Aerogel Global Market Report 2024

Description

Aerogels are a category of lightweight and highly porous materials derived from a gel, in which the liquid component is replaced with a gas. This transformation results in a substance with extremely low density and exceptional thermal insulating properties, as well as structural versatility. Aerogels hold promise for various medical applications, including drug delivery systems and wound dressings, due to their biocompatibility and porosity.

The primary types of aerogels include silica, polymers, carbon, and others. Silica, commonly known as silicon dioxide (SiO2) and found in various forms such as sand, quartz, and flint, boasts diverse applications owing to its unique characteristics. Silica aerogel is anticipated to replace conventional insulating materials across various sectors. Aerogels are categorized into different forms such as blankets, particles, panels, and monoliths, and find use in industries such as oil and gas, building and construction, automotive, aerospace, marine, performance coatings, and others.

The aerogel market research report is one of a series of new reports from The Business Research Company that provides aerogel market statistics, including aerogel industry global market size, regional shares, competitors with a aerogel market share, detailed aerogel market segments, market trends and opportunities, and any further data you may need to thrive in the aerogel industry. This aerogel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aerogel market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 18.8%. Historical growth can be attributed to advancements in the aerospace industry, energy efficiency initiatives, increased demand in the oil and gas sector, applications in medical and healthcare fields, and expansion in electronics and consumer goods.

The aerogel market size is expected to see rapid growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. Forecasted growth can be attributed to the adoption of aerogels in the oil and gas industry, advancements in materials science, applications in environmental remediation, medical and healthcare sectors, and lightweighting in automotive manufacturing. Major trends in the forecast period include a heightened focus on sustainability, advancements in manufacturing technologies, integration into energy storage systems, the emergence of transparent aerogels, and innovations in healthcare applications.

The anticipated growth in the construction industry is poised to drive expansion in the aerogel market in the upcoming years. The construction sector encompasses activities related to the establishment and upkeep of construction sites, infrastructure, and various physical structures, involving tasks such as project planning, design, financing, and execution. Aerogels find application in construction as lightweight insulation materials, enhancing energy efficiency and architectural insulation due to their low thermal conductivity and high porosity. For example, in November 2023, the Office for National Statistics reported a £18.16 billion ($19.89 billion) increase in overall new construction work in 2022, with private and public new construction experiencing rises of 16.8% and 13.1%, respectively. Hence, the burgeoning demand in the construction industry is a driving force behind the aerogel market's growth.

Prominent companies in the aerogel market are concentrating on innovative products, such as aerogel particles designed for use in thermal barriers for lithium-ion batteries. Aerogel particles, derived from gels where the liquid component is replaced by gas, exhibit exceptionally low density and thermal conductivity. For instance, in May 2023, Cabot Corporation introduced the ENTERA aerogel particle portfolio, serving as a thermal insulation additive for creating ultra-thin heat barriers in electric vehicle (EV) lithium-ion batteries. The portfolio comprises three ENTERA aerogel materials - ENTERA EV5200, ENTERA EV5400, and ENTERA EV5800 - offered in various sizes from microns to millimeters. These aerogel particles are notably up to 20 times lighter than conventional insulation additives, with over 90% air content.

In May 2021, KRAHN Chemie GmbH secured distribution rights for additives in Italy and Poland from Svenska Aerogel Holding AB, marking a strategic partnership aimed at providing customers access to specialized products. This collaboration enhances Krahn Chemie's product portfolio and underscores its commitment to meeting diverse customer needs. Svenska Aerogel Holding AB specializes in the production of aerogel material and is based in Sweden.

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

North America was the largest region in the aerogel market in 2023. 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.

The countries covered in the aerogel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The aerogel market consists of sales of starch aerogel, resorcinol formaldehyde aerogel, titania aerogel, alumina aerogel, and alginate aerogel. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Aerogel Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aerogel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for aerogel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aerogel market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

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
Companies Mentioned: BASF SE; The Dow Chemical Company; Evonik Industries AG; Cabot Corporation; Alkegen
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16360

1. Executive Summary

2. Aerogel Market Characteristics

3. Aerogel Market Trends And Strategies

4. Aerogel Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Aerogel Market Size and Growth

5.1. Global Aerogel Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Aerogel Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Aerogel Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Aerogel Market Segmentation

6.1. Global Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Silica
Polymers
Carbon
Other Types
6.2. Global Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Blanket
Particle
Panel
Monolith
6.3. Global Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil And Gas
Building And Construction
Automotive, Aerospace And Marine
Performance Coatings
Other End-Users

7. Aerogel Market Regional And Country Analysis

7.1. Global Aerogel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Aerogel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Aerogel Market

8.1. Asia-Pacific Aerogel Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Aerogel Market

9.1. China Aerogel Market Overview
9.2. China Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Aerogel Market

10.1. India Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Aerogel Market

11.1. Japan Aerogel Market Overview
11.2. Japan Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Aerogel Market

12.1. Australia Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Aerogel Market

13.1. Indonesia Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Aerogel Market

14.1. South Korea Aerogel Market Overview
14.2. South Korea Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Aerogel Market

15.1. Western Europe Aerogel Market Overview
15.2. Western Europe Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Aerogel Market

16.1. UK Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Aerogel Market

17.1. Germany Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Aerogel Market

18.1. France Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Aerogel Market

19.1. Italy Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Aerogel Market

20.1. Spain Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Aerogel Market

21.1. Eastern Europe Aerogel Market Overview
21.2. Eastern Europe Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Aerogel Market

22.1. Russia Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Aerogel Market

23.1. North America Aerogel Market Overview
23.2. North America Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Aerogel Market

24.1. USA Aerogel Market Overview
24.2. USA Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Aerogel Market

25.1. Canada Aerogel Market Overview
25.2. Canada Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Aerogel Market

26.1. South America Aerogel Market Overview
26.2. South America Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Aerogel Market

27.1. Brazil Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Aerogel Market

28.1. Middle East Aerogel Market Overview
28.2. Middle East Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Aerogel Market

29.1. Africa Aerogel Market Overview
29.2. Africa Aerogel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Aerogel Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Aerogel Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Aerogel Market Competitive Landscape And Company Profiles

30.1. Aerogel Market Competitive Landscape
30.2. Aerogel Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. The Dow Chemical Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Evonik Industries AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Cabot Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Alkegen
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Aerogel Market Other Major And Innovative Companies

31.1. Armacell International S.A
31.2. Aspen Aerogels Inc.
31.3. Nano High-Tech Co. Ltd.
31.4. Aerosafe Global
31.5. Blueshift Materials Inc
31.6. Solarcore
31.7. Svenska Aerogel Holding AB
31.8. ENERSENS
31.9. Green Earth Aerogel Technologies
31.10. TAASI Corporation
31.11. Guangdong Alison Hi-Tech Co. Ltd.
31.12. Aerogel Technologies LLC
31.13. Active Aerogels
31.14. Thermablok Aerogels Ltd.
31.15. THERMULON LTD

32. Global Aerogel Market Competitive Benchmarking

33. Global Aerogel Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Aerogel Market

35. Aerogel Market Future Outlook and Potential Analysis

35.1 Aerogel Market In 2028 - Countries Offering Most New Opportunities
35.2 Aerogel Market In 2028 - Segments Offering Most New Opportunities
35.3 Aerogel Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer