Global Aerogel Market - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Aerogel Market by Product (Silica, Polymer, Carbon, Others), by Application (Oil and Gas, Construction, Transportation, Performance Coating, Day Lighting and LVHS, and Others), by region (Asia-Pacific, North America, Europe, South America, Middle East, and Africa), with forecasts till 2029 (value and volume)
The global Aerogel market is valued at US$703 million in 2021. It is expected to grow at a CAGR of 10.4% during the forecast period (2022-2029).
ChemIntel360’s global Aerogel market study is a 148-page report containing in-depth analysis on historical and forecasted spending, consumption patterns in the sector, and related market dynamics such as trends, drivers, and challenges. The study offers granular value and volume data from a global, regional, applications, and end-use industry perspective.
Aerogel, also known as “frozen smoke,” is a translucent, synthetic, gel-derived, solid substance with extremely low density and excellent thermal insulating properties, making it ideal for insulation applications.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
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Key insights from the Global Aerogel report
Insights on the Product type:
Aerogel is an ultra-porous, low-density material composed of air in its microscopic pores, making it an excellent conductive insulator. The Aerogel market is segmented into Silica, Polymer, Carbon, and Others in terms of product.
The Silica Aerogel segment held the largest revenue share of 73% in the Aerogel market in 2021. Due to its low thermal conductivity and low-density, Silica Aerogel is primarily used to restrict fire spread in the building and construction sectors. It is also widely used as an insulator for refrigerators and containers, and as an absorbent in numerous chemical manufacturing industries.
The demand for Polymer Aerogel products is expected to rise significantly over the forecast period due to their advanced chemical and physical properties as compared to Silica Aerogel. The product is also expected to witness increased demand from various end-use industries such as defense, electrical and electronics, building, and construction.
Meanwhile, Carbon Aerogels are also expected to witness increased demand due to their advanced electrical conductivity, which makes them ideal for hydrogen and electrical energy storage. Electrical and electronic companies who make up most of the demand use Carbon Aerogels as electrodes in supercapacitors, rechargeable batteries, and for advanced catalyst support.
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Insights on Application:
The global Aerogel market is further segmented by applications such as Oil and Gas, Construction, Transportation, Performance Coating, Day Lighting and LVHS, and others. The report further breaks out the market size of each of these applications in terms of their volumes and values.
Oil and gas is a major application segment with Aerogel being widely used to make insulation packs for oil and gas subsea pipelines. It accounted for 63% of the market in 2021.
In the construction industry, Aerogel is used to make rigid boards, insulating plaster solutions and insulating cavity walls.
Aerogel offers many advantages in the coatings industry over other composite materials such as Polyurethane, Polyolefins, and Polystyrene, due to its low density and high porosity.
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Insights on Region
North America is the largest regional market in the production and consumption of Aerogel materials in the end-use industries such as oil and gas, automotive, marine, and aerospace due to its superior insulating properties and low thermal conductivity. It accounted for 45.8% in 2021.
Furthermore, the market is expected to witness an uptick with new product innovations and application developments in the region. For example, the rising consumer preference for hybrid and electric vehicles is expected to drive the demand for vehicle batteries where Aerogel is used for its thermal insulation and fire-retardant properties.
Europe remains the second-largest market for Aerogel globally in terms of volume over the forecast period, mainly driven by demand from Western European countries, such as Germany, the UK, France, and Sweden. Strict energy conservation regulations in oil and gas and building construction are raising the demand for advanced insulation materials, driving the need for Aerogels in the region. Moreover, Cabot Corporation, one of the major players in the global Aerogel market, operates in the region and ensures a steady supply of the product to end-use industries.
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Insights on key countries:
The U.S market was the largest in 2021 and was valued at US$171 million in 2021. Growing use of Aerogel in the construction industry would contribute to the growth of the market. In addition, increasing demand of the product in the production of insulation packs for oil and gas pipelines would drive the growth of the country.
The Chinese market was valued at US$90 million for the same year. Aerogel is utilized in the manufacture of rigid boards and insulating plaster solutions in the construction sector. In addition, robust demand of chemical in the coatings sector is expected to contribute to the growth of the Chinese market.
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Market dynamics
Trend
The use of thin polymer Aerogels in shelter applications such as insulated tents and for the renovation of historical structures, and building retrofitting, has witnessed a significant uptick over the last few years.
Drivers
Increasing demand for a lighter and thinner alternative to conventional insulation substrates such as polyurethane, mineral wool, rock wool, and stone wool, is expected to be a key driver for the market. In Aerogels, the liquid component is replaced by air, which makes it microporous, thereby lending to its higher thermal resistivity, fire-resistant, lightweight, non-toxic, and water repellent properties. This makes them ideal for use in the construction and apparel manufacturing sectors.
Opportunities
The aerospace segment is expected to remain a promising market for Aerogel manufacturers. Governments worldwide have shown a growing interest in renewable energy sources and are adopting low-weight, high-performance thermal insulation materials for their space programs.
Challenges
The cost of manufacturing Aerogel has increased over the years mainly due to the rising raw material prices and complex technological requirements.
Moreover, the product also suffers from a lack of industry awareness which may hinder the adoption of Aerogel-based products.
COVID Impact
The global Aerogel market was adversely affected by the COVID-19 pandemic due to a sudden fall in demand from major end-use industries and supply chain bottlenecks caused by border closures and strict lockdowns.
The fall in crude oil price, delay in installing new pipelines, a decline in demand from the automotive sector, and indefinite halt in construction activities globally have created much uncertainty in the market.
However, with the countries recovering from the pandemic, industrial activities have already started reaching pre-pandemic levels, which augurs well for the demand for Aerogel in the future.
Key Companies
The leading companies operating in this market are Cabot Corporation, Aspen Aerogels, Aerogel Technologies, Nano tech Co. Ltd., Armacell, BASF SE, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, and JIOS Aerogel.
Developments
In March 2019, BASF and Aspen Aerogels, signed an addendum to their exclusive supply agreement provides for the production and supply of a new non-combustible, high-performance thermal insulation product, SLENTEX.
Scope of the Report
Report Parameters |
Details |
Time period considered for the study |
2018-2029 |
Historical Period |
2018-2021 |
Forecast Period |
2022-2029 |
Units considered |
Value (USD) and Volume (Kiloton) |
Segments |
By ProductBy ApplicationBy Region |
Regions included in the study |
APAC, North America, Europe, Middle East and Africa, South America |
Companies Profiled |
Cabot Corporation, Aspen Aerogels, Aerogel Technologies, Nano tech Co. Ltd., Armacell, BASF SE, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, and JIOS Aerogel |
This research study classifies the Aerogel market on the basis of application and region.
By Product:
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Silica
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Polymer
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Carbon
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Others
By Application:
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Oil and Gas
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Construction
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Transportation
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Performance Coating
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Day Lighting and LVHS
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Others
By Region:
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APAC
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Europe
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North America
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Middle East & Africa
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South America
Objectives of the report
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To define, describe, and forecast the Aerogel market on the basis of application, product, region, and selected countries.
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To analyze and forecast the Aerogel market segments (application and product) based on major regions such as Asia-Pacific, North America, Europe, South America, and Middle East and Africa.
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To analyze and provide information on various market dynamics including trends, drivers, opportunities, and challenges, that directly or indirectly influence the market during the forecast period.
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To analyse and provide details of a competitive landscape for market leaders.
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To analyze recent developments in terms of operational and strategic changes such as new product developments, capacity expansion, alliances, joint ventures, and mergers & acquisitions in the market
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 Impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Product Analysis
3.1.1 Market overview, 2018-2029 (US$ million)
3.1.2 Market overview, 2018-2029 (kilo tons)
3.2.1 Aerogel market: Silica (US$ million)
3.2.2 Aerogel market: Silica (kilo tons)
3.3.1 Aerogel market: Polymer (US$ million)
3.3.2 Aerogel market: Polymer (kilo tons)
3.4.1 Aerogel market: Carbon (US$ million)
3.4.2 Aerogel market: Carbon (kilo tons)
3.5.1 Aerogel market: Others (US$ million)
3.5.2 Aerogel market: Others (kilo tons)
Chapter-4: Application Analysis
4.1.1 Market overview, 2018-2029 (US$ million)
4.1.2 Market overview, 2018-2029 (kilo tons)
4.2.1 Aerogel market: Oil and Gas (US$ million)
4.2.2 Aerogel market: Oil and Gas (kilo tons)
4.3.1 Aerogel market: Construction (US$ million)
4.3.2 Aerogel market: Construction (kilo tons)
4.4.1 Aerogel market: Transportation (US$ million)
4.4.2 Aerogel market: Transportation (kilo tons)
4.5.1 Aerogel market: Performance Coating (US$ million)
4.5.2 Aerogel market: Performance Coating (kilo tons)
4.6.1 Aerogel market: Daylighting and LVHS (US$ million)
4.6.2 Aerogel market: Daylighting and LVHS (kilo tons)
4.7.1 Aerogel market: Others (US$ million)
4.7.2 Aerogel market: Others (kilo tons)
Chapter-5: Regional Analysis
5.1 Market overview, 2018-2029
5.2.1 Market overview, 2018-2029 (US$ million)
5.2.2 Market overview, 2018-2029 (kilo tons)
5.3.1 Aerogel market: Asia Pacific (US$ million)
5.3.2 Aerogel market: Asia Pacific (kilo tons)
5.4.1 Aerogel market: North America (US$ million)
5.4.2 Aerogel market: North America (kilo tons)
5.5.1 Aerogel market: Europe (US$ million)
5.5.2 Aerogel market: Europe (kilo tons)
5.6.1 Aerogel market: South America (US$ million)
5.6.2 Aerogel market: South America (kilo tons)
5.7.1 Aerogel market: Middle East and Africa (US$ million)
5.7.2 Aerogel market: Middle East and Africa (kilo tons)
Chapter-6: Regional Market Analysis by Product
6.1 Aerogel regional market Product composition
6.1.1 Aerogel market: APAC Silica (US$ million)
6.1.2 Aerogel market: APAC Silica (kilo tons)
6.2.1 Aerogel market: APAC Polymer (US$ million)
5.2.2 Aerogel market: APAC Polymer (kilo tons)
6.3.1 Aerogel market: APAC Carbon (US$ million)
6.3.2 Aerogel market: APAC Carbon (kilo tons)
6.4.1 Aerogel market: APAC Others (US$ million)
6.4.2 Aerogel market: APAC Others (kilo tons)
6.5.1 Aerogel market: North America Silica (US$ million)
6.5.2 Aerogel market: North America Silica (kilo tons)
6.6.1 Aerogel market: North America Polymer (US$ million)
6.6.2 Aerogel market: North America Polymer (kilo tons)
6.7.1 Aerogel market: North America Carbon (US$ million)
6.7.2 Aerogel market: North America Carbon (kilo tons)
6.8.1 Aerogel market: North America Antioxidant Others (US$ million)
6.8.2 Aerogel market: North America Antioxidant Others (kilo tons)
6.9.1 Aerogel market: Europe Silica (US$ million)
6.9.2 Aerogel market: Europe Silica (kilo tons)
6.10.1 Aerogel market: Europe Polymer (US$ million)
6.10.2 Aerogel market: Europe Polymer (kilo tons)
6.11.1 Aerogel market: Europe Carbon (US$ million)
6.11.2 Aerogel market: Europe Carbon (kilo tons)
6.12.1 Aerogel market: Europe Others (US$ million)
6.12.2 Aerogel market: Europe Others (kilo tons)
6.13.1 Aerogel market: South America Silica (US$ million)
6.13.2 Aerogel market: South America Silica (kilo tons)
6.14.1 Aerogel market: South America Polymer (US$ million)
6.14.2 Aerogel market: South America Polymer (kilo tons)
6.15.1 Aerogel market: South America Carbon (US$ million)
6.15.2 Aerogel market: South America Carbon (kilo tons)
6.16.1 Aerogel market: South America Others (US$ million)
6.16.2 Aerogel market: South America Others (kilo tons)
6.17.1 Aerogel market: Middle East and Africa Silica (US$ million)
6.17.2 Aerogel market: Middle East and Africa Silica (kilo tons)
6.18.1 Aerogel market: Middle East and Africa Polymer (US$ million)
6.18.2 Aerogel market: Middle East and Africa Polymer (kilo tons)
6.19.1 Aerogel market: Middle East and Africa Carbon (US$ million)
6.19.2 Aerogel market: Middle East and Africa Carbon (kilo tons)
6.20.1 Aerogel market: Middle East and Africa Others (US$ million)
6.20.2 Aerogel market: Middle East and Africa Others (kilo tons)
Chapter-7: Regional Market Analysis by Application
7.1 Aerogel regional market Product composition
7.1.1 Aerogel market: APAC Oil and Gas (US$ million)
7.1.2 Aerogel market: APAC Oil and Gas (kilo tons)
7.2.1 Aerogel market: APAC Construction (US$ million)
7.2.2 Aerogel market: APAC Construction (kilo tons)
7.3.1 Aerogel market: APAC Transportation (US$ million)
7.3.2 Aerogel market: APAC Transportation (kilo tons)
7.4.1 Aerogel market: APAC Performance Coating (US$ million)
7.4.2 Aerogel market: APAC Performance Coating (kilo tons)
7.5.1 Aerogel market: APAC Day Lighting and LVHS (US$ million)
7.5.2 Aerogel market: APAC Day Lighting and LVHS (kilo tons)
7.6.1 Aerogel market: APAC Others (US$ million)
7.6.2 Aerogel market: APAC Others (kilo tons)
7.7.1 Aerogel market: North America Oil and Gas (US$ million)
7.7.2 Aerogel market: North America Oil and Gas (kilo tons)
7.8.1 Aerogel market: North America Construction (US$ million)
7.8.2 Aerogel market: North America Construction (kilo tons)
7.9.1 Aerogel market: North America Transportation (US$ million)
7.9.2 Aerogel market: North America Transportation (kilo tons)
7.10.1 Aerogel market: North America Performance Coating (US$ million)
7.10.2 Aerogel market: North America Performance Coating (kilo tons)
7.11.1 Aerogel market: North America Day Lighting and LVHS (US$ million)
7.11.2 Aerogel market: North America Day Lighting and LVHS (kilo tons)
7.12.1 Aerogel market: North America Others (US$ million)
7.12.2 Aerogel market: North America Others (kilo tons)
7.13.1 Aerogel market: Europe Oil and Gas (US$ million)
7.13.2 Aerogel market: Europe Oil and Gas (kilo tons)
7.14.1 Aerogel market: Europe Construction (US$ million)
7.14.2 Aerogel market: Europe Construction (kilo tons)
7.15.1 Aerogel market: Europe Transportation (US$ million)
7.15.2 Aerogel market: Europe Transportation (kilo tons)
7.16.1 Aerogel market: Europe Performance Coating (US$ million)
7.16.2 Aerogel market: Europe Performance Coating (kilo tons)
7.17.1 Aerogel market: Europe Day Lighting and LVHS (US$ million)
7.17.2 Aerogel market: Europe Day Lighting and LVHS (kilo tons)
7.18.1 Aerogel market: Europe Others (US$ million)
7.18.2 Aerogel market: Europe Others (kilo tons)
7.19.1 Aerogel market: South America Oil and Gas (US$ million)
7.19.2 Aerogel market: South America Oil and Gas (kilo tons)
7.20.1 Aerogel market: South America Construction (US$ million)
7.20.2 Aerogel market: South America Construction (kilo tons)
7.21.1 Aerogel market: South America Transportation (US$ million)
7.21.2 Aerogel market: South America Transportation (kilo tons)
7.22.1 Aerogel market: South America Performance Coating (US$ million)
7.22.2 Aerogel market: South America Performance Coating (kilo tons)
7.23.1 Aerogel market: South America Day Lighting and LVHS (US$ million)
7.23.2 Aerogel market: South America Day Lighting and LVHS (kilo tons)
7.24.1 Aerogel market: South America Others (US$ million)
7.24.2 Aerogel market: South America Others (kilo tons)
7.25.1 Aerogel market: Middle East and Africa Oil and Gas (US$ million)
7.25.2 Aerogel market: Middle East and Africa Oil and Gas (kilo tons)
7.26.1 Aerogel market: Middle East and Africa Construction (US$ million)
7.26.2 Aerogel market: Middle East and Africa Construction (kilo tons)
7.27.1 Aerogel market: Middle East and Africa Transportation (US$ million)
7.27.2 Aerogel market: Middle East and Africa Transportation (kilo tons)
7.28.1 Aerogel market: Middle East and Africa Performance Coating (US$ million)
7.28.2 Aerogel market: Middle East and Africa Performance Coating (kilo tons)
7.29.1 Aerogel market: Middle East and Africa Day Lighting and LVHS (US$ million)
7.29.2 Aerogel market: Middle East and Africa Day Lighting and LVHS (kilo tons)
7.30.1 Aerogel market: Middle East and Africa Others (US$ million)
7.30.2 Aerogel market: Middle East and Africa Others (kilo tons)
Chapter-8: Key Markets Analysis
8.1 Aerogel key market size composition
8.1.1 Market overview, 2018-2029 (US$ million)
8.1.2 Market overview, 2018-2029 (kilo tons)
8.2.1 Aerogel market: US, North America (US$ million)
8.2.2 Aerogel market: US, North America (kilo tons)
8.3.1 Aerogel market: Canada, North America (US$ million)
8.3.2 Aerogel market: Canada, North America (kilo tons)
8.4.1 Aerogel market: Mexico, North America (US$ million)
8.4.2 Aerogel market: Mexico, North America (kilo tons)
8.5.1 Aerogel market: Germany, Europe (US$ million)
8.5.2 Aerogel market: Germany, Europe (kilo tons)
8.6.1 Aerogel market: Italy, Europe (US$ million)
8.6.2 Aerogel market: Italy, Europe (kilo tons)
8.7.1 Aerogel market: France, Europe (US$ million)
8.7.2 Aerogel market: France, Europe (kilo tons)
8.8.1 Aerogel market: China, Asia Pacific (US$ million)
8.8.2 Aerogel market: China, Asia Pacific (kilo tons)
8.9.1 Aerogel market: India, Asia Pacific (US$ million)
8.9.2 Aerogel market: India, Asia Pacific (kilo tons)
8.10.1 Aerogel market: Japan, Asia Pacific (US$ million)
8.10.2 Aerogel market: Japan, Asia Pacific (kilo tons)
8.11.1 Aerogel market: Brazil, South America (US$ million)
8.11.2 Aerogel market: Brazil, South America (kilo tons)
8.12.1 Aerogel market: Argentina, South America (US$ million)
8.12.2 Aerogel market: Argentina, South America (kilo tons)
8.13.1 Aerogel market: Colombia, South America (US$ million)
8.13.2 Aerogel market: Colombia, South America (kilo tons)
8.14.1 Aerogel market: South Africa, Middle East and Africa (US$ million)
8.14.2 Aerogel market: South Africa, Middle East and Africa (kilo tons)
8.15.1 Aerogel market: UAE, Middle East and Africa (US$ million)
8.15.2 Aerogel market: UAE, Middle East and Africa (kilo tons)
8.16.1 Aerogel market: Saudi Arabia, Middle East and Africa (US$ million)
8.16.2 Aerogel market: Saudi Arabia, Middle East and Africa (kilo tons)
Chapter 9: Company Profile
9.1 Cabot Corporation
9.2 Aspen Aerogels
9.3 Aerogel Technologies
9.4 Nano tech Co. Ltd.
9.5 Armacell
9.6 BASF SE
9.7 Guangdong Alison Hi-Tech
9.8 Active Aerogels
9.9 Enersens
9.10 JIOS Aerogel
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Aerogel Market by Product during 2018-2029 in US$ million
Table 2: By volume: Aerogel Market by Product during 2018-2029 in kilo tons
Table 3: By value: Aerogel Market by Application during 2018-2029 in US$ million
Table 4: By volume: Aerogel Market by Application during 2018-2029 in kilo tons
Table 5: By value: Aerogel Market by region during 2018-2029 in US$ million
Table 6: By volume: Aerogel Market by region during 2018-2029 in
kilo tons
List of Figures
Figure 1: By value: Aerogel market segment share during 2018-2029 in %
Figure 2: By volume: Aerogel market segment share during 2018-2029 in %
Figure 3: By value: Share of Silica in Aerogel market during 2018-2029 in %
Figure 4: By value: Silica market segment during 2018-2029 in US$ million
Figure 5: By volume: Share of Silica market during 2018-2029 in %
Figure 6: By volume: Silica market during 2018-2029 in kilo tons
Figure 7: By value: Share of Polymer market during 2018-2029 in %
Figure 8: By value: Polymer market during 2018-2029 in US$ million
Figure 9: By volume: Share of Polymer market during 2018-2029 in %
Figure 10: By volume: Polymer market during 2018-2029 in kilo tons
Figure 11: By value: Share of Carbon market during 2018-2029 in %
Figure 12: By value: Carbon market during 2018-2029 in US$ million
Figure 13: By volume: Share of Carbon market during 2018-2029 in %
Figure 14: By volume: Carbon market during 2018-2029 in kilo tons
Figure 15: By value: Aerogel market application share during 2018-2029 in %
Figure 16: By volume: Aerogel market application share during 2018-2029 in %
Figure 17: By value: Share of Oil and Gas in Aerogel Market during 2018-2029 in %
Figure 18: By value: Oil and Gas in Aerogel Market during 2018-2029 in US$ million
Figure 19: By volume: Share of Oil and Gas in Aerogel Market during 2018-2029 in %
Figure 20: By volume: Oil and Gas in Aerogel Market during 2018-2029 in kilo tons
Figure 21: By value: Share of Construction in Aerogel Market during 2018-2029 in %
Figure 22: By value: Construction in Aerogel Market during 2018-2029 in US$ million
Figure 23: By volume: Share of Construction in Aerogel Market during 2018-2029 in %
Figure 24: By volume: Construction in Aerogel Market during 2018-2029 in kilo tons
Figure 25: By value: Share of Transportation in Aerogel Market during 2018-2029 in %
Figure 26: By value: Transportation in Aerogel Market during 2018-2029 in US$ million
Figure 27: By volume: Share of Transportation in Aerogel Market during 2018-2029 in %
Figure 28: By volume: Transportation in Aerogel Market during 2018-2029 in kilo tons
Figure 29: By value: Share of Performance Coating in Aerogel Market during 2018-2029 in %
Figure 30: By value: Performance Coating in Aerogel Market during 2018-2029 in US$ million
Figure 31: By volume: Share of Performance Coating in Aerogel Market during 2018-2029 in %
Figure 32: By volume: Performance Coating in Aerogel Market during 2018-2029 in kilo tons
Figure 33: By value: Share of Day Lighting and LVHS in Aerogel Market during 2018-2029 in %
Figure 34: By value: Day Lighting and LVHS in Aerogel Market during 2018-2029 in US$ million
Figure 35: By volume: Share of Day Lighting and LVHS in Aerogel Market during 2018-2029 in %
Figure 36: By volume: Day Lighting and LVHS in Aerogel Market during 2018-2029 in kilo tons
Figure 37: By value: Share of Others in Aerogel Market during 2018-2029 in %
Figure 38: By value: Others in Aerogel Market during 2018-2029 in US$ million
Figure 39: By volume: Share of Others in Aerogel Market during 2018-2029 in %
Figure 40: By volume: Others in Aerogel Market during 2018-2029 in kilo tons
Figure 41: By Value: key Aerogel regional markets in US$ million
Figure 42: By Volume: key Aerogel regional markets in kilo tons
Figure 43: By value: Aerogel market region share during 2018-2029 in %
Figure 44: By volume: Aerogel market region share during 2018-2029 in %
Figure 45: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 46: By value: Asia Pacific market during 2018-2029 in US$ million
Figure 47: By volume: Share of Asia Pacific market during 2018-2029 in %
Figure 48: By volume: APAC market during 2018-2029 in kilo tons
Figure 49: By value: Share of North America market during 2018-2029 in %
Figure 50: By value: North America market during 2018-2029 in US$ million
Figure 51: By volume: Share of North America market during 2018-2029 in %
Figure 52: By volume: North America market during 2018-2029 in kilo tons
Figure 53: By value: Share of Europe market during 2018-2029 in
Figure 54: By value: Europe market during 2018-2029 in US$ million
Figure 55: By volume: Share of Europe market during 2018-2029 in %
Figure 56: By volume: Europe market during 2018-2029 in kilo tons
Figure 57: By value: Share of South America market during 2018-2029 in %
Figure 58: By value: South America market during 2018-2029 in US$ million
Figure 59: By volume: Share of South America market during 2018-2029 in %
Figure 60: By volume: South America market during 2018-2029 in kilo tons
Figure 61: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 62: By value: Middle East and Africa market during 2018-2029 in US$ million
Figure 63: By volume: Share of Middle East and Africa market during
2018-2029 in %
Figure 64: By volume: Middle East and Africa market during 2018-2029
inkilo tons
Figure 65: By value: Share of APAC Silica market during 2018-2029 in %
Figure 66: By value: APAC Silica market during 2018-2029 in US$ million
Figure 67: By volume: Share of APAC Silica market during 2018-2029 in %
Figure 68: By volume: APAC Silica market during 2018-2029 in kilo tons
Figure 69: By value: Share of APAC Polymer market during 2018-2029 in %
Figure 70: By value: APAC Polymer market during 2018-2029 in US$ million
Figure 71: By volume: Share of APAC Polymer market during 2018-2029 in %
Figure 72: By volume: APAC Polymer market during 2018-2029 in kilo tons
Figure 73: By value: Share of APAC Carbon market during 2018-2029 in %
Figure 74: By value: APAC Carbon market during 2018-2029 in US$ million
Figure 75: By volume: Share of APAC Carbon market during 2018-2029 in %
Figure 76: By volume: APAC Carbon market during 2018-2029 in kilo tons
Figure 77: By value: Share of North America Silica market during 2018-2029 in %
Figure 78: By value: North America Silica market during 2018-2029 in US$ million
Figure 79: By volume: Share of North America Silica market during 2018-2029 in %
Figure 80: By volume: North America Silica market during 2018-2029 in kilo tons
Figure 81: By value: Share of North America Polymer market during 2018-2029 in %
Figure 82: By value: North America Polymer market during 2018-2029 in US$ million
Figure 83: By volume: Share of North America Polymer market during 2018-2029 in %
Figure 84: By volume: North America Polymer market during 2018-2029 in kilo tons
Figure 85: By value: Share of North America Carbon market during 2018-2029 in %
Figure 86: By value: North America Carbon market during 2018-2029 in US$ million
Figure 87: By volume: Share of North America Carbon market during 2018-2029 in %
Figure 88: By volume: North America Carbon market during 2018-2029 in kilo tons
Figure 89: By value: Share of Europe Silica market during 2018-2029 in %
Figure 90: By value: Europe Silica market during 2018-2029 in US$ million
Figure 91: By volume: Share of Europe Silica market during 2018-2029 in %
Figure 92: By volume: Europe Silica market during 2018-2029 in kilo tons
Figure 93: By value: Share of Europe Polymer market during 2018-2029 in %
Figure 94: By value: Europe Polymer market during 2018-2029 in US$ million
Figure 95: By volume: Share of Europe Polymer market during 2018-2029 in %
Figure 96: By volume: Europe Polymer market during 2018-2029 in kilo tons
Figure 97: By value: Share of Europe Carbon market during 2018-2029 in %
Figure 98: By value: Europe Carbon market during 2018-2029 in US$ million
Figure 99: By volume: Share of Europe Carbon market during 2018-2029 in %
Figure 100: By volume: Europe Carbon market during 2018-2029 in kilo tons
Figure 101: By value: Share of South America Silica market during 2018-2029 in %
Figure 102: By value: South America Silica market during 2018-2029 in US$ million
Figure 103: By volume: Share of South America Silica market during 2018-2029 in %
Figure 104: By volume: South America Silica market during 2018-2029 in kilo tons
Figure 105: By value: Share of South America Polymer market during 2018-2029 in %
Figure 106: By value: South America Polymer market during 2018-2029 in US$ million
Figure 107: By volume: Share of South America Polymer market during 2018-2029 in %
Figure 108: By volume: South America Polymer market during 2018-2029 in kilo tons
Figure 109: By value: Share of South America Carbon market during 2018-2029 in %
Figure 110: By value: South America Carbon market during 2018-2029 in US$ million
Figure 111: By volume: Share of South America Carbon market during 2018-2029 in %
Figure 112: By volume: South America Carbon market during 2018-2029 in kilo tons
Figure 113: By value: Share of South America Silica market during 2018-2029 in %
Figure 114: By value: South America Silica market during 2018-2029 in US$ million
Figure 115: By volume: Share of South America Silica market during 2018-2029 in %
Figure 116: By volume: South America Silica market during 2018-2029 in kilo tons
Figure 117: By value: Share of South America Polymer market during 2018-2029 in %
Figure 118: By value: South America Polymer market during 2018-2029 in US$ million
Figure 119: By volume: Share of South America Polymer market during 2018-2029 in %
Figure 120: By volume: South America Polymer market during 2018-2029 in kilo tons
Figure 121: By value: Share of South America Carbon market during 2018-2029 in %
Figure 122: By value: South America Carbon market during 2018-2029 in US$ million
Figure 123: By volume: Share of South America Carbon market during 2018-2029 in %
Figure 124: By volume: South America Carbon market during 2018-2029 in kilo tons
Figure 125: By value: Share of Middle East & Africa Silica market during 2018-2029 in %
Figure 126: By value: Middle East & Africa Silica market during 2018-2029 in US$ million
Figure 127: By volume: Share of Middle East & Africa Silica market during 2018-2029 in %
Figure 128: By volume: Middle East & Africa Silica market during 2018-2029 in kilo tons
Figure 129: By value: Share of Middle East & Africa Polymer market during 2018-2029 in %
Figure 130: By value: Middle East & Africa Polymer market during 2018-2029 in US$ million
Figure 131: By volume: Share of Middle East & Africa Polymer market during 2018-2029 in %
Figure 132: By volume: Middle East & Africa Polymer market during 2018-2029 in kilo tons
Figure 133: By value: Share of Middle East & Africa Carbon market during 2018-2029 in %
Figure 134: By value: Middle East & Africa Carbon market during 2018-2029 in US$ million
Figure 135: By volume: Share of Middle East & Africa Carbon market during 2018-2029 in %
Figure 136: By volume: Middle East & Africa Carbon market during 2018-2029 in kilo tons
Figure 137: By value: Share of APAC Oil and Gas Market during 2018-2029 in %
Figure 138: By value: APAC Oil and Gas Market during 2018-2029 in US$ million
Figure 139: By volume: Share of APAC Oil and Gas Market during 2018-2029 in %
Figure 140: By volume: APAC Oil and Gas Market during 2018-2029 in kilo tons
Figure 141: By value: Share of APAC Construction Market during 2018-2029 in %
Figure 142: By value: APAC Construction Market during 2018-2029 in US$ million
Figure 143: By volume: Share of APAC Construction Market during 2018-2029 in %
Figure 144: By volume: APAC Construction Market during 2018-2029 in kilo tons
Figure 145: By value: Share of APAC Transportation Market during 2018-2029 in %
Figure 146: By value: APAC Transportation Market during 2018-2029 in US$ million
Figure 147: By volume: Share of APAC Transportation Market during 2018-2029 in %
Figure 148: By volume: APAC Transportation Market during 2018-2029 in kilo tons
Figure 149: By value: Share of APAC Performance Coating Market during 2018-2029 in %
Figure 150: By value: APAC Performance Coating Market during 2018-2029 in US$ million
Figure 151: By volume: Share of APAC Performance Coating Market during 2018-2029 in %
Figure 152: By volume: APAC Performance Coating Market during 2018-2029 in kilo tons
Figure 153: By value: Share of APAC Day Lighting and LVHS Market during 2018-2029 in %
Figure 154: By value: APAC Day Lighting and LVHS Market during 2018-2029 in US$ million
Figure 155: By volume: Share of APAC Day Lighting and LVHS Market during 2018-2029 in %
Figure 156: By volume: APAC Day Lighting and LVHS Market during 2018-2029 in kilo tons
Figure 157: By value: Share of APAC Others Market during 2018-2029 in %
Figure 158: By value: APAC Others Market during 2018-2029 in US$ million
Figure 159: By volume: Share of APAC Others Market during 2018-2029 in %
Figure 160: By volume: APAC Others Market during 2018-2029 in kilo tons
Figure 161: By value: Share of North America Oil and Gas Market during 2018-2029 in %
Figure 162: By value: North America Oil and Gas Market during 2018-2029 in US$ million
Figure 163: By volume: Share of North America Oil and Gas Market during 2018-2029 in %
Figure 164: By volume: North America Oil and Gas Market during 2018-2029 in kilo tons
Figure 165: By value: Share of North America Construction Market during 2018-2029 in %
Figure 166: By value: North America Construction Market during 2018-2029 in US$ million
Figure 167: By volume: Share of North America Construction Market during 2018-2029 in %
Figure 168: By volume: North America Construction Market during 2018-2029 in kilo tons
Figure 169: By value: Share of North America Transportation Market during 2018-2029 in %
Figure 170: By value: North America Transportation Market during 2018-2029 in US$ million
Figure 171: By volume: Share of North America Transportation Market during 2018-2029 in %
Figure 172: By volume: North America Transportation Market during 2018-2029 in kilo tons
Figure 173: By value: Share of North America Performance Coating Market during 2018-2029 in %
Figure 174: By value: North America Performance Coating Market during 2018-2029 in US$ million
Figure 175: By volume: Share of North America Performance Coating Market during 2018-2029 in %
Figure 176: By volume: North America Performance Coating Market during 2018-2029 in kilo tons
Figure 177: By value: Share of North America Day Lighting and LVHS Market during 2018-2029 in %
Figure 178: By value: North America Day Lighting and LVHS Market during 2018-2029 in US$ million
Figure 179: By volume: Share of North America Day Lighting and LVHS Market during 2018-2029 in %
Figure 180: By volume: North America Day Lighting and LVHS Market during 2018-2029 in kilo tons
Figure 181: By value: Share of North America Others Market during 2018-2029 in %
Figure 182: By value: North America Others Market during 2018-2029 in US$ million
Figure 183: By volume: Share of North America Others Market during 2018-2029 in %
Figure 184: By volume: North America Others Market during 2018-2029 in kilo tons
Figure 185: By value: Share of Europe Oil and Gas Market during 2018-2029 in %
Figure 186: By value: Europe Oil and Gas Market during 2018-2029 in US$ million
Figure 187: By volume: Share of Europe Oil and Gas Market during 2018-2029 in %
Figure 188: By volume: Europe Oil and Gas Market during 2018-2029 in kilo tons
Figure 189: By value: Share of Europe Construction Market during 2018-2029 in %
Figure 190: By value: Europe Construction Market during 2018-2029 in US$ million
Figure 191: By volume: Share of Europe Construction Market during 2018-2029 in %
Figure 192: By volume: Europe Construction Market during 2018-2029 in kilo tons
Figure 193: By value: Share of Europe Transportation Market during 2018-2029 in %
Figure 194: By value: Europe Transportation Market during 2018-2029 in US$ million
Figure 195: By volume: Share of Europe Transportation Market during 2018-2029 in %
Figure 196: By volume: Europe Transportation Market during 2018-2029 in kilo tons
Figure 197: By value: Share of Europe Performance Coating Market during 2018-2029 in %
Figure 198: By value: Europe Performance Coating Market during 2018-2029 in US$ million
Figure 199: By volume: Share of Europe Performance Coating Market during 2018-2029 in %
Figure 200: By volume: Europe Performance Coating Market during 2018-2029 in kilo tons
Figure 201: By value: Share of Europe Day Lighting and LVHS Market during 2018-2029 in %
Figure 202: By value: Europe Day Lighting and LVHS Market during 2018-2029 in US$ million
Figure 203: By volume: Share of Europe Day Lighting and LVHS Market during 2018-2029 in %
Figure 204: By volume: Europe Day Lighting and LVHS Market during 2018-2029 in kilo tons
Figure 205: By value: Share of Europe Others Market during 2018-2029 in %
Figure 206: By value: Europe Others Market during 2018-2029 in US$ million
Figure 207: By volume: Share of Europe Others Market during 2018-2029 in %
Figure 208: By volume: Europe Others Market during 2018-2029 in kilo tons
Figure 209: By value: Share of South America Oil and Gas Market during 2018-2029 in %
Figure 210: By value: South America Oil and Gas Market during 2018-2029 in US$ million
Figure 211: By volume: Share of South America Oil and Gas Market during 2018-2029 in %
Figure 212: By volume: South America Oil and Gas Market during 2018-2029 in kilo tons
Figure 213: By value: Share of South America Construction Market during 2018-2029 in %
Figure 214: By value: South America Construction Market during 2018-2029 in US$ million
Figure 215: By volume: Share of South America Construction Market during 2018-2029 in %
Figure 216: By volume: South America Construction Market during 2018-2029 in kilo tons
Figure 217: By value: Share of South America Transportation Market during 2018-2029 in %
Figure 218: By value: South America Transportation Market during 2018-2029 in US$ million
Figure 219: By volume: Share of South America Transportation Market during 2018-2029 in %
Figure 220: By volume: South America Transportation Market during 2018-2029 in kilo tons
Figure 221: By value: Share of South America Performance Coating Market during 2018-2029 in %
Figure 222: By value: South America Performance Coating Market during 2018-2029 in US$ million
Figure 223: By volume: Share of South America Performance Coating Market during 2018-2029 in %
Figure 224: By volume: South America Performance Coating Market during 2018-2029 in kilo tons
Figure 225: By value: Share of South America Day Lighting and LVHS Market during 2018-2029 in %
Figure 226: By value: South America Day Lighting and LVHS Market during 2018-2029 in US$ million
Figure 227: By volume: Share of South America Day Lighting and LVHS Market during 2018-2029 in %
Figure 228: By volume: South America Day Lighting and LVHS Market during 2018-2029 in kilo tons
Figure 229: By value: Share of South America Others Market during 2018-2029 in %
Figure 230: By value: South America Others Market during 2018-2029 in US$ million
Figure 231: By volume: Share of South America Others Market during 2018-2029 in %
Figure 232: By volume: South America Others Market during 2018-2029 in kilo tons
Figure 233: By value: Share of Middle East and Africa Oil and Gas Market during 2018-2029 in %
Figure 234: By value: Middle East and Africa Oil and Gas Market during 2018-2029 in US$ million
Figure 235: By volume: Share of Middle East and Africa Oil and Gas Market during 2018-2029 in %
Figure 236: By volume: Middle East and Africa Oil and Gas Market during 2018-2029 in kilo tons
Figure 237: By value: Share of Middle East and Africa Construction Market during 2018-2029 in %
Figure 238: By value: Middle East and Africa Construction Market during 2018-2029 in US$ million
Figure 239: By volume: Share of Middle East and Africa Construction Market during 2018-2029 in %
Figure 240: By volume: Middle East and Africa Construction Market during 2018-2029 in kilo tons
Figure 241: By value: Share of Middle East and Africa Transportation Market during 2018-2029 in %
Figure 242: By value: Middle East and Africa Transportation Market during 2018-2029 in US$ million
Figure 243: By volume: Share of Middle East and Africa Transportation Market during 2018-2029 in %
Figure 244: By volume: Middle East and Africa Transportation Market during 2018-2029 in kilo tons
Figure 245: By value: Share of Middle East and Africa Others Market during 2018-2029 in %
Figure 246: By value: Middle East and Africa Others Market during 2018-2029 in US$ million
Figure 247: By volume: Share of Middle East and Africa Others Market during 2018-2029 in %
Figure 248: By volume: Middle East and Africa Others Market during 2018-2029 in kilo tons
Figure 249: By Value: key Aerogel regional Markets in US$ million
Figure 250: By Volume: key Aerogel regional Markets in kilo tons
Figure 251: By value: Share of US Market during 2018-2029 in %
Figure 252: By value: US Market during 2018-2029 in US$ million
Figure 253: By volume: Share of US Market during 2018-2029 in %
Figure 254: By volume: US Market during 2018-2029 in kilo tons
Figure 255: By value: Share of Canada Market during 2018-2029 in %
Figure 256: By value: Canada Market during 2018-2029 in US$ million
Figure 257: By volume: Share of Canada Market during 2018-2029 in %
Figure 258: By volume: Canada Market during 2018-2029 in kilo tons
Figure 259: By value: Share of Mexico Market during 2018-2029 in %
Figure 260: By value: Mexico Market during 2018-2029 in US$ million
Figure 261: By volume: Share of Mexico Market during 2018-2029 in %
Figure 262: By volume: Mexico Market during 2018-2029 in kilo tons
Figure 263: By value: Share of Germany Market during 2018-2029 in %
Figure 264: By value: Germany Market during 2018-2029 in US$ million
Figure 265: By volume: Share of Germany Market during 2018-2029 in %
Figure 266: By volume: Germany Market during 2018-2029 in kilo tons
Figure 267: By value: Share of Italy Market during 2018-2029 in %
Figure 268: By value: Italy Market during 2018-2029 in US$ million
Figure 269: By volume: Share of Italy Market during 2018-2029 in %
Figure 270: By volume: Italy Market during 2018-2029 in kilo tons
Figure 271: By value: Share of France Market during 2018-2029 in %
Figure 272: By value: France Market during 2018-2029 in US$ million
Figure 273: By volume: Share of France Market during 2018-2029 in %
Figure 274: By volume: France Market during 2018-2029 in kilo tons
Figure 275: By value: Share of China Market during 2018-2029 in %
Figure 276: By value: China Market during 2018-2029 in US$ million
Figure 277: By volume: Share of China Market during 2018-2029 in %
Figure 278: By volume: China Market during 2018-2029 in kilo tons
Figure 279: By value: Share of India Market during 2018-2029 in %
Figure 280: By value: India Market during 2018-2029 in US$ million
Figure 281: By volume: Share of India Market during 2018-2029 in %
Figure 282: By volume: India Market during 2018-2029 in kilo tons
Figure 283: By value: Share of Japan Market during 2018-2029 in %
Figure 284: By value: Japan Market during 2018-2029 in US$ million
Figure 285: By volume: Share of Japan Market during 2018-2029 in %
Figure 286: By volume: Japan Market during 2018-2029 in kilo tons
Figure 287: By value: Share of Brazil Market during 2018-2029 in %
Figure 288: By value: Brazil Market during 2018-2029 in US$ million
Figure 289: By volume: Share of Brazil Market during 2018-2029 in %
Figure 290: By volume: Brazil Market during 2018-2029 in kilo tons
Figure 291: By value: Share of Argentina Market during 2018-2029 in %
Figure 292: By value: Argentina Market during 2018-2029 in US$ million
Figure 293: By volume: Share of Argentina Market during 2018-2029 in %
Figure 294: By volume: Argentina Market during 2018-2029 in kilo tons
Figure 295: By value: Share of Colombia Market during 2018-2029 in %
Figure 296: By value: Share of South Africa Market during 2018-2029 in %
Figure 297: By value: South Africa Market during 2018-2029 in US$ million
Figure 298: By volume: Share of South Africa Market during 2018-2029 in %
Figure 299: By volume: South Africa Market during 2018-2029 in kilo tons
Figure 300: By value: Share of UAE Market during 2018-2029 in %
Figure 301: By value: UAE Market during 2018-2029 in US$ million
Figure 302: By volume: Share of UAE Market during 2018-2029 in %
Figure 303: By volume: UAE Market during 2018-2029 in kilo tons
Figure 304: By value: Share of Saudi Arabia Market during 2018-2029 in %
Figure 305: By value: Saudi Arabia Market during 2018-2029 in US$ million
Figure 306: By volume: Share of Saudi Arabia Market during 2018-2029 in %
Figure 307: By volume: Saudi Arabia Market during 2018-2029 in kilo tons
Figure 308: Cabot Corporation
Figure 309: Aspen Aerogels
Figure 310: Aerogel Technologies
Figure 311: Nano tech Co. Ltd.
Figure 312: Armacell
Figure 313: BASF SE
Figure 314: Guangdong Alison Hi-Tech
Figure 315: Active Aerogels
Figure 316: Enersens
Figure 317: JIOS Aerogel
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
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| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Value (USD) and Volume (Kiloton) |
| Report Coverage | Value/ Revenue forecast, Volume forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the volume and revenue estimations, trends, and drivers |
| Segments | By Product, By Application, By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Cabot Corporation, Aspen Aerogels, Aerogel Technologies, Nano tech Co. Ltd., Armacell, BASF SE, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, and JIOS Aerogel |
The global Aerogel market size was estimated at US$703 million in 2021.
The global Aerogel market is expected to grow at a compound annual growth rate of 10.4% from 2022 to 2029.
In 2021, the North American region led the Aerogel market in 2021 with a share of 45.8%.
The oil and gas segment led the market with a market share of 63% in 2021.
Some key players operating in the Aerogel market include Cabot Corporation, Aspen Aerogels, Aerogel Technologies, Nano tech Co. Ltd., Armacell, BASF SE, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, and JIOS Aerogel.
Key factors that are driving the Aerogel market growth include growing demand of the chemical in the production of insulation packs for oil and gas subsea pipelines. Growing use of Aerogel in the construction industry to manufacture rigid boards, insulating plaster solutions and insulating cavity walls is also expected to drive the market.