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Strong Growth Ahead: Aerogel Market Size To Grow At Arecord 15.9% Cagr By 2029
The Aerogel Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Aerogel Market Size Expected to Be by 2034?
In recent times, the aerogel market has achieved swift expansion. The expansion estimates show a surge from $1.48 billion in 2024 to $1.75 billion in 2025, with a compound annual growth rate (CAGR) of 18.7%. The substantial growth in the historical span is the result of advancements in the aerospace sector, initiatives towards energy efficiency, an uptick in demand within the oil and gas industry, uses in healthcare and medicine, and the broadening scope in electronics and consumer goods.
In the coming years, the aerogel market is predicted to experience a swift expansion. The market is projected to reach a value of $3.17 billion by 2029, with a compound annual growth rate (CAGR) of 15.9%. Factors contributing to this projected growth include adoption in the oil and gas industry, advances in materials science, applications in environmental remediation, uses in the medical and healthcare sectors, as well as automotive lightweighting. The period of forecast will likely see trends such as an increasing focus on sustainability, progress in manufacturing technologies, utilization in energy storage systems, the emergence of clear aerogels, and innovative healthcare applications.
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What Are the Emerging Segments Within the Aerogel Market?
The aerogel market covered in this report is segmented -
1) By Type: Silica, Polymers, Carbon, Other Types
2) By Form: Blanket, Particle, Panel, Monolith
3) By End-Use: Oil And Gas, Building And Construction, Automotive, Aerospace And Marine, Performance Coatings, Other End-Users
Subsegments:
1) By Silica: Open-Cell Silica Aerogels, Closed-Cell Silica Aerogels
2) By Polymers: Polyimide Aerogels, Epoxy Aerogels
3) By Carbon: Carbon Aerogels, Graphene Aerogels
4) By Other Types: Metal Oxide Aerogels, Hybrid Aerogels
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What Long-Term Drivers Are Shaping Aerogel Market Trends?
Anticipated expansion in the construction sector over the upcoming years is projected to stimulate the aerogel market's growth. The construction industry revolves around the creation, maintenance of building sites, infrastructure, and a range of physical structures. It involves a series of activities such as project planning, designing, financing, and execution. Aerogels, due to their superb heat insulation properties coupled with their high porosity and lightweight nature, are employed in the construction industry to heighten energy efficiency and architectural insulation. For instance, data from the Office for National Statistics, a UK non-ministerial body responsible for compiling and presenting national, regional, and local socio-economic data, revealed in November 2023 that overall new construction work surged by £18.16 billion ($19.89 billion) in 2022, seeing an increase of 16.8% and 13.1% in both private and public new constructions respectively. Consequently, the escalating demand within the construction industry propels the aerogel market.
Who Are the Top Competitors in Key Aerogel Market Segments?
Major companies operating in the aerogel market report are BASF SE, The Dow Chemical Company, Evonik Industries AG, Cabot Corporation, Alkegen, Armacell International S.A, Aspen Aerogels Inc., Nano High-Tech Co. Ltd., Aerosafe Global, Blueshift Materials Inc., Solarcore, Svenska Aerogel Holding AB, ENERSENS, Green Earth Aerogel Technologies, TAASI Corporation, Guangdong Alison Hi-Tech Co. Ltd., Aerogel Technologies LLC, Active Aerogels, Thermablok Aerogels Ltd., THERMULON LTD
What Aerogel Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the aerogel market are emphasizing innovation, specifically in products like aerogel particles designed for use in lithium-ion battery thermal barriers. Aerogel particles are a type of material made from gel, where the liquid part is replaced with gas, producing a solid known for its extremely low density and thermal conductivity. As an example, in May 2023, Cabot Corporation, an American-based company specializing in performance and specialty chemicals, introduced the ENTERA aerogel particle range. The ENTERA aerogel particles serve as a thermal insulation additive that facilitates the manufacturing of ultra-thin heat barriers for electric vehicle (EV) lithium-ion batteries. The portfolio offered by Cabot includes three types of ENTERA aerogel materials that can be combined to create varying forms of thermal barriers, such as blankets, cushions, sheets, films, foams, and coatings. The ENTERA aerogel particle range by Cabot includes ENTERA EV5200 aerogel, ENTERA EV5400 aerogel, and ENTERA EV5800 aerogel, available in sizes from microns to millimeters. Cabot's ENTERA aerogel is also around 20 times lighter than the standard insulation additives used in thermal barriers, given its over 90% air content.
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Which Regions Are Becoming Hubs for Aerogel Market Innovation?
North America was the largest region in the aerogel market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerogel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aerogel Market?
2. What is the CAGR expected in the Aerogel Market?
3. What Are the Key Innovations Transforming the Aerogel Industry?
4. Which Region Is Leading the Aerogel Market?
Why This Report Matters:
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