Aerogel Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 1.41 Billion
CAGR (2026-2031)	15.51%
Fastest Growing Segment	Silica
Largest Market	North America
Market Size (2031)	USD 3.35 Billion

Market Overview

The Global Aerogel Market will grow from USD 1.41 Billion in 2025 to USD 3.35 Billion by 2031 at a 15.51% CAGR. Aerogels are nanoporous solid materials derived from a gel in which the liquid component has been replaced with gas, resulting in extremely low density and superior thermal insulation properties. The global market is primarily supported by strict regulations necessitating energy-efficient building materials and the critical demand for thermal runaway protection in electric vehicle batteries. Illustrating the rapid expansion of this key end-use sector, according to the European Automobile Manufacturers' Association, in 2024, battery-electric cars achieved a market share of 13.6% within the European Union, signaling a robust trajectory for automotive thermal management solutions.

However, a significant challenge impeding broader market expansion is the high manufacturing cost associated with complex production methods such as supercritical drying. This price premium, when compared to traditional insulation materials like mineral wool or fiberglass, restricts aerogel adoption primarily to specialized applications where space and weight savings justify the additional expense, thereby preventing mass-market penetration in cost-sensitive industries.

Key Market Drivers

Rapid integration into electric vehicle battery thermal management systems is acting as a primary catalyst for the Global Aerogel Market. As automotive manufacturers prioritize safety standards, aerogel barriers are increasingly adopted to mitigate thermal runaway events in lithium-ion battery packs, offering a lightweight solution that maintains high energy density. This surge in sector-specific demand is evident in the financial performance of key industry players pivotally focused on this application. According to Aspen Aerogels, November 2024, in the 'Third Quarter 2024 Financial Results', the company's Thermal Barrier segment revenue reached $90.6 million, marking a 176% increase year-over-year. This significant growth underscores the material's transition from a niche industrial insulator to a critical component in the high-volume automotive supply chain.

Simultaneously, manufacturing innovations lowering aerogel production costs are facilitating broader market expansion by addressing historic price-performance barriers. Industry leaders and government bodies are investing in new production facilities designed to achieve economies of scale, thereby reducing unit costs for both emerging and traditional applications. For instance, according to the U.S. Department of Energy, October 2024, in the 'Conditional Commitment to Aspen Aerogels' announcement, the Loan Programs Office committed up to $670 million to finance the construction of a large-scale aerogel manufacturing facility. Such capital advancements are essential for sustaining demand in established cost-sensitive sectors as well; according to Aspen Aerogels, March 2024, in the '2023 Annual Report', the Energy Industrial segment generated $128.6 million in revenue, illustrating the substantial existing market base that stands to benefit from improved production capabilities.

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Key Market Challenges

The high manufacturing cost associated with complex production methods, particularly supercritical drying, stands as a formidable barrier impeding the growth of the Global Aerogel Market. This intricate production process demands significant energy consumption and specialized infrastructure, resulting in a final product that carries a steep price premium compared to conventional alternatives. Because of this economic disparity, mass-market sectors such as residential building and general construction continue to rely on traditional, lower-cost materials like mineral wool or fiberglass. Consequently, aerogels remain confined to specialized, high-performance applications where extreme thermal efficiency outweighs budgetary concerns, limiting the industry's ability to achieve necessary economies of scale.

This cost-competitiveness gap is statistically evident and severely restricts broader market penetration into high-volume sectors. According to the European Materials Research Society, in 2023, the average production cost of silica aerogel blankets ranged between €80 and €120 per square meter, which is significantly higher than the cost of standard insulation materials. This substantial financial differential prevents the material from becoming a viable standard in cost-sensitive industries, effectively stalling its expansion into the mainstream insulation market despite its superior performance characteristics.

Key Market Trends

The increasing dominance of aerogel blankets for industrial retrofitting is significantly reshaping the maintenance strategies within the global energy infrastructure sector. Operators of aging oil and gas facilities, as well as liquefied natural gas (LNG) plants, are shifting away from rigid insulation materials in favor of flexible aerogel blankets that offer superior thermal efficiency and corrosion under insulation (CUI) mitigation. This trend is driven by the need to extend asset lifecycles and reduce energy loss in complex piping networks where traditional materials fail to provide adequate coverage. The financial impact of this shift is substantial; according to Aspen Aerogels, February 2025, in the 'Fourth Quarter and Fiscal Year 2024 Financial Results', the company's Energy Industrial segment achieved a record quarterly revenue of $53.1 million, highlighting the accelerating demand for these specialized retrofitting solutions.

Simultaneously, the integration of aerogel into high-performance cold weather apparel and footwear is transitioning the material from niche industrial use to the mainstream consumer market. Brands are leveraging the material's low thermal conductivity to create ultra-thin, non-bulky insulation layers that maintain warmth without the volume associated with down or synthetic fillers. This application is gaining commercial traction as manufacturers successfully embed aerogel particles into textiles to ensure durability and washability. Validating this commercial potential, according to Svenska Aerogel, December 2025, in the 'Sales update – 170 ongoing customer projects' press release, a recurring project with a North American outdoor industry customer for thermal-insulating textile applications is estimated to generate an annual value of 20 to 30 MSEK once it reaches the mature phase.

Segmental Insights

The silica segment is projected to witness the fastest growth within the Global Aerogel Market, driven primarily by its extensive utility in thermal insulation applications. Industries such as construction and oil and gas increasingly utilize silica aerogels due to their exceptional thermal resistance and lightweight structure. This demand is further amplified by stringent building codes and energy efficiency mandates established by entities like the European Commission, which encourage the adoption of high-performance insulating materials to reduce carbon footprints. Consequently, manufacturers are prioritizing silica production to meet the rising global requirement for sustainable industrial solutions.

Regional Insights

North America dominates the Global Aerogel Market, primarily due to extensive product adoption within the oil and gas sector for critical pipeline and refinery insulation. This regional leadership is further reinforced by the construction industry, where stringent building codes necessitate high-performance materials to meet energy conservation standards. Institutions such as the U.S. Department of Energy (DOE) actively support this ecosystem by funding initiatives that advance insulation technologies for improved energy efficiency. Additionally, the concentration of major domestic manufacturers facilitates continuous innovation and rapid commercialization, solidifying the region's position as the central hub for aerogel development.

Recent Developments

In June 2025, Alkegen announced the full-scale commercial production of its proprietary fiber-enhanced aerogel insulation designed for electric vehicle battery fire protection. The product is engineered to provide robust thermal runaway protection for lithium-ion battery systems, addressing a critical safety requirement in the industry. The launch aims to meet the increasing demand for safer and more efficient thermal management solutions in the electric vehicle market. The material features a low-dust profile and superior thermal efficiency, enabling automakers to integrate the insulation into space-constrained battery packs without the need for full encapsulation or complex handling procedures.
In September 2024, Armacell announced the acquisition of all remaining shares in its joint venture, Armacell JIOS Aerogels Limited (AJA), from its partner JIOS Aerogel. This transaction granted the company complete ownership of the manufacturing facility in South Korea, which produces silica aerogel blankets. The acquisition followed the successful establishment of the joint venture in 2016 and aligns with the company's strategy to expand its energy and industrial business. The move allows the firm to further scale its aerogel production capacities and focus on technological innovations for high-temperature and cryogenic insulation applications in the energy and automotive sectors.
In July 2024, AeroShield Materials announced the opening of its new pilot manufacturing facility in Waltham, Massachusetts. This 12,000-square-foot site is designed to scale up the production of the company's transparent silica aerogel sheets, which are utilized to enhance the energy efficiency of windows and doors. The expansion includes advanced research and development laboratories, manufacturing equipment, and assembly lines to produce and certify full-sized products. The facility represents a crucial step in the company's efforts to decarbonize the built environment by supplying super-insulating materials to window and door manufacturers for both residential and commercial applications.
In March 2024, Svenska Aerogel announced a significant update regarding its customer portfolio, securing a new key customer within the transport segment. This new partner, a renowned European supplier to the global automotive industry, replaced a previous Asian producer of battery safety solutions in the company's strategic focus. The collaboration is expected to involve substantial volume potential, with the customer preparing projects that utilize the company's Quartzene aerogel material for insulation and fire protection. This development aligns with the firm's strategy to support clients in rapidly progressing to the commercial phase and meeting the growing demand for sustainable material solutions.

Key Market Players

Aspen Aerogels, Inc.
Cabot Corporation
Aerogel Technologies, LLC
Armacell International S.A.
BASF SE
Active Aerogels LDA
Enersens SAS
JIOS Aerogel Corporation
Guangdong Alison Hi‑Tech Co., Ltd.
Nano Technology Co., Ltd.

By Type	By Form	By Processing	By Application	By Region
Silica Carbon Polymer & Others	Blanket Particle Panel & Monolith	Virgin Composites & Additives	Oil & Gas Construction Transportation Performance Coating Day-lighting & LVHS & Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Aerogel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Aerogel Market, By Type:

Silica
Carbon
Polymer & Others

Aerogel Market, By Form:

Blanket
Particle
Panel & Monolith

Aerogel Market, By Processing:

Virgin
Composites & Additives

Aerogel Market, By Application:

Oil & Gas
Construction
Transportation
Performance Coating
Day-lighting & LVHS & Others

Aerogel Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Aerogel Market.

Available Customizations:

Global Aerogel Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Aerogel Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Aerogel Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Silica, Carbon, Polymer & Others)

5.2.2. By Form (Blanket, Particle, Panel & Monolith)

5.2.3. By Processing (Virgin, Composites & Additives)

5.2.4. By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS & Others)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Aerogel Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Form

6.2.3. By Processing

6.2.4. By Application

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Aerogel Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Form

6.3.1.2.3. By Processing

6.3.1.2.4. By Application

6.3.2. Canada Aerogel Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Form

6.3.2.2.3. By Processing

6.3.2.2.4. By Application

6.3.3. Mexico Aerogel Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Form

6.3.3.2.3. By Processing

6.3.3.2.4. By Application

7. Europe Aerogel Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Form

7.2.3. By Processing

7.2.4. By Application

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Aerogel Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Form

7.3.1.2.3. By Processing

7.3.1.2.4. By Application

7.3.2. France Aerogel Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Form

7.3.2.2.3. By Processing

7.3.2.2.4. By Application

7.3.3. United Kingdom Aerogel Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Form

7.3.3.2.3. By Processing

7.3.3.2.4. By Application

7.3.4. Italy Aerogel Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Form

7.3.4.2.3. By Processing

7.3.4.2.4. By Application

7.3.5. Spain Aerogel Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Form

7.3.5.2.3. By Processing

7.3.5.2.4. By Application

8. Asia Pacific Aerogel Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Form

8.2.3. By Processing

8.2.4. By Application

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Aerogel Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Form

8.3.1.2.3. By Processing

8.3.1.2.4. By Application

8.3.2. India Aerogel Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Form

8.3.2.2.3. By Processing

8.3.2.2.4. By Application

8.3.3. Japan Aerogel Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Form

8.3.3.2.3. By Processing

8.3.3.2.4. By Application

8.3.4. South Korea Aerogel Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Form

8.3.4.2.3. By Processing

8.3.4.2.4. By Application

8.3.5. Australia Aerogel Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Form

8.3.5.2.3. By Processing

8.3.5.2.4. By Application

9. Middle East & Africa Aerogel Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Form

9.2.3. By Processing

9.2.4. By Application

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Aerogel Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Form

9.3.1.2.3. By Processing

9.3.1.2.4. By Application

9.3.2. UAE Aerogel Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Form

9.3.2.2.3. By Processing

9.3.2.2.4. By Application

9.3.3. South Africa Aerogel Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Form

9.3.3.2.3. By Processing

9.3.3.2.4. By Application

10. South America Aerogel Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Form

10.2.3. By Processing

10.2.4. By Application

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Aerogel Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Form

10.3.1.2.3. By Processing

10.3.1.2.4. By Application

10.3.2. Colombia Aerogel Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Form

10.3.2.2.3. By Processing

10.3.2.2.4. By Application

10.3.3. Argentina Aerogel Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Form

10.3.3.2.3. By Processing

10.3.3.2.4. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Aerogel Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Aspen Aerogels, Inc.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Cabot Corporation

15.3. Aerogel Technologies, LLC

15.4. Armacell International S.A.

15.5. BASF SE

15.6. Active Aerogels LDA

15.7. Enersens SAS

15.8. JIOS Aerogel Corporation

15.9. Guangdong Alison Hi‑Tech Co., Ltd.

15.10. Nano Technology Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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