Aerogel Market, By Product, By Technology, By Form, By End-use Industry, By Geography

Description

Aerogel Market is estimated to be valued at USD 1.33 Bn in 2025 and is expected to reach USD 3.71 Bn by 2032, growing at a compound annual growth rate (CAGR) of 15.8% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 1.33 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	15.80%	2032 Value Projection:	USD 3.71 Bn

The global aerogel market represents one of the most promising segments within the advanced materials industry, driven by the exceptional properties of aerogels as ultra-lightweight, highly porous materials with remarkable thermal insulation capabilities. Often referred to as frozen smoke due to their translucent appearance and extremely low density, aerogels are composed of up to 99.8% air by volume while maintaining solid structural integrity.

Market Dynamics

The global aerogel market is primarily driven by escalating demand for superior thermal insulation materials across the construction and industrial sectors, where energy efficiency regulations and sustainability mandates are becoming increasingly stringent. The construction industry's shift toward green building practices and zero-energy buildings has significantly boosted aerogel adoption for wall insulation, roofing systems, and HVAC applications due to their exceptional thermal performance and space-saving characteristics.

Additionally, the oil and gas sector's requirement for high-performance insulation in pipelines, subsea applications, and LNG facilities continues to drive substantial market growth, particularly as operations expand into extreme environments where conventional insulation materials prove inadequate.

Key Features of the Study

This report provides in-depth analysis of the global aerogel market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aerogel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Aspen Aerogels, Inc., Cabot Corporation, BASF SE, Dow Inc., Aerogel Technologies, LLC, Greene Tweed, BASF SE, Nanoledge, Armacell International S.A., Insulon, LLC, Jios Aerogel, Thomas Swan & Co. Ltd., Gelsystems, LLC, AeroAggregates, and SABIC
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aerogel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aerogel market

Market Segmentation

Product Insights (Revenue, USD Bn, 2020 - 2032)
- Silica
- Polymers
- Carbon
- Others
Technology Insights (Revenue, USD Bn, 2020 - 2032)
- Supercritical Drying
- Others
Form Insights (Revenue, USD Bn, 2020 - 2032)
- Blanket
- Particle
- Panel
- Monolith
End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
- Oil & Gas
- Building & Construction
- Automotive, Aerospace & Marine
- Performance Coatings
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Aspen Aerogels, Inc.
- Cabot Corporation
- BASF SE
- Dow Inc.
- Aerogel Technologies, LLC
- Greene Tweed
- BASF SE
- Nanoledge
- Armacell International S.A.
- Insulon, LLC
- Jios Aerogel
- Thomas Swan & Co. Ltd.
- Gelsystems, LLC
- AeroAggregates
- SABIC

Product Code: CMI8421

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Aerogel Market, By Product
- Global Aerogel Market, By Technology
- Global Aerogel Market, By Form
- Global Aerogel Market, By End-use Industry
- Global Aerogel Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Aerogel Market, By Product, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Silica
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Polymers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Carbon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Aerogel Market, By Technology, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Supercritical Drying
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Aerogel Market, By Form, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Blanket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Particle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Panel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Monolith
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Aerogel Market, By End-use Industry, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Automotive, Aerospace & Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Performance Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

8. Global Aerogel Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

Aspen Aerogels, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cabot Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dow Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aerogel Technologies, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Greene Tweed
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nanoledge
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Armacell International S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Insulon, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Jios Aerogel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Thomas Swan & Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Gelsystems, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AeroAggregates
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SABIC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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