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Silica Aerogel Market

ID: MRFR/CnM/0382-HCR
142 Pages
Anshula Mandaokar
October 2025

Silica Aerogel Market Global Research Report: By Form (Blanket, Panel, Monolith, Others), The Application (Oil & Gas, Building Insulation, Industrial Insulation, Aerospace & Defense, Automobile And Others) – Forecast Till 2035

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Silica Aerogel Market Summary

As per MRFR analysis, the Silica Aerogel Market Size was estimated at 1.01 USD Billion in 2024. The Silica Aerogel industry is projected to grow from 1.093 USD Billion in 2025 to 2.406 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.21 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Silica Aerogel Market is poised for substantial growth driven by sustainability and innovation.

  • North America remains the largest market for silica aerogel, driven by increasing demand for energy-efficient solutions.
  • Asia-Pacific is emerging as the fastest-growing region, fueled by rapid industrialization and urbanization.
  • The blanket segment holds the largest market share, while the monolith segment is witnessing the fastest growth due to diverse applications.
  • Key market drivers include rising demand for energy efficiency and advancements in manufacturing techniques, particularly in the oil and gas sector.

Market Size & Forecast

2024 Market Size 1.01 (USD Billion)
2035 Market Size 2.406 (USD Billion)
CAGR (2025 - 2035) 8.21%

Major Players

Aspen Aerogels (US), Cabot Corporation (US), BASF SE (DE), Dow Inc. (US), JIOS Aerogel (KR), Aerogel Technologies (US), Nano High-Tech (CN), Enersens (FR), SABIC (SA)

Silica Aerogel Market Trends

The Silica Aerogel Market is currently experiencing a notable transformation, driven by advancements in material science and increasing demand across various sectors. This lightweight and highly porous material is recognized for its exceptional thermal insulation properties, making it an attractive option for industries such as construction, aerospace, and automotive. As environmental concerns gain prominence, the market appears to be shifting towards sustainable production methods, which may enhance the appeal of silica aerogel as a green alternative to traditional insulation materials. Furthermore, ongoing research and development efforts are likely to expand the applications of silica aerogel, potentially leading to innovative uses in energy storage and filtration systems. In addition to the growing interest in sustainability, the Silica Aerogel Market is witnessing a surge in investments aimed at enhancing production capabilities. Companies are exploring novel manufacturing techniques to reduce costs and improve scalability. This trend suggests a competitive landscape where innovation plays a crucial role in market positioning. As the industry evolves, collaboration between research institutions and manufacturers could foster breakthroughs that further elevate the performance characteristics of silica aerogel. Overall, the market is poised for growth, with a focus on both technological advancements and environmental responsibility, indicating a promising future for this unique material.

Sustainable Production Practices

The Silica Aerogel Market is increasingly leaning towards sustainable production methods. Manufacturers are exploring eco-friendly processes that minimize environmental impact, aligning with global sustainability goals. This trend not only enhances the market's appeal but also attracts environmentally conscious consumers.

Expansion of Applications

There is a growing trend towards the diversification of silica aerogel applications. Beyond traditional uses in insulation, industries are investigating its potential in energy storage, filtration, and even in the medical field. This expansion could significantly broaden the market's reach.

Technological Innovations

Technological advancements are playing a pivotal role in the Silica Aerogel Market. Companies are investing in research to develop new manufacturing techniques that improve efficiency and reduce costs. Such innovations may lead to enhanced product performance and increased market competitiveness.

Silica Aerogel Market Drivers

Growth in Oil and Gas Sector

The oil and gas industry is experiencing a resurgence, which significantly influences the Silica Aerogel Market. Silica aerogel's unique properties, such as its thermal insulation capabilities, are increasingly utilized in upstream and downstream applications. In 2025, the market for silica aerogel in the oil and gas sector is expected to expand, driven by the need for efficient thermal management in pipelines and storage facilities. The material's ability to withstand extreme temperatures and pressures makes it a preferred choice for enhancing operational efficiency. As exploration and production activities ramp up, the demand for advanced materials like silica aerogel is likely to increase, thereby bolstering the overall market.

Rising Demand for Energy Efficiency

The increasing emphasis on energy efficiency across various sectors appears to be a primary driver for the Silica Aerogel Market. As industries strive to reduce energy consumption and carbon footprints, the lightweight and insulating properties of silica aerogel make it an attractive option. In 2025, the demand for energy-efficient materials is projected to grow, with the silica aerogel market potentially reaching a valuation of over 1 billion USD. This trend is particularly evident in the construction and automotive sectors, where insulation materials are critical for enhancing energy performance. The shift towards sustainable building practices further propels the adoption of silica aerogel, as it aligns with regulatory frameworks aimed at reducing energy use.

Advancements in Manufacturing Techniques

Innovations in manufacturing processes are poised to transform the Silica Aerogel Market. Recent advancements, such as improved sol-gel methods and supercritical drying techniques, have enhanced the production efficiency and scalability of silica aerogels. These developments not only reduce production costs but also improve the material's performance characteristics. As of 2025, the market is witnessing a shift towards more sustainable and cost-effective production methods, which could potentially increase the availability of silica aerogel for various applications. This trend is likely to attract new players into the market, fostering competition and driving further innovation in product offerings.

Regulatory Support for Sustainable Materials

Regulatory frameworks promoting the use of sustainable materials are significantly influencing the Silica Aerogel Market. Governments worldwide are implementing policies aimed at reducing environmental impact, which encourages the adoption of eco-friendly materials like silica aerogel. In 2025, the market is likely to benefit from incentives and subsidies aimed at promoting energy-efficient building materials. This regulatory support is expected to drive demand across various sectors, including construction and automotive, where compliance with environmental standards is becoming increasingly stringent. As a result, silica aerogel is positioned to play a pivotal role in meeting these regulatory requirements, thereby enhancing its market presence.

Increasing Investment in Research and Development

Investment in research and development is a crucial driver for the Silica Aerogel Market. As industries recognize the potential of silica aerogel in various applications, funding for R&D initiatives is on the rise. In 2025, it is anticipated that companies will allocate more resources towards exploring new applications, such as in aerospace, electronics, and healthcare. This focus on innovation is expected to yield novel products and solutions that leverage the unique properties of silica aerogel. The influx of investment not only enhances product development but also encourages collaboration between academia and industry, fostering a robust ecosystem for growth.

Market Segment Insights

Silica Aerogel Market Form Insights

The  Silica Aerogel Market segmentation, based on form, includes Blanket, Panel, Monolith, and Others. The blanket segment dominated the market, accounting for 38% of market revenue (USD 0.3 Billion) in 2022. Because of its insulating features, such as repellent to water, excellent ventilation, low dust & heat dispersion, and low powdering, aerogel blankets have a wide range of uses in buildings and garments.

Figure 1: Silica Aerogel Market, by Form, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Silica Aerogel Market Application Insights

The  Silica Aerogel Market segmentation, based on applications, includes Oil & Gas, Building Insulation, Industrial Insulation, Aerospace & Defense, Automobile, And Others. The oil & gas category generated the highest market revenue of about 30% (USD 0.3 billion) in 2022. Aerogel blankets are primarily used to enhance the insulation of underwater pipes and oil & gas pipelines to minimize production costs, improve pipeline pressure obstruction, and decrease the quantity of steel needed in construction.

Get more detailed insights about Silica Aerogel Market

Regional Insights

North America : Innovation and Demand Surge

North America is the largest market for silica aerogel, holding approximately 45% of the global share. The region's growth is driven by increasing demand in the oil and gas sector, stringent energy efficiency regulations, and advancements in nanotechnology. The U.S. government has been actively promoting the use of advanced materials, which further fuels market expansion. The competitive landscape is dominated by key players such as Aspen Aerogels, Cabot Corporation, and Dow Inc. The U.S. leads in innovation and production capabilities, while Canada is emerging as a significant player due to its resource-rich environment. The presence of established companies and ongoing research initiatives contribute to a robust market environment.

Europe : Sustainability and Innovation Focus

Europe is the second-largest market for silica aerogel, accounting for around 30% of the global market share. The region's growth is propelled by stringent environmental regulations and a strong focus on sustainability. Countries like Germany and France are leading the charge, with government initiatives promoting the use of eco-friendly materials in construction and insulation. The competitive landscape features major players such as BASF SE and Enersens, which are investing heavily in R&D to enhance product performance. The European market is characterized by a collaborative approach, with partnerships between academia and industry driving innovation. This synergy is crucial for meeting the increasing demand for high-performance materials in various applications.

Asia-Pacific : Rapid Growth and Adoption

Asia-Pacific is witnessing rapid growth in the silica aerogel market, holding approximately 20% of the global share. The region's expansion is driven by increasing industrialization, urbanization, and a growing focus on energy efficiency. Countries like China and South Korea are at the forefront, with government policies supporting the adoption of advanced materials in various sectors. The competitive landscape is evolving, with local players like Nano High-Tech gaining traction alongside established companies. The presence of a robust manufacturing base and increasing investments in R&D are key factors contributing to market growth. As demand for high-performance insulation materials rises, Asia-Pacific is poised to become a significant player in The Silica Aerogel Market.

Middle East and Africa : Resource-Rich and Emerging Market

The Middle East and Africa region is gradually emerging in the silica aerogel market, currently holding about 5% of the global share. The growth is primarily driven by increasing investments in infrastructure and energy sectors, particularly in countries like Saudi Arabia and the UAE. Government initiatives aimed at diversifying economies and enhancing energy efficiency are acting as catalysts for market development. The competitive landscape is still developing, with a few key players like SABIC leading the charge. The region's rich natural resources and strategic investments in technology are expected to foster growth. As awareness of silica aerogel's benefits increases, the market is likely to expand significantly in the coming years.

Silica Aerogel Market Regional Image

Key Players and Competitive Insights

Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Silica Aerogel Market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their  footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The Silica Aerogel industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the  Silica Aerogel industry to benefit customers and capture untapped market share and revenue. The Silica Aerogel industry has recently offered significant advantages to the End-user industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Silica Aerogel Market, including BASF SE (Germany), The Dow Chemical Company (U.S.), Cabot Corporation (U.S.), Aspen Aerogels Inc. (U.S.), Aerogel Technologies (U.S.), JIOS Aerogel Corporation (Korea), Svenska Aerogel Holding AB (Sweden), C.F.

Technologies (U.S.), and Ocellus Inc (U.S.) are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.

Svenska Aerogel is a Swedish firm that creates aerogel materials. Quartzite is a nano-porous amorphous silica-based material with many uses, including insulation, filtering, paints, and varnishes. The substance is available in small particles, granulates, pellets, and paste forms. It is incorporated with various colors and varnishes. It can be utilized as an Acoustic and thermal insulation component in industrial, building, and coating goods. The technology developed by the company may be used for molecule filtering, fluid filtering, water or beverage filtering, and other applications. The company also provides customized solutions.

Svenska Aerogel reported in May 2020 that it had received an additional order for Quartzene from Novcoat. The purchase will be used to create an energy-efficient thermal insulating covering.

Armacell provides its clients with creative and safe heat, acoustic, and mechanical options, resulting in long-term value. It concentrates on specialized insulating materials, unique performance foams for technologically advanced ultralight programs, and future aerogel blanket technologies. Armacell reported the release of the ArmaGel HTL aerogel insulating blanket in September 2022. The non-combust aerogel blanket is especially intended for industrial applications that require thermal efficiency, non-combustibility, and preventing corrosion beneath the insulation.

Key Companies in the Silica Aerogel Market market include

Industry Developments

September 2022: Armacell reported the release of the ArmaGel HTL aerogel insulating blanket in September 2022. The non-combust aerogel blanket is especially intended for industrial applications that require thermal efficiency, non-combustibility, and preventing corrosion beneath the insulation.

May 2020: Svenska Aerogel reported in May 2020 that it had received an additional order for Quartzene from Novcoat. The purchase will be used to create an energy-efficient thermal insulating covering.

March 2019: Aspen Aerogels stated in March 2019 that it was renewing the strategic partnership by signing an extension for a confidential supply arrangement.

Future Outlook

Silica Aerogel Market Future Outlook

The Silica Aerogel Market is projected to grow at an 8.21% CAGR from 2024 to 2035, driven by advancements in insulation technology, demand for lightweight materials, and environmental regulations.

New opportunities lie in:

  • Development of high-performance aerogel composites for automotive applications.
  • Expansion into emerging markets with tailored product offerings.
  • Investment in R&D for sustainable production methods to reduce costs.

By 2035, the Silica Aerogel Market is poised for robust growth, reflecting its increasing industrial relevance.

Market Segmentation

Silica Aerogel Market Form Outlook

  • Blanket
  • Panel
  • Monolith
  • Others

Silica Aerogel Market Application Outlook

  • Oil & Gas
  • Building Insulation
  • Industrial Insulation
  • Aerospace & Defense
  • Automobile
  • Others

Report Scope

MARKET SIZE 20241.01(USD Billion)
MARKET SIZE 20251.093(USD Billion)
MARKET SIZE 20352.406(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.21% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesGrowing demand for energy-efficient insulation solutions drives innovation in the Silica Aerogel Market.
Key Market DynamicsRising demand for energy-efficient materials drives innovation and competition in the silica aerogel market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Anshula Mandaokar
Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

What is the projected market valuation of the Silica Aerogel Market by 2035?

The Silica Aerogel Market is projected to reach a valuation of 2.406 USD Billion by 2035.

What was the market valuation of the Silica Aerogel Market in 2024?

In 2024, the Silica Aerogel Market was valued at 1.01 USD Billion.

What is the expected CAGR for the Silica Aerogel Market during the forecast period 2025 - 2035?

The expected CAGR for the Silica Aerogel Market during the forecast period 2025 - 2035 is 8.21%.

Which companies are considered key players in the Silica Aerogel Market?

Key players in the Silica Aerogel Market include Aspen Aerogels, Cabot Corporation, BASF SE, Dow Inc., and JIOS Aerogel.

What are the main application segments for Silica Aerogel?

Main application segments for Silica Aerogel include Oil & Gas, Building Insulation, Industrial Insulation, Aerospace & Defense, and Automobile.

What was the market value for the Building Insulation segment in 2024?

The market value for the Building Insulation segment in 2024 was 0.3 USD Billion.

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