Aerogel Market Size, Share & Industry Analysis, By Type (Carbon, Silica, Polymer, and Others), By Application (Automotive, Performance Coatings, Building & Construction, Oil & Gas, and Others), and Regional Forecast, 2025-2032

The global aerogel market size was valued at USD 1.12 billion in 2024. The market is projected to grow from USD 1.26 billion in 2025 to USD 3.03 billion by 2032, exhibiting a CAGR of 13.3% during the forecast period. North America dominated the aerogel market with a market share of 42.86% in 2024.

Aerogels are synthetic, ultra-light, and permeable materials derived from a gel. They are created by replacing the liquid component in the gel with gas. Silica, carbon, metal oxide, and polymers are predominantly used to manufacture aerogel blankets, monoliths, and panels. Their advantages over traditional insulation materials are expected to drive market growth. Aerogels are extremely porous, having extremely low thermal conductivity and very low in density. They are widely used for thermal insulation & acoustic applications in the automotive and building and construction industries. Aspen Aerogels, Inc., Cabot Corporation, Aerogel Technologies LLC, Nanotech Co.,Ltd., and Active Aerogels are a few major players in the market.

AEROGEL MARKET TRENDS

Heightened Focus on Sustainable Solutions is Likely to Create New Market Opportunities

The growing demand for sustainable solutions is creating substantial opportunities in the aerogel market. Aerogels are recognized for their excellent thermal insulation qualities and lightweight, which offer energy efficiency and lessen environmental impacts across various industries. Furthermore, as the regulations tighten and awareness of climate change increases, the emphasis on adopting eco-friendly materials like aerogels in the construction, automotive, and aerospace industries is heightened. It enhances energy efficiency in buildings, reduces fuel usage in vehicles, and improves performance in aerospace applications. This trend positions aerogels as essential solutions in achieving global sustainable development goals.

Request a Free sample to learn more about this report.

MARKET DYNAMICS

MARKET DRIVERS

Rise In The Need For Aerogel In The Oil And Gas Sector Is Expected To Drive The Market Growth

An increase in the demand for aerogel within the oil and gas industry is anticipated to propel the expansion of the market throughout the forecast period. In the oil and gas sector, aerogel blankets are utilized to improve insulation for deep-sea pipe-in-pipe oil and gas pipelines. They can be installed swiftly and easily, resulting in savings for fabricators and installers and offering multiple advantages such as extended cool-down durations, consistent life-of-field U-values, reduced capital costs, and minimized risk. They possess high durability and are resistant to severe environmental conditions, including moisture, corrosion, and chemical exposure, which are prevalent in oil and gas activities. This resilience guarantees that the insulation remains effective for longer durations, decreasing the need for frequent maintenance or replacement. By delivering dependable insulation, aerogels not only safeguard pipelines from thermal damage but also improve the overall safety of operations. Decreased maintenance downtime and fewer repairs result in increased productivity and cost efficiency, rendering aerogel a valuable resource in the oil and gas industry.

MARKET RESTRAINTS

High Cost of Production May Hinder Market Growth

One of the key elements impacting the market expansions of the aerogels is the elevated production costs. The elevated expense of silica aerogels arises from the high costs of raw materials (for alkoxide-based precursor substances), complex method techniques (solvent exchange stages, prolonged reaction durations constrained by diffusion), and the setup of relatively limited production capacities by firms. Aerogel materials demand extensive research and development, contributing to the overall expense of the process. Aerogel substances are produced through synthetic methods, which are not very adaptable. The production of aerogels requires an advanced facility because of the highly specialized manufacturing processes. Supercritical drying represents the priciest phase in the aerogel production process.

MARKET OPPORTUNITIES

Expanding Applications in Aerospace Applications is Creating Lucrative Opportunities

Aerogels are mostly utilized in spacecraft and aircraft because of their outstanding thermal insulation and capacity to absorb kinetic energy. Due to their low weight and robustness, they are perfect for applications where weight reduction and thermal protection are paramount. They can be used to shield spacecraft from severe temperature changes, particularly during launch and reentry. They can also be used to insulate cryogenic tanks, feedlines, aircraft engine nacelles, and other delicate parts. Accelerating use in aerospace applications is anticipated to create lucrative opportunities for aerogel market

IMPACT OF COVID-19

The COVID-19 pandemic significantly impacted the market, primarily due to disruptions in supply chains and changes in consumer behavior. Initially, there was a surge in demand for aerogels in automotive and oil & gas, driving a short-term increase in the need for aerogels. However, economic slowdowns and reduced manufacturing activities in several industries, including automotive and construction, led to a decline in overall demand. The pandemic also accelerated trends toward sustainability, influencing the development and use of eco-friendly and bio-based aerogels.

SEGMENTATION ANALYSIS

By Type

Silica Segment Accounted for the Majority Share Due to its Low-density and Superior Insulating Properties

By type, the market is segregated into carbon, silica, polymer, and others.

The silica segment held the leading global aerogel market share in 2024, driven by increasing demand from end-use sectors such as aerospace, oil and gas, chemicals, and automotive, which require low-density materials with excellent insulating properties. Silica aerogels were used by NASA on the Stardust spacecraft to collect extraterrestrial particles and trap dust particles onboard. In addition, increasing use of silica aerogel in imaging devices, light guides, and optical devices is driving market growth.

When polymers are created in a solid form, they possess mechanical strength and, consequently, often forfeit certain advantages that silica provides, including transparency and reduced thermal conductivity. They find its vast applications in defense, electronics, and construction sectors. Thus, the superior chemical and physical advantages over silica aerogels is expected to drive the

demand for polymer aerogels globally throughout the forecast period.

The expansion of the carbon segment can be linked to the increasing use in energy storage applications. They possess high mass-specific surface areas along with electrical conductivity and provide outstanding environmental compatibility. Their low chemical inertness makes them favorable materials for distillation, catalysis, and energy storage applications.

By Application

To know how our report can help streamline your business, Speak to Analyst

Aerogels Are Utilized In the Oil And Gas Sector For Their Outstanding Thermal Insulation Characteristics

Based on application, the market for aerogels is segmented into automotive, performance coatings, building & construction, oil & gas and others.

The oil & gas segment held the highest share of the global market in 2024 and is estimated to record a significant growth rate during the forecast period. Aerogels are extremely porous substances recognized for their light weight, exceptional thermal insulation properties, and remarkable structural strength. These attributes are invaluable in the oil and gas industry, where effective thermal control is essential for drilling, transportation, and refining activities. The capacity of aerogels to endure high temperatures while offering insulation contributes to minimizing energy usage and enhancing safety in oil and gas operations.

Construction sector is experiencing considerable growth. Aerogels are being utilized frequently in the construction sector, mainly due to their remarkable thermal insulation characteristics, lightweight composition, and possibilities for energy conservation and sustainability. They can be used in soundproofing, fireproofing, and for insulation to improve the energy efficiency of buildings, whether in newly built structures or in the refurbishment of existing ones.

Aerogel's distinct characteristics, particularly its outstanding thermal insulation and lightweight properties, render it important in automotive uses, especially for electric vehicles, where it aids in regulating battery temperatures, enhancing safety, and possibly boosting fuel efficiency. Aerogels can substitute heavier, larger insulation materials in different vehicle parts, further aiding in weight decrease. They can serve as an acoustic dampener, lessening noise levels in the vehicle interior. All these factors are propelling the use of aerogel in automotive applications.

The increasing emphasis on sustainability and energy efficiency propels the acceptance of aerogel-based performance coatings. As sectors aim to lessen their carbon emissions, integrating aerogels into coatings corresponds with these objectives by decreasing energy usage in heating and cooling contexts. Furthermore, improvements in aerogel manufacturing methods are rendering these materials more affordable and attainable, promoting their application in a wider variety of uses.

AEROGEL MARKET REGIONAL OUTLOOK

Based on region, the market is segmented into Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.

North America

To get more information on the regional analysis of this market, Request a Free sample

The North America aerogel market was valued at USD 0.48 billion in 2024. U.S. plays a crucial role in the regional market's recent advancements, driven by heightened environmental awareness among the public and a growing emphasis on minimizing carbon footprints to combat pollution and global warming. In addition, the rising acquisition of electronics and different smart devices in country is fueling the market's advancement. Furthermore, the growing demand for electric vehicles (EVs) in U.S. as an eco-friendly alternative to fuel-based cars is aiding in the regional market growth.

To know how our report can help streamline your business, Speak to Analyst

Europe

The Europe aerogel market is experiencing considerable growth fueled by strict energy efficiency regulations, sustainability objectives, and progress in material science. The European Union's emphasis on lowering carbon emissions and meeting sustainability goals has enhanced the uptake of aerogel due to its lightweight, energy-efficient, and eco-friendly characteristics. The region's expanding construction industry, especially in eco-friendly building initiatives, along with rising R&D investments in aerogel manufacturing technologies, additionally facilitates market growth.

Asia Pacific

Asia Pacific has been identified as the largest consumer due to the presence of leading economies such as China and India. In addition, Asia Pacific is the global automotive manufacturing hub, and according to the International Organization of Motor Vehicle Manufacturers, the region accounted for nearly 50% of the global automotive production in 2023, with China alone contributing one-third of the global production. With such a vast production base and the usage of aerogels in automotive components, this region dominates global consumption.

Latin America and the Middle East & Africa

Latin America and the Middle East & Africa are projected to grow moderately during the assessment period. An increase in construction operations and considerable investments in major infrastructure initiatives, such as smart cities and eco-friendly buildings, is a key growth factor for the market. The excellent thermal insulating characteristics of aerogel render it a perfect material for application in energy-efficient structures, assisting in fulfilling the rising demand for sustainable and energy-efficient building solutions in these areas.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Companies Focus on Collaborations to Enhance R&D Efforts and Strengthen Position

Leading manufacturers in North America and Europe are expanding their reach in various countries to strengthen their position in the market. Key players in the market have developed strong regional presence by adopting technology advancements, effective distribution channels, and innovative product offerings.

Major market players are engaged in research and development to produce a superior quality advanced materials. Furthermore, the companies are now promoting strategic partnerships and collaboration with other leading manufacturers to improve their R&D efforts. Moreover, businesses are placing significant emphasis on expanding their service area to increase market share and boost company's revenues. Major players in the market are Aspen Aerogels, Inc., Cabot Corporation, Aerogel Technologies LLC, Nanotech Co.,Ltd., and Active Aerogels.

LIST OF KEY MARKET PLAYERS PROFILED IN THE REPORT

• Aspen Aerogels Inc. (U.S.)


• Cabot Corporation (U.S.)


• Aerogel Technologies LLC (U.S.)


• The Dow Chemical Company (U.S.)


• Surnano Aerogel Co., Ltd. (China)


• Active Aerogels (Portugal)


• Shanghai Aerogelzone Technology Co., Ltd. (China)


• Enersens (France)


• TAASI Corporation (U.S.)


• Nano Tech Co., Ltd. (China)

KEY INDUSTRY DEVELOPMENTS

• November 2023: JIOS Aerogel (JIOS) launched a cutting-edge production facility in Pioneer, Singapore, aimed at developing aerogel-based technology that will enhance the efficiency and safety of electric vehicle (EV) batteries.


• May 2023: Cabot Corporation revealed the launch of its latest series of ENTERATM aerogel particles, designed to create ultra-thin thermal barriers for lithium-ion batteries utilized in electric vehicles (EVs).


• March 2023: Fibenol and Aerogel-it collaborated to create a lignin-based bio-aerogel sourced directly from the biomass of Fibenol.

REPORT COVERAGE

The research report provides both qualitative & quantitative insights on global market. The quantitative insights include market sizing in terms of value (USD Billion) across each segment and region profiled in the scope of the study. In addition, it provides market share analysis and growth rates of segments and key countries in each region. The qualitative insight covers the analysis of key market drivers, restraints, growth opportunities, and industry trends related to the market. The competitive landscape section covers detailed company profiling of the key players operating in the market.

To gain extensive insights into the market, Request for Customization

Report Scope & Segmentation