India Aerogel Market to Grow with a CAGR of 5.38% through 2029
Growing demand of aerogel in oil & gas industry is
expected to drive the India Aerogel Market growth in the forecast period, 2025-2029
According to TechSci Research report, “India Aerogel
Market- By Region, Competition, Forecast and Opportunities,
2019-2029”, the India Aerogel Market stood at USD44.63 million in 2023 and is
anticipated to grow with a CAGR of 5.38% in the forecast period, 2024-2029. Initiatives
taken by government based on aerogel has led to favorable market conditions for
the India Aerogel Market. Several factors contribute to the growth of various aerogel
products.
The Indian government has shown a keen interest in
exploring the use of aerogel-based methods for treating effluent from textile
dyeing, as a part of their commitment to making the textile industry more
environmentally friendly. They are actively supporting catalysts that
effectively decompose pollutants and implementing advanced adsorption
techniques.
In line with this vision, the government has extended
its support to companies like Aerogel One Ltd., a leading player in the
industry. Aerogel One Ltd. has proposed to establish a state-of-the-art
manufacturing unit for the production of silica-based aerogel insulation
sheets, which are known for their exceptional thermal insulation properties.
This support from the government is a testament to their dedication to
fostering a conducive environment for the growth and development of the aerogel
industry in India.
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Aerogel Market”
Silica-based aerogels, known for their exceptional
properties, are highly valued in the oil and gas industry. These aerogels,
commonly referred to as "frozen smoke," possess remarkable
characteristics that make them indispensable for various applications. Notably,
their lightweight nature combined with low thermal conductivity and excellent
thermal resistance makes them an ideal choice for insulation in critical oil
and gas infrastructures such as pipelines, refineries, and offshore platforms.
In recent years, the use of aerogel blankets in the
oil and gas industry has seen a significant rise. These blankets exhibit
superior insulation properties, effectively reducing heat loss and improving
energy efficiency. The integration of aerogel blankets contributes to enhanced
safety measures, ensuring operational excellence in oil and gas facilities.
With their remarkable insulation capabilities, aerogel blankets play a crucial
role in preserving energy, optimizing operational costs, and increasing the overall
safety standards of the oil and gas industry.
The India Aerogel Market is segmented into material, application,
regional distribution, and company.
Based on its material, the polymer segment held the
largest market share in the forecast period. Polymer aerogels, known for their
superior chemical and physical properties, offer distinct advantages over
silica aerogels. These versatile materials find applications in a wide range of
industries including defense, electronics, construction, automotive, and
telecommunications. In defense applications, polymer aerogels provide excellent
insulation and impact resistance. In electronics, they serve as effective
substrates for various components.
Furthermore, their use in building and construction
applications enhances thermal insulation and structural integrity. Polymer
aerogels also find their way into vehicle interiors, providing lightweight and
durable solutions. Lastly, they are utilized in antennas for their exceptional
dielectric properties. Although polymer aerogels may not possess the same
transparency and low thermal conductivity as silica aerogels, their mechanical
robustness in monolithic form compensates for these drawbacks, making them a
viable choice for various applications.
Based on region, West India segment is expected to
grow during the forecast period.
The western region of India, renowned for its strong
emphasis on research and development, has witnessed significant investments in
advanced materials research. Notably, companies and educational institutions in
this region are dedicating substantial resources to explore the potential of
aerogels. These investments have not only spurred breakthroughs in aerogel
production techniques but have also paved the way for pioneering applications,
thereby propelling market growth in this domain.
Major companies operating in India Aerogel Market are:
- AEROGEL INSULATION INDIA PVT. LTD.
- BASF India Ltd.
- Cabot India Ltd.
- Virtela India Pvt. Ltd.
- Ciena India Pvt. Ltd.
- Dow Chemical International Pvt Ltd
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“Growing application of Aerogel in various end user
industries are key drivers of the aerogel market. Growth in competitive
landscape and presence of well-established companies in the market who are
dedicated to enhance their productivity of aerogel with every passing year are
anticipated to register an impressive growth to India Aerogel Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“India Aerogel Market By Material (Silica,
Carbon, Alumina, Polymer, Others), By Application (Oil & Gas, Construction,
Transportation, Performance Coating, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated
the future growth potential of India Aerogel Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Aerogel Market.
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