PUBLISHER: Roots Analysis | PRODUCT CODE: 1771405
PUBLISHER: Roots Analysis | PRODUCT CODE: 1771405
As per Roots Analysis, the global aerogel market size is estimated to grow from USD 1.34 billion in the current year to USD 6.56 billion by 2035, at a CAGR of 15.56% during the forecast period, till 2035.
The opportunity for aerogel market has been distributed across the following segments:
Type of Product
Type of Form
Areas of Application
Type of Technology
Type of Distribution Channel
Type of Distribution Channel
Geographical Regions
Aerogel is a solid with a highly porous structure and the smallest particle size ever found. The final product is a semi-solid material characterized by its low density and a range of distinctive properties. One of the important features of aerogel is its ability to function as an excellent thermal insulator. It is described as a dense or thick blue smoke due to how it scatters light. Although it is solid, it is incredibly lightweight and extremely porous, along with having low thermal conductivity, which makes it an exceptional choice for insulation. Further, aerogel is recyclable, highlighting its environmentally friendly characteristics and cost efficiency.
The high production costs and limited mechanical strength may pose challenges to market expansion, however, the integration of aerogel into applications like clothing, energy production, and agriculture could enhance its growth. As a result of these attributes, the aerogel market is expected to grow at a healthy rate during the forecast period.
Based on type of product, the global aerogel market is segmented into alumina, carbon, polymers, silica and others. According to our estimates, currently, silica segment captures the majority share of the market. This can be attributed to their effective chemical properties and potential applications across various technological fields. As nanostructured materials, these gels possess high specific surface areas, enhanced porosity, low density, decreased dielectric constant, and superior heat insulation characteristics.
Conversely, it is important to note that the carbon segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period, driven by the growing use of carbon aerogels in energy storage solutions.
Based on type of form, the aerogel market is segmented into blanket, block, monolith, panel, particle and powder. According to our estimates, currently, blanket aerogel segment captures the majority of the market. This can be attributed to the effectiveness of aerogel in offering thermal insulation for buildings as well as apparel, owing to its insulating qualities, high breathability, water resistance, low dust emission, and minimal powdering.
However, particle segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to its superior chemical and physical properties compared to blanket aerogels. These products find applications in various industries, including defense, electronic substrates, building and construction, transport interiors, and antennas.
Based on area of application, the aerogel market is segmented into aerospace, automotive, construction, daylighting & LVHS, marine, oil & gas, performance & coating, transportation and others. According to our estimates, currently, oil & gas segment captures the majority share of the market. This can be attributed to the applications of aerogel in enhancing the insulation of deep-sea pipes and oil and gas pipelines, which helps lower production costs, increases pipeline compression resistance, and diminishes steel usage in construction. Moreover, characteristics such as hydrophobicity, mechanical strength, and outstanding thermal performance are anticipated to further boost market growth.
However, the construction sector is expected to experience the highest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to the use of aerogels in the form of blankets, boards, and renders within the construction industry to aid in the preservation of heritage structures.
Based on type of technology, the aerogel market is segmented into additive manufacturing (3D printing), ambient pressure drying, chemical vapor deposition (CVD), freeze drying and supercritical drying. According to our estimates, currently, supercritical drying segment captures the majority share of the market. This can be attributed to its capability to maintain three-dimensional pore structures. This characteristic results in unique attributes such as high porosity, low density, and extensive surface areas of aerogels. The supercritical drying process is applied in scaling laboratory drying operations to pilot and industrial levels.
Based on type of distribution channel, the aerogel market is segmented into direct sales, distributors & resellers and online sales. According to our estimates, currently, direct sales segment captures the majority share of the market. This can be attributed to its efficiency in fostering robust relationships between manufacturers and end-users, especially in sectors with significant volume demands.
However, the online sales segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to the rising trend of e-commerce coupled with the increasing need for aerogel products across various industries.
Based on type of enterprise, the aerogel market is segmented into large and small and medium enterprise. According to our estimates, currently, large enterprise segment captures the majority share of the market. However, the small and medium enterprise segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period.
Based on geographical regions, the aerogel market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to the significant demand from sectors like aerospace, construction, automotive, and oil & gas aerogel applications.
The report on the aerogel market features insights on various sections, including:
4.2.2. Currency Coverage