Product Code: PM1172
The global aerogel market size is expected to reach USD 2,656.20 million by 2030, according to a new study by Polaris Market Research. The report "Aerogel Market Share, Size, Trends, Industry Analysis Report, By Product (Silica, Polymers, Carbon, Others); By Form; By Technology; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is predicted to increase due to rapidly improving battery technologies and a growing focus on energy-saving coating for Electric Vehicle (EV) batteries. The major players in the market are assisting in the advancements of batteries.
For instance, in November 2020, Aspen won a contract to provide PyroThin thermal boundaries to a major US automobile OEM to be used in its battery platform for next-generation electric vehicles. PyroThin, an ultra-thin, light-weight, bendable thermal barrier developed by Aspen, is designed to meet the performance and security requirements of battery electric vehicles.
Silica-based blankets and sheets provide excellent thermal insulation and fire resistance, and when used in electric vehicles, they contribute to maintaining the appropriate temperature of the energy storage devices. It could also be employed as an electrocatalyst in supercapacitors, rechargeable batteries, and enhanced catalytic support to its unique chemical and textural properties. The demand for material-based batteries is predicted to rise as the trend toward electric mobility grows.
Furthermore, robust insulation is employed in car doorframes, roofs, and hoods, using about half the space of traditional foam materials. They can also provide excellent passive in-cabin climate management while saving energy, and they are projected to be used in a larger range of applications in the future.
Additionally, the carbon material could be employed in hydrogen and electrical energy storage because of its large surface area. Most notably, changing the network structure of carbon material could improve its energy storage capacity. It could also be employed as electrode material in supercapacitors, rechargeable batteries, and enhanced catalytic support because of its unique chemical and textural properties.
Also, the rising demand for low-density materials with insulating qualities from end-use industries such as aerospace, oil & gas, chemical, and automotive is boosting the growth of the market. NASA utilized aerogel in the Stardust Spacecraft to gather extraterrestrial nanoparticles and trap dust particles on board. The rising adoption of silica material in imaging sensors and optoelectronic devices is expected to expand the market growth.
Aerogel Market Report Highlights
Polymer aerogel segment accounted for the second-largest market share in 2021 owing to its benefits such as when compared to silica equivalents, they have superior chemical and physical capabilities.
Blanket segment is anticipated to witness the fastest growth which is accelerated by the blanket structure that transforms the brittle aerogel into a strong, flexible material. Because of their water repellency and light diffusion qualities, these blankets have a high density in building applications.
Supercritical drying technology category is likely to grow at a significant rate. The most crucial stage in the manufacture of aerogels is supercritical drying, which preserves the three-dimensional pore architectures.
North America is expected to witness a significant growth over the projected period this is due to the United States government continually providing incentives and encouraging the usage of electric vehicles (EVs).
The global market is highly competitive owing to the existence of large market players with a global presence including Armacell International, BASF SE, Dow Inc., Svenska Aerogel, Thermablok Aerogels, ZheJiang Surnano.
Polaris Market Research has segmented the aerogel market report based on product, form, technology, end-use, and region:
Aerogel, Product Outlook (Revenue - USD Million, 2018 - 2030)
Silica
Polymers
Carbon
Others
Aerogel, Form Outlook (Revenue - USD Million, 2018 - 2030)
Blanket
Particle
Panel
Monolith
Aerogel, Technology Outlook (Revenue - USD Million, 2018 - 2030)
Supercritical Drying
Other Technologies
Aerogel, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Oil & Gas
Building & Construction
Automotive, Aerospace & Marine
Performance Coatings
Others
Aerogel, Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Aerogel Market Insights
- 4.1. Aerogel - Industry Snapshot
- 4.2. Aerogel Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Environment-friendly material
- 4.2.1.2. Demand from construction Product
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High manufacturing costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Aerogel Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Aerogel Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 5.3. Silica
- 5.3.1. Global Aerogel Market, by Silica, by Region, 2018 - 2030 (USD Million)
- 5.4. Polymers
- 5.4.1. Global Aerogel Market, by Polymers, by Region, 2018 - 2030 (USD Million)
- 5.5. Carbon
- 5.5.1. Global Aerogel Market, by Carbon, by Region, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Global Other Aerogel Market, by Region, 2018 - 2030 (USD Million)
6. Global Aerogel Market, by Form
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 6.3. Blanket
- 6.3.1. Global Aerogel Market, by Blanket, by Region, 2018 - 2030 (USD Million)
- 6.4. Particle
- 6.4.1. Global Aerogel Market, by Particle, by Region, 2018 - 2030 (USD Million)
- 6.5. Panel
- 6.5.1. Global Aerogel Market, by Panel, by Region, 2018 - 2030 (USD Million)
- 6.6. Monolith
- 6.6.1. Global Aerogel Market, by Monolith, by Region, 2018 - 2030 (USD Million)
7. Global Aerogel Market, by Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 7.3. Supercritical Drying
- 7.3.1. Global Aerogel Market, by Supercritical Drying, by Region, 2018 - 2030 (USD Million)
- 7.4. Others
- 7.4.1. Global Other Aerogel Market, by Region, 2018 - 2030 (USD Million)
8. Global Aerogel Market, by End-Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 8.3. Oil & Gas
- 8.3.1. Global Aerogel Market, by Oil & Gas, by Region, 2018 - 2030 (USD Million)
- 8.4. Building & Construction
- 8.4.1. Global Aerogel Market, by Building & Construction, by Region, 2018 - 2030 (USD Million)
- 8.5. Automotive, Aerospace & Marine
- 8.5.1. Global Aerogel Market, by Automotive, Aerospace & Marine, by Region, 2018 - 2030 (USD Million)
- 8.6. Performance Coatings
- 8.6.1. Global Aerogel Market, by Performance Coatings, by Region, 2018 - 2030 (USD Million)
- 8.7. Others
- 8.7.1. Global Other Aerogel Market, by Region, 2018 - 2030 (USD Million)
9. Global Aerogel Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Aerogel Market Assessment, By Geography, 2018 - 2030 (USD Million)
- 9.3. Aerogel Market - North America
- 9.3.1. North America: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.3.2. North America: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.3.3. North America: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.3.4. North America: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.3.5. Aerogel Market - U.S.
- 9.3.5.1. U.S.: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.3.5.2. U.S.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.3.5.3. U.S.: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.3.5.4. U.S.: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.3.6. Aerogel Market - Canada
- 9.3.6.1. Canada: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.3.6.2. Canada: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.3.6.3. Canada: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.3.6.4. Canada: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4. Aerogel Market - Europe
- 9.4.1. Europe: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.2. Europe: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.3. Europe: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.4. Europe: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.5. Aerogel Market - UK
- 9.4.5.1. UK: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.5.2. UK: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.5.3. UK: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.5.4. UK: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.6. Aerogel Market - France
- 9.4.6.1. France: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.6.2. France: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.6.3. France: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.6.4. France: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.7. Aerogel Market - Germany
- 9.4.7.1. Germany: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.7.2. Germany: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.7.3. Germany: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.7.4. Germany: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.8. Aerogel Market - Italy
- 9.4.8.1. Italy: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.8.2. Italy: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.8.3. Italy: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.8.4. Italy: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.9. Aerogel Market - Spain
- 9.4.9.1. Spain: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.9.2. Spain: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.9.3. Spain: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.9.4. Spain: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.10. Aerogel Market - Netherlands
- 9.4.10.1. Netherlands: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.10.2. Netherlands: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.10.3. Netherlands: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.10.4. Netherlands: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.4.11. Aerogel Market - Russia
- 9.4.11.1. Russia: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.4.11.2. Russia.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.4.11.3. Russia: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.4.11.4. Russia: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5. Aerogel Market - Asia Pacific
- 9.5.1. Asia Pacific: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.2. Asia Pacific: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.3. Asia Pacific: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.4. Asia Pacific: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.5. Aerogel Market - China
- 9.5.5.1. China: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.5.2. China.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.5.3. China: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.5.4. China: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.6. Aerogel Market - India
- 9.5.6.1. India: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.6.2. India.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.6.3. India: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.6.4. India: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.7. Aerogel Market - Japan
- 9.5.7.1. Japan: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.7.2. Japan.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.7.3. Japan: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.7.4. Japan: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.8. Aerogel Market - Malaysia
- 9.5.8.1. Malaysia: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.8.2. Malaysia.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.8.3. Malaysia: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.8.4. Malaysia: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.9. Aerogel Market - Indonesia
- 9.5.9.1. Indonesia: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.9.2. Indonesia.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.9.3. Indonesia: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.9.4. Indonesia: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.5.10. Aerogel Market - South Korea
- 9.5.10.1. South Korea: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.5.10.2. South Korea.: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.5.10.3. South Korea: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.5.10.4. South Korea: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.6. Aerogel Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.6.2. Middle East & Africa: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.6.3. Middle East & Africa: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.6.4. Middle East & Africa: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.6.5. Aerogel Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.6.5.2. Saudi Arabia: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.6.5.3. Saudi Arabia: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.6.5.4. Saudi Arabia: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.6.6. Aerogel Market - South Africa
- 9.6.6.1. South Africa: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.6.6.2. South Africa: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.6.6.3. South Africa: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.6.6.4. South Africa: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.6.7. Aerogel Market - Israel
- 9.6.7.1. Israel: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.6.7.2. Israel: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.6.7.3. Israel: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.6.7.4. Israel: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.6.8. Aerogel Market - UAE
- 9.6.8.1. UAE: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.6.8.2. UAE: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.6.8.3. UAE: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.6.8.4. UAE: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.7. Aerogel Market - Latin America
- 9.7.1. Latin America: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.7.2. Latin America: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.7.3. Latin America: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.7.4. Latin America: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.7.5. Aerogel Market - Mexico
- 9.7.5.1. Mexico: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.7.5.2. Mexico: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.7.5.3. Mexico: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.7.5.4. Mexico: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.7.6. Aerogel Market - Brazil
- 9.7.6.1. Brazil: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.7.6.2. Brazil: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.7.6.3. Brazil: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.7.6.4. Brazil: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
- 9.7.7. Aerogel Market - Argentina
- 9.7.7.1. Argentina: Aerogel Market, by Product, 2018 - 2030 (USD Million)
- 9.7.7.2. Argentina: Aerogel Market, by End-Use, 2018 - 2030 (USD Million)
- 9.7.7.3. Argentina: Aerogel Market, by Form, 2018 - 2030 (USD Million)
- 9.7.7.4. Argentina: Aerogel Market, by Technology, 2018 - 2030 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Armacell International
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Active Aerogels
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Aerogel Technologies
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Airglass UK
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Aspen Aerogels
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. BASF SE
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Cabot Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. CF Technologies
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Dow Inc.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. ENERSENS
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Green Earth Aerogel
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Guangdong Alison
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. JIOS Aerogel
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Nano High-Tech
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Ocellus Inc.
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development
- 11.16. Svenska Aerogel
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Product Benchmarking
- 11.16.4. Recent Development
- 11.17. TAASI Corporation
- 11.17.1. Company Overview
- 11.17.2. Financial Performance
- 11.17.3. Product Benchmarking
- 11.17.4. Recent Development
- 11.18. Thermablok Aerogels
- 11.18.1. Company Overview
- 11.18.2. Financial Performance
- 11.18.3. Product Benchmarking
- 11.18.4. Recent Development
- 11.19. ZheJiang Surnano Aerogel
- 11.19.1. Company Overview
- 11.19.2. Financial Performance
- 11.19.3. Product Benchmarking
- 11.19.4. Recent Development