China Aerogel Market Size & Outlook, 2022-2030
China aerogel market, 2018-2030 (US$M)
Related Markets
China aerogel market highlights
- The China aerogel market generated a revenue of USD 80.3 million in 2022 and is expected to reach USD 267.6 million by 2030.
- The China market is expected to grow at a CAGR of 16.2% 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.
Aerogel market data book summary
| Market revenue in 2022 | USD 80.3 million |
| Market revenue in 2030 | USD 267.6 million |
| Growth rate | 16.2% (CAGR from 2022 to 2030) |
| Largest segment | Silica |
| Fastest growing segment | Polymers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 7.7% of the global aerogel market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerogel market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 142.9 million by 2030.
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Aerogel Market Scope
Aerogel Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 68.99% in 2022. Horizon Databook has segmented the China aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
China counts amongst the major countries involved in the manufacturing and distribution of aerogels globally. Huge investments are poured by Chinese manufacturers to gain market position in the high growth aerogel market.
The Chinese government is also supporting the manufacturers to increase the penetration of energy efficient aerogels for application across aerospace, automotive, building and construction, performance coating, oil, and natural gas, marine, and others. In 2016, the Changzhou National Hi-Tech District signed an agreement for establishing the largest manufacturing facility of aerogels in China.
The plan included establishing 10 additional aerogel facilities in the district with expected output value estimated to be USD 1.5 Billion. The district undertook this initiative owing to aerogels offering high-temperature insulation and material for acoustic delay along with use as carrier of a catalyst for removing pollutants found in water.
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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 country-level data and insights on the China aerogel market , including forecasts for subscribers. This country databook contains high-level insights into China aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China aerogel market size, by product, 2018-2030 (US$M)
China Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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