Carbon Aerogels Market Size To Reach $312.3 Million By 2030

Carbon Aerogels Market Growth & Trends

The global carbon aerogels market size is anticipated to reach USD 312.3 million by 2030 and is anticipated to grow at a CAGR of 20.2% during the forecast period, according to a new report by Grand View Research, Inc. The global Carbon Aerogels industry is experiencing significant growth, driven by the increasing demand for lightweight, high-performance materials across various industries such as aerospace, automotive, and electronics. Carbon aerogels, known for their exceptional properties such as low density, high surface area, and superior thermal and electrical conductivity, are becoming essential in applications that require materials with extreme strength-to-weight ratios. In the aerospace and automotive sectors, carbon aerogels are being increasingly adopted for their ability to reduce weight without compromising performance, leading to improved fuel efficiency and enhanced overall functionality of aircraft and vehicles. This demand is particularly strong in applications such as thermal insulation, heat shields, and structural components where both lightweight and durability are critical.

Additionally, the growing need for efficient energy storage and management solutions is driving the adoption of carbon aerogels in industries like energy, electronics, and battery manufacturing. Carbon aerogels are being used in supercapacitors, batteries, and other energy storage devices due to their high surface area, which enables improved charge storage capabilities and faster energy discharge. As industries push for cleaner energy solutions and more efficient power systems, the versatility and performance of carbon aerogels are positioning them as a key material in next-generation energy storage technologies.

The development of new and advanced manufacturing processes, along with continued innovations in material science, are further accelerating the growth of the market. Advancements in nanotechnology and the increasing ability to fine-tune the properties of carbon aerogels to meet specific application needs are broadening their use in diverse industries. As industries focus on sustainability and reducing environmental impact, the unique characteristics of carbon aerogels, including their low environmental footprint and recyclability, make them an attractive choice. With applications ranging from thermal insulation to electronics and energy storage, the market for carbon aerogels is expected to continue its upward trajectory.

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Carbon Aerogels Market Report Highlights

• The blanket segment led the market and accounted for the largest revenue share of 57.53% in 2024, driven by its superior thermal insulation, lightweight properties, and flexibility. Carbon aerogel blankets are widely used in industries such as aerospace, automotive, energy, and construction, where high-performance insulation is essential.

• The oil & gas segment dominated the market and accounted for the largest revenue share of 61.0% in 2024. driven by the increasing demand for advanced materials with high thermal insulation, lightweight properties, and enhanced performance characteristics in energy-related applications.

• Asia Pacific dominated the market and accounted for the largest revenue share of 31.56% in 2024, due to the rising demand for high-performance materials in energy storage applications.

Carbon Aerogels Market Segmentation

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

Carbon Aerogels Form Outlook (Revenue, USD Million; 2018 - 2030)

• Blanket

• Particle

• Panel

• Monolith

Carbon Aerogels End-use Outlook (Revenue, USD Million; 2018 - 2030)

• Building & Construction

• Oil & Gas

• Automotive, Aerospace & Marine

• Performance Coatings

• Other End-uses

Carbon Aerogels Region Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

• Middle East & Africa

List of Key Players in the Carbon Aerogel Market

• Aerogel Technologies

• American Elements

• Green Earth Aerogel Technologies (GEAT)

• Cabot Corporation

• Aspen Aerogels

• Nanolit