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    Aerogel Market

    ID: MRFR/CnM/3716-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    Aerogel Market Research Repot By Application (Thermal Insulation, Oil and Gas, Construction, Aerospace, Consumer Goods), By Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, Metal Oxide Aerogel), By End-use Industry (Building and Construction, Transport, Energy, Electronics, Healthcare), By Form (Blanket, Rigid, Granular, Powder), and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)-Forecast to 2035

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    Aerogel Market Research Report- Forecast to 2035 Infographic
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    Aerogel Market Summary

    As per Market Research Future Analysis, the Global Aerogel Market is experiencing significant growth, driven by increasing demand for lightweight and high-performance materials across various industries. The market was valued at 1.9 USD Billion in 2023 and is projected to reach 8.5 USD Billion by 2035, with a CAGR of 13.32% from 2025 to 2035. Key applications include thermal insulation, oil and gas, construction, and aerospace, highlighting the versatility of aerogels in enhancing energy efficiency and performance.

    Key Market Trends & Highlights

    The aerogel market is witnessing transformative trends fueled by technological advancements and regulatory support.

    • Thermal insulation segment projected to grow from 0.9 USD Billion in 2024 to 3.6 USD Billion by 2035.
    • Oil and gas sector expected to increase from 0.5 USD Billion in 2024 to 2.0 USD Billion by 2035.
    • North America to dominate with a market value of 0.85 USD Billion in 2024, reaching 3.4 USD Billion by 2035.
    • Surge in environmental regulations driving demand for sustainable materials like aerogels.

    Market Size & Forecast

    2023 Market Size USD 1.9 Billion
    2024 Market Size USD 2.15 Billion
    2035 Market Size USD 8.5 Billion
    CAGR (2025-2035) 13.32%

    Major Players

    Key players include Mitsubishi Chemical Corporation, Huntsman Corporation, Gordon Glass Company, Dow Inc., SIKA AG, and Aspen Aerogels.

    Aerogel Market Trends

    Improvements in material science and growing environmental consciousness are driving a number of significant developments in the Aerogel Market. The increasing need for energy-efficient solutions across a range of industries, including aerospace and construction, is a major market driver.

    Aerogels are perfect for situations where energy saving is essential because of their remarkable insulating qualities. The need for high-performance and lightweight materials in these industries is driving the worldwide aerogel market's expansion.

    As companies search for cutting-edge materials that offer exceptional thermal insulation and are ecologically benign, opportunities exist. Manufacturers are investigating aerogel products that meet green building certifications as a result of the growing popularity of sustainable construction methods.

    This will increase the goods' attractiveness to environmentally concerned buyers. Furthermore, new aerogel variations that may serve a broader variety of applications, from oil and gas to automotive, are being introduced as a result of improvements in production methods and higher investments in research and development.

    Recent trends show that the electronics industry is moving toward using aerogels for thermal management in devices that need to be highly resistant to heat.

    Additionally, there is increased interest in aerogels as alternatives to traditional insulators as a result of the worldwide campaign to reduce emissions, which can help create a cleaner environment.  To achieve their sustainability objectives, nations all over the globe are investing in aerogel-based infrastructure, which is contributing to the Aerogel Market's overall growth trajectory.

    The global aerogel market is poised for substantial growth, driven by its unique properties and increasing applications across various industries, including aerospace, construction, and energy.

    U.S. Department of Energy

    Aerogel Market Drivers

    Market Growth Projections

    The Global Aerogel Market Industry is poised for substantial growth, with projections indicating a market value of 2.15 USD Billion in 2024 and an anticipated increase to 8.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 13.31% from 2025 to 2035, driven by various factors including technological advancements, regulatory changes, and expanding applications across multiple sectors. The increasing recognition of aerogels as a viable solution for energy efficiency and lightweight materials positions the industry favorably for future developments. Charts illustrating these projections highlight the dynamic nature of the aerogel market and its potential for sustained growth.

    Expanding Applications in Oil and Gas

    The Global Aerogel Market Industry is witnessing an expansion of applications in the oil and gas sector, particularly in insulation and spill remediation. Aerogels are utilized for thermal insulation in pipelines and equipment, enhancing energy efficiency and safety. Their lightweight and hydrophobic properties make them ideal for oil spill cleanup, where they can absorb significant amounts of oil while minimizing environmental impact. This versatility is likely to drive market growth as the oil and gas industry seeks innovative solutions to improve operational efficiency and environmental compliance. The increasing adoption of aerogels in this sector underscores their potential in addressing industry-specific challenges.

    Growing Energy Efficiency Regulations

    The Global Aerogel Market Industry is significantly influenced by the increasing emphasis on energy efficiency and sustainability. Governments worldwide are implementing stringent regulations aimed at reducing energy consumption in buildings and industrial processes. Aerogels, with their superior insulating properties, are being integrated into energy-efficient building designs and retrofitting projects. This trend not only helps in meeting regulatory requirements but also contributes to lower energy costs for consumers. As the market adapts to these regulations, it is anticipated to grow substantially, reaching an estimated 8.5 USD Billion by 2035, reflecting the critical role of aerogels in sustainable development.

    Rising Demand for Lightweight Materials

    The Global Aerogel Market Industry experiences a surge in demand for lightweight materials across various sectors, including aerospace, automotive, and construction. Aerogels, known for their low density and high thermal insulation properties, are increasingly favored for applications where weight reduction is critical. For instance, in aerospace, the use of aerogels can lead to significant fuel savings and enhanced performance. As the industry evolves, the market is projected to reach 2.15 USD Billion in 2024, indicating a robust growth trajectory driven by the need for innovative materials that meet stringent performance standards.

    Advancements in Manufacturing Technologies

    Technological advancements in the production of aerogels are propelling the Global Aerogel Market Industry forward. Innovations such as supercritical drying and improved synthesis methods have enhanced the quality and reduced the costs associated with aerogel production. These advancements enable manufacturers to produce aerogels at a larger scale, making them more accessible to various industries. As a result, the market is expected to witness a compound annual growth rate of 13.31% from 2025 to 2035. This growth is indicative of the increasing adoption of aerogels in diverse applications, further solidifying their position in the materials market.

    Emerging Markets and Investment Opportunities

    Emerging markets are becoming increasingly important for the Global Aerogel Market Industry, as countries in Asia-Pacific and Latin America invest in infrastructure and industrial development. These regions are recognizing the benefits of aerogels in enhancing energy efficiency and performance across various applications. As investments in renewable energy and sustainable construction grow, the demand for aerogels is expected to rise correspondingly. This trend presents lucrative opportunities for manufacturers and investors alike, as the market evolves to meet the needs of these developing economies. The potential for growth in these regions is substantial, indicating a promising future for the aerogel industry.

    Market Segment Insights

    Aerogel Market Segment Insights

    Aerogel Market Segment Insights

    Aerogel Market Application Insights

    Aerogel Market Application Insights

    The Aerogel Market expanded steadily, with revenues from various applications projected to reach new heights as industries recognize the unique advantages of aerogel materials. The application segment was primarily driven by the growing demand for innovative thermal insulation materials, which dominated this market with a valuation of 0.85 USD Billion in 2024, increasing to 3.5 USD Billion in 2035.

    The significance of thermal insulation cannot be overstated, as it is essential for enhancing energy efficiency in buildings, industrial processes, and various consumer products, thus contributing to meeting global sustainability targets.

    Additionally, the oil and gas sector was another critical application area for aerogel, valued at 0.55 USD Billion in 2024, and is forecasted to grow to 2.3 USD Billion by 2035. The rugged properties of aerogels made them ideal for insulation in the extreme conditions presented in oil and gas operations, ensuring safety and efficiency while minimizing energy losses.

    The construction sector, valued at 0.45 USD Billion in 2024, is also set to expand to 1.8 USD Billion by 2035, emphasizing the industry's shift towards more energy-efficient materials that can significantly lower operational costs and carbon footprints.

    Aerogel Market Type Insights

    Aerogel Market Type Insights

    The Aerogel Market is structured around various types, including Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Metal Oxide Aerogel, each playing a vital role in the industry's growth and applications.

    Silica Aerogel dominates the market due to its exceptional insulating properties and lightweight structure, making it suitable for applications in construction and aerospace. Polymer Aerogel is gaining traction because of its flexibility and ease of integration in various products, thus addressing the growing demand for lightweight and durable materials.

    Carbon Aerogel, known for its electrical conductivity, finds its niche in energy storage and sensor technologies, reflecting its significance in cutting-edge applications. Metal Oxide Aerogel offers unique properties that enhance catalysis and thermal insulation, serving specialized industrial needs.

    The Aerogel Market segmentation showcases the immense potential and demand across various sectors, driven by factors such as the need for energy-efficient materials and advancements in nanotechnology.

    Aerogel Market End-use Industry Insights

    Aerogel Market End-use Industry Insights

    The End-use Industry segment of the Aerogel Market plays a pivotal role in driving innovation across various sectors. This segment encompasses several critical areas, notably Building and Construction, Transport, Energy, Electronics, and Healthcare, each leveraging the unique properties of aerogels for enhanced performance.

    The Building and Construction industry benefits from aerogels' superior insulation capabilities, leading to energy-efficient designs and improved sustainability. Meanwhile, in the Transport sector, aerogels are utilized to reduce vehicle weight, enhancing fuel efficiency.

    In Energy, their application in thermal insulation ensures higher efficiency of renewable energy systems. Electronics has seen advancements with aerogels being used in lightweight and flexible components, while Healthcare employs aerogels for innovative drug delivery systems and wound healing applications.

    This diverse range of applications highlights the importance of each area in driving demand and technological advancements within the Aerogel Market, as well as shaping future trends that focus on sustainability and efficiency, integral to growth and development in the global marketplace.

    Aerogel Market Form Insights

    Aerogel Market Form Insights

    The Aerogel Market revenue reflects a robust trend driven by its various forms including Blanket, Rigid, Granular, and Powder. Among these forms, Blanket aerogels are widely utilized for insulation purposes, capitalizing on their light weight and thermal resistance, making them significant in energy-saving applications.

    Rigid aerogels are prized for their structural integrity and are integral in enhancing the performance of high-temperature applications. Granular aerogels, known for their unique properties, contribute to specialized applications, while Powder forms facilitate easier handling and incorporation into various materials.

    Each form plays a critical role in fulfilling diverse industry needs, presenting opportunities for market growth as technologies evolve and demand for high-performance materials rises. The Aerogel Market statistics indicate that advancements in R&D will likely fuel the development of innovative solutions, overcoming challenges such as cost and scalability as the market matures.

    Get more detailed insights about Aerogel Market Research Report- Forecast to 2035

    Regional Insights

    The Aerogel Market experienced notable growth driven by increasing applications across various industries. Within the regional segmentation, North America held a majority share with a valuation of 0.9 USD Billion in 2024 and anticipated to grow to 3.6 USD Billion by 2035, owing to advancements in insulation and aerospace technologies.

    Europe followed closely, valued at 0.7 USD Billion in 2024 and projected to reach 2.8 USD Billion in 2035, fueled by robust Research and Development initiatives in the construction and automotive sectors. The South America region started at a value of 0.2 USD Billion in 2024, growing to 0.9 USD Billion by 2035, indicating emerging opportunities for aerogel applications in energy-efficient buildings.

    Asia Pacific was also a key player, beginning at 0.3 USD Billion in 2024 and climbing to 1.5 USD Billion in 2035, as increasing industrialization and infrastructure development drive market demand.

    Lastly, the Middle East and Africa, valued at 0.1 USD Billion in 2024 with future growth to 0.7 USD Billion by 2035, reflects a growing market primarily in construction and oil and gas industries, highlighting regional variances in aerogel market dynamics.

    Aerogel Market Regional Insights

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

    Key Players and Competitive Insights

    The Aerogel Market has seen significant growth and innovation, reflecting the increasing demand for advanced materials characterized by their unique properties such as low density, thermal resistance, and structural integrity.

    This market landscape is marked by intense competition, with numerous players actively engaging in research and development to enhance their product offerings and cater to various industry sectors including aerospace, automotive, construction, and oil and gas.

    The competitive dynamics in the market are driven not only by technological advancements but also by strategic collaborations, mergers and acquisitions, and geographic expansions that tap into emerging markets. As companies intensify their focus on sustainability and performance, the landscape is evolving rapidly, allowing for new entrants and established firms to challenge prevailing market leaders.

    Aerogel Technologies has positioned itself as a notable entity in the Aerogel Market, with a robust portfolio that focuses on high-performance aerogel products designed for diverse applications. The company leverages its expertise in material science to deliver innovative solutions that meet various industry needs, emphasizing the importance of energy efficiency and cost-effectiveness.

    Known for its strong research capabilities, Aerogel Technologies has cultivated strategic partnerships that enhance its market presence globally. The company's strengths lie in its commitment to product development, enabling it to stay ahead of competitors by producing aerogels that conform to stringent regulatory standards while also addressing the emerging demands for eco-friendly materials.

    This proactive approach positions Aerogel Technologies as a formidable player within the competitive landscape.

    Resilience Technologies is another influential competitor in the Aerogel Market, recognized for its cutting-edge solutions tailored for thermal insulation and energy efficiency applications. The company focuses on developing high-quality aerogel products that cater to various sectors, including aerospace, energy, and construction.

    Resilience Technologies benefits from a strong market presence, fueled by substantial investments in research and development that allow for continuous product innovation. Its strengths are reflected in its strong customer relationships and a commitment to sustainable practices, setting the stage for the company to expand its reach further.

    Additionally, Resilience Technologies has engaged in strategic mergers and acquisitions to bolster its capabilities and market share, enhancing its competitive edge.

    These initiatives enable the company to diversify its product offerings while reinforcing its position as a key player in the Aerogel Market, further solidifying its role as a leader in addressing the growing global needs for advanced material solutions.

    Key Companies in the Aerogel Market market include

    Industry Developments

    • Q2 2024: Aspen Aerogels Announces Opening of New Advanced Manufacturing Facility in Bulloch County, Georgia Aspen Aerogels opened a new state-of-the-art manufacturing facility in Georgia to expand production capacity for its aerogel-based thermal barrier products, supporting growth in the electric vehicle and energy infrastructure sectors.
    • Q2 2024: Cabot Corporation Appoints New Vice President of Aerogel Business Cabot Corporation announced the appointment of Dr. Lisa Chang as Vice President of its Aerogel business unit, aiming to accelerate innovation and market expansion in high-performance insulation materials.
    • Q3 2024: Svenska Aerogel Signs Strategic Partnership with Saint-Gobain for Aerogel Insulation Solutions Svenska Aerogel entered a strategic partnership with Saint-Gobain to co-develop and commercialize advanced aerogel insulation products for the European construction market.
    • Q2 2024: Aspen Aerogels Secures $100 Million in New Funding to Expand EV Battery Materials Production Aspen Aerogels raised $100 million in a new funding round to scale up production of its PyroThin thermal barrier products for electric vehicle battery safety applications.
    • Q1 2025: Aerogel Technologies Launches Ultra-Lightweight Aerogel Panel for Aerospace Applications Aerogel Technologies introduced a new ultra-lightweight aerogel panel designed for use in next-generation aerospace insulation, targeting commercial and defense aviation markets.
    • Q2 2025: Cabot Corporation Expands Aerogel Production Capacity at Frankfurt Facility Cabot Corporation completed an expansion of its Frankfurt, Germany facility, increasing aerogel production capacity to meet rising demand from the European construction and industrial sectors.
    • Q3 2024: Aspen Aerogels Wins Major Supply Contract with Leading European EV Manufacturer Aspen Aerogels secured a multi-year supply contract to provide thermal insulation materials for battery systems to a top European electric vehicle manufacturer.
    • Q1 2025: Svenska Aerogel Receives EU Regulatory Approval for Quartzene® in Building Applications Svenska Aerogel obtained EU regulatory approval for its Quartzene® aerogel product, enabling its use in energy-efficient building insulation across the European Union.
    • Q2 2024: Aspen Aerogels Appoints New Chief Technology Officer Aspen Aerogels named Dr. Michael Evans as Chief Technology Officer to lead R&D efforts in advanced aerogel materials for energy and mobility markets.
    • Q4 2024: Aerogel Technologies Raises $30 Million Series C to Accelerate Commercialization Aerogel Technologies completed a $30 million Series C funding round to expand manufacturing and accelerate commercialization of its next-generation aerogel products.
    • Q1 2025: Cabot Corporation Launches New Hydrophobic Aerogel for Oil & Gas Pipeline Insulation Cabot Corporation launched a new hydrophobic aerogel product designed to improve insulation and moisture resistance in oil and gas pipeline applications.
    • Q2 2025: Svenska Aerogel Opens New Pilot Plant for Sustainable Aerogel Production Svenska Aerogel inaugurated a new pilot plant focused on sustainable aerogel manufacturing, aiming to reduce environmental impact and support large-scale commercial deployment.

    Future Outlook

    Aerogel Market Future Outlook

    The Global Aerogel Market is projected to grow at a 13.31% CAGR from 2024 to 2035, driven by advancements in insulation technologies, increasing demand in aerospace, and environmental regulations.

    New opportunities lie in:

    • Develop innovative aerogel composites for lightweight automotive applications.
    • Expand production capabilities to meet rising demand in construction insulation.
    • Leverage aerogel's properties for energy-efficient electronics packaging solutions.

    By 2035, the Global Aerogel Market is expected to achieve substantial growth, establishing a strong competitive landscape.

    Market Segmentation

    Aerogel Market Form Outlook

    • Blanket
    • Rigid
    • Granular
    • Powder

    Aerogel Market Type Outlook

    • Silica Aerogel
    • Polymer Aerogel
    • Carbon Aerogel
    • Metal Oxide Aerogel

    Aerogel Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Aerogel Market Application Outlook

    • Thermal Insulation
    • Oil and Gas
    • Construction
    • Aerospace
    • Consumer Goods

    Aerogel Market End-use Industry Outlook

    • Building and Construction
    • Transport
    • Energy
    • Electronics
    • Healthcare

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 1.9(USD Billion)
    Market Size 2024 2.15(USD Billion)
    Market Size 2035 8.5(USD Billion)
    Compound Annual Growth Rate (CAGR) 13.31% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Aerogel Technologies, Resilience Technologies, BASF SE, Aeregel Corporation, Thermal Ceramics, Greenviroment, NanoHighTech, Active Aerogels, Dow Inc, Aspen Aerogels, Ecovative Design, Cabot Corporation, Armacell International, Johns Manville, SABIC
    Segments Covered Application, Type, End-use Industry, Form, Regional
    Key Market Opportunities Increasing demand in construction, Advancements in aerospace applications, Growth in electronics insulation, Rising energy efficiency regulations, Expansion in automotive lightweighting
    Key Market Dynamics increased demand for lightweight materials, expanding applications in insulation, growing aerospace sector adoption, advancements in production technologies, rising environmental sustainability awareness
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What was the market size of the Aerogel Market by 2024?

    The Aerogel Market was valued at 2.15 billion USD in 2024.

    What will be the projected market value of the Aerogel Market by 2035?

    By 2035, the Aerogel Market is projected to reach a value of 8.5 billion USD.

    What is the expected CAGR for the Aerogel Market from 2025 to 2035?

    The Aerogel Market is anticipated to grow at a CAGR of 13.31% from 2025 to 2035.

    Which region is expected to have the largest market share in the Aerogel Market by 2035?

    North America is expected to hold the largest market share, valued at 3.6 billion USD in 2035.

    What are the expected market values for various applications of aerogel by 2035?

    By 2035, Thermal Insulation is projected at 3.5 billion USD, Oil and Gas at 2.3 billion USD, Construction at 1.8 billion USD, Aerospace at 1.2 billion USD, and Consumer Goods at 0.7 billion USD.

    Who are the key players in the Aerogel Market?

    Major players in the Aerogel Market include Aerogel Technologies, BASF SE, Dow Inc, and Aspen Aerogels among others.

    What was the market size for the North American Aerogel Market in 2024?

    In 2024, the North American Aerogel Market was valued at 0.9 billion USD.

    What market size is projected for the European Aerogel Market by 2035?

    The European Aerogel Market is projected to reach 2.8 billion USD by 2035.

    How much is the Aerogel Market for Oil and Gas expected to grow by 2035?

    The Aerogel Market for Oil and Gas is expected to grow to 2.3 billion USD by 2035.

    What are the growth opportunities for the Aerogel Market in the coming years?

    Growth opportunities include expansion in thermal insulation applications and increasing demand in the oil and gas industry.

    Aerogel Market Research Report- Forecast to 2035 Infographic
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