The aerogel market is projected to grow at a CAGR of 16.54% during the forecast period to reach US$2.204 billion in 2026.
Aerogel is an ultralight porous material made from gel. The only difference is that the liquid component of the gel is turned into gas. This turns the gel into a solid form, having extremely low density and thermal conductivity. Aerogels are made from a variety of chemical compounds. The first aerogels were produced using silica gels. They are mostly solid, rigid, and dry. They have a porous solid network that contains air pockets (comprised 99.8% air). They are mostly used for insulation, cleaning up spills, imaging devices, paints, and cosmetics.
A major reason for the growth of this market is the benefits of aerogel over the traditional materials used in insulation.
Traditional materials used in insulation mineral wool, stone wool, rock wool have certain drawbacks as they can cause irritation in skin and the lungs if breathed in. They are made up of tiny pieces of glass and stone, which when inhaled inside can cause damage to the lungs. Moreover, in the case of new construction, thick layers of these materials are used which often result in the loss of floor space. For old buildings, it gets even tougher to incorporate floor changes using these materials as they can entirely change the appearance of the house. In order to overcome such problems, aerogels are considered to be an ideal substitute for these traditional methods of insulation.
The properties of aerogel and the rising demand for aerogel blanket is expected to drive the demand for this market in the forecast period.
Usage of aerogels often leads to low density, low thermal conductivity, and less thickness. This helps in saving a substantial amount of energy, which otherwise would have been wasted for heating and cooling purpose. This will help in driving the growth of the aerogel market. Also, there is an increased demand for aerogel blankets. The aerogel blanket is highly insulting and is used in the construction, oil and gas, and automotive industries. Also, the blankets can be cut according to the requirement.
The demand for an aerogel blanket is expected to fuel the growth of the market.
The low conductivity and small pores of aerogel is anticipated to fuel the growth of this market
The conductivity of aerogels is highly lower than conventional insulation materials. The conduction is minimized using the solid structure and air molecules. It helps in reaching the same insulation level with a lesser requirement of aerogel material as compared to conventional insulation products. The width of the pores lying in the conventional insulation materials ranges to 1mm whereas that of aerogel, the pores are as small as 20 nm. This helps in saving a lot of space. This property of aerogel further pushes its demand.
North America is projected as the largest region in terms of both consumption and production of aerogels. It's not only the leading region in the production of aerogel but also, a leading region in terms of product innovation and quality. The growing use of aerogel in the automotive industry, marine industry, and aerospace industry is expected to drive the aerogel market globally. The demand for aerogel in the European region is expected to grow due to the various insulation regulations. The demand in Europe is mainly driven by the oil and gas industry and the housing industry. UK and France are projected to contribute significantly to the European aerogel market. Asia Pacific region is also expected to create a strong foothold in the aerogel market.
The rise in the oil and gas industry is also expected to positively affect this market.
The oil and gas industry is involved in the day-to-day exploration, extraction, refining, and selling. The investment made in this industry is quite high and the industry generates high revenue and contributes significantly to the growth of the economy. In the oil and gas industry, more durable aerogel blankets are used which helps in improving insulation in oil and gas pipelines. It thereby helps in reducing installation cost, the amount of steel used in pipeline construction, and improving resistance. The oil and gas industry is projected to grow rapidly and thus would help in driving the growth of aerogel across the growth.
|Market size value in 2026||US$2.204 billion|
|Growth Rate||CAGR of 16.54% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Raw Material, Forms, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||American Aerogel, Cabot Corporation, Aspen Aerogel Inc., Dow, Aerogel, JISO Aerogel Corporation, Active Aerogels, Thermablok Co UK|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the aerogel market size by 2026?
A1. The aerogel market is projected to reach a total market size of US$2.204 billion in 2026.
Q2. What are the growth prospects for aerogel market?
A2. The global aerogel market is projected to grow at a CAGR of 16.54% during the forecast period.
Q3. How is the global aerogel market segmented?
A3. Aerogel Market has been segmented by raw material, forms, end-user, and geography.
Q4. What factors are anticipated to drive the aerogel market growth?
A4. A major reason for the growth of the aerogel market is the benefits of aerogel over the traditional materials used in insulation.
Q5. Which region holds the maximum market share of the aerogel market?
A5. Geographically, North America holds a significant share of the aerogel market.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. Aerogel Market, by Raw Material
6. Aerogel Market, by Forms
7. Aerogel Market, by End-Users
7.2. Oil and Gas
7.3. Water Treatment
7.4. Food and Beverage
7.7. Pulp and Paper
8. Aerogel Market, by Geography
8.2. North America
8.2.1. United States
8.3. South America
8.4.3. United Kingdom
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. American Aerogel
10.2. Cabot Corporation
10.3. Aspen Aerogel Inc.
10.6. JISO Aerogel Corporation
10.7. Active Aerogels
10.8. Thermablok Co UK
Aspen Aerogel Inc.
JISO Aerogel Corporation
Thermablok Co UK
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