Aerogel Market Size Share & Outlook to 2024 to 2032

The latest report published by IMARC Group, titled “Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How Big is the Aerogel Market?

The global aerogel market size reached US$ 947.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,074.9 Million by 2032, exhibiting a growth rate (CAGR) of 8.8% during 2024-2032.

Aerogel is a synthetic material known for its extremely low density and thermal conductivity, as well as its high porosity. It is composed of a gel in which the liquid component has been replaced by a gas, resulting in a substance that is up to 99.8% air by volume. The structure of aerogel consists of a network of microscopic pores, which gives it an expansive surface area relative to its mass. Due to these properties, aerogel is often referred to as "frozen smoke." It is highly effective as an insulator and is used in various applications, including thermal insulation, oil spill cleaning, and even in aerospace engineering for capturing space dust. Its lightweight nature and insulating capabilities make it a material of interest for scientific research and industrial applications.

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Aerogel Market Trends:

The rising research and development (R&D) in aerogel technology represents one of the key factors driving the growth of the market across the globe. This is resulting in more affordable and efficient production methods, which is broadening its applicability across different industries, thus fueling the market growth. Aerogel's exceptional thermal insulating properties make it highly sought after in the construction and automotive sectors for energy-efficient solutions, which contribute to reduced energy consumption and lower carbon footprints. Aerogels are often used in environmental clean-up activities, such as oil spill remediation, due to their high porosity and absorbent nature. This positions aerogel as an eco-friendly material, aligning with global sustainability goals. Governments are increasingly encouraging the use of energy-efficient materials, often providing subsidies or tax benefits for their adoption, which directly influences the market positively.

Key Market Segmentation:

The report has categorized the market based on processing, type, form, application and region.

Breakup by Processing:

• Virgin
• Composites
• Additives

Breakup by Type:

• Silica
• Polymer
• Carbon
• Others

Breakup by Form:

• Blanket
• Particle
• Panel
• Monolith

Breakup by Application:

• Oil and Gas
• Construction
• Transportation
• Electronics
• Others

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape with Key Players:

The competitive landscape of the aerogel market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Some of these players are:

• Aspen Aerogels, Inc.
• BASF SE
• Cabot Corporation
• The Dow Chemical Company
• JIOS Aerogel Corporation
• Svenska Aerogel Holding AB
• Enersens SAS
• Active Aerogels
• Nano Tech Co., Ltd.
• Guangdong Alison Hi-Tech Co., Ltd.
• Intelligent Insulation
• Surnano Aerogel Co. Ltd.
• TAASI Corporation
• Protective Polymers Ltd.
• Green Earth Aerogel Technologies Limited

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Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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