Aerogel Market by Type (Carbon, Metals, Polymer), Processing (Additives, Composites, Virgin Aerogel), Form, Application - Global Forecast 2024-2030

Aerogel Market by Type (Carbon, Metals, Polymer), Processing (Additives, Composites, Virgin Aerogel), Form, Application - Global Forecast 2024-2030

The Aerogel Market size was estimated at USD 1.42 billion in 2023 and expected to reach USD 1.61 billion in 2024, at a CAGR 13.72% to reach USD 3.49 billion by 2030.

Aerogel is an advanced material known for its exceptional lightness, high porosity, and low thermal conductivity, rendering it one of the least dense solid substances in existence. Aerogels are typically made from materials such as silica, carbon, and metal oxides through a process that involves the gelation of a liquid in a sol-gel process and subsequent removal of the solvent without collapsing the gel's structure. The aerospace and automotive industries also pursue weight reduction for enhanced performance and fuel efficiency, which spurs the use of lightweight aerogels. Advancements in environmental technology have created avenues for using aerogels in green applications such as oil spill clean-ups and water filtration. However, the high cost of its manufacturing and maintenance of aerogel is complex, which can impede its utility. Addressing these limitations involves ongoing research into cost-effective production methods, as well as the development of composite materials that incorporate aerogels into more robust matrices. In the high-tech sphere, there is the potential to make breakthroughs utilizing aerogels for advanced battery systems and electronics due to their unique electrical properties.

Regional Insights

In the Americas, aerogel is particularly favored in oil and gas applications due to the region's substantial energy industry. North America leads in the production and consumption of aerogel, driven by the presence of key industry players and advanced technological bases. The market is also seeing growth in building insulation and aerospace applications, reflecting stringent regulatory frameworks focused on energy efficiency and the strong aerospace industry in the region. The APAC region presents a rapidly expanding market for aerogel, with countries such as China, Japan, and South Korea at the forefront. The growth is fueled by increasing infrastructure projects, expanding automotive sectors, and a growing focus on energy-efficient materials. The production in APAC is scaling up, with several new players entering the market and existing manufacturers expanding their production capabilities. The EMEA region exhibits a diverse range of applications for aerogel, from oil and gas in the Middle East to automotive and construction in Europe. Europe is integrating aerogels into sophisticated applications, including transportation and clothing, due to high environmental awareness and strict regulations surrounding energy conservation and material performance. In the Middle East, the focus is on thermal insulation for both industrial and construction sectors, considering the harsh climate and ongoing infrastructural developments.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aerogel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Emphasis on lightweighting of components in aerospace and automotive industries
• Increasing construction activities supported by high-performance insulation
• Rising use of aerogels for water and wastewater treatment

Market Restraints

• Complexity in manufacturing of aerogels

Market Opportunities

• Advancements in production and manufacturing of aerogels
• Strategic funding and initiatives for expansion of aerogel production

Market Challenges

• Performance limitations of aerogels

Market Segmentation Analysis

• Type: Superiority of carbon aerogels in terms of conductivity and performance
• Application: Improved potential of thermal insulation of aerogels in aerospace & defense

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aerogel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aerogel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

JIOS Aerogel Opens Singapore Manufacturing Plant to Produce Thermal Protection for Electric Vehicle (EV) Batteries

JIOS Aerogel inaugurated a new manufacturing facility in Singapore to amplify the production of their cutting-edge thermal insulation solutions for Electric Vehicle (EV) batteries. This strategic expansion underscores JIOS Aerogel's commitment to meeting the surging demand for EVs by providing superior thermal protection that improves battery efficiency and safety. The plant’s establishment is set to strengthen Singapore’s position as a hub for high-tech manufacturing and innovation, and it represents a pivotal stride in supporting the sustainability goals of the automotive industry.

Cabot Corporation Launches ENTERA Aerogel Particles for Use in Thermal Barriers for Lithium-ion Batteries

Cabot Corporation announced the release of their ENTERA Aerogel Particles, specifically engineered for incorporation as thermal barriers in lithium-ion batteries. This proprietary solution is poised to enhance batteries' thermal management and safety, which are integral to many applications, from consumer electronics to electric vehicles.

New Company Launches Ultra-Light, Low Carbon “Aerogel” Insulation Materials

Aerogel Core Ltd., an innovative enterprise founded by a group of adept engineers from the University of Bath, is poised to revolutionize the aerospace and automotive sectors. By harnessing the unique properties of aerogels, known for their exceptional lightness and insulative qualities, the company aims to produce state-of-the-art materials designed to enhance soundproofing and thermal protection. This breakthrough promises to set new industry standards in efficiency and performance, positioning Aerogel Core Ltd. at the forefront of next-generation material development.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aerogel Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aerogel Market, highlighting leading vendors and their innovative profiles. These include Active Aerogels, Aerogel Technologies, LLC, Aerogel UK Limited, Armacell International S.A., Aspen Aerogels, Inc., Astrra Chemicals, BASF SE, Blueshift Materials Inc., Cabot Corporation, Enersens SAS, Gelanggang Kencana Sdn. Bhd., Guangdong Alison High-tech Co., Ltd., High Tech Material Solutions, Intelligent Insulation, JIOS Aerogel Pte Ltd., JLM OIL & GAS LLP, KEEY Aerogel, Nano Technology Co., Ltd., PBM Insulations Pvt. Ltd., Shanghai Aerogelzone Technology Co., Ltd., Svenska Aerogel Holding AB, TAASI Corporation, The Dow Chemical Company, Vardhamaan Insulaation Limited, and ZheJiang Surnano Aerogel Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Aerogel Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Carbon
• Metals
• Metal Chalcogenides
• Metal Oxide
• Polymer
• Silica
• Processing
• Additives
• Composites
• Virgin Aerogel
• Form
• Blanket
• Monolith
• Panel
• Particle
• Application
• Aerospace
• Automotive
• Construction
• Day-Lighting & LVHS
• Industrial & Cryogenics
• Marine
• Oil & Gas
• Performance Coating
• Pharmaceuticals
• Transportation
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year