Global Aerogel Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Global Aerogel Market is projected to grow at around 11.3% CAGR during the forecast period, i.e., 2024-30.
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Global Aerogel Market Dynamics: 2024-2030
Global Aerogel Market Driver:
Mounting Demand for Energy-Efficient Sustainable Materials across Industries
Aerogel offers exceptional thermal insulation properties and has a lightweight structure high porosity, which makes it an attractive material for applications that need effective thermal management, such as building insulation, oil gas pipelines, automotive components, and aerospace insulation. The rising awareness emphasis on energy conservation and stringent government regulations toward reducing energy consumption are instigating the demand for efficient insulation materials like aerogel, the superior thermal performance of which enables significant energy savings by reducing heat transfer and heating cooling requirements, thereby driving the Global Aerogel Market.
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Global Aerogel Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Product
-Silica
-Polymer
-Carbon
-Others
By Processing
-Virgin
-Composites Additives
By Form
-Blanket
-Particle
-Panel
-Monolith
By End-Use
-Oil Gas
-Building Construction
-Automotive, Aerospace, Marine
-Performance Coatings
-Others
Here, the oil gas sector is projected to acquire a significant market share during 2024-30.
By Region
-North America
-South America
-Europe
-Asia-Pacific
-Middle East and Africa.
Of all regions globally, North America currently dominates the Aerogel Market both in terms of production consumption, and the same trend is likely over the forecast period.
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Top Companies Operating in the Global Aerogel Market:
-Enersens
-Dow Inc.
- Nano Technology Co., Ltd
-JIOS Aerogel Corporation
-BASF SE
-Active Aerogels, LDA
-Aerogel Technologies, LLC
-Cabot Corporation
-Aspen Aerogels, Inc
-Svenska Aerogel AB.
Market Recent Development:
- On 17 May 2023, Cabot Corporation developed a new ENTERA aerogel particles portfolio with three aerogel products that formulators can incorporate into thermal barrier blankets, pads, sheets, films, foams, coatings. These particles are thermal insulation additives that provide “ultra-thin” thermal barriers for lithium-ion EV batteries.
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