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Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 139 pages | ID: AFFC3D557AFDEN
IMARC Group

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Market Overview:

The global aerogel market size reached US$ 860.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,533.7 Million by 2028, exhibiting a growth rate (CAGR) of 10.29% during 2023-2028.

Also known as frozen smoke, aerogel is a translucent, synthetic solid-state substance that has an extremely low density and excellent thermal insulating properties. It is mainly produced by replacing the liquid element of the gel with gas in a high-temperature environment. It is light in weight and has a high surface area, owing to which it is widely utilized in various industrial and commercial applications across the globe.

The market is currently experiencing strong growth on account of the expanding applications of aerogel in numerous end use industries. For instance, it is employed in the aerospace industry in the manufacturing of wetsuits and spacesuits. It is also used in the construction sector as a superlight concrete and wall insulator. Besides this, aerogel serves as a crucial component in the manufacturing of fire suits, spacecraft and vehicles due to its superior thermal insulation property. Additionally, owing to its several other advantageous properties, it is gaining popularity in the electronics, and oil and gas industries worldwide. Furthermore, some of the leading vendors operating in the industry are focusing on increasing their budget for research and development (R&D) activities to introduce polymer-based aerogels that have enhanced strength and flexibility. Such steps are expected to be instrumental in expanding their existing consumer base and market share, thus contributing to the market growth. These factors collectively are projected to fuel the market growth in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global aerogel market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on processing, type, form and application.

Breakup by Processing:

Virgin
Composites
Additives

Breakup by Type:

Silica
Polymer
Carbon
Others

Silica aerogel exhibits a clear dominance in the market.

Breakup by Form:

Blanket
Particle
Panel
Monolith

At present, blanket accounts for the majority of the total market share.

Breakup by Application:

Oil and Gas
Construction
Transportation
Electronics
Others

Aerogel finds vast applications in the oil and gas industry.

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

On the geographical front, North America enjoys the leading position in the market.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

Aspen Aerogels, Inc.
BASF SE
Cabot Corporation
The Dow Chemical Company
JIOS Aerogel Corporation
Svenska Aerogel Holding AB
Enersens SAS
Active Aerogels
Nano Tech Co., Ltd.
Guangdong Alison Hi-Tech Co., Ltd.
Intelligent Insulation Ltd.
Surnano Aerogel Co. Ltd.
TAASI Corporation
Protective Polymers Ltd.
Green Earth Aerogel Technology SL

Key Questions Answered in This Report:
How has the global aerogel market performed so far and how will it perform in the coming years?
What are the key regions in the industry?
What has been the impact of COVID-19 on the global aerogel market?
Which are the popular types in the industry?
What are the leading forms in the industry?
What are the major processing segments in the industry?
What are the dominant applications in the industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aerogel market and who are the key players?
What is the degree of competition in the global aerogel market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL AEROGEL MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Type
5.5Market Breakup by Form
5.6Market Breakup by Processing
5.7Market Breakup by Application
5.8Market Breakup by Region
5.9Market Forecast

6 SWOT ANALYSIS

6.1Overview
6.2Strengths
6.3Weaknesses
6.4Opportunities
6.5Threats

7 VALUE CHAIN ANALYSIS

8 PORTER’S FIVE FORCES ANALYSIS

8.1Overview
8.2Bargaining Power of Buyers
8.3Bargaining Power of Suppliers
8.4Degree of Competition
8.5Threat of New Entrants
8.6Threat of Substitutes

9 MARKET BREAKUP BY TYPE

9.1Silica
  9.1.1Market Trends
  9.1.2Market Forecast
9.2Polymer
  9.2.1Market Trends
  9.2.2Market Forecast
9.3Carbon
  9.3.1Market Trends
  9.3.2Market Forecast
9.4Others
  9.4.1Market Trends
  9.4.2Market Forecast

10 MARKET BREAKUP BY FORM

10.1Blanket
  10.1.1Market Trends
  10.1.2Market Forecast
10.2Particle
  10.2.1Market Trends
  10.2.2Market Forecast
10.3Panel
  10.3.1Market Trends
  10.3.2Market Forecast
10.4Monolith
  10.4.1Market Trends
  10.4.2Market Forecast

11 MARKET BREAKUP BY PROCESSING

11.1Virgin
  11.1.1Market Trends
  11.1.2Market Forecast
11.2Composites
  11.2.1Market Trends
  11.2.2Market Forecast
11.3Additives
  11.3.1Market Trends
  11.3.2Market Forecast

12 MARKET BREAKUP BY APPLICATION

12.1Oil and Gas
  12.1.1Market Trends
  12.1.2Market Forecast
12.2Construction
  12.2.1Market Trends
  12.2.2Market Forecast
12.3Transportation
  12.3.1Market Trends
  12.3.2Market Forecast
12.4Electronics
  12.4.1Market Trends
  12.4.2Market Forecast
12.5Others
  12.5.1Market Trends
  12.5.2Market Forecast

13 MARKET BREAKUP BY REGION

13.1North America
  13.1.1Market Trends
  13.1.2Market Forecast
13.2Europe
  13.2.1Market Trends
  13.2.2Market Forecast
13.3Asia Pacific
  13.3.1Market Trends
  13.3.2Market Forecast
13.4Middle East and Africa
  13.4.1Market Trends
  13.4.2Market Forecast
13.5Latin America
  13.5.1Market Trends
  13.5.2Market Forecast

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Aspen Aerogels, Inc.
  14.3.2BASF SE
  14.3.3Cabot Corporation
  14.3.4The Dow Chemical Company
  14.3.5JIOS Aerogel Corporation
  14.3.6Svenska Aerogel Holding AB
  14.3.7Enersens SAS
  14.3.8Active Aerogels
  14.3.9Nano Tech Co., Ltd.
  14.3.10Guangdong Alison Hi-Tech Co., Ltd.
  14.3.11Intelligent Insulation Ltd.
  14.3.12Surnano Aerogel Co. Ltd.
  14.3.13Taasi Corporation
  14.3.14Protective Polymers Ltd
  14.3.15Green Earth Aerogel Technology SL

LIST OF TABLES

Table 1: Global: Aerogel Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Aerogel Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Aerogel Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Aerogel Market Forecast: Breakup by Processing (in Million US$), 2023-2028
Table 5: Global: Aerogel Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Aerogel Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Aerogel Market: Competitive Structure
Table 8: Global: Aerogel Market: Key Players

LIST OF FIGURES

Figure 1: Global: Aerogel Market: Major Drivers and Challenges
Figure 2: Global: Aerogel Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Aerogel Market: Breakup by Type (in %), 2022
Figure 4: Global: Aerogel Market: Breakup by Form (in %), 2022
Figure 5: Global: Aerogel Market: Breakup by Processing (in %), 2022
Figure 6: Global: Aerogel Market: Breakup by Application (in %), 2022
Figure 7: Global: Aerogel Market: Breakup by Region (in %), 2022
Figure 8: Global: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Aerogel Industry: SWOT Analysis
Figure 10: Global: Aerogel Industry: Value Chain Analysis
Figure 11: Global: Aerogel Industry: Porter’s Five Forces Analysis
Figure 12: Global: Aerogel (Silica) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Aerogel (Silica) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Aerogel (Polymer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Aerogel (Polymer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Aerogel (Carbon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Aerogel (Carbon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Aerogel (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Aerogel (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Aerogel (Blanket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Aerogel (Blanket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Aerogel (Particle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Aerogel (Particle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Aerogel (Panel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Aerogel (Panel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Aerogel (Monolith) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Aerogel (Monolith) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Aerogel (Virgin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Aerogel (Virgin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Aerogel (Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Aerogel (Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Aerogel (Additives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Aerogel (Additives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Aerogel (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Aerogel (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Aerogel (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Aerogel (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Aerogel (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Aerogel (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Aerogel (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Aerogel (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Aerogel (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Aerogel (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Aerogel Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Aerogel Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia Pacific: Aerogel Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia Pacific: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Middle East and Africa: Aerogel Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Middle East and Africa: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Latin America: Aerogel Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Latin America: Aerogel Market Forecast: Sales Value (in Million US$), 2023-2028


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