Aerogel Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
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Aerogel Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
Aerogel Market byType (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Others), Form Type (Blanket, Particle, Panel, and Monolith), Processing Type (Virgin Aerogels, Composites, and Additives), Application Type (Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Aerogel Market by Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Others), Form Type (Blanket, Particle, Panel, and Monolith), Processing Type (Virgin Aerogels, Composites, and Additives), Application Type ...
"The global aerogel market is likely to grow from USD 750.28 million in 2021 to USD 1500.82 million by 2028 at a CAGR of 10.21% during the forecast period of 2022-2028."
Aerogel is an ultralight material that is obtained by replacing the liquid component of a gel source with a gas. The result obtained is solid and porous that has lesser thermal conductivity and lower density. Aerogel is available in different types such as Silica aerogel, polymer aerogel, carbon aerogel, and others. Blanket, particle, panel, and monolith are some of the form types of aerogels. Oil & gas, construction, transportation, performance coating, and many more are the industries where the use of aerogel can be found.
The market for aerogels is driven by their high performance and properties including superior thermal resistance and a lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material that after consecutive usage for a chain of applications can be disposed of safely after the completion of its life cycle.
Opportunities:
The Aerogel Market is growing due to the rising demand for new lightweight and reusable aerogel products used in oil & gas, construction, automobiles, buildings, performance coating industries, and others. Despite the high production costs remaining a major issue, the growing need for aerogel products opens up a world of opportunities for the market. The opportunities for aerogel producers include cooperation with end-use industries and greater consumer acceptance of aerogel as an insulating material in general and in developing countries in particular. Market growth is also promoted by commercialization in various applications for example apparel, energy storage, oil spill cleanup, and space suit insulation.
Aerogel Market Report: Overview
Market Size in 2028
USD 1500.82 million
Market Size in 2021
USD 750.28 million
CAGR (2022-2028)
10.21%
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
Key Players
Some of the major players in the aerogel market are:
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Segment Analysis
By Type
"The silica segment accounted for the largest market share."
The market is segmented as silica aerogel, polymer aerogel, carbon aerogel, and others. The silica segment accounted for more than 65% share in 2021 and is expected to command the marketduring the forecast period, in terms of value. The higher demand for silica is majorly owing to the high demand from end-use industries coupled with its low cost and easy availability. Silica is the most common type of aerogel as it is extensively studied and practically used. It is the first kind of aerogel manufactured for commercial application. As silica remains a low-cost and easily available aerogel, the method of synthesizing it is economical.
Form Trends
"Theblanket segment accountedfor the largest market share."
Based on the form type, the market is segmented as blanket, particle, panel, and monolith. The blanket segment accounted for more than 65% share in 2021 and is estimated to hold the largest shareof the market during the forecast period. The governance of the tank segment is likely to continue in the coming five years due to the high demand from the oil & gas and construction applications.
Application Trends
"The oil & gas segment accounted forthe largest market share."
Based on the application type, the market is segmented as oil & gas, construction, transportation, performance coating, day-lighting & LVHS, and others. The oil & gas segment accounted for more than 60% share in 2021 and is expected to be the largest application of the market, in terms of value, during the forecast period. Superior thermal resistance and reduced thickness of aerogel materials reflect their huge potential for growth in oil & gas applications, where insulation is of supreme importance.
Regional Insights
"North America accounted forthe largest market share."
In terms of regions, North America accounted for more than 45% share of the global market in 2021 and is expected to maintain its dominance during the forecast period as well. The market in the region is bolstered by strong consumer awareness and growing demand from oil and gas and construction applications. Further, the robust foothold of the key market players in the region is also powering the growth of the aerogel market in this region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Aerogel Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
The aerogel market is segmented into the following categories:
By Type:
Silica Aerogel
Polymer Aerogel
Carbon Aerogel
Others (Type Analysis: Metal Oxide Aerogel, Metal Chalcogenides Aerogels, and Metal Aerogel)
By Form Type:
Blanket
Particle
Panel
Monolith
By Processing Type:
Virgin Aerogels
Composites
Additives
By Application Type:
Oil & Gas
Construction
Transportation
(Application Type Analysis: Aerospace, Automotive, and Marine)
Performance Coating
Day-Lighting & LVHS
Others
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
Aerogel Market Report: Features
Market Segmentation
5
Regions Covered
4
Countries/Sub Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
10
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerogel market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
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Aerogel is an ultralight material that is obtained by replacing the liquid component of a gel source with a gas. The result obtained is solid and porous that has lesser thermal conductivity and lower density. Aerogel is available in different types such as Silica aerogel, polymer aerogel, carbon aerogel, and others. Blanket, particle, panel, and monolith are some of the form types of aerogels. Oil & gas, construction, transportation, performance coating, and many more are the industries where the use of aerogel can be found.
Their high performance and properties including superior thermal resistance and lighter and thinner nature and their environmentally friendly nature are some of the factors driving the grow of the aerogel market.
Some of the major players in the market are Aspen Aerogels, Aerogel Technologies, LLC, Aerogel Insulation India, Aerogel Uk Ltd., BASF SE, Cabot Corporation, DOW Corning, Enersens SAS, Guangdong Alison Hi-Tech, and Jios Aerogel.