Aerogel Market Outlook 2024-2032 Growth Drivers, Segment Insights and Revenue Forecasts

According to the report, the global aerogel market was valued at $1.3 billion in 2022 and is projected to reach $7.5 billion by 2032, growing at a robust CAGR of 19.4% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/129

Market Overview:-

Key Drivers:

- Rising demand from oil & gas industry

Superior properties such as:

- Exceptional thermal resistance
- Reusability and recyclability
- Lightweight and thin-profile insulation
- High durability and fire resistance

Opportunities:

- Substitution for traditional materials like fiberglass, foam, and cellulose
- Growing demand for lightweight, protective equipment
- Increasing use in aerogel-based clothing and insulation apparel

Challenges:

- High production cost
- Relatively low mechanical strength
- Sensitivity to economic fluctuations

Impact of Russia-Ukraine Conflict:

The conflict has disrupted the aerogel supply chain, particularly affecting raw material availability and pricing, as Russia is a key aerogel producer. However, demand in Eastern Europe-especially for energy-efficient insulation in Ukraine-has surged due to rebuilding efforts and retrofitting needs.

Segment Insights:-

By Form:

- Blanket Segment dominated in 2022, holding over 50% of the market share. Widely used in aerospace applications, aerogel blankets provide protection from extreme temperatures in satellites and spacecraft.

- Particle Segment is projected to grow at the highest CAGR of 19.84%, driven by its integration into building materials like concrete and plaster to enhance insulation.

By Type:

- Silica Aerogels led the market in 2022 and are expected to retain dominance through 2032. Their applications span aerospace, construction insulation, and cryogenics.

- Carbon Aerogels are forecast to register the highest CAGR of 19.91%, owing to their rising use in gas sensors due to high surface area and porosity.

By End-Use Industry:

- Oil & Gas was the leading segment in 2022, driven by cryogenic applications such as LNG transport and storage.

- Automotive Sector is expected to expand at the fastest CAGR of 20.28%, leveraging aerogel's insulation performance in lightweighting and thermal management.

Regional Outlook:

- North America held the largest revenue share in 2022, contributing over 40% of the global market, supported by robust adoption in the oil & gas industry.

- Europe is projected to experience the fastest growth, with a CAGR of 19.78%, fueled by the automotive industry's increasing use of aerogels in exhaust and engine insulation.

Key Market Players

- Armacell
- Active Aerogels
- Aerogel Technologies, LLC
- Cabot Corporation
- Aspen Aerogels, Inc.
- BASF SE
- DOW
- Svenska Aerogel AB
- ThermaBlok Aerogels Limited
- Guangdong Alison Hi-Tech Co., Ltd.

These players are actively focusing on strategies like product innovation, partnerships, geographic expansion, and R&D investments to strengthen their market position and cater to evolving industry demands.

Obtain Report Details: https://www.alliedmarketresearch.com/aerogel-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.