North America Blanket Aerogel Market Size (2023-2030)

North America Blanket Aerogel Market is estimated to be worth USD 0.49 Billion in 2022 and is projected to reach a value of USD 1.97 Billion by 2030, growing at a CAGR of 19% during the forecast period 2023-2030.

The market for blanket aerogel in North America has expanded significantly in recent years. Aerogels are extremely porous, lightweight materials with remarkable thermal insulation qualities, which make them perfect for a variety of uses. Particularly adaptable and simple to install, blanket aerogels provide exceptional thermal protection and energy efficiency. The growing emphasis on energy conservation and sustainable construction techniques is one of the main factors propelling the growth of the North American blanket aerogel market. The demand for high-performance insulation materials like aerogels has increased as governments and organizations work to cut down on energy use and greenhouse gas emissions. Aerogel blankets offer superior thermal insulation, allowing buildings to maintain constant temperatures while using fewer heating and cooling systems. In North America, the construction sector is a significant consumer of blanket aerogels. For insulation purposes, the material is widely employed in both residential and commercial construction. Aerogel blankets are particularly useful for retrofitting existing buildings since they are simple to apply to walls, roofs, and floors without requiring major alterations. Because of their flexibility and lightweight, they can be installed quickly and easily, saving money on labor and time.

Public awareness and education about the benefits of blanket aerogels are also crucial. Aerogel technology still needs to be better understood, even if some industries have witnessed an increase in acceptability. Knowledge transfer and future market expansion depend on cooperation between commercial stakeholders, governmental organizations, and academic institutions. In conclusion, the North American blanket aerogel market is expanding rapidly due to the demand for energy-efficient solutions in the construction, oil, gas, and transportation sectors. Because they offer the best thermal insulation, aerogel blankets are a popular option for many uses. The need for greater understanding and cost considerations must be addressed, nevertheless. Overall, the market for blanket aerogel in North America has a bright future, and more developments in this area are anticipated thanks to collaboration and ongoing innovation. 

North America Blanket Aerogel Market Drivers:

Growing Emphasis on Energy Efficiency and Sustainability is driving the market.

The growing focus on energy efficiency and sustainability in construction practices is one of the key factors driving the North American blanket aerogel market. Governments, businesses, and individuals are all actively looking for ways to minimize their energy use as they become more conscious of the effects it has on the environment. With their remarkable thermal insulation qualities, blanket aerogels offer a solution to this problem. The necessity to improve buildings' energy efficiency is what is driving the need for blanket aerogels. These materials provide exceptional insulation, enabling buildings to keep internal temperatures steady and reduce heat transmission. Blanket aerogels help to save a lot of energy and reduce greenhouse gas emissions by lowering the need for heating and cooling systems. Overall, the market for blanket aerogel in North America has a bright future, and more developments in this area are anticipated thanks to collaboration and ongoing innovation.

Increased Focus on Industrial Efficiency in the Oil and Gas Sector is fuelling demand and propelling market growth.

The rising emphasis on industrial efficiency in the oil and gas sector is another key factor driving the North American blanket aerogel market. Due to the energy-intensive nature of oil and gas operations, efficient insulating solutions are required to reduce heat loss and maximize energy efficiency. Aerogel blankets are a popular option for insulation applications because they have special benefits not found in any other product in this sector. Aerogel blankets offer remarkable thermal insulation performance in high-temperature settings for the oil and gas industry. They successfully reduce heat transfer, which lowers energy waste and improves operational effectiveness. Blanket aerogels help to save costs and boost productivity by minimizing heat loss during the production, transit, and storage processes. These materials also improve safety by reducing the possibility of heat accidents, safeguarding both people and equipment.

North America Blanket Aerogel Market Challenges:

The price of production and the accessibility of aerogel materials are two significant issues facing the North American blanket aerogel business. Due to their intricate manufacturing procedures and unique equipment needs, aerogels often have higher production costs than conventional insulation materials. This expense barrier may prevent widespread adoption and restrain market expansion. Current research and development initiatives are concentrated on streamlining production processes and identifying affordable substitutes to address this issue. To make aerogels more commercially feasible and available to a wider range of consumers and businesses, significant areas of study include innovations in manufacturing methods, scaling up production capabilities, and researching novel raw materials.

North America Blanket Aerogel Market Opportunities:

The growing attention to green construction programs and regulations is one significant opportunity in the North American blanket aerogel market. There is a rising need for ecologically friendly and energy-efficient insulating materials like blanket aerogels as governments and organizations prioritize sustainable building methods. Blanket aerogels are well-positioned to take advantage of this potential and meet the needs of the green building market, fostering future growth and adoption in the area, thanks to their superior thermal performance and environmental credentials. 

COVID-19 Impact on North America Blanket Aerogel Market:

The COVID-19 pandemic has brought attention to the significance of indoor air quality and building energy efficiency. There was an increased emphasis on building healthier and cozier living spaces as individuals spent more time at home. Due to their exceptional thermal performance and role in energy conservation, blanket aerogels have become more popular as an insulating material. The pandemic has sped up the use of energy-efficient construction techniques, which has a favorable effect on the North American blanket aerogel industry. The pandemic has also caused supply chain and construction sector interruptions, which have an impact on the market for blanket aerogel. As a result of construction projects being postponed or delayed, there was a decline in the market for insulating materials. Additionally, logistics issues and supply chain disruptions made it difficult to find raw materials and deliver finished goods. The North American blanket aerogel market temporarily slowed as a result of these negative effects, forcing business participants to adjust and deal with difficult situations.

NORTH AMERICA BLANKET AEROGEL MARKET REPORT COVERAGE:

North America Blanket Aerogel Market Segmentation:

North America Blanket Aerogel Market Segmentation: By Type

• Silica
• Polymer
• Carbon

Silica, polymer, and carbon aerogels can all be found on the North American blanket aerogel market. Because they are the most popular variety, silica aerogels command a considerable market share. Due to their outstanding thermal insulation capabilities, silica aerogels are appropriate for a wide range of uses in the transportation, oil and gas, and construction industries. Due to their flexibility and simplicity during installation, particularly in retrofitting projects, polymer aerogels are gaining popularity. Despite their relative rarity, carbon aerogels hold promise for uses that call for high-temperature resistance and electrical conductivity. With rising demand from sectors including electronics and aerospace, carbon aerogels' market share is anticipated to increase. Overall, silica aerogels dominate the North American blanket aerogel market due to their widespread use and shown performance, while polymer and carbon aerogels offer prospects for market expansion and diversification.

North America Blanket Aerogel Market Segmentation: By Application

• Oil & Gas
• Automotive
• Cryogenic
• Performance Coatings
• Others

The majority of the North American blanket aerogel market is made up of automotive, cryogenic, performance coatings, oil and gas, and other industries. Effective insulation is needed for oil and gas production, transportation, and storage activities, which accounts for a sizable amount of the market share held by this industry. The automotive sector is a significant additional application area for blanket aerogels, as they increase thermal efficiency and result in fuel savings. In the cryogenic industry, aerogels are employed as insulation against extremely low temperatures. The thermal and protective properties of aerogels are advantageous for performance coatings in areas like corrosion resistance and fireproofing. Other sectors like aerospace, electronics, and healthcare could expand the demand for blanket aerogels in North America. The oil & gas and automotive industries now control the majority of the industry due to their high energy consumption and greater focus on sustainability and efficiency.

North America Blanket Aerogel Market Segmentation: By Country

• USA
• Canada
• Mexico
• Rest of North America

The USA, Canada, Mexico, and the rest of North America might be considered separate segments of the North American blanket aerogel market. Due to its powerful construction industry, strict energy efficiency requirements, and a strong emphasis on sustainable building techniques, the USA retains the greatest market share in the area. With blanket aerogels being used more frequently in the oil and gas and construction industries in Canada, the market there is also considerable. Due to its developing industrial sector and growing interest in energy-efficient technologies, Mexico offers growth potential. The blanket aerogel market is still in its infancy in the Bahamas, Costa Rica, and Jamaica, but it has the potential to grow in the remaining nations of North America. Due to its enormous market and sophisticated construction techniques, the USA holds the majority of the market share. By contrast, Canada and Mexico provide growth potential supported by their respective industrial and construction sectors. 

North America Blanket Aerogel Market Key Players:

1. Aspen Aerogels
2. Cabot Corporation
3. JIOS Aerogel
4. BASF
5. Aerogel Technologies
6. Armacell
7. Guangdong Alison Hi-Tech