Projected Growth of Aerogel Market: A Comprehensive Analysis to soar US$ 1572 Mn by 2030

Aerogels are a diverse class of ultralow synthetic material derived from a gel, in which the liquid component of the gel is replaced with gas by supercritical drying.  It is composed of an interconnected nanostructure network with a minimum of 50% porosity. Though solid, it is extremely lightweight and possesses low thermal conductivity, which makes it an ideal insulation material.

Aerogel is a mesoporous solid foam, which is derived by replacement of the liquid component of the gel with a gas and is composed of an interconnected nanostructure network with minimum 50% porosity. Though solid, it is extremely porous, lightweight, and possesses low thermal conductivity, making it an ideal insulation material.

Aerogel sponge can be recycled after use, thereby signifying its eco-friendly nature and cost-effectiveness.

Thus, owing to such features, aerogel finds its application across various industries such as oil & gas, aerospace, healthcare, electronics, and building insulation. However, high production cost and poor mechanical strength are likely to hinder the growth of the aerogel market.

On the contrary, with advancements in materials, the adoption of aerogel is anticipated to increase considerably in applications such as apparel, agriculture, and power generation, thereby augmenting the market growth.

The aerogel market is expected to grow at 10.5 % CAGR from 2024-2030. It is expected to reach above USD 1572 million by 2030 from USD 640 million in 2023.

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Market Key Players Covered In This Report:

Aspen Aerogels, Cabot Corporation, Aerogel Technologies, BASF SE, JIOS Aerogel, Dow Chemical Company, Surnano Aerogel Co.ltd, Green Earth Aerogel Technologies, Active Aerogels.

Industry News:

In November 2023, Svenska Aerogel announced that the Italian distributor Krahn, on behalf of a new customer, has ordered 1 ton of Quartzene to be used in a new thermal insulation product. Krahn’s customer is active in the Building & Construction segment.

In November 2023, a new advanced manufacturing plant in Pioneer, Singapore, has been opened by JIOS Aerogel (JIOS), a global leader in silica aerogel technology. The facility represents a pivotal component of JIOS’s ongoing investment strategy, which is geared toward supporting auto makers in their adoption of aerogel-based technology to enhance the safety and performance of EV batteries.

Aerogel Market Segmentation:

Aerogel Market by Product, 2020-2029, (USD Million) (Tons)

Silica

Polymers

Aerogel Market by Form, 2020-2029, (USD Million) (Tons)

Blanket

Panel

Aerogel Market by Application, 2020-2029, (USD Million) (Tons)

Oil & Gas

Construction

Transportation

Performance Coating

Global Aerogel Market Dynamics

Aerogel Market Drivers

Increasing Demand for Energy-Efficient Insulation

Aerogels have excellent thermal insulation properties, making them highly desirable for applications in the construction and building industry. The growing emphasis on energy efficiency and sustainable construction practices is driving the demand for aerogel-based insulation materials.

For example, aerogel blankets or panels are used in insulation systems for walls, roofs, and pipelines, providing superior thermal performance and reducing energy consumption.

Aerogel Market Restraints

Fragility and Handling Challenges

Aerogels are extremely lightweight and possess a fragile structure. Handling and integrating them into various applications can be challenging due to their delicate nature.

Proper care and specialized techniques are required during transportation, installation, and usage to avoid damage. These handling challenges can add complexity and cost to the utilization of aerogels.

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)

◘ Europe (Germany, France, UK, Russia, and Italy)

◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

◘ Latin America (Brazil, Argentina, Colombia,.)

◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

North America dominates the aerogel market and will continue to flourish its dominance during the forecast period owing to excellent production of units for oil and gas industries and building and construction activities in the region in the forecast period of 2022-2029. However, Asia-Pacific will continue to project the highest growth rate for this period owing to rise in consumer awareness toward global warming, which, in turn, boosts the adoption of insulation solutions such as aerogel in industrial and domestic applications.

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Important Features of the reports:

- Detailed analysis of the Aerogel market

- Fluctuating market dynamics of the industry

- Detailed market segmentation

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of the Aerogel Market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth

- A neutral perspective towards Aerogel market performance.

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How big will the market and growth rate be in 2030?

What are the key drivers for the global Aerogel market?

What are the major market trends influencing the growth of the global Aerogel Market?

What are the challenges for market growth?

Who are the key vendors in the global Aerogel market?

What market opportunities and threats are vendors facing in the global Aerogel market?

What are the main findings of the five forces analysis of the global Aerogel Market?

Conclusion: At the end of the Aerogel Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis.

The Segmental analysis is also provided in terms of type and application.

Customization of the report: The report can be customized according to the client’s requirements. Get in touch with our sales experts and we’ll make sure you get a report that fits your needs.

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