

Organic Aerogel Key Market Players & Competitive Insights

Major players are investing significantly in R&D to broaden their product offerings, contributing to the Organic Aerogel market's continued expansion. Market players are also engaging in various strategic initiatives to increase their worldwide presence. Significant developments in the industry include introducing new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. The Organic Aerogel sector must provide affordable products to grow and thrive in an increasingly competitive and developing market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers use in the global Organic Aerogel industry to assist customers and expand the market sector. The Organic Aerogel sector has provided some of the biggest medical benefits recently. Major players in the Organic Aerogel market, including Aspen Aerogels (US), Cabot Corporation (US), Aerogel Technologies (US), Nanotech Co. Ltd. (China), Armacell (Germany), Guangdong Alison Hi-Tech (China), Active Aerogels (Portugal), Enersens (France), JIOS Aerogel (South Korea), and BASF (Germany), and others, are attempting to increase market demand by investing in research and development operations.

Performance materials and specialty chemicals are supplied by Cabot Corp. (Cabot). Inkjet colorants, aerogel, specialty compounds, fumed metal oxides, cesium formate drilling fluids, fine cesium chemicals, rubber, and specialty grade carbon blacks, and activated carbon are among its offerings. The business sells its products to many clients, such as tire manufacturers, water treatment facilities, food and beverage processors, coal-fired utilities, pharmaceutical firms, and catalyst manufacturers. In January 2022, the highly insulating silica aerogel manufactured by Cabot Corporation was used to repair Darmstadt, Germany's Mathildenhöhe, an artists' colony newly inducted onto the UNESCO World Heritage list.

Svenska Aerogel Holding AB is a holding corporation. The company develops, produces, and distributes recyclable aerogel-based materials with unique designs for industrial uses through its subsidiaries. Aerogel-based products from Svenska Aerogel Holding are used in plaster, paint and ink, insulation, and concrete, among other applications. Svenska Aerogel and a top global company in the process industry inked a collaboration agreement in February 2023 to maximize the usage of quartzite in the client's product. Throughout the trial stage, Svenska Aerogel promised to provide 30 tonnes of quartzene annually.

Key Companies in the Organic Aerogel market include

• Aspen Aerogels (US)


• Cabot Corporation (US)


• Aerogel Technologies (US)


• Nanotech Co. Ltd. (China)


• Armacell (Germany)


• Guangdong Alison Hi-Tech (China)


• Active Aerogels (Portugal)


• Enersens (France)


• JIOS Aerogel (South Korea)


• BASF (Germany)

Organic Aerogel Industry Developments

February 2022: Bulloch County's Southern Gateway Commerce Park will house a state-of-the-art manufacturing facility for Aspen Aerogels, Inc., a pioneer in aerogel-based sustainability and electrification solutions. Production at Aspen's new site in Statesboro is expected to start in late 2023, and the company intends to invest at least $325 million there.

September 2022: The Battery Show featured the latest innovations from JIOS Aerogel, a leader in developing vital parts for Lithium-ion battery systems. The biggest show for North America's advanced battery manufacturing industry is The Battery Show, which takes place in Michigan, USA.

Organic Aerogel Market Segmentation

Organic Aerogel Type Outlook

• Carbon Aerogel


• Polymer Aerogel


• Others

Organic Aerogel Application Outlook

• Oil and Gas


• Building Insulation


• Transportation


• Aerospace and Defense Materials


• Others

Organic Aerogel Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America