Global Aerogel Market Expected to Reach USD 2,144.1 Million by 2033 - IMARC Group

Global Aerogel Market Statistics, Outlook and Regional Analysis 2025-2033

The global aerogel market size was valued at USD 1,031.2 Million in 2024, and it is expected to reach USD 2,144.1 Million by 2033, exhibiting a growth rate (CAGR) of 8.5% from 2025 to 2033.

The aerogel market is driven by several key factors that highlight its versatility and potential across various industries. With a global focus on reducing environmental impact, aerogels offer a sustainable alternative to traditional insulation materials. Their role in reducing energy consumption and their ability to be produced with minimal ecological impact aligns with growing green building and sustainability trends. For instance, in April 2024, SA-Dynamics used 100% bio-based aerogel fibers to create reusable and bio-based insulation materials. Up to 90% of the air in these approved fabrics is trapped in nanopores, making them as insulating as materials derived from fossil fuels. SA-Dynamics wants to transform the building industry by substituting bio-based materials for fossil-based ones. Aerogels are extremely light yet strong, making them valuable in sectors like aerospace and automotive, where lowering weight is pivotal for fuel efficiency and performance. Their ability to maintain strength while being lightweight enhances their appeal in these high-performance applications.

Recent improvements in aerogel production techniques, such as more efficient drying processes, have made aerogels more affordable and scalable. This has reduced production costs, making aerogels accessible to a wider range of industries and applications. For instance, in September 2024, Armacell, a prominent supplier of engineered foams and a global leader in flexible foam for the equipment insulation market, announced the introduction of a novel, state-of-the-art aerogel technology. To support its customers and in the wake of the September 7, 2024, event that affected Armacell's Cheonan (South Korea) factory, Armacell expedited the launch of this new product platform, greatly increasing the company's range of aerogel-based products, ArmaGel. Aerogels are known for their exceptional thermal insulating properties, which make them ideal for energy-efficient applications. As industries strive to reduce energy consumption and improve sustainability, the demand for aerogels as thermal insulators in construction, automotive, and aerospace is increasing.

Global Aerogel Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market due to technological advancements, increasing demand for energy-efficient materials, and growing applications in aerospace, construction, and oil & gas industries.

North America Aerogel Market Trends:

The aerogel market in North America is driven by technological advancements, a strong focus on energy-efficient solutions, and the increasing adoption of aerogels in the aerospace, automotive, and construction sectors. Government initiatives and growing demand for lightweight, high-performance materials also contribute to market growth. For instance, in October 2024, The US Department of Energy conditionally committed to give Aspen Aerogels an advance of up to $671 million to help finance the construction of an aerogel blanket plant in Register, Georgia. The blankets slow or stop thermal runaway in electric vehicle batteries by acting as a protective covering. According to Aspen, it already has agreements with automakers including Toyota and General Motors. Aerogel, a lightweight silica-based substance used in insulation applications, is made in the United States by Aspen and Cabot.

Asia-Pacific Aerogel Market Trends:

Asia Pacific’s aerogel market is propelled by rapid industrialization, expanding manufacturing sectors, and increasing infrastructure development. The region's growing focus on energy efficiency, particularly in construction and automotive, alongside rising demand for aerogels in electronics and oil & gas, significantly drives the market in countries like China and Japan.

Europe Aerogel Market Trends:

In Europe, the aerogel market benefits from stringent environmental regulations and a strong emphasis on sustainable building materials. The automotive and aerospace industries, alongside government incentives for energy-efficient products, drive demand. Additionally, innovation in aerogel production and its applications in insulation and electronics further enhance the market's growth prospects.

Latin America Aerogel Market Trends:

In Latin America, the aerogel market is influenced by increasing investments in infrastructure, particularly in the construction and energy sectors. The growing demand for insulation materials and energy-efficient solutions, alongside rising awareness of sustainability, are key factors driving the adoption of aerogels in countries like Brazil and Mexico.

Middle East and Africa Aerogel Market Trends:

The Middle East and Africa's aerogel market is driven by the demand for energy-efficient solutions in the construction and oil & gas industries. The region's extreme climate conditions create a need for superior thermal insulation, and there is a growing interest in sustainable technologies to address environmental concerns.

Top Companies Leading in the Aerogel Industry

Some of the leading aerogel market companies include 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 Ltd., Surnano Aerogel Co. Ltd., TAASI Corporation, Protective Polymers Ltd., Green Earth Aerogel Technology SL, among many others. In September 2024, a global leader in silica aerogel technology and flexible foam for the equipment insulation market, Armacell and its joint venture partner JIOS Aerogel ("JIOS") announced that Armacell acquired all JIOS's shares in Armacell JIOS Aerogels Limited ("AJA"). The joint venture's overwhelming success led to this deal, which coincides with JIOS concentrating its efforts on the electric vehicle sector and Armacell continuing to invest in expanding its aerogel capabilities.

Global Aerogel Market Segmentation Coverage

• On the basis of the type, the market has been categorized into silica, polymer, carbon, and others, wherein silica represent the leading segment. Silica is primarily used in aerogels owing to its excellent properties of thermal insulation coupled with high surface area and low density. It has also been observed that silica is chemically stable, non-toxic, and easily available. Therefore, silica-based aerogels can be used to manufacture lightweight, strong, and highly efficient aerogels for diverse applications in various industrial sectors.
• Based on the form, the market is classified into blanket, particle, panel, and monolith, amongst which blanket dominates the market. Blankets hold a broad applicability of thermal insulation in various industries including the aerospace, construction, and oil and gas industries. Offering unmatched thermal performance along with light weight makes these aerogel blankets flexible enough for applications requiring very high insulation in compact, flexible formats.
• On the basis of the processing, the market has been divided into virgin, composites, and additives. Among these, virgin accounts for the majority of the market share. Virgin aerogel has much higher purity and subsequently higher consistency and performance. It provides better thermal insulation, improved structural integrity, and greater durability when compared with recycled alternative aerogels. It is preferred in high-performance applications, especially aerospace, construction, and industrial ones.
• Based on the application, the market is segregated into oil and gas, construction, transportation, electronics, and others. Among these, oil and gas accounts for the majority of the market share. The extensive use of aerogel in oil and gas applications is due to its thermal insulation, weight, and extremely high temperature tolerance. It helps energy efficiency with heat losses as well as provides insulation for pipelines, tanks, and equipment in severe environments thus improving the performance and safety of the industry applications.