Global Aerogel Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Aerogel Market Analysis

The aerogel market is witnessing significant advancements driven by innovations in manufacturing processes and material enhancements. Latest methods, such as sol-gel techniques combined with ambient pressure drying, are reducing production costs and improving scalability. These techniques enable the development of flexible aerogel blankets and panels with superior thermal insulation, making them highly suitable for applications in construction and industrial insulation.

Technological advancements include the integration of polymeric aerogels, which provide enhanced durability and hydrophobicity. These are widely used in aerospace, oil & gas, and automotive industries due to their lightweight and high-performance characteristics. In addition, advancements in silica aerogel technologies, which offer reduced thermal conductivity and fire resistance, are driving their adoption in energy-efficient buildings.

The aerogel market's growth is supported by increasing environmental awareness and stringent energy conservation regulations. The market is projected to expand as demand for lightweight materials in various sectors grows. Emerging applications in energy storage, such as aerogel-based batteries, further underline its growth potential in the coming years.

Aerogel Market Size

The global aerogel market size was valued at USD 1.38 billion in 2024 and is projected to reach USD 2.93 billion by 2032, with a CAGR of 9.85% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Aerogel Market Trends

“Increasing Demand for Energy-Efficient Insulation Materials”

A prominent trend driving growth in the aerogel market is the increasing adoption of energy-efficient insulation materials in construction and industrial applications. Aerogels, known for their ultra-low thermal conductivity and lightweight properties, are replacing traditional insulation materials in energy-intensive industries such as oil and gas, construction, and automotive. For instance, Cabot Corporation's aerogel products are being utilized in pipeline insulation to reduce energy loss while maintaining durability. In addition, the demand for sustainable and eco-friendly materials aligns with aerogels' recyclable nature. Governments globally are promoting energy-efficient building designs, further boosting aerogel adoption in green construction projects. This trend underscores aerogels' pivotal role in the sustainability revolution across industries.

Report Scope and Aerogel Market Segmentation      

Aerogel Market Definition

Aerogel is an ultralight, porous material derived from a gel, where the liquid component is replaced with a gas, typically air. Known as "frozen smoke" or "solid air" due to its translucent appearance, it is made primarily from silica, carbon, or metal oxides. Aerogel is highly efficient as a thermal insulator, lightweight, and offers exceptional strength relative to its density. Its structure features a vast network of nanopores, making it extremely low in thermal conductivity. Aerogels are used in applications such as space exploration, building insulation, and oil spill cleanup due to their low density, fire resistance, and high adsorption capabilities.

Aerogel Market Dynamics

Drivers

• Rising Adoption in Aerospace

The adoption of aerogels in aerospace is growing due to their lightweight, highly durable, and superior insulation properties. Aerogels provide exceptional thermal insulation, making them ideal for protecting spacecraft and aircraft from extreme temperature fluctuations. For instance, NASA uses silica aerogels for insulation in Mars rovers and other space missions, enabling the survival of critical components in harsh conditions. Similarly, commercial aircraft manufacturers employ aerogels in cabin insulation to reduce weight and improve fuel efficiency. With the aerospace industry's focus on reducing emissions and enhancing performance, the demand for advanced materials such as aerogels is set to rise, driving market growth.

• Rising Interest in Electric Vehicles (EVs)

The growing electric vehicle (EV) market significantly drives demand for aerogels due to their exceptional insulation properties. Aerogels enhance thermal management in EV batteries, ensuring safety by preventing thermal runaway and optimizing performance in extreme temperatures. For instance, companies such as BASF have developed aerogel-based thermal barriers specifically for EV battery modules. With EV adoption accelerating globally, especially in regions such as Europe and Asia, manufacturers increasingly integrate aerogels to meet safety and efficiency standards. This trend aligns with government incentives promoting EV production and usage, further fueling the aerogel market's growth in automotive applications.

Opportunities

• Advancements in Nanotechnology

Advancements in nanotechnology have revolutionized aerogel production, reducing manufacturing costs and enhancing material properties. These innovations enable the production of flexible and highly durable aerogels, expanding their applications across industries such as construction, automotive, and healthcare. For instance, researchers have developed silica aerogels with improved mechanical strength and thermal insulation, making them ideal for energy-efficient buildings and electric vehicle battery insulation. In addition, reduced production costs make aerogels accessible for emerging markets, fostering widespread adoption. Such advancements create lucrative opportunities by bridging the gap between high-performance materials and affordability, positioning aerogels as a preferred choice for sustainable and innovative solutions in various sectors.

• Growing Demand for Oil and Gas Applications

The oil and gas sector presents significant opportunities for the aerogel market due to its advanced insulation capabilities. Aerogels are widely used in pipelines and subsea infrastructure to minimize heat loss and maintain operational efficiency, even in extreme conditions. For instance, companies such as Aspen Aerogels have developed specialized products such as Cryogel and Pyrogel for high-performance thermal insulation in this sector. As global energy demands increase and exploration shifts to harsher environments such as deep-sea drilling, the need for reliable, lightweight, and effective insulation solutions drives aerogel adoption. This trend positions aerogels as a vital component in enhancing energy sector efficiency.

 Restraints/Challenges

• High Production Costs

High production costs are a significant restraint for the aerogel market. The manufacturing of aerogels involves complex processes such as supercritical drying, which requires specialized equipment and high energy consumption. These intricate processes make aerogels much more expensive than traditional materials, limiting their use in cost-sensitive applications such as consumer goods and certain industrial sectors. Industries that prioritize cost-efficiency over advanced material properties are hesitant to adopt aerogels, thus restricting their market penetration. As a result, the high production costs remain a key challenge, preventing aerogels from being more widely used in various industries, including construction, insulation, and consumer products.

• Manufacturing Scalability

Manufacturing scalability remains a significant restraint for the aerogel market. While aerogels have superior properties, scaling up production to meet market demand while maintaining quality and cost-effectiveness is a complex challenge. The production process, particularly supercritical drying, is intricate and costly, limiting its ability to scale efficiently. As the technology is still evolving, achieving mass production without compromising the material’s performance or increasing costs is difficult. In addition, the need for specialized equipment and highly controlled conditions further complicates the scalability issue. These limitations prevent aerogels from being produced at the volume and price needed for wider adoption in various industries, hindering overall market growth.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Aerogel Market Scope

The market is segmented on the basis of type, form, processing, application, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Silica
• Polymer
• Carbon
• Other

 Form

• Blanket
• Particle
• Panel
• Monolith

 Processing

• Manufactured
• Composites
• Additives

 Application

• Oil and Gas
• Construction
• Performance Coating
• Day-Lighting and LVHS
• Transportation
• Others

 End use

• Coatings
• Pesticides
• Chemicals
• Gasoline
• Printing
• Rubber and Leather

Aerogel Market Regional Analysis

The market is analysed and market size insights and trends are provided by type, form, processing, application, and end use as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the aerogel market due to the favorable properties of aerogels, such as high thermal insulation and low density. The growing demand for energy-efficient solutions in residential and commercial buildings further drives the market's expansion in the region.

Asia Pacific is expected to show significant growth in the aerogel market during the forecast period of 2025-2032, driven by rising demand for sustainable materials. In Japan, manufacturers are using aerogels for thermal insulation in products such as refrigerators and HVAC systems, aligning with environmental regulations and consumer preferences for greener solutions.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Aerogel Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Aerogel Market Leaders Operating in the Market Are:

• Cabot Corporation (U.S.)
• Aspen Aerogel Inc. (U.S.)
• Svenska Aerogel AB (Sweden)
• American Aerogel Corporation (U.S.)
• JIOS Aerogel (South Korea)
• Active Aerogels (Portugal)
• Enersens (France)
• Green Earth Aerogel Technologies (U.S.)
•  DuPont (U.S.)
• Dow (U.S.)
• TAASI Corporation (U.S.)
• Airglass AB (Sweden)
• Acoustiblok UK Ltd. (U.K.)
• BASF (U.S.)

Latest Developments in Aerogel Market

• In November 2023, JIOS Aerogel (JIOS) inaugurated a state-of-the-art manufacturing facility in Pioneer, Singapore. This new plant is focused on producing advanced aerogel-based technologies aimed at improving the safety and performance of electric vehicle (EV) batteries. The company’s initiative highlights its commitment to enhancing the durability and efficiency of EVs by incorporating cutting-edge aerogel solutions to optimize thermal insulation and energy storage systems in batteries
• In March 2023, Fibenol partnered with Aerogel-it to develop a bio-aerogel derived from lignin, a natural polymer produced by Fibenol through direct biomass processing. This collaboration seeks to explore sustainable aerogel solutions with enhanced properties. The bio-aerogel aims to offer superior thermal insulation while being eco-friendly, aligning with increasing demand for greener, renewable materials in various industries, especially for applications such as insulation and energy-efficient products
• In February 2023, Svenska Aerogel entered into a strategic partnership with a leading producer in the process industry to enhance the utilization of Quartzene, its patented aerogel-based material. The agreement includes a pilot phase where Svenska Aerogel will supply 30 tons of Quartzene annually, demonstrating the material’s potential in industrial applications. Quartzene is designed to improve thermal insulation and energy efficiency in a variety of sectors, ranging from construction to manufacturing
• In April 2022, Alkegen introduced AlkeGel, an innovative proprietary material designed for electric vehicle (EV) and battery fire protection, as well as other industrial temperature control applications. AlkeGel boasts extremely high thermal conductivity and minimal dust, providing superior insulation properties compared to traditional materials. This cutting-edge aerogel solution significantly reduces insulation thickness while enhancing thermal performance, making it ideal for EV batteries, fire protection, and high-temperature industrial applications
• In August 2020, Armacell launched ArmaGel DT, a flexible aerogel blanket designed for dual-temperature and cryogenic applications. This next-generation material offers exceptional thermal insulation performance while maintaining flexibility, making it suitable for both high and low-temperature environments. ArmaGel DT is ideal for industries requiring reliable insulation in challenging conditions, such as in the transport and storage of cryogenic gases or the insulation of industrial equipment exposed to fluctuating temperatures

SKU-44789