Aerogels Market Forecasts to 2030
Overview of Global Aerogels Market:
According to Stratistics MRC, the Global Aerogels Market is accounted for $0.9 billion in 2024 and is expected to reach $2.0 billion by 2030 growing at a CAGR of 14.8% during the forecast period. Aerogels are highly porous, lightweight materials derived from gels in which the liquid component is replaced with a gas. They are often referred to as ""frozen smoke"" due to their translucent appearance and low density. Aerogels are created through a process called supercritical drying, which removes the liquid from the gel without collapsing its structure. This results in a material with an extremely high surface area, low thermal conductivity, and excellent insulating properties.
This report analyzes the Aerogels market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, product, form, application, end user etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Superior insulation, reducing energy consumption
Aerogels are renowned for their exceptional thermal insulating properties, often outperforming traditional materials. This efficiency translates into lower energy usage for heating and cooling, aligning with global trends toward energy conservation and sustainable building practices. In the construction industry, the demand for aerogels is rising as builders and architects seek materials that enhance energy efficiency and comply with stringent regulations. Similarly, in aerospace and industrial applications, aerogels help in reducing energy costs and improving overall system performance driving the growth of the market.
Restraint:
Intricate production processes
The production of aerogels involves sophisticated techniques such as supercritical drying and precise chemical formulations, which can lead to elevated production costs. These complexities can limit scalability and make aerogels less accessible for widespread use compared to more conventional insulation materials. Additionally, the need for specialized equipment and expertise can create barriers to entry for new manufacturers and increase the cost of aerogels for end-users. This complexity can also result in longer production times, which may impact supply chain efficiency and delay product availability.
Opportunity:
Innovations in manufacturing techniques
Advances such as improved sol-gel processes, better supercritical drying methods, and novel synthesis techniques allow for higher quality aerogels at lower costs. These innovations make the production process more scalable and cost-effective, broadening the application of aerogels in various industries. For instance, new methods that reduce energy consumption and waste during production can lower the environmental footprint of aerogels, making them more appealing to sustainability-conscious markets.
Threat:
Aerogels are susceptible to damage
Aerogels are fragile and can be prone to cracking, crumbling, or breaking under mechanical stress. This vulnerability limits their applicability in environments where durability and mechanical resilience are crucial. In industries such as construction and aerospace, where robust materials are essential, the fragile nature of aerogels can pose significant challenges. The need for additional protective layers or packaging to prevent damage during handling and installation increases costs and complexity. This can deter potential users from adopting aerogels, particularly in applications requiring high durability and resistance to physical stress hampering the growth of the market.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the aerogels market through supply chain interruptions and reduced industrial activity. However, it also highlighted the need for advanced materials in healthcare and energy efficiency. The pandemic accelerated interest in aerogels for applications such as personal protective equipment (PPE) and improved thermal insulation in medical facilities. As industries adapt to new safety and efficiency standards, the market for aerogels is recovering, with increased focus on sustainability and innovation.
The particle segment is expected to be the largest during the forecast period
The particle is expected to be the largest during the forecast period owing to its efficient chemical and physical properties over blankets aerogels. These products have a variety of applications in defense, electronic substrates, building and construction, transport interiors, and antennas. Furthermore Rising necessity toward building safe, reliable and energy-efficient system as the energy spent on heating or cooling is wasted owing to ineffective thermal envelopes is driving the market growth.
The thermal insulation segment is expected to have the highest CAGR during the forecast period
The thermal insulation segment is expected to have the highest CAGR during the forecast period owing to the demand for energy-efficient buildings and the need for effective insulation in extreme environments, such as in aerospace and deep-sea applications, have spurred the adoption of aerogels. Additionally, aerogels' lightweight nature and high surface area contribute to their effectiveness in reducing heat transfer, making them ideal for applications requiring minimal thermal conductivity.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to increasing demand from end-use industries including aerospace, building & construction, automotive, and oil & gas. The market in North America exhibits a huge growth potential in terms of application development, quality, and product innovation for the aerogel market, whereas the demand is driven by its superior insulation and low thermal conductivity properties.
Region with highest CAGR:
Europe is projected to hold the highest CAGR over the forecast period due to European Union's energy efficiency policy, which mandates all buildings across countries such as Germany, the UK, Spain, Italy, and others to reduce their energy consumption, by 20%. Moreover In countries such as Germany, Italy, the UK, and Spain, the governments have taken initiatives to develop infrastructure, boosting commercial and residential projects.
Key Developments:
In July 2024, BASF backs Panasonic’s launch of the first luminaire meeting the highest performance level in China. This luminaire uses BASF’s optical film product NovaFlex GlareControl, and has become one of the first standing study luminaire products in China certified with the highest AAAAA performance level.
In July 2024, BASF launches game-changing heat and light stabilizer Tinuvin? NOR? 211 AR for sustainable farming practices. Tinuvin NOR 211 AR appears as an option to extend the useful life of agricultural plastics, promoting sustainability and efficiency.
In June 2024, Dow and Fiori Group sign MoU to develop sustainable solutions for circularity in the mobility market. This partnership allows both companies to work together along the European value chain, enlarging ecosystems to recycle materials obtained from end-of-life vehicles.
Leading Industry Players in the Aerogels market worldwide:
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Global Aerogels Market Segmentation
The Aerogels market segmentation encompasses various dimensions, including product, form, application, end user, region, and competitors. By product, significantly affects performance characteristics like thermal insulation and mechanical strength. The market is segmented by form, influences usability in applications, with panels being preferred for construction and blankets for industrial insulation. By application, span industries like oil & gas, construction, and electronics, driving demand based on specific needs like thermal management or acoustic insulation. In terms of end user, include construction firms, energy companies, and aerospace industries, each seeking aerogels for distinct benefits like energy efficiency or lightweight properties. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Aerogels market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and rest of the Asia Pacific region.
South America: Argentina, Brazil, Chile, and rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and rest of the Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Aerogels Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface????????
?2.1 Abstract???????
?2.2 Stake Holders??????
?2.3 Research Scope??????
?2.4 Research Methodology???? ?
? 2.4.1 Data Mining?????
? 2.4.2 Data Analysis?????
? 2.4.3 Data Validation?????
? 2.4.4 Research Approach?????
?2.5 Research Sources??????
? 2.5.1 Primary Research Sources????
? 2.5.2 Secondary Research Sources????
? 2.5.3 Assumptions?????
3 Market Trend Analysis??????
?3.1 Introduction??????
?3.2 Drivers???????
?3.3 Restraints??????
?3.4 Opportunities??????
?3.5 Threats???????
?3.6 Product Analysis??????
?3.7 Application Analysis?????
?3.8 End User Analysis??????
?3.9 Emerging Markets??????
?3.10 Impact of Covid-19??????
4 Porters Five Force Analysis??????
?4.1 Bargaining power of suppliers?????
?4.2 Bargaining power of buyers?????
?4.3 Threat of substitutes?????
?4.4 Threat of new entrants?????
?4.5 Competitive rivalry??????
5 Global Aerogels Market, By Product?????
?5.1 Introduction??????
?5.2 Silica Aerogels??????
?5.3 Carbon Aerogels??????
?5.4 Metal Oxide Aerogels?????
?5.5 Resorcinol-Formaldehyde Aerogels????
?5.6 Phenolic Aerogels??????
?5.7 Other Products??????
6 Global Aerogels Market, By Form?????
?6.1 Introduction??????
?6.2 Blanket???????
?6.3 Particles???????
?6.4 Blocks???????
?6.5 Panels???????
?6.6 Other Forms??????
7 Global Aerogels Market, By Application?????
?7.1 Introduction??????
?7.2 Thermal Insulation??????
?7.3 Impact Protection??????
?7.4 Water Treatment??????
?7.5 Thermal Management?????
?7.6 Wound Care??????
?7.7 Drug Delivery Systems?????
?7.8 Other Applications??????
8 Global Aerogels Market, By End User?????
?8.1 Introduction??????
?8.2 Aerospace & Defense?????
?8.3 Construction & Building?????
?8.4 Energy & Utilities??????
?8.5 Environmental & Water Treatment????
?8.6 Medical & Healthcare?????
?8.7 Electronics & Semiconductors?????
?8.8 Automotive & Transportation?????
?8.9 Other End Users
Continued…
List of Tables ? ? ?
1 Global Aerogels Market Outlook, By Region (2022-2030) ($MN)??
2 Global Aerogels Market Outlook, By Product (2022-2030) ($MN)??
3 Global Aerogels Market Outlook, By Silica Aerogels (2022-2030) ($MN)??
4 Global Aerogels Market Outlook, By Carbon Aerogels (2022-2030) ($MN)??
5 Global Aerogels Market Outlook, By Metal Oxide Aerogels (2022-2030) ($MN)?
6 Global Aerogels Market Outlook, By Resorcinol-Formaldehyde Aerogels (2022-2030) ($MN)
7 Global Aerogels Market Outlook, By Phenolic Aerogels (2022-2030) ($MN)?
8 Global Aerogels Market Outlook, By Other Products (2022-2030) ($MN)??
9 Global Aerogels Market Outlook, By Form (2022-2030) ($MN)???
10 Global Aerogels Market Outlook, By Blanket (2022-2030) ($MN)??
11 Global Aerogels Market Outlook, By Particles (2022-2030) ($MN)??
12 Global Aerogels Market Outlook, By Blocks (2022-2030) ($MN)???
13 Global Aerogels Market Outlook, By Panels (2022-2030) ($MN)??
14 Global Aerogels Market Outlook, By Other Forms (2022-2030) ($MN)??
15 Global Aerogels Market Outlook, By Application (2022-2030) ($MN)??
16 Global Aerogels Market Outlook, By Thermal Insulation (2022-2030) ($MN)?
17 Global Aerogels Market Outlook, By Impact Protection (2022-2030) ($MN)?
18 Global Aerogels Market Outlook, By Water Treatment (2022-2030) ($MN)?
19 Global Aerogels Market Outlook, By Thermal Management (2022-2030) ($MN)?
20 Global Aerogels Market Outlook, By Wound Care (2022-2030) ($MN)??
21 Global Aerogels Market Outlook, By Drug Delivery Systems (2022-2030) ($MN)?
22 Global Aerogels Market Outlook, By Other Applications (2022-2030) ($MN)?
23 Global Aerogels Market Outlook, By End User (2022-2030) ($MN)??
24 Global Aerogels Market Outlook, By Aerospace & Defense (2022-2030) ($MN)?
25 Global Aerogels Market Outlook, By Construction & Building (2022-2030) ($MN)?
26 Global Aerogels Market Outlook, By Energy & Utilities (2022-2030) ($MN)?
27 Global Aerogels Market Outlook, By Environmental & Water Treatment (2022-2030) ($MN)
28 Global Aerogels Market Outlook, By Medical & Healthcare (2022-2030) ($MN)?
29 Global Aerogels Market Outlook, By Electronics & Semiconductors (2022-2030) ($MN)
30 Global Aerogels Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
31 Global Aerogels Market Outlook, By Other End Users (2022-2030) ($MN)??
Note:?Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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