U.S. Aerogel Market Size & Outlook, 2022-2030
U.S. aerogel market, 2018-2030 (US$M)
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U.S. aerogel market highlights
- The U.S. aerogel market generated a revenue of USD 387.2 million in 2022 and is expected to reach USD 1,118.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 14.2% 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 387.2 million |
| Market revenue in 2030 | USD 1,118.1 million |
| Growth rate | 14.2% (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, U.S. accounted for 37.0% 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 North America, U.S. aerogel market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,118.1 million by 2030.
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Aerogel Market Scope
Aerogel Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 67.61% in 2022. Horizon Databook has segmented the U.S. aerogel market based on silica, polymers, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. holds strong dominance in the aerogels market using to increased awareness among manufacturers regarding the benefits of aerogels as compared to other insulating material, presence of key players that are constantly working on research and development for improved aerogels along with support from government for funding the research.
With the well-established aerospace, marine, automobiles, building and construction, performance coating, oil and natural gas industry in the U.S., the use of aerogels for these applications prevails in high volume.
The government in the U.S. is constantly offering subsidy and promoting the use of electric vehicles along with encouraging manufacturers across automotive industry and its suppliers by offering funding to them with the view to offer efficient electric vehicles and increase penetration of it.
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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 country-level data and insights on the U.S. aerogel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aerogel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aerogel market size, by product, 2018-2030 (US$M)
U.S. Aerogel Market Outlook Share, 2022 & 2030 (US$M)
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