Middle East & Africa Aerogel Market Size & Outlook
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MEA aerogel market highlights
- The MEA aerogel market generated a revenue of USD 79.9 million in 2024.
- The market is expected to grow at a CAGR of 20.1% from 2025 to 2030.
- In terms of segment, silica was the largest revenue generating product in 2024.
- Carbon is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 79.9 million |
| Market revenue in 2030 | USD 237.3 million |
| Growth rate | 20.1% (CAGR from 2025 to 2030) |
| Largest segment | Silica |
| Fastest growing segment | Carbon |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, MEA region accounted for 5.8% of the global aerogel market in 2024.
- 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 |
|---|---|---|---|---|
| JIOS Aerogel Pte Ltd | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | https://jiosaerogel.com/ |
| TUNE | View profile | 101-250 | Seattle, Washington, United States, North America | http://tune.com |
| Active Aerogels | View profile | - | Coimbra, Coimbra, Portugal, Europe | http://activeaerogels.com |
| Aspen Aerogels Inc | View profile | 548 | 30 Forbes Road, Building B, Northborough, MA, United States, 01532 | https://www.aerogel.com |
| Nano One Materials Corp | View profile | 132 | 8575 Government Street, Unit 101B, Burnaby, BC, Canada, V3N 4V1 | https://www.nanoone.ca |
| Cabot Corp | View profile | 4300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | https://www.cabotcorp.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa 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 86.73% in 2024. Horizon Databook has segmented the Middle East & Africa aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa aerogel market is expected to witness growth on account of widespread product application in aerospace, automotive, building & construction, and oil & natural gas industries. However, the use of alternative insulation materials such as polyurethane foam, rock wool, mineral wool, stone wool, and others is high in the region.
The high production cost of aerogels due to the multistep synthesis process is expected to prompt manufacturers to opt for cheap available alternatives, thus, limiting the aerogel market growth over the forecast period. Silica aerogel holds the largest share in the Middle East & Africa aerogel market in 2020, owing to its cost-effectiveness.
Aspen Aerogels, Inc. is one of the leading suppliers of silica aerogels for manufacturers in building and construction, oil, and natural gas, automotive, and others in the Middle East. Major operators in the Middle East are already using Aspen Aerogels, Inc. products such as Cryogel and Pyrogel.
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Our clientele includes a mix of aerogel market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aerogel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Aerogel Market Outlook Share, 2024 & 2030 (US$M)
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