Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 200.34 Million | USD 501.04 Million | 9.6% | 2024 |
The global Europe blanket aerogel market size was worth around USD 200.34 Million in 2024 and is predicted to grow to around USD 501.04 Million by 2034 with a compound annual growth rate (CAGR) of roughly 9.6% between 2025 and 2034.
The report analyzes the global Europe blanket aerogel market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Europe blanket aerogel industry.
Aerogels are easily available in form of panels, blankets, blocks, and powders. Moreover, blankets are the most commonly used blanket forms of aerogels as they can be easily handled. Furthermore, blankets are formed by combining silica aerogels and flexible fibers. In the case of piping insulations, blankets prove to be convenient for refinery pipe wrapping with apt sheets. Aerogel blankets are used in cryogenic applications as they offer flexibility even after they are merged into liquid nitrogen. Apart from this, aerogel blankets can be easily rolled, thereby making them fit for applications requiring high barrier features.
Favorable product features such as water-resistance and fireproofing to boost the market trends in Europe
Focus on green initiatives by various countries in Europe will catalyze the expansion of Europe blanket aerogel market in the upcoming years. Furthermore, blanket aerogels are water-resistant and possess fireproofing features, thereby outperforming many insulating materials. This, in turn, will provide impetus to the growth of the Europe blanket aerogel market. With blanket aerogels being non-toxic and ecologically safe, the demand for the product is gaining traction in Europe. Rise in penetration of blanket aerogel in the construction and clothing sectors is predicted to boost the blanket aerogel market trends in Europe. Moreover, large-scale use of the product in the aerospace sector will expand the scope of the market surge in Europe.
Furthermore, innovative solutions in the nanotechnology domain as well as gelation processes have led to enhanced productivity of products, thereby steering the growth of the Europe blanket aerogel market. Escalating concerns pertaining to vehicle ambiance will further push the blanket aerogel market expansion in Europe.
Inconsistent raw material costs to impede the industry surge in Europe
Huge production costs as well as fluctuations in raw material costs can decimate the expansion of the blanket aerogel industry in Europe.
Growing focus of the EU on energy conservation to open new growth opportunities for the market in Europe
The EU’s energy-efficient policy makes it mandatory for the member countries in reducing energy consumption has translated into a rise in acceptance of aerogel blankets as insulating materials in buildings, thereby creating new growth avenues for the Europe blanket aerogel market.
Complex manufacturing process required to produce blanket aerosol can prove to be a major challenge to market expansion in Europe
Highly specialized manufacturing methods for producing blanket aerogel and supercritical drying being the most expensive in the blanket aerogel production process are some of the aspects posing a huge challenge for the players in the Europe blanket aerosol industry.
The Europe blanket aerogel market is sectored into type, end-use industry, layer, and region.
In terms of type, the Europe blanket aerogel market is divided into silica, carbon, and polymers segments. Apparently, the silica segment, which dominated the type landscape in 2022 by contributing a major share, is projected to register the highest CAGR of nearly 15.2% during the forecast period. The segmental surge can be a result of the use of silica in the manufacture of blanket aerogels for making the latter stretchable, strong, and water-repellent. Reportedly, non-inflammable blankets are made from silica aerogels that help in protecting houses, firms, and other infrastructures from catching fire due to fire outbreaks. Moreover, huge demand for blanket aerogels made from silica owing to their beneficial properties will enhance its penetration in aerospace as well as building & construction sectors.
Based on the end-use industry, the Europe blanket aerogel industry is bifurcated into automotive, building & construction, aerospace, oil & gas, marine, chemicals & pharmaceuticals, locomotive, electrical & electronics, medical & healthcare, and others segments. Furthermore, the building & construction segment, which accounted for the major share of the blanket aerogel industry share in Europe, will retain its industry domination in Europe during the forecast timeline. The segmental surge during the analysis timeframe can be due to large-scale use of blanket aerogels in insulating buildings as it helps in reducing heat & energy loss in commercial & residential buildings.
By Layer, the global Europe blanket aerogel market is split into Mono-Layer, Multi-Layer.
Report Attributes | Report Details |
---|---|
Report Name | Europe Blanket Aerogel Market |
Market Size in 2024 | USD 200.34 Million |
Market Forecast in 2034 | USD 501.04 Million |
Growth Rate | CAGR of 9.6% |
Number of Pages | 211 |
Key Companies Covered | ZhengZhou Joda Technology Co. Ltd., Enersens Aerogel, Cabot Corporation, Active Aerogels, SVENSKA AEROGEL AB, Green Earth Aerogel Tehnologies, Acoustiblok UK Ltd., Aspen Aerogels Inc., Armacell International S.A., Aerogel Technologies LLC, Airglass AB, and others. |
Segments Covered | By Type, By End-Use Industry, By Layer, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Blanket aerogel market in Germany to garner major revenue share of the European market over 2025-2034
Germany, which accounted for the major share of the Europe blanket aerogel market in 2022, is anticipated to contribute majorly towards the regional market share even in the coming years. The growth of the market in Germany can be attributed to the large presence of giant automotive manufacturers in the country. Moreover, the high demand for blanket aerogel in the automotive sector in the country will prop up the growth of the market in Germany. Increase in industrialization in the country has accelerated product penetration in various industries in Germany, thereby boosting regional market trends.
Furthermore, Russia is also likely to make major contributions to the blanket aerogel industry size in Europe in the forecasting years. The growth can be attributed to Russia being the largest producer of oil & gas in Europe where aerogel blankets find huge applications.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Europe blanket aerogel market on a global and regional basis.
The global Europe blanket aerogel market is dominated by players like:
By Type
By End-Use Industry
By Layer
By Region
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