Aerogel Market To Reach $3.49 Billion By 2030 | CAGR: 17.0%

Aerogel Market Growth & Trends

The global aerogel market size is expected to reach USD 3.49 billion by 2030, registering a CAGR of 17.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Aerogel has a wide application portfolio due to its unique qualities and ongoing research & development regarding its usage in new and advanced applications. Its properties including superior thermal resistance, lightweight, very low density, fire resistance, and excellent thermal insulation are likely to boost its demand across varied applications.

Aerogels can provide innovative and environment-friendly solutions for high-performance insulation and light-diffusing in a wide range of architectural daylighting applications. Major players offer advanced and innovative solutions for architectural applications. For instance, Cabot Corporation provides LUMIRA aerogel an innovative high-performance insulation for architectural daylighting. The key benefits offered by the LUMIRA aerogel include natural light diffusing insulated glass units, structural composite panels, structural polycarbonate systems, U-channel glass, unit skylights, smoke vents, tensile structures, and fabric roofing.

Moreover, the development of advanced aerogels from waste is likely to create potential growth opportunities over the forecast period as the concerns associated with waste management are increasing among private as well as public organizations. The governments are making possible efforts for proper management of continuously increasing amounts of waste. Additionally, awareness about the usage of environment-friendly materials is rising among the end-users, this is another factor projected to generate potential growth in the near future.

Aerogels can be molded into thin films or monoliths and used in thermal insulation, acoustic, thin-film coatings, vibration damping, or any place where structural foam is required such as the automotive industry. The automotive industry is shifting from internal combustion engines (ICEs) to fully electric and automatic moving machines. Earlier, companies focused on specified parameters, including efficiency, comfort, performance, or safety. However, with the help of aerogels, all these requirements can be clubbed together, thus, making aerogels an ideal raw material in the automotive industry.

The manufacturers in the market have agreements with suppliers, distributors, exporters, or online sellers for the disbursal of the product in the end-use market. Efficient distribution is one of the major challenging factors responsible for the slow expansion of manufacturers in foreign markets. The high production cost involved in the manufacturing of aerogel as well as its fragility and delicacy associated with the transportation in distant locations involved in the final delivery is likely to restrict its growth to an extent over the forecast timeframe.

The market is moderately competitive in nature owing to the presence of a few manufacturers which are consolidated in North America and Middle East & Africa. The strong presence of major players along with the presence of opportunities in developing countries with huge investing power for continuous development exhibits highly competitive rivalry among the players.

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Aerogel Market Report Highlights

• The silica segment accounted for the largest market revenue share of 64.9% in 2024. Silica aerogels have attracted increased traction worldwide due to their efficient chemical properties and their existing and potential applications in various technological areas.

• The supercritical drying segment led the market and accounted for a 71.3% share of the global revenue in 2024 since it enables the preservation of their three-dimensional pore structures.

• The blanket segment accounted for the largest market revenue share of 65.4% in 2024. Aerogel blankets are composed of silica aerogel, known for its exceptional thermal resistance and low density.

• The oil & gas segment accounted for the largest market revenue share of 61.0% in 2024.

• North America aerogel market dominated the industry and accounted for 44.4% of global revenue in 2024, owing to increasing demand from industries, including aerospace, building & construction, automotive, and oil & gas.

Aerogel Market Segmentation

Grand View Research has segmented the global aerogel market on the basis of on product, technology, form, end-use, and region:

Aerogel Product Outlook (Revenue, USD Million, 2018 - 2030)

• Silica

• Polymers

• Carbon

• Others

Aerogel Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Supercritical Drying

• Other Drying

Aerogel Form Outlook (Revenue, USD Million, 2018 - 2030)

• Blanket

• Particle

• Panel

• Monolith

Aerogel End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Oil & Gas

• Building & Construction

• Automotive, Aerospace & Marine

• Performance Coatings

• Others

Aerogel Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Belgium

  • Poland

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Aerogel Market

• Aspen Aerogels, Inc.

• Cabot Corporation

• Aerogel Technologies, LLC

• Active Aerogels, LDA

• BASF

• JIOS Aerogel Corporation

• Nano Technology Co., Ltd.

• Dow

• Enersens