Aerogel Market to Reach US$ 4.52 Bn by 2030
The worldwide Aerogel market measurement is anticipated to achieve USD 4.52 billion by 2030 and is anticipated to increase at a CAGR of 20.1% from 2021 to 2030.
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Growth Factors
Growing product usage for insulation applications in various industries, such as automotive, aerospace & defense, building & construction, oil & gas, and other industries, is expected to drive the market. Aerogels provide innovative and eco-friendly solutions for light-diffusing and high-performance insulation in architectural daylighting applications. Cabot Corp. provides LUMIRA aerogel, water-repelling particles produced through a subcritical drying process that exhibits a broader scope of applications including subsea pipe insulation and daylighting. The rapid development of the aerogel for high-temperature insulation primarily in the oil & gas industry, due to low thermal conductivity is expected to drive the market over the forecast period.
Report Coverage
Report Highlights | Details |
Market Size | USD 4.52 billion by 2030 |
Growth Rate | CAGR of 20.1% From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Product, Form, Technology, End-use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Cabot Corp.; BASF SE; Nano Technology Co., Ltd.; Dow, Inc.; Enersens |
Report Highlight
The silica aerogel product segment led the aerogel market in 2020 accounting for a revenue share of more than 77%. This is attributed to the non-organic structures of these products, which are non-combustible and can bear heat up to 1,4000C. Thus, they exhibit excellent heat endurance and thermal insulation properties, which boosts their demand.
Polymer aerogel products are expected to witness the fastest CAGR of 30% during the forecast period on account of their superior chemical and physical properties as compared to their silica counterparts. Polymer aerogels have applications in various end-use industries including defense, electrical & electronics, building and construction, and several others.
The blanket form segment led the market in 2020 with a revenue share of more than 78%. The blanket structure turns the fragile aerogel into a flexible and durable material. These blankets are witnessing high penetration in building applications owing to water repellency and light diffusion properties.
The particle form segment is expected to witness a notable CAGR of 26.7% over the forecast years on account of their superior thermal and light diffusion properties. These particles have strong flowability, and therefore are easy to handle and transport. The granules are particularly used for daylighting and aerogel powder as performance additives.
The supercritical drying technology segment led the market and accounted for a revenue share of more than 84% in 2020. Supercritical drying of aerogels is considered the most important step during aerogel production since it preserves their three-dimensional pore structures. This leads to unique properties, such as low density and a large surface area of aerogels.
The oil & gas end-use segment led the market in 2020 with a revenue share of more than 74%. Construction, fabrication, operation of pipelines, and other systems require a versatile insulation material, such as aerogel, that exhibits high porosity, low-density, low dielectric constant, and excellent heat insulation properties.
North America dominated the global market in 2020 with a revenue share of more than 56% and is expected to expand further at a steady CAGR of 20.1% over the forecast period. This trend is attributed to the consolidated structure of the industry along with the high concentration of aerogel manufacturers located in the region, especially in the U.S.
Key Players
- Cabot Corp.
- BASF SE
- Nano Technology Co., Ltd.
- Dow, Inc.
- Enersens
Market Segmentation
- Product
- Silica
- Polymers
- Carbon
- Others
- End-use
- Oil & Gas
- Building & Construction
- Automotive, Aerospace & Marine
- Performance Coatings
- Other End-uses
- Form
- Blanket
- Particle
- Panel
- Monolith
- Technology
- Supercritical Drying
- Other Technologies
- Regional
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Aerogel Market, By Product
7.1. Aerogel Market, by Product, 2021-2030
7.1.1. Silica
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Polymers
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Carbon
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Aerogel Market, By End-use
8.1. Aerogel Market, by End-use, 2021-2030
8.1.1. Oil & Gas
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Building & Construction
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Automotive, Aerospace & Marine
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Performance Coatings
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Other End-uses
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Aerogel Market, By Form
9.1. Aerogel Market, by Form, 2021-2030
9.1.1. Blanket
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Particle
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Panel
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Monolith
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Aerogel Market, By Technology
10.1. Aerogel Market, by Technology, 2021-2030
10.1.1. Supercritical Drying
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Other Technologies
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Aerogel Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by End-use (2017-2030)
11.1.3. Market Revenue and Forecast, by Form (2017-2030)
11.1.4. Market Revenue and Forecast, by Technology (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.6.2. Market Revenue and Forecast, by End-use (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Form (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Technology (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by End-use (2017-2030)
11.2.3. Market Revenue and Forecast, by Form (2017-2030)
11.2.4. Market Revenue and Forecast, by Technology (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End-use (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Form (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Technology (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End-use (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Form (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Technology (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.8.2. Market Revenue and Forecast, by End-use (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Form (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Technology (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by End-use (2017-2030)
11.3.3. Market Revenue and Forecast, by Form (2017-2030)
11.3.4. Market Revenue and Forecast, by Technology (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End-use (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Form (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Technology (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End-use (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Form (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Technology (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.8.2. Market Revenue and Forecast, by End-use (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Form (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Technology (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by End-use (2017-2030)
11.4.3. Market Revenue and Forecast, by Form (2017-2030)
11.4.4. Market Revenue and Forecast, by Technology (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End-use (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Form (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Technology (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End-use (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Form (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Technology (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.8.2. Market Revenue and Forecast, by End-use (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Form (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Technology (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End-use (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Form (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Technology (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.6.2. Market Revenue and Forecast, by End-use (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Form (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Technology (2017-2030)
Chapter 12. Company Profiles
12.1. Cabot Corp.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. BASF SE
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Nano Technology Co., Ltd.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Dow, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Enersens
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
Glossary of Terms
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