PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762513
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762513
The global aerogel market size is expected to reach USD 4,886.36 million by 2034, according to a new study by Polaris Market Research. The report "Aerogel Market Size, Share, Trends, Industry Analysis Report: By Technology, By Product (Silica, Polymer, Carbon, and Others), By Form, By End Use, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global aerogel market is experiencing growth as industries are increasingly demanding high-performance materials that offer superior insulation and environmental efficiency. Silica-based aerogels are capturing significant attention across oil & gas applications, especially in deep-sea pipeline insulation. Their low thermal conductivity and water-repelling characteristics make them suitable for exploration activities in challenging and high-risk environments. Companies like Armacell are strategically expanding production capacities and introducing advanced aerogel solutions tailored to subsea requirements, reinforcing their position in the energy sector. These developments align with industry goals to minimize operational risks and optimize thermal efficiency, especially as global energy demand continues to surge.
In the construction sector, aerogels are gaining traction as next-generation insulation materials capable of addressing modern energy efficiency challenges. Their ability to deliver superior thermal insulation while remaining lightweight and flexible makes them particularly suitable for building retrofits and energy-efficient designs. As urban infrastructure ages and sustainability targets intensify, governments are incentivizing the use of high-performance materials. For example, initiatives such as the European Union's Renovation Wave are designed to accelerate the adoption of advanced insulation solutions. This policy-driven demand is pushing construction firms and material suppliers to integrate aerogels into energy-saving frameworks, thereby strengthening their position in the green building ecosystem.
Meanwhile, the automotive and aerospace sectors are rapidly promoting aerogels for their role in improving thermal management and reducing overall weight. These attributes are critical in electric vehicles (EVs) and aircraft, where performance and efficiency are important. Aerogels are being integrated into EV battery packs to mitigate thermal runaway and enhance passenger safety, while aerospace manufacturers use them for thermal insulation in extreme flight conditions. As clean mobility and advanced aviation technologies continue to evolve, aerogel adoption is expected to expand, unlocking new growth avenues in these innovation-driven industries.
In terms of technology, the supercritical drying segment held the largest market share in 2024 due to its ability to produce aerogels with high porosity, superior thermal insulation, and structural integrity suitable for demanding applications.
Based on end use, the automotive segment is expected to witness the highest growth rate due to the increasing adoption of aerogels in EV battery thermal management systems, driven by the shift toward lightweight, energy-efficient materials.
North America accounted for the largest share of the global market in 2024 due to robust demand across aerospace, automotive, and oil & gas industries, along with strong R&D investments and the presence of key manufacturers.
Asia Pacific is expected to witness the fastest growth during the forecast period due to rising industrialization, infrastructure development, and growing adoption of energy-efficient insulation materials across sectors like construction, automotive, and oil & gas.
A few of the global key market players are Active Aerogels, LDA; Aerogel Technologies, LLC; Armacell International S.A.; Aspen Aerogels, Inc.; Cabot Corporation; Dow Inc.; ENERSENS; Guangdong Alison Hi-Tech Co., Ltd; Nano Technology Co., Ltd.; Svenska Aerogel AB; TAASI Corporation; and Thermablok Aerogels Ltd.
Polaris Market Research has segmented the aerogel market report on the basis of technology, product, form, end use, and region:
By Technology Outlook (Revenue, USD Million, 2020-2034)
Supercritical Drying
Array Technology
Others
By Product Outlook (Revenue, USD Million, 2020-2034)
Silica
Polymer
Carbon
Others
By Form Outlook (Revenue, USD Million, 2020-2034)
Blanket
Particle
Panel
Monolith
By End Use Outlook (Revenue, USD Million, 2020-2034)
Oil & Gas
Building & Construction
Automotive
Aerospace
Industrial Coating
Others
By Regional Outlook (Revenue, USD Million, 2020-2034)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America