Aerogels Market To Reach USD 4,103 million By 2031 | Cabot Corporation (U.S.), Aerogel Technologies LLC (U.S.)

Market Overview

The global aerogel market size was valued at USD 1,096 million in 2022. It is projected to reach USD 4,103 million by 2031, growing with a CAGR of 15.8%

Market Dynamics

The aerogels market is estimated for 2023 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Rising demand from construction industry for superior insulated materials as well as increasing uptake in oil and gas industry for hydrocarbon separation are expected to drive the market growth over the forecast period. The superior insulation properties of aerogels make them ideal candidates for construction applications to improve energy efficiency in buildings. Furthermore, growth of oil and gas industry is also anticipated to boost adoption of aerogel materials for separation of oil and gas mixtures.

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Rising demand from aerospace industry

The aerospace industry is increasingly adopting aerogels due to their superior insulation properties. Aerogels can withstand high temperatures without catching fire or decomposing, making them suitable for insulation in aircrafts and spacecrafts. Their high resistance to moisture and low thermal conductivity helps maintain optimal cabin temperatures. Leading aircraft manufacturers like Boeing and Airbus are using aerogel-based acoustic insulation panels, seat cushions, cargo holds and other components. The growing commercial aviation sector and space exploration activities are driving demand for aerogel use in these end-use industries.

Growth of 3D printing

3D printing has opened up new application areas for aerogels where their unique properties can be leveraged. Their high porosity and low weight makes aerogels suitable as print support materials. Researchers are investigating techniques to 3D print aerogel structures with tunable densities. This will allow complex aerogel shapes to be created for specialized insulation needs. 3D printing also reduces manufacturing limitations and waste compared to traditional fabrication methods. The innovations in 3D printing and its rising demand across industries present an promising opportunity to drive novel product development and market expansion for aerogel producers.

Increased focus on energy efficiency

With greater environmental awareness and concerns over carbon emissions, industries and governments are implementing stringent regulations regarding energy efficiency. There is a heightened focus on utilizing green materials and technologies for construction, automotive and manufacturing sectors that can optimize thermal insulation, reduce heating/cooling costs and lower energy consumption. Aerogels meet these sustainability criteria through their ultra-low thermal conductivity. More companies are expected to adopt aerogels to improve overall energy performance of buildings, vehicles, home appliances and industrial equipment. Compliance to emerging eco-friendly standards will propel the aerogels industry forward in the coming years.

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Top Companies Featured in This Report:

★ Cabot Corporation (U.S.)
★ Aerogel Technologies LLC (U.S.)
★ Nano High-Tech Co. Ltd. (China)
★ Guangdong Alison Hi-Tech Co. Ltd. (China)
★ Active Aerogels (Portugal)
★ Enersens SAS (France)
★ JIOS Aerogel Corporation (South Korea)
★ BASF SE (Germany).

Market Segmentation:

By Product Type:
★ Silica
★ Polymer
★ Carbon
★ Graphene
★ Organic
★ Alumina
★ Blanket
★ Particle
★ Panel
★ Monolith
★ Virgin Aerogel
★ Fabricated Aerogel

By Applications:
★ Adsorption agent
★ Catalyst
★ Thickening agent
★ Thermal Insulator
★ To trap space dust
★ Water purification
★ Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Aerogels Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Aerogels market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Aerogels market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Aerogels market.
Segment Analysis: Examining the market value and sales volume of Aerogels by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Aerogels market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Aerogels sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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This release was published on openPR.