Aerogels

Aerogels

Global Aerogels Market to Reach US$2.0 Billion by 2030

The global market for Aerogels estimated at US$988.8 Million in the year 2023, is expected to reach US$2.0 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2023-2030. Silica Aerogels, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Polymer Aerogels segment is estimated at 14.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$387.3 Million While China is Forecast to Grow at 12.3% CAGR

The Aerogels market in the U.S. is estimated at US$387.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$198.0 Million by the year 2030 trailing a CAGR of 12.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.7% and 9.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.

Global Aerogels Market - Key Trends & Drivers Summarized

Aerogels are highly porous, lightweight materials known for their extraordinary thermal insulation properties and low density. Often referred to as "frozen smoke" or "solid air," aerogels are composed of up to 99.8% air by volume, which gives them their unique characteristics. These materials are typically derived from a gel in which the liquid component has been replaced with gas without collapsing the gel structure. This process creates a solid network of interconnected nanostructures, resulting in materials with extremely low thermal conductivity. Aerogels can be made from various substances, including silica, carbon, and metal oxides, each offering distinct properties suited for different applications. Their exceptional insulating capabilities make them invaluable in industries ranging from construction and aerospace to oil and gas, where they help reduce energy consumption and improve efficiency.

The growth in the aerogels market is driven by several factors. One of the primary drivers is the increasing demand for energy-efficient insulation materials in the construction industry, as aerogels offer superior thermal performance compared to traditional insulation materials. The aerospace sector also significantly contributes to market growth, leveraging the lightweight and insulating properties of aerogels to improve fuel efficiency and thermal management in aircraft. The oil and gas industry’s need for high-performance insulation materials that can operate under extreme conditions has further boosted the demand for aerogels. Technological advancements have made aerogels more cost-effective and easier to produce, increasing their adoption across various industries. Environmental regulations and the push for sustainable materials have also played a crucial role, as aerogels provide an eco-friendly solution to insulation and energy storage challenges. These factors collectively underscore the expanding scope and dynamic growth of the aerogels market, reflecting their pivotal role in advancing material science and industrial applications.

Technological advancements have significantly expanded the applications and performance of aerogels. For instance, innovations in fabrication techniques have enabled the production of more flexible and durable aerogel composites, overcoming some of the brittleness associated with traditional aerogels. These composites maintain the core properties of aerogels while being more robust and easier to handle. Additionally, the development of carbon aerogels has opened up new possibilities in energy storage and environmental applications. Carbon aerogels are excellent conductors of electricity and have high surface areas, making them ideal for use in supercapacitors and as adsorbents for pollutant removal. Moreover, advancements in polymer-enhanced aerogels have led to materials that can withstand more extreme temperatures and mechanical stresses, further broadening their application potential in sectors such as automotive and industrial manufacturing.

Select Competitors (Total 43 Featured) -

• Active Aerogels
• Armacell
• Aspen Aerogels Inc.
• BASF SE
• Cabot Corporation
• CF Technologies, Inc.
• Dow, Inc.
• Enersens
• Guangdong Alison Hi-Tech Co. Ltd
• JIOS Aerogel Corporation
• Svenska Aerogel AB
• TAASI Corporation
• Thermablok Aerogels Ltd
• ZheJiang Surnano Aerogel Co. Ltd

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