Aerogel Insulation Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

Aerogel Insulation Market

Aerogel Insulation Market - By Type (Silica, Carbon, And Polymer), By Form (Block, Blankets, Particle, And Panels), By End-User (Oil & Gas, Performance Coatings, Building & Construction, Aerospace & Marine, And Automotive Sectors), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-4337 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 1,805.47 Million USD 3,341.80 Million 8.00% 2022

Description

Global Aerogel Insulation Industry Prospective:

The global aerogel insulation market size was worth around USD 810.99 Million in 2022 and is predicted to grow to around USD 3,788.52 Million by 2030 with a compound annual growth rate (CAGR) of roughly 21.25% between 2023 and 2030.

The report analyzes the global aerogel insulation market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aerogel insulation industry.

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Global Aerogel Insulation Market: Overview

Aerogel provides high-performance insulation for both cold and hot service applications. Rapid technological breakthroughs in construction, automotive, and performance coatings are anticipated to drive the growth of the aerogel insulation industry over the estimated timeline. Furthermore, beneficial thermal insulating features have made aerogel more popular as an insulator.

Global Aerogel Insulation Market: Growth Factors

Drifting customer trends toward green construction materials owing to their ability to minimize carbon footprints will impel the growth of the aerogel insulation industry. Beneficial characteristics like high porosity proportion, low-density solid material, and key air composition will accelerate the expansion of the aerogel insulation market. Apart from this, cost-effectiveness as a result of its efficient thermal insulating features over other high-performing insulating substances will augment the scope of the aerogel insulation market over the years to come. Additionally, the escalating use of powder beads in constructing buildings to conserve energy will impel the business landscape.

Moreover, the constant innovation in the electronics sector along with the shifting trend towards digital tools will augment the business growth. In addition to this, massive product use in many of the electronic parts including humidity sensors, capacitors, Geiger counters, fuel cells, soft magnets, and infrared detectors will promulgate the industry size. Escalating product needs in myriad semiconductor parts as a result of massive highlights on IoT will spur industry trends.

Massive product applications in various end-use sectors including automotive, oil & gas, aerospace, building & construction, performance coatings, and the marine sector will embellish the growth trends of the market. Nonetheless, low awareness related to oscillation in the material costs will hinder the business scope.

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Global Aerogel Insulation Market: Report Scope

Report Attributes Report Details
Report Name Aerogel Insulation Market Research Report
Market Size in 2022 USD 810.99 Million
Market Forecast in 2030 USD 3,788.52 Million
Growth Rate CAGR of 21.25%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Active Aerogels, Svenska Aerogel, Green Earth Aerogel Technologies, BASF, American Aerogel Corporation, Aerogel Technologies, Aspen Aerogels, Cabot Corporation, and Enersens SAS., and others
Segments Covered By Type, By Form, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Aerogel Insulation Market: Segmentation

The aerogel insulation market can be separated into type, form, and end-use. Based on type, the industry is segregated into silica, carbon, and polymer. Based on the form, the aerogel insulation market is segmented into blocks, blankets, particles, and panels. In terms of end-use, the industry can be classified into oil & gas, performance coatings, building & construction, aerospace & marine, and automotive sectors.

Global Aerogel Insulation Market: Regional Analysis

Region-wise, the aerogel insulation market can be divided into five main regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The Aerogel insulation market in North America is slated to witness a lucrative surge over the years ahead, owing to massive product needs in various sectors including marine, automotive, and oil & gas sectors in the region. Apart from this, the large-scale need for low-density solid substances will augment the business landscape over the years ahead. In addition to this, the surging need for eco-friendly chemicals in the production of myriad products will elevate the regional market size. Moreover, the growing consciousness about energy preservation, IoT, and strong infrastructure facilities will enhance the growth of the industry in North America.

Asia Pacific aerogel insulation industry is slated to experience a notable surge over the years to come, owing to large-scale funding of many of the infrastructure ventures in countries such as UAE, Malaysia, Oman, and Thailand. Furthermore, swift urbanization witnessed in Singapore, Indonesia, and the Philippines will result in regional market expansion. Huge vehicle sales as a result of high per capita income as well as high per capita expenditure will proliferate the market progression over the years to come.

Global Aerogel Insulation Market: Competitive Players

A few of the main participants in the aerogel insulation market are

  • Active Aerogels
  • Svenska Aerogel
  • Green Earth Aerogel Technologies
  • BASF
  • American Aerogel Corporation
  • Aerogel Technologies
  • Aspen Aerogels
  • Cabot Corporation
  • Enersens SAS.
  • And Others

The global aerogel insulation market is segmented as follows:

By Type

  • Silica
  • Carbon
  • Polymer

By Form

  • Block
  • Blankets
  • Particle
  • Panels

By End-User

  • Oil & Gas
  • Performance Coatings
  • Building & Construction
  • Aerospace & Marine
  • Automotive Sectors

Global Aerogel Insulation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Thermal insulation made of aerogel is a material that is both exceedingly lightweight and highly effective in its ability to insulate. This substance is formed from aerogels, which are compounds that resemble gels and are produced by a process known as supercritical drying. In this process, the liquid component is replaced with a gas. Aerogels, and silica aerogel in particular, are utilized in a variety of sectors to offer insulation in applications where space and weight are essential considerations. This is because aerogels have a low density and great thermal insulating qualities.

Drifting customer trends toward green construction materials owing to its ability to minimize the carbon footprints will impel the growth of aerogel insulation industry.

According to a study, the global aerogel insulation market size was worth around USD 810.99 million in 2022 and is predicted to grow to around USD 3,788.52 million by 2030.

The CAGR value of the aerogel insulation market is expected to be around 21.25% during 2023-2030.

 The Aerogel insulation market in North America is slated to witness a lucrative surge over the years ahead, owing to massive product needs in various sectors including marine, automotive, and oil & gas sectors in the region. 

Few of the main participants in aerogel insulation market are Active Aerogels, Svenska Aerogel, Green Earth Aerogel Technologies, BASF, American Aerogel Corporation, Aerogel Technologies, Aspen Aerogels, Cabot Corporation, and Enersens SAS.

The report explores crucial aspects of the aerogel insulation market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.

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