Aerogel Market Size and Share

Aerogel Market (2025 - 2030)
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Aerogel Market Analysis by Mordor Intelligence

The aerogel market is valued at USD 0.90 billion in 2025 and is projected to grow to USD 1.46 billion by 2030, advancing at a 9.85% CAGR in the 2025-2030 period. Sustained demand for high-performance thermal insulation, coupled with accelerating electrification and carbon-reduction mandates, is placing the aerogel market on a strong growth trajectory. North America leads today with a 40% share, supported by strict energy-efficiency codes and an active oil-and-gas retrofit cycle. High market consolidation prevails; Aspen Aerogels and Cabot Corporation anchor global revenue, yet a host of regional specialists compete aggressively in formulation niches. 

Key Report Takeaways

  • By type, silica held 72% of the aerogel market share in 2024 and is expanding at 10.11% CAGR through 2030.
  • By form, blankets captured 64% of the aerogel market size in 2024; particles are projected to grow fastest at 10.34% CAGR to 2030.
  • By application, thermal insulation accounted for 60% of the aerogel market size in 2024 and is advancing at a 6.5% CAGR between 2025-2030.
  • By end-user industry, oil and gas commanded 57% of the aerogel market share in 2024, while construction is forecast to post the highest 10.3% CAGR through 2030.
  • By region, North America led with 40% revenue share in 2024; Asia-Pacific is anticipated to grow at 10.25% CAGR to 2030. 

Segment Analysis

By Type: Silica Maintains Dominance While Driving Innovation

Silica grades commanded a 72% share of the aerogel market in 2024 and are expected to widen their lead by posting a robust 10.11% CAGR through 2030, a rare scenario where the largest slice also grows fastest. This leadership stems from broad applicability in oil-and-gas pipelines, façade insulation, and EV battery modules. Significant research and development produced silica/polyimide “pomegranate” composites that yield 12-fold higher compressive strength without sacrificing thermal values, removing a historic barrier to mechanical handling. 

Second-generation silica systems are also targeting moisture resistance and easier finishing. Tailored hydrophobic coatings now sustain contact angles above 120°, allowing exterior façade usage in humid climates. Meanwhile, formulators are exploring low-alkoxide sol-gel routes that cut solvent consumption, reducing cost and CO₂ footprint. Given this multi-pronged innovation, silica’s hold on the aerogel market appears secure, and its technological progress will likely dictate overall performance benchmarks the sector must meet.

Aerogel Market: Market Share by Type
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By Form: Blankets Lead While Particles Surge

Blankets secured 64% of the aerogel market revenue in 2024, owing to installation ease and compatibility with pipe-insulation jacketing used in energy infrastructure. Recent iterations achieve thermal conductivity as low as 0.0143 W/mK and reach thermal equilibrium in 10 minutes, shortening construction schedules. 

Particle form is the breakout category, forecast to log a 10.34% CAGR through 2030 as formulators incorporate aerogel powders into coatings, lithium-ion separators, and polymer composites. ENTERA particles from Cabot serve as drop-in thermal modifiers in EV battery cathodes, mitigating runaway events without thick barriers. 

By Application: Thermal Insulation Holds Dual Leadership

Thermal insulation accounted for 60% of the aerogel market size in 2024 and is projected to maintain leadership with a 6.5% CAGR to 2030. Cryogenic LNG transfer lines, high heat refining units, and building envelopes all depend on aerogel’s ultra-low lambda values that outperform traditional materials by two to four. Carbon-based aerogels now combine insulation with load bearing, extending usage into furnaces above 1,000 °C, where ceramic fiber once dominated. Acoustic damping applications account for a growing slice as graphene-oxide aerogels provide broadband attenuation for HVAC ducting and transport cabins.

By End-user: Oil and Gas Dominates as Construction Accelerates

Oil and gas represented 57% of the aerogel market revenue in 2024, anchored by harsh-service pipelines, subsea bundles, and refinery heat-tracing, where material failure costs far exceed insulation expense. Aerogel blankets reduce heat loss during subsea transport, preventing hydrate formation and ensuring flow assurance. Hydrophobicity further mitigates corrosion-under-insulation, saving operators millions in unplanned downtime. This entrenched performance record shields the sector from price competition from lower-cost insurers.

Construction is the fastest-expanding end-user, set to post a 10.3% CAGR between 2025-2030. Code upgrades and incentives for near-zero-energy buildings push builders to adopt slim, high-R designs; aerogel-infused plasters and boards meet these demands without redesigning structural elements. Cellular aerogel fillers bring down wall U-values even in heritage brick renovations where cavity depth is limited. The automotive, marine, and aerospace markets follow in volume, with EV battery safety and lightweight aircraft insulation providing distinct growth lanes. Porsche’s forthcoming electric 718 specifies Aspen Aerogels thermal barriers, demonstrating prestige-brand endorsement that could ripple across the industry.

Aerogel Market: Market Share by End-user Industry
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Geography Analysis

North America led the aerogel market with a 40% revenue share in 2024. Federal and state efficiency mandates, alongside robust oil-and-gas capital expenditure, underpin solid demand. Cabot Corporation’s USD 50 million Department of Energy award to localize battery-grade conductive additives affirms policy-driven investment in thermal-management materials with direct aerogel synergies. National Science Foundation grants are also seeding next-generation building insulation research, keeping North America at the forefront of performance breakthroughs[2]National Science Foundation, “Novel aerogel-based insulation may transform building efficiency,” seedfund.nsf.gov .

Asia-Pacific is projected to register a 10.25% CAGR to 2030, making it the fastest-growing region. Rapid LNG infrastructure deployment, booming residential construction, and accelerating EV production converge to raise regional consumption sharply. Chinese institutes have introduced carbon-aerogel composites that withstand extreme temperatures while bearing structural loads, supporting domestic high-temperature industries.

Europe remains strong in regulatory leadership, leveraging EPBD revisions to encourage deep-energy retrofits that favor thin, high-R material systems. Pilot programs in social housing blocks showcase façade aerogel panels achieving 40% space-heating cuts while preserving exterior aesthetics. The Middle East and Africa continue to adopt aerogel in refining and petrochemical upgrades, while South America’s growth is tied to LNG imports and rising green-building certification momentum.

Aerogel Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The aerogel market shows high consolidation. Regional challengers are scaling rapidly. Armacell fully acquired joint-venture JIOS Aerogels in September 2024, gaining over 700 tonnes of annual powder capacity and rolling out the ArmaGel XG blanket series for elevated-temperature pipelines. ENERSENS and several Chinese start-ups are commercializing ambient pressure drying, potentially pressuring incumbent cost structures. Collectively, these moves signal a shift toward vertical integration and geographic diversification as OEMs prioritize secure, local supply chains.

Aerogel Industry Leaders

  1. Active Aerogels

  2. Aspen Aerogels, Inc.

  3. Armacell

  4. Cabot Corporation

  5. Svenska Aerogel AB

  6. *Disclaimer: Major Players sorted in no particular order
Aerogel Market - Market Concentration
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Recent Industry Developments

  • September 2024: Armacell acquired all shares in Armacell JIOS Aerogels Limited, gaining control of more than 700 tonnes annual powder capacity and boosting its energy-sector insulation footprint.
  • September 2024: Armacell launched the ArmaGel XG product line for elevated-temperature duties and announced a new plant in Pune, India, adding 1 million m² blanket capacity.

Table of Contents for Aerogel Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rise in Adoption of Aerogel Due to Reusability and Recyclability
    • 4.2.2 Rapidly Growing Construction Demand for High-performance Insulation
    • 4.2.3 Energy-Efficiency Regulations Boosting EU and North-American Demand
    • 4.2.4 Expansion of LNG Infrastructure Across Asia
    • 4.2.5 Oil and Gas Industry Dominating the Aerogel Demand
  • 4.3 Market Restraints
    • 4.3.1 High Production Cost
    • 4.3.2 Limited Availability of Raw Materials
    • 4.3.3 Competition from High-performance Polymer Foams in Buildings
  • 4.4 Value Chain Analysis
  • 4.5 Technological Outlook
  • 4.6 Porter's Five Forces
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitute Products and Services
    • 4.6.5 Degree of Competition

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Type
    • 5.1.1 Silica
    • 5.1.2 Carbon
    • 5.1.3 Alumina
    • 5.1.4 Other Types
  • 5.2 By Form
    • 5.2.1 Blanket
    • 5.2.2 Particle
    • 5.2.3 Block
    • 5.2.4 Panel
  • 5.3 By Application
    • 5.3.1 Thermal Insulation
    • 5.3.2 Acoustic Insulation
    • 5.3.3 Catalyst and Adsorbent
    • 5.3.4 Battery and Energy Storage
    • 5.3.5 Day-lighting and Translucent Panels
    • 5.3.6 Other Applications
  • 5.4 By End-user Industry
    • 5.4.1 Oil and Gas
    • 5.4.2 Construction
    • 5.4.3 Automotive
    • 5.4.4 Marine
    • 5.4.5 Aerospace
    • 5.4.6 Other End-user Industries
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 Italy
    • 5.5.3.4 France
    • 5.5.3.5 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 South Africa
    • 5.5.5.4 Nigeria
    • 5.5.5.5 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
    • 6.4.1 Acoustiblok, Inc.
    • 6.4.2 Active Aerogels
    • 6.4.3 Aerogel Technologies, LLC
    • 6.4.4 aerogel-it
    • 6.4.5 Armacell
    • 6.4.6 Aspen Aerogels, Inc.
    • 6.4.7 BASF
    • 6.4.8 Blueshift Materials Inc.
    • 6.4.9 Cabot Corporation
    • 6.4.10 ENERSENS
    • 6.4.11 Guangdong Alison Technology Co., Ltd.
    • 6.4.12 Knauf Insulation
    • 6.4.13 Nano Tech Co., Ltd.
    • 6.4.14 Ningbo Surnano Aerogel Co., Ltd
    • 6.4.15 Porex
    • 6.4.16 Sino Aerogel
    • 6.4.17 Svenska Aerogel AB
    • 6.4.18 TAASI Corporation
    • 6.4.19 Thermablok Aerogels Ltd.

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-need Assessment
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Global Aerogel Market Report Scope

Aerogels are a synthetic lightweight material, mainly used as insulators in industries exposed to extreme heat and weather conditions. They are used in various applications, including catalysis, thermal insulators, solar energy uses, piezoelectric, energy conversion-storage, low-temperature glass formation, sensors, adsorption, and photocatalysis.

The aerogel market is segmented by type, form, end-user industry, and geography. The market is segmented by silica, carbon, alumina, and other types. By form, the market is segmented into blankets, particles, blocks, and panels. By the end-user industry, the market is segmented into oil and gas, construction, automotive, marine, aerospace, and other end-user industries. The report also covers the market size and forecasts for the aerogel market in 15 countries across major regions. For each segment, the market size and forecasts were made on the basis of value (USD).

By Type
Silica
Carbon
Alumina
Other Types
By Form
Blanket
Particle
Block
Panel
By Application
Thermal Insulation
Acoustic Insulation
Catalyst and Adsorbent
Battery and Energy Storage
Day-lighting and Translucent Panels
Other Applications
By End-user Industry
Oil and Gas
Construction
Automotive
Marine
Aerospace
Other End-user Industries
By Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Rest of Middle-East and Africa
By Type Silica
Carbon
Alumina
Other Types
By Form Blanket
Particle
Block
Panel
By Application Thermal Insulation
Acoustic Insulation
Catalyst and Adsorbent
Battery and Energy Storage
Day-lighting and Translucent Panels
Other Applications
By End-user Industry Oil and Gas
Construction
Automotive
Marine
Aerospace
Other End-user Industries
By Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Rest of Middle-East and Africa
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Key Questions Answered in the Report

What is the current size of the aerogel market?

The aerogel market stands at USD 0.90 billion in 2025 and is forecast to reach USD 1.46 billion by 2030.

Which segment holds the largest aerogel market share today?

Silica aerogels dominate with a 72% share and remain the fastest-growing type as well.

Why is aerogel favored for LNG infrastructure?

Aerogel blankets like Cryogel deliver ultra-low thermal conductivity at −200 °C while resisting moisture, critical for minimizing boil-off gas and corrosion in LNG facilities.

How are energy-efficiency regulations influencing demand?

Updated 2021 IECC and ASHRAE 90.1 codes require higher R-values; aerogel insulation helps builders comply without thick walls, driving uptake across North America and Europe.

What is driving aerogel use in electric vehicles?

Safety standards now demand thermal barriers that prevent battery thermal runaway; Aspen Aerogels’ PyroThin has triggered a 540% revenue jump in this application.

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