Aerogel Market Size (2023 – 2030)

The Global Aerogel Market was valued at USD 1.55 billion and is projected to reach a market size of USD 5.36 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 19.4%. 

An extremely porous, low-density substance with several uses in many sectors is aerogel. It is solid with a gel-like structure that was created by supercritical drying, a procedure that removes the liquid from a gel. Due to its transparent appearance and relatively low density, aerogel is sometimes referred to as "frozen smoke" or "solid air". Aerogel is a highly sought-after material for a variety of applications due to its distinctive qualities, which include excellent thermal insulation, sound absorption, and low dielectric constant. Thermal insulation, acoustic insulation, aerospace and military, oil and gas, automotive, and construction are a few of the major uses for aerogel. The demand for energy-efficient materials and the growing demand for environmentally friendly and sustainable solutions across various sectors are likely to drive considerable growth in the worldwide aerogel market. The growth of the oil and gas and construction sectors, particularly in developing nations, is also anticipated to increase demand for aerogel. Contrarily, with material developments, aerogel use is predicted to rise significantly in applications including clothing, agriculture, and power generation, supporting the market's expansion. The discipline of aeronautical engineering is one of the aerogel's most important uses. It is the ideal material for use in spaceship insulation due to its low density and good insulating qualities. It can aid in reducing heat loss, stopping fuel lines from freezing, and shielding electronics from extremely cold temperatures. To gather samples from a comet's coma, aerogel was utilized in the Mars Exploration Rover mission and the Stardust mission.

Global Aerogel Market Drivers:

Focus on Energy Efficiency and Sustainability, Stringent Regulations and Building Codes, and the Need for Lightweight Materials:

The need for aerogel is being driven by the increasing emphasis on energy efficiency and sustainability across several industries, including construction, automotive, and aerospace. Because of its remarkable thermal insulation capabilities, aerogel may help industrial processes, vehicles, and buildings use less energy and operate more efficiently. To encourage the use of energy-efficient construction techniques, governments, and regulatory agencies from all over the world are enforcing strict laws and building requirements. Due to its superior thermal insulation capabilities, aerogel is becoming more and more popular in the building sector by assisting architects and builders in meeting these standards. Because of its small weight and low density, aerogel appeals to businesses looking for lightweight solutions. Aerogel is widely used in industries including aerospace, automotive, and transportation where weight reduction is essential for enhanced performance and fuel economy.

Focus on Energy Efficiency and Sustainability, Stringent Regulations and Building Codes, and the Need for Lightweight Materials:

Growing Interest in Sustainable Solutions: There is a rising demand for eco-friendly and recyclable materials as sustainability is taken more seriously by consumers and enterprises. Silica or other natural elements are used to make aerogel, which is regarded as being ecologically beneficial and in line with sustainability objectives. Improvements in aerogel manufacturing methods have resulted in better characteristics and cheaper production costs as a consequence of ongoing research and development activities. The prospective uses and market demand for aerogels have increased as a result of these developments, which include the creation of flexible aerogels and simpler manufacturing methods. The need for energy-efficient materials like aerogel is being driven by rapid urbanization and infrastructure expansion in emerging nations. The need for sustainable solutions and the development of green buildings in these areas are driving the growth of the aerogel market.

Global Aerogel Market Challenges:

Aerogel is a sensitive substance that is readily harmed during handling, installation, and shipping. Its application might become more complicated and expensive as a result of the extra attention and measures needed to preserve its integrity, especially in large-scale projects. Although aerogel has excellent thermal insulation qualities, there are cheaper alternatives on the market that function just as well. The widespread use of aerogel may be hampered by competition from these alternatives. Aerogel integration into current systems or production techniques may call for alterations and adaptations. Industries wanting to use aerogel as an insulating solution may find it difficult to implement due to the difficulty of integration, particularly in retrofit applications.

Global Aerogel Market Opportunities:

With higher wind speeds and fewer land-based restrictions than onshore wind, offshore wind energy has enormous growth potential. Additionally, offshore wind projects are becoming more affordable, opening up prospects for financiers and developers. The effectiveness and performance of wind turbines may be enhanced by digitalization and automation technologies like artificial intelligence, data analytics, and the Internet of Things (IoT). These innovations can also improve security, save maintenance expenses, and maximize energy output. Batteries and pumped hydro are two examples of energy storage technologies that can assist reduce the intermittent nature of wind energy and enhance grid integration. Opportunities for manufacturers and developers of wind power are presented by the rising need for energy storage.

COVID-19 Impact on Global Aerogel Market:

Significant prospects for aerogel are presented by the need to minimize greenhouse gas emissions and the increasing emphasis on energy efficiency across sectors. Aerogel's exceptional thermal insulation capabilities may be used to improve energy efficiency in buildings, industrial processes, and transportation as governments and businesses promote energy-efficient solutions. Significant potential for aerogel is provided by the continual expansion of infrastructure in emerging economies and the construction of green structures. An advantageous market for aerogel insulation solutions is produced by the need for environmentally friendly and energy-efficient materials in infrastructure projects. Lightweight materials are being adopted by the car industry more often to increase fuel economy and lower pollutants. Aerogel is a potential material for vehicle insulation applications due to its lightweight nature and superior thermal insulation capabilities. Vehicle energy consumption may be decreased with the use of aerogel, which can also improve passenger comfort. High thermal insulation, fire resistance, and acoustic qualities are essential for the aerospace and military sectors. Due to its special combination of qualities, aerogel may be used for a variety of applications, including soundproofing, cryogenic insulation, and thermal protection systems. This presents the potential for aerogel providers in various industries.

Global Aerogel Market Recent Developments:

In March 2022, to create a cutting-edge air filtration system, Aerogel Technologies, and Aeris Technologies have formed cooperation. The system provides an affordable option for controlling indoor air quality by fusing aerogel-based materials from Aerogel Technologies with air purification technology from Aeris Technologies.

• In July 2022, NanoTech Aerogel Insulation Coating, a new product, was introduced, according to Nano Tech Coatings GmbH. The item is a thermal insulation layer that uses aerogel particles for better insulation and energy efficiency.
• In October 2021, with the introduction of its Lumira® aerogel for architectural daylighting systems, Cabot Corporation announced the extension of its aerogel product range. The device is intended to increase interior comfort and energy efficiency in commercial and industrial buildings.

AEROGEL MARKET REPORT COVERAGE:

Global Aerogel Market Segmentation: By Type

• Silica Aerogel

• Carbon Aerogel

• Polymer Aerogel

The most popular kind of aerogel is silica aerogel. It has high thermal insulation qualities and is made from silica-based components. Numerous sectors, including construction, oil & gas, automotive, and aerospace, use silica aerogel. A very porous, lightweight material with remarkable mechanical and electrical qualities is carbon aerogel. As a result of its large surface area and conductivity, it is frequently utilized in energy storage systems like supercapacitors and batteries. Organic polymers are the source of polymer aerogels, which combine flexibility, toughness, and insulating qualities. They are used in fields including environmental restoration, acoustic insulation, and thermal insulation.

Global Aerogel Market Segmentation: By Application

• Building Insulation

• Oil and Gas

• Automotive

• Aerospace and Defense

• Electronics and Semiconductor

• Healthcare

• Performance Coatings

• Others

To increase energy efficiency, aerogel is frequently utilized as thermal insulation in buildings. To lessen heat transmission and enhance insulation efficacy, it is applied in a variety of ways, including blankets, panels, and coatings. In the oil and gas sector, aerogel is widely used as insulation in pipelines, refineries, tanks, and cryogenic equipment. It aids in lowering heat loss, enhancing security, and boosting operational effectiveness. The automobile sector uses aerogel for thermal and acoustic insulation. It is used in exhaust systems, engine compartments, and car interiors to improve thermal management and minimize noise and vibration. In the fields of aerospace and military, aerogel has several uses. It serves as insulation for the framework of airplanes, as well as for satellites, spacecraft, and military hardware. Aerogel is suited for crucial applications because of its low weight and outstanding thermal characteristics. For heat management and insulation purposes, aerogel is used in the semiconductor and electronics industries. It enhances thermal conductivity and prevents overheating in electrical devices, LED lights, batteries, and other components. In the healthcare sector, aerogel is used for medical implants, tissue engineering scaffolds, and medication delivery systems. Due to its high porosity and biocompatibility, it is appropriate for use in a variety of medical applications. To offer thermal insulation and corrosion protection, aerogel is included in varnishes and paints. It is utilized in high-temperature, marine, and industrial coating applications.

Global Aerogel Market Segmentation: By Form

• Blanket

• Particle

• Panel

• Monolith

Aerogel blankets are thin, pliable sheets of material made of aerogel. They are often employed in a variety of applications, such as construction, pipelines, and industrial machinery, for thermal insulation. Aerogel blankets are simple to apply and have high thermal insulation capabilities. Small aerogel fragments or granules make up aerogel particles or powders. To improve their thermal insulation or other qualities, they are frequently employed as additives or fillers in a variety of materials, including coatings, composites, and foams. Aerogel particles can enhance a material's performance without considerably adding to its weight. Panels or boards composed of aerogel material that is solid and stiff are known as aerogel panels. In industrial, transportation, and construction settings, they are frequently utilized as insulation. Aerogel panels offer efficient fire protection, acoustic insulation, and thermal insulation. Aerogel monoliths are three-dimensional, solid, structures made of aerogel. They come in a variety of sizes and forms, including blocks, cylinders, and special shapes. Applications for aerogel monoliths include energy storage, sensors, acoustic insulation, and catalyst supports.

Global Aerogel Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East

• Latin America

Due to the demand for energy-efficient materials in the building industry, strict laws requiring energy conservation, and the expanding use of lightweight materials across a variety of industries, North America has a sizable presence in the aerogel market. The area places a strong emphasis on green building techniques and has strict rules about energy efficiency. Europe's rising environmental consciousness, the automobile industry, and the building industry all contribute to the need for aerogel. An increasing need for energy-efficient materials is being caused by the fast industrialization, urbanization, and infrastructural development occurring in Asia-Pacific. The demand for aerogel in this area is influenced by the building industry in emerging nations and rising vehicle manufacturing. Energy-efficient solutions and sustainable infrastructure development are becoming increasingly important in the Middle East and Africa.

Global Aerogel Market Key Players:

1. Aspen Aerogels

2. Cabot Corporation

3. Aerogel Technologies

4. BASF SE

5. Svenska Aerogel AB

6. JIOS Aerogel

7. Guangdong Alison Hi-Tech Co., Ltd.

8. Active Aerogels

9. Nano Tech Coatings GmbH

10. Green Earth Aerogel Technologies