Middle East & Africa Aerogel Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$56.7

Forecast, 2030 (US$M)

$237.3

CAGR, 2023 - 2030

19.6%

Report Coverage

Middle East & Africa

Middle East & Africa aerogel market, 2018-2030 (US$M)

Related Markets

Global Aerogel Industry Outlook

North America Aerogel Market Outlook

U.S. Aerogel Market Outlook

Europe Aerogel Market Outlook

Germany Aerogel Market Outlook

UK Aerogel Market Outlook

Asia Pacific Aerogel Market Outlook

Japan Aerogel Market Outlook

China Aerogel Market Outlook

Latin America Aerogel Market Outlook

Brazil Aerogel Market Outlook

MEA aerogel market highlights

The MEA aerogel market generated a revenue of USD 56.7 million in 2022.
The market is expected to grow at a CAGR of 19.6% from 2023 to 2030.
In terms of segment, silica was the largest revenue generating product in 2022.
Carbon is the most lucrative product segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2022	USD 56.7 million
Market revenue in 2030	USD 237.3 million
Growth rate	19.6% (CAGR from 2022 to 2030)
Largest segment	Silica
Fastest growing segment	Carbon
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, MEA region accounted for 5.4% 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.

Key Regions: U.S. , UK , Japan , Brazil , Germany

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Aerogel Market Scope

Aerogel market segmentation & scope

Product

Silica

Polymers

Carbon

Others

Form

Blanket

Particle

Panel

Monolith

End Use

Oil & Gas

Building & Construction

Automotive, Aerospace & Marine

Performance Coatings

Others

Technology

Supercritical Drying

Other Drying

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Germany

China

Japan

Brazil

Aerogel Market Companies

Name	Profile	# Employees	HQ	Website

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 75.31% in 2022. 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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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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