Europe Aerogel Market Size & Outlook, 2022-2030
Europe aerogel market, 2018-2030 (US$M)
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Europe aerogel market highlights
- The Europe aerogel market generated a revenue of USD 312.1 million in 2022.
- The market is expected to grow at a CAGR of 16.1% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 312.1 million |
| Market revenue in 2030 | USD 1,033.2 million |
| Growth rate | 16.1% (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, Europe region accounted for 29.9% 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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Europe 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 62% in 2022. Horizon Databook has segmented the Europe aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
The key factor supporting the aerogel market growth in Europe is the European Union's energy efficiency policy, which mandates all buildings across countries such as Germany, the UK, Spain, Italy, and others to reduce their energy consumption by 20%. The market growth in the region is attributed to the presence of key players such as BASF SE, Enersens, Aspen Aerogels, Inc., and Cabot Corporation.
Russia is one of the leading consumers of aerogel in the region on account of the country being major producer of oil & natural gas. The UK and Germany are expected to be lucrative markets for the penetration of aerogels owing to the increasing demand from the well-established automotive and building & construction players.
The expansion of building & construction industry in Europe has bolstered the demand for silica aerogels as they offer low thermal conductivity, optical transparency, hydrophobicity, low bulk density, and high surface area. In countries such as Germany, Italy, the UK, and Spain, the governments have taken initiatives to develop infrastructure, boosting commercial and residential projects.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe aerogel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aerogel market size, by country, 2018-2030 (US$M)
Europe Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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