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  • Aerogel Market Analysis | 2022-2028

    Aerogel Market Analysis | 2022-2028

    Aerogel Market Analysis | 2022-2028
    Report code - SRAM259 Delivery - 2 Weeks
    Aerogel Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
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    Market Insights

    "The 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.

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    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.

    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:

    • Aspen Aerogels
    • Aerogel Technologies, LLC
    • Aerogel Insulation India
    • Aerogel Uk Ltd.
    • BASF SE
    • Cabot Corporation
    • DOW Corning
    • Enersens SAS
    • Guangdong Alison Hi-Tech
    • Jios Aerogel 

    Segment Analysis

    Based on 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 market during 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

    "The blanket segment accounted for 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 share of 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 for the 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 value, during the forecast period. Superior thermal resistance and reduced thickness of aerogel materials reflect their huge potential for growth in the oil & gas applications, where insulation is of supreme importance.  

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    Regional Insights

    "North America accounted for the 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 & 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.

    Report Features

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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

     

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    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

     

    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)

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the 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

    General Frequently Asked Questions (FAQs)

    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.

    Aerogel market is likely to witness an impressive CAGR of 10.21% during 2022-2028.

    North America is expected to maintain its dominance during the forecast period

    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.

    The size of the aerogel market is expected to reach USD 1500.82 million by 2028.