Chicago, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The global aerogel market was valued at US$ 1.41 billion in 2024 and is expected to reach US$ 5.88 billion by 2033, growing at a CAGR of 17.2% during the forecast period 2025–2033.
The global aerogel market is currently undergoing a period of profound and accelerated expansion, driven by a confluence of technological innovation, stringent regulatory mandates, and surging demand from high-growth sectors. This material, once a niche product of laboratories, is now a critical enabler for industries ranging from electric mobility to sustainable construction.
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This analysis provides a meticulously researched overview of the quantitative factors propelling the market forward, offering stakeholders a clear and compelling view of the opportunities that lie ahead. The data, focusing exclusively on findings that paints a picture of a market not just growing, but reshaping the landscape of advanced materials.
Key Findings in Global Aerogel Market
| Market Forecast (2033) | US$ 5.88 billion |
| CAGR | 17.2% |
| Largest Region (2024) | North America (47%) |
| By Product | Silica (67%) |
| By Technology | Supercritical Drying (74%) |
| By End Use | Oil & Gas (64%) |
| Top Drivers |
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| Top Trends |
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| Top Challenges |
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The Electric Vehicle Revolution Serves as a Primary Demand Supercharger
No sector illustrates the explosive demand for aerogel more vividly than the electric vehicle (EV) industry. The aerogel market specifically in EV batteries grew by a staggering factor of nearly 20 between 2021 and 2024, a testament to the material's critical role in thermal management and safety. This is not a historical anomaly but an ongoing trend. A leading manufacturer, Aspen Aerogels, anticipates its EV thermal barrier segment will grow by a factor of 2.8 in 2024 alone, based on 2023 levels. Looking forward, the market for aerogel blankets for electric vehicles is projected to increase by a factor of 13.75 between 2024 and 2033. This intense growth is further confirmed by projections that the market for aerogel in EV batteries will multiply by 4 times between 2024 and 2030.
The ecosystem is maturing rapidly; more than 110 different aerogel products are now specifically designed for EV thermal management applications. This innovation is being battle-tested, as demonstrated in a 2023 pilot where over 30 different EV models were integrated with enhanced aerogel blankets to test performance. Major automotive players are taking notice; as of early 2024, two of the world's top five EV manufacturers are actively trialing Aspen Aerogels’ next-generation "PyroThin 2.0" thermal barriers, signaling imminent, widespread adoption.
Unmatched Material Performance Benchmarks That Define Aerogel's Unique Value Proposition
The demand for aerogel market is fundamentally rooted in its extraordinary physical properties, which continue to be refined by ongoing research. Recently developed aerogel iterations demonstrate exceptionally low thermal conductivity, measured as low as 0.0143 W/mK, setting a new standard for insulation performance. Even standard aerogel products consistently offer excellent thermal insulation in the range of 15-20 mW/m.K, far surpassing traditional materials. The material's versatility is remarkable; for cryogenic applications, specific aerogel blankets are designed to provide stable performance at temperatures as low as -200°C. Conversely, in high-temperature applications like fire protection for EV batteries, aerogel materials are now designed to provide integrity well above 1000°C.
It's extremely low density, often less than 0.2 g/cm³, is a key advantage for lightweighting applications in aerospace and automotive sectors, where every gram matters. Efficiency extends to production, as newly formulated aerogels can reach thermal equilibrium in as little as 10 minutes, shortening industrial processing and construction schedules. This incredible performance stems from its unique structure; the physical composition of aerogels consists of up to 95 parts air, the source of their impressive insulating properties.
An Innovation Pipeline That Is Fueling Future Growth and Application Versatility
The future of the aerogel market is being actively architected in the world's leading material science labs. A significant breakthrough in material strength involves new silica/polyimide “pomegranate” composites that yield a 12-fold increase in compressive strength over previous formulations, opening doors to new structural applications. The sheer scale of innovation is impressive, with more than 130 distinct commercial aerogel products currently being benchmarked and analyzed for performance across various applications. The EV sector remains a focal point for R&D, where over 90 pilot projects have been initiated to specifically confirm the energy efficiency gains from using aerogel insulation. This rigorous validation process involves more than 80 specialized design centers actively conducting tests on aerogel blankets to perfect their use in EVs.
To meet this demand, more than 50 significant technical upgrades have been implemented within aerogel manufacturing lines for EV components. The scientific community is deeply engaged, with more than 75 independent research experiments conducted to demonstrate the heat loss reduction capabilities of aerogels. This work yields tangible results; at least 5 innovative trials in late 2023 focusing on aerogel blanket modifications resulted in performance gains of 12 measurable units.
Construction and Heavy Industry Embrace Aerogel for Superior Energy Efficiency Gains
While EVs are a powerful new driver, the foundational demand from industrial and construction sectors continues to expand, underpinning the stability of the aerogel market. The market for energy and industrial applications is projected to more than double in the 10-year period from 2025, driven by the need for process efficiency and energy conservation. The quantifiable benefits are clear and compelling. Pilot projects in the EV sector have repeatedly confirmed energy efficiency improvements of 12 to 18 measurable units. Similarly, insulation effectiveness tests on prototypes consistently show performance improvements of 10 to 15 measurable units. Independent experiments have demonstrated a heat loss reduction of 20 to 25 measurable units across various EV models, a metric that translates directly to industrial settings. One leading company recorded a 10-unit improvement in thermal management after incorporating 8 advanced composite aerogel layers in a 2023 project. Active collaborations between labs and producers are yielding an average performance enhancement of 14 measurable units per project. The knowledge sharing is accelerating, with technical symposiums reporting an average increase in application efficiency of 10 to 12 measurable units.
Global Regional Policies and Infrastructure Investments Unlocking New Market Frontiers
Governmental policy and massive infrastructure spending are creating fertile new ground for the aerogel market. In the Asia-Pacific region, an estimated 4.2 trillion US dollars is allocated for new infrastructure projects for the period 2021-2025, creating a vast opportunity for advanced insulation materials. A key part of this investment includes the retrofitting of over 350 million square meters of buildings with energy-efficient materials. China's 14th Five-Year Plan is a significant driver, emphasizing investment in infrastructure projects that require high-performance insulation. This is a global phenomenon; in Latin America, countries including Chile, Mexico, Colombia, and Peru have a pipeline of over 100 billion US dollars in infrastructure projects under development. In North America, the United States government is actively providing incentives to encourage the production and adoption of electric vehicles, a key end-market for aerogels. The region's dominance is clear; in 2024, the U.S. accounts for the vast majority of the North American aerogel insulation market, with one report citing a figure of over 8 out of every 10 dollars spent. The collaborative ecosystems are also deepening; a single 2024 collaborative project in the EV space involved 10 distinct partners, showing the strength of regional innovation hubs.
Strategic Corporate Developments Shaping the 2024 Competitive Aerogel Market Landscape
The competitive environment of the market was marked by significant strategic moves in 2024, reflecting the rising tide of demand. In January 2024, Aspen Aerogels announced a major supply contract with a leading, unnamed EV manufacturer, signaling a major commercial milestone. In March 2024, Guangdong Alison Technology responded to rising demand by unveiling a new production facility dedicated to the EV battery market, expanding global capacity. Innovation in sustainability took a step forward in April 2024, when SA-Dynamics launched an innovative line of bio-based and recyclable insulation textiles. The pace of scientific discovery continued, as a research consortium published new findings on enhanced aerogel composites in June 2024. Aspen Aerogels kicked off the year by launching its next-generation “PyroThin 2.0” product for the EV market in the first quarter of 2024. The momentum is expected to continue, as in October 2024, several major automotive companies are expected to announce formal plans to incorporate aerogel thermal management systems. These developments are built on a foundation of deep collaboration; as of late 2023, over 30 significant collaborations were active between material science laboratories and electric vehicle producers.
Material and Form Factor Diversification Is Expanding the Addressable Aerogel Market
The versatility of the aerogel market is expanding through the diversification of material types and product forms. Silica remains the dominant material type, with one 2024 analysis showing it accounts for nearly two-thirds of the market. A separate 2024 report places the figure for silica's prominence even higher, at approximately 72 parts of every 100 in the market. However, other types are carving out important niches. Carbon aerogels are noted for their high mass-specific surface areas and electrical conductivity, opening up energy storage applications. Meanwhile, polymer aerogels are emerging for applications requiring mechanical durability, such as in eVTOL aircraft and advanced apparel. The blanket form is the most common and widely adopted format, with one 2024 analysis indicating it represents 65 out of every 100 units of aerogel sold. A separate 2024 study corroborates this, finding blankets captured nearly two-thirds of the market. Beyond blankets, aerogel particles are seeing rapid adoption as high-performance additives in coatings, lithium-ion separators, and polymer composites, creating new avenues for market penetration.
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Regulatory Mandates and Manufacturing Expansion Solidify the Growth Trajectory
The final, powerful driver solidifying the aerogel market’s future is the combination of a growing manufacturing base and non-negotiable regulatory pressure. The competitive landscape includes at least 15 key players, from giants like BASF and Dow to specialists like Aspen Aerogels and Cabot Corporation. Within the aerogel glass fiber mat sub-segment, at least 17 distinct companies are competing. While a trend of high market consolidation is noted, with just two companies, Aspen Aerogels and Cabot Corporation, anchoring global revenue, a host of regional specialists compete aggressively. At least five prominent companies are considered the top key players driving market expansion in 2025. This ecosystem is scaling up; over 65 EV component manufacturers worldwide had integrated aerogel blanket solutions by the end of 2022, and innovation is rapid, with 40 new aerogel product variants for the EV sector being introduced in 2023 alone. This growth is propelled by powerful regulatory tailwinds.
The recast Energy Performance of Buildings Directive (EPBD), adopted in Europe in May 2024, mandates that all new public buildings must be zero-emission by 2028 and all other new buildings by 2030. Similarly, updated building codes like the 2021 IECC and ASHRAE 90.1 now require higher insulation R-values, making thin-profile aerogels essential. The increasing focus on sustainability is fueling interest in products like new bio-based insulation textiles, which utilize fibers derived from 100 parts bio-based materials. Finally, the continuous demand for lightweight and protective equipment in sectors like aerospace and defense provides a stable, non-cyclical demand base for the entire aerogel market.
Global Aerogel Market Major Players:
- BASF
- Active Aerogels, LDA
- Aerogel Technologies, LLC
- Aspen Aerogels, Inc.
- Cabot Corporation
- Nano Technology Co., Ltd
- JIOS Aerogel Corporation
- Dow
- Nano Technology Co., Ltd
- Enersens
- Other Prominent Players
Key Market Segmentation:
By Product
- Silica
- Polymers
- Carbon
- Others
By Technology
- Supercritical Drying
- Others
By Form
- Blanket
- Particle
- Panel
- Monolith
By End-Use
- Oil & Gas
- Building & Construction
- Automotive, Aerospace & Marine
- Performance Coatings
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East
- Africa
- South America
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