UK Aerogel Market Size & Outlook, 2022-2030
UK aerogel market, 2018-2030 (US$M)
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UK aerogel market highlights
- The UK aerogel market generated a revenue of USD 53.6 million in 2022 and is expected to reach USD 151.0 million by 2030.
- The UK market is expected to grow at a CAGR of 13.8% 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 53.6 million |
| Market revenue in 2030 | USD 151.0 million |
| Growth rate | 13.8% (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, UK accounted for 5.1% 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 Europe, Germany aerogel market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 318.5 million by 2030.
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Aerogel Market Scope
Aerogel Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 66.98% in 2022. Horizon Databook has segmented the UK aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
The penetration of carbon aerogels is expected to increase in U.K. during the forecast period and the segment is expected to witness highest growth. In 2016, Bio Nano Consulting Innovation Hub (BNC) was granted patent for the technology for synthesizing carbon nanotube-based aerogels with superior mechanical, physical, and electrical properties.
There are number of utilizations for the carbon aerogels during the technology and production process by BNC such as transparent conductive carbon nanotubes films, non-reflective panels, electrochemical devices, catalyst supports, materials for space applications, filters for liquids, gas absorbents and as water purification medium.
The extraordinary electrical properties and the low volumetric thickness of these carbon aerogels lead to their expected use as supercapacitors for aforementioned applications, thus bolstering increased sales during the forecast period. Based on form, the aerogel market is dominated by blanket aerogels in U.K. owing to its increased demand from the oil and natural gas industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK aerogel market , including forecasts for subscribers. This country databook contains high-level insights into UK aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK aerogel market size, by product, 2018-2030 (US$M)
UK Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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