Asia Pacific Aerogel Market Size & Outlook, 2022-2030
Asia Pacific aerogel market, 2018-2030 (US$M)
Related Markets
Asia Pacific aerogel market highlights
- The Asia Pacific aerogel market generated a revenue of USD 175.8 million in 2022.
- The market is expected to grow at a CAGR of 17.4% from 2023 to 2030.
- In terms of segment, silica was the largest revenue generating product in 2022.
- Polymers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 175.8 million |
| Market revenue in 2030 | USD 635.3 million |
| Growth rate | 17.4% (CAGR from 2022 to 2030) |
| Largest segment | Silica |
| Fastest growing segment | Polymers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silica, Polymers, Carbon |
| Key market players worldwide | Aspen Aerogels Inc, Cabot Corp, Active Aerogels, Basf SE, Nano One Materials Corp, Dow Inc, Emerson Electric Co, TUNE, JIOS Aerogel Pte Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.8% of the global aerogel market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 237.3 million by 2030.
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Aerogel Market Scope
Aerogel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aerogel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerogel market will help companies and investors design strategic landscapes.
Silica was the largest segment with a revenue share of 67.69% in 2022. Horizon Databook has segmented the Asia Pacific aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
The properties of aerogel such as lightweight and thinness, high insulation, superior thermal resistance, and cost-effectiveness coupled with the abundant availability of raw material such as silica are some of the factors accelerating the growth of the aerogel market in Asia Pacific.
Aerogels are increasingly being used as insulators in various industries such as automotive, aerospace, and building & construction. China stands as the leading consumer of aerogels in the region, attributable to properties such as low density and ultra-light thermal insulation material for application in space crafts.
These properties offered by aerogels are expected to make them the most suitable raw material in the manufacture of several commodities in transport, oil & gas, performance coating, and building & construction industries.
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Target buyers of Asia Pacific aerogel market databook
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Our clientele includes a mix of aerogel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerogel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerogel market size, by country, 2018-2030 (US$M)
Asia Pacific Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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