Aerogel Insulation Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Aerogel Insulation Market was valued at USD 901.9 million in 2024 and is estimated to grow at a CAGR of 10.2% to reach USD 2.33 billion by 2034.
The growth of the market is driven by rising demand for energy-efficient insulation materials, stringent building regulations, and the increasing adoption of sustainable solutions in industries such as oil & gas, construction, and automotive. Aerogel insulation stands out for its superior thermal resistance, lightweight nature, and minimal environmental impact compared to conventional materials, making it a preferred choice for advanced insulation applications worldwide.
One of the key factors fueling this market expansion is the ongoing global shift towards energy conservation and carbon reduction. As governments tighten energy efficiency mandates, industries are increasingly deploying aerogel insulation to minimize heat loss and improve operational efficiency. Its unique nanoporous structure provides exceptional insulating properties, allowing for thinner insulation layers while still maintaining high performance. This attribute has made aerogels particularly valuable in space-constrained applications such as pipelines, subsea equipment, and automotive components. Moreover, the material’s inherent resistance to fire, water, and corrosion enhances its durability, ensuring long-term cost savings for end users.
The market is primarily segmented by form type, with blankets segment leading in 2024, generating USD 408.8 million. Aerogel blankets are extensively used due to their flexibility, lightweight profile, and ease of installation across a range of industries. Their ability to wrap around complex surfaces without compromising performance has made them the most widely adopted aerogel form. In addition, they are especially favored in the oil & gas sector for pipeline insulation, as well as in the construction industry for retrofitting energy-efficient building envelopes. The continuous development of composite aerogel blankets with enhanced mechanical strength is further expanding their market share.
In terms of end-use industries, oil & gas accounted for the largest share in 2024, with USD 244.4 million. The sector relies heavily on aerogel insulation for subsea pipelines, refineries, and LNG facilities, where thermal performance and safety are critical. By reducing heat transfer and preventing hydrate formation, aerogel insulation improves pipeline efficiency and reliability. Its robustness in extreme environments, such as deep-water operations, also provides a key competitive advantage over traditional insulation materials. The rising demand for LNG infrastructure globally and the continued investment in energy transportation networks are expected to sustain high adoption of aerogel insulation within this sector.
North America Aerogel Insulation Market generated USD 362.8 million in 2024, driven by strong oil & gas industry demand, increasing adoption of energy-efficient construction practices, and the presence of leading aerogel manufacturers. The U.S. continues to dominate regional growth due to investments in LNG projects and the implementation of green building standards. Additionally, ongoing research and development activities across the region are resulting in cost optimization and expanded application areas for aerogel materials.
Prominent companies in the Global Aerogel Insulation Market include Aspen Aerogels, Cabot Corporation, Armacell, BASF SE, and Aerogel Technologies, among others. These players are actively engaged in developing advanced aerogel composites, expanding production capacities, and pursuing strategic collaborations to strengthen their global presence. Partnerships with energy companies, construction firms, and automotive OEMs are central to widening application scope. Moreover, technological innovations aimed at reducing production costs are expected to enhance affordability and accelerate market penetration over the coming years.
The growth of the market is driven by rising demand for energy-efficient insulation materials, stringent building regulations, and the increasing adoption of sustainable solutions in industries such as oil & gas, construction, and automotive. Aerogel insulation stands out for its superior thermal resistance, lightweight nature, and minimal environmental impact compared to conventional materials, making it a preferred choice for advanced insulation applications worldwide.
One of the key factors fueling this market expansion is the ongoing global shift towards energy conservation and carbon reduction. As governments tighten energy efficiency mandates, industries are increasingly deploying aerogel insulation to minimize heat loss and improve operational efficiency. Its unique nanoporous structure provides exceptional insulating properties, allowing for thinner insulation layers while still maintaining high performance. This attribute has made aerogels particularly valuable in space-constrained applications such as pipelines, subsea equipment, and automotive components. Moreover, the material’s inherent resistance to fire, water, and corrosion enhances its durability, ensuring long-term cost savings for end users.
The market is primarily segmented by form type, with blankets segment leading in 2024, generating USD 408.8 million. Aerogel blankets are extensively used due to their flexibility, lightweight profile, and ease of installation across a range of industries. Their ability to wrap around complex surfaces without compromising performance has made them the most widely adopted aerogel form. In addition, they are especially favored in the oil & gas sector for pipeline insulation, as well as in the construction industry for retrofitting energy-efficient building envelopes. The continuous development of composite aerogel blankets with enhanced mechanical strength is further expanding their market share.
In terms of end-use industries, oil & gas accounted for the largest share in 2024, with USD 244.4 million. The sector relies heavily on aerogel insulation for subsea pipelines, refineries, and LNG facilities, where thermal performance and safety are critical. By reducing heat transfer and preventing hydrate formation, aerogel insulation improves pipeline efficiency and reliability. Its robustness in extreme environments, such as deep-water operations, also provides a key competitive advantage over traditional insulation materials. The rising demand for LNG infrastructure globally and the continued investment in energy transportation networks are expected to sustain high adoption of aerogel insulation within this sector.
North America Aerogel Insulation Market generated USD 362.8 million in 2024, driven by strong oil & gas industry demand, increasing adoption of energy-efficient construction practices, and the presence of leading aerogel manufacturers. The U.S. continues to dominate regional growth due to investments in LNG projects and the implementation of green building standards. Additionally, ongoing research and development activities across the region are resulting in cost optimization and expanded application areas for aerogel materials.
Prominent companies in the Global Aerogel Insulation Market include Aspen Aerogels, Cabot Corporation, Armacell, BASF SE, and Aerogel Technologies, among others. These players are actively engaged in developing advanced aerogel composites, expanding production capacities, and pursuing strategic collaborations to strengthen their global presence. Partnerships with energy companies, construction firms, and automotive OEMs are central to widening application scope. Moreover, technological innovations aimed at reducing production costs are expected to enhance affordability and accelerate market penetration over the coming years.
Table of Contents
290 Pages
- Chapter 1 Methodology
- 1.1 Industry coverage
- 1.2 Market scope and definitions
- 1.3 Research design
- 1.4 Market size estimates and calculations
- 1.5 Key trends for market estimates
- 1.6 Forecast model
- 1.7 Primary research & validation
- 1.7.1 Primary sources
- 1.7.2 Data mining sources
- 1.7.2.1 Paid sources 36
- 1.7.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- 2.1.1 Business trends
- 2.1.2 Product type trends
- 2.1.3 Form type trends
- 2.1.4 Temperature range trends
- 2.1.5 End-user trends
- 2.1.6 Distribution channel trends
- 2.1.7 Region trends
- 2.2 TAM Analysis, 2025-2034
- 2.3 CXO perspectives: Strategic imperatives
- 2.3.1 Executive Decision Points
- 2.3.2 Critical Success Factors
- 2.4 Future outlook and strategic recommendations
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem
- 3.1.1 Supplier landscape
- 3.2 Profit Margin
- 3.3 Value addition at each stage
- 3.3.1 Raw Material Suppliers
- 3.3.3 Integrators, Distributors, and End-Use Providers
- 3.4 Factors affecting the value chain
- 3.5 Disruptions
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising demand in high-performance industrial applications
- 3.6.1.2 Stringent energy efficiency regulations and sustainability goals
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High manufacturing costs
- 3.6.2.2 Lack of a complete OEM system
- 3.6.3 Market Opportunities
- 3.6.3.1 Advanced building envelope optimization
- 3.6.3.2 Thermal management in e-mobility and cold-chain logistics
- 3.7 Growth potential analysis
- 3.7.1 By product type
- 3.8 Regulatory landscape
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
- 3.11 Price Trends
- 3.11.1 North America
- 3.11.2 Europe
- 3.11.3 Asia Pacific
- 3.11.4 Latin America
- 3.11.5 Middle East and Africa
- 3.12 Future Market Trends
- 3.13 Technology and Innovation Landscape
- 3.13.1 Current technological landscape
- 3.13.2 Emerging Technologies
- 3.14 Patent Landscape
- 3.14.1 Patent Analysis, By Country, 2021-2025
- 3.15 Trade statistics
- 3.15.1 Export Data
- 3.15.2 Import Data
- 3.16 Sustainability and Environmental Aspects
- 3.16.1 Sustainable Practices
- 3.16.2 Waste Reduction Strategies
- 3.16.3 Energy Efficiency in Production
- 3.16.4 Eco-friendly Initiatives
- 3.16.5 Carbon footprint considerations
- Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 North America company market share analysis
- 4.3 Europe company market share analysis
- 4.4 Asia Pacific company market share analysis
- 4.5 LATAM company market share analysis
- 4.6 MEA company market share analysis
- 4.7 Competitive positioning matrix
- 4.8 Strategy dashboard
- Chapter 5 Aerogel Insulation Market, By Product Type
- 5.1 Silica aerogel
- 5.2 Polymer aerogel
- 5.3 Carbon aerogel
- 5.4 Composite aerogel
- 5.5 Others
- Chapter 6 Aerogel Insulation Market, By Form Type
- 6.1 Blankets
- 6.2 Panels
- 6.3 Granules
- 6.4 Coatings
- 6.5 Others
- Chapter 7 Aerogel Insulation Market, By Temperature Range
- 7.1 Low temperature insulation (500°C) Electronics Others
- 1.2 Market scope and definitions Aerogel insulation Aerogel insulation refers to a lightweight, highly efficient thermal barrier composed of aerogel materials known for their exceptional insulating properties. Its ultra-low thermal conductivity, combined with high porosity and minimal density, enables significant energy savings in various applications. This advanced insulation solution is increasingly adopted across industries seeking to optimize thermal performance while maintaining a compact, durable, and sustainable profile. Aerogel insulation market, by product type ⢠Silica Aerogel: Comprising silica-based materials, silica aerogels are the most common type, offering excellent thermal insulation due to their low density and high porosity. They are widely used across industries for lightweight, high-performance insulation applications, especially where space and weight are critical considerations. ⢠Polymer Aerogel: These aerogels are derived from polymer matrices, providing enhanced flexibility and durability. Their adaptable properties make them suitable for applications requiring mechanical resilience, such as flexible insulation or coatings in various industrial sectors. ⢠Carbon Aerogel: Characterized by their electrical conductivity and thermal stability, carbon aerogels are often used in energy storage, electromagnetic shielding, and thermal management applications, where conductive and thermal properties are essential. ⢠Composite Aerogel: These involve combining aerogels with other materials to enhance specific properties like strength, flexibility, or hydrophobicity. They are tailored for specialized applications demanding multifunctionality and improved mechanical performance. ⢠Others: This category includes emerging aerogel types, such as metal oxides or hybrid materials, designed for niche applications like catalysis, sensors, or advanced filtration, expanding the scope of aerogel technology. Aerogel insulation market, by form type ⢠Blankets: Flexible, insulating sheets made from aerogel composites, used extensively in building insulation and industrial pipelines due to ease of installation and superior thermal performance. ⢠Panels: Rigid or semi-rigid aerogel-based panels provide structural insulation solutions for buildings, aerospace, and transportation, offering high thermal resistance in compact form factors.
- 1.3 Research design We at Global Market Insights follow a rigorous and comprehensive research methodology to calculate the statistical data points present in this report. An exclusive research design was devised for this study which includes data collection techniques, market estimation, forecast model, and validation process. FIG. 1 Research design DATA MINING PRIMARY RESEARCH Studying The Market Structure Obtaining key information about the current industry trends and macro factors involved in driving the market by undertaking revenue share analysis of major players operating in the market and thorough data mining Data Collection All the relevant information are collected from various unpaid and paid sources to form a data table comprising of initial level market information and market share Integrate Information Integration of the derived information, forming the launch pad for primary research along with market sizing RESEARCH APPROACH 1 2 5 3 4 Database For Key Industry Participants Preparation The primary sources include industry experts from supply and demand side across the value chain including manufacturers and distributors Discussion Guide (DG) Preparation A detailed DG/questionnaire will be shared with the primary respondents covering all aspects related to the research topic Scheduling an Appointment Appointments are scheduled with industry experts using LinkedIn/ Quora, similar websites, and existing websites Call Execution A roundtable discussion is held with the aim to garner first-hand information about the products, market dynamics, and future outlookwith established industry connects Documentation The information gathered through primary research is well documented, which is then utilized along with the information collected through secondary research. This helps in analyzing the entire market ecosystem. POTENTIAL RESPONDENTS DistributorsManufacturerAssociations Product/Service Providers Government
- 1.4 Market size estimates and calculations FIG. 2 Company revenue share analysis ⢠The leading companies operating in the global aerogel insulation industry were analyzed. The company market share analysis was employed to analyze the revenue generated by key players such as Aspen Aerogels, BASF, Cabot Corporation, Armacell, Aerogel Technologies, accounting for approximately 35- 40% of the market by studying their product offerings and geographic reach, along with the organic and inorganic strategies being undertaken in the market. ⢠The revenue analysis was undertaken for each of the public players by studying their segmental revenues (under which their product offered is marketed) as given in their annual reports, investor presentations, press releases, and on the company websites. For the private players, their revenues are sourced through paid databases such as Factiva, Statista, Volza, Owler, and other paid databases. ⢠Simultaneously, factors such as regional and country revenue generated by the market players, adoption trends, end-user preference, spending analysis, product portfolio analysis, pricing analysis, and government initiatives are also assessed. A weighted average model was applied to the market estimates derived to arrive at the Aerogel insulation market, along with the regional and country-level segments. ⢠GDP and inflation have not been accounted for while estimating the market. Aspen Aerogels BASF Cabot Corporation Armacell Other Players: Annual Revenue (2024): USD
- 452.7 million Annual Revenue (2024): USD 70 billion Annual Revenue (2024): USD 3 billion Annual Revenue (2024): USD 852 million Segmental Revenue (2024): USD ~40 million Segmental Revenue (2024): USD ~35 million Segmental Revenue (2024): USD ~ 270million Market share of other players = ~61% Segmental Revenue (2024): USD ~4 million Estimated market size of top 5 players = USD ~340-360million Revenue of other players = USD 520-550million Market share of top 5 players = 38% -40% Estimated market size (2024) = USD 900-905 million Aerogel Technologies Annual Revenue (2024): USD 5 million Segmental Revenue (2024): USD ~5 million
- 1.5 Key trends for market estimates ⢠Historical market performance ⢠Macro and micro-economic performance ⢠Market dynamics ⢠Regulatory landscape
- 1.6 Forecast model FIG. 3 Forecast approach and model The forecast model was designed using multiple techniques coupled with weightages. This model is applied to each segment and sub-segment at regional/country level. For each country level markets, key industry impact forces were analyzed and assigned weights in order to their importance. These weights were distributed across the forecast period and a country's growth rate was derived. The impact of various competitive strategic developments such as merger & acquisition, partnership, collaborations, new types offered, new innovation, etc. were also considered while forecasting the market size. Understanding Market Forces with QFD â¢Identify key market forces, on a macro & micro level â¢Assess organic and inorganic growth strategies â¢Estimate cumulative impact of demand using correlation & weighted-average analysis Linear Regression for Key Indicators ARIMA Time Series Forecasting Forecasting â¢Identify key supply as well as demand side factors â¢Cumulative impact of market indicators (independent variables) and market performance (dependent variables) â¢Regression analysis to predict relative impact of these indicators ARIMA -Autoregressive (AR), Integrated (I), and Moving Average (MA) â¢Predictive modeling of market trends by capturing temporal patterns and dependencies in historical market performance data â¢Validate findings via triangulation & primary research â¢A combination of QFD, linear regression, and ARIMA to optimize market forecasting by leveraging strengths of each model — oUnderstanding market forces through QFD oIdentifying key indicators with linear regression oCapturing temporal patterns with ARIMA for more accurate predictions
- 1.7 Primary research & validation To ensure the highest quality of data, a rigorous validation process was implemented, integrating both manual and automated techniques within the realm of primary research. The insights provided by individual respondents regarding market size and growth were considered during the interview process. The validation of data occurred at both the initial market calculations and data forecasting stages to address any data gaps and affirm the accuracy of our findings at each step. FIG. 4 Breakdown of respondents
- 1.7.1 Primary sources ⢠Enersens SAS ⢠Guangdong Alison ⢠Jios Aerogel ⢠LG Chem ⢠Nano Tech Interviews, by Company Size 50%50% Large Enterprises SMEN=50 40% 25% 25% 10% Supply-side Demand-side Distributors Associations, Non-Profit Organizations, etc N=50 40% 27% 17% 10% 6% North America Europe Asia-Pacific Latin America Middle East & Africa N=50 Interviews, by Company Type Interviews, by Region
- 1.7.2 Data mining sources Some of the sources referred to for this study include: 1. 7. 2. 1 Pa i d s o u r ces ⢠Owler Pro ⢠Bloomberg ⢠Volza ⢠Mergent Online ⢠Factiva ⢠Statista 1. 7. 2. 2 Pu b l i c s o u r ces Region Sources North America ⢠The American Chemistry Council (ACC) ⢠The Industrial Insulation Association (IIA) ⢠The Aerogel Industrial Consortium (AIC) Europe ⢠European Chemical Industry Council (Cefic) ⢠European Insulation Manufacturers Association (EIMA) ⢠European Aerogel Society (EAS) Asia Pacific ⢠The Japan Aerogel Industry Association (JAIA) ⢠China National Chemical Industry Association (CNCIA) ⢠The Indian Chemical Industry Association (ICIA) Latin America ⢠Latin American Chemical Industry Association (ALIC) ⢠Brazilian Association of Thermal Insulation (ABAI) ⢠Mexican Chemical Industry Association (ANIQ) Middle East & Africa ⢠Middle East Chemical Industries Association (MECIA) ⢠South African Chemical & Allied Industries Association (SACIA) ⢠Gulf Cooperation Council (GCC) Environmental & Industrial Associations
- 2.1 Industry 360 degree synopsis FIG. 5 Industry 360 degree synopsis Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights
- 2.1.1 Business trends TABLE 1. Global Aerogel insulation market, 2021 - 2024 (Thousand Kg) (USD Million) Year 2021 2022 2023 2024 Thousand Kg 26,
- 667.3 28,
- 356.3 30,
- 251.5 32,
- 379.4 USD Billion
- 720.4
- 774.0
- 834.2
- 901.9 Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights 3. BASF Global Market Leaders Competitive Landscape Fragmented Consolidated â¢The North American market leads in innovation and early adoption of aerogel insulation, driven by strong demand from aerospace, oil & gas, and advanced construction sectors. â¢The U.S., in particular, benefits from robust R&D infrastructure and supportive energy efficiency regulations, making it a hub for commercializing high-performance aerogel technologies. NORTH AMERICA
- 40.2% l
- 9.9% ASIA-PACIFIC
- 22.9% l
- 10.7% EUROPE
- 27.3% l
- 10.1% LATIN AMERICA
- 3.3% l
- 9.6% MIDDLE EAST & AFRICA
- 6.3% l
- 10.3% MARKET SHARE% 2024 CAGR% (2025-2034) Key Takeaways 1. Aspen Aerogel 2. Cabot Corporation
- 770.1 37,
- 459.0 40,
- 486.7 43,
- 900.6 47,
- 755.5 52,
- 115.5 57, 055.3 62,
- 662.3 69, 038.4 76,
- 307.0
- 9.1% USD Billion
- 978.2 1, 064.3 1,
- 161.6 1,
- 271.7 1,
- 396.6 1,
- 538.4 1,
- 700.0 1,
- 884.3 2, 094.9 2,
- 336.3
- 10.2% Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights
- 2.1.2 Product type trends TABLE 3. Global Aerogel insulation market, by product type, 2021- 2024 (Thousand Kg) Product Type 2021 2022 2023 2024 Silica aerogel 19,
- 330.4 20,
- 579.5 21,
- 981.3 23,
- 555.5 Polymer aerogel 3,
- 805.7 4, 041.3 4,
- 305.6 4,
- 602.2 Carbon aerogel 2,
- 227.2 2,
- 359.4 2,
- 507.7 2,
- 674.0 Composite aerogel
- 850.5
- 898.6
- 952.4 1, 012.8 Others
- 453.4
- 477.6
- 504.6
- 534.9 Total 26,
- 667.3 28,
- 356.3 30,
- 251.5 32,
- 379.4 Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights TABLE 4. Global Aerogel insulation market, by product type, 2025 - 2034 (Thousand Kg) Product Type 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 CAGR (2025- 2034) Silica aerogel 25,
- 324.9 27,
- 315.8 29,
- 558.6 32, 088.8 34,
- 947.7 38,
- 183.1 41,
- 851.2 46, 017.6 50,
- 759.1 56,
- 167.9
- 9.3% Polymer aerogel 4,
- 935.3 5,
- 309.8 5,
- 731.2 6,
- 206.0 6,
- 741.8 7,
- 347.4 8, 033.0 8,
- 810.4 9,
- 693.8 10,
- 700.1
- 9.0% Carbon aerogel 2,
- 860.6 3, 070.2 3,
- 305.8 3,
- 571.0 3,
- 869.8 4,
- 207.1 4,
- 588.3 5, 020.0 5,
- 509.7 6, 066.4
- 8.7% Composite aerogel 1, 080.5 1,
- 156.5 1,
- 241.8 1,
- 337.6 1,
- 445.4 1,
- 566.9 1,
- 703.9 1,
- 858.8 2, 034.1 2,
- 233.2
- 8.4% Others
- 568.8
- 606.8
- 649.4
- 697.2
- 750.8
- 811.1
- 878.9
- 955.4 1, 041.7 1,
- 139.4
- 8.0% Total 34,
- 770.1 37,
- 459.0 40,
- 486.7 43,
- 900.6 47,
- 755.5 52,
- 115.5 57, 055.3 62,
- 662.3 69, 038.4 76,
- 307.0
- 9.1% Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights TABLE 5. Global Aerogel insulation market, by product type, 2021 - 2024 (USD Million) Product Type 2021 2022 2023 2024 Silica aerogel
- 403.9
- 434.9
- 469.8
- 509.0 Polymer aerogel
- 130.3
- 140.0
- 150.8
- 163.0 Carbon aerogel
- 102.7
- 110.0
- 118.2
- 127.5 Composite aerogel
- 50.4
- 53.9
- 57.8
- 62.1
- 33.0
- 35.2
- 37.6
- 40.3 Total
- 720.4
- 774.0
- 834.2
- 901.9 Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights TABLE 6. Global Aerogel insulation market, by product type, 2025 - 2034 (USD Million) Product Type 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 CAGR (2025- 2034) Silica aerogel
- 553.3
- 603.3
- 659.9
- 724.0
- 796.8
- 879.7
- 974.1 1, 082.0 1,
- 205.6 1,
- 347.3
- 10.4% Polymer aerogel
- 176.7
- 192.2
- 209.7
- 229.5
- 251.9
- 277.4
- 306.4
- 339.5
- 377.4
- 420.7
- 10.1% Carbon aerogel
- 137.9
- 149.6
- 162.8
- 177.7
- 194.6
- 213.8
- 235.6
- 260.4
- 288.6
- 321.0
- 9.8% Composite aerogel
- 67.0
- 72.5
- 78.7
- 85.7
- 93.6
- 102.5
- 112.6
- 124.1
- 137.2
- 152.1
- 9.5% Others
- 43.3
- 46.7
- 50.5
- 54.8
- 59.6
- 65.1
- 71.3
- 78.3
- 86.2
- 95.2
- 9.2% Total
- 978.2 1, 064.3 1,
- 161.6 1,
- 271.7 1,
- 396.6 1,
- 538.4 1,
- 700.0 1,
- 884.3 2, 094.9 2,
- 336.3
- 10.2% Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights ⢠The product type segment of the aerogel insulation market is led by silica aerogel, which holds the largest market share typically accounting for over 50% of the total market due to its superior thermal insulation properties, low density, and widespread industrial applicability. Polymer aerogels follow with a growing share, driven by demand for flexible, hydrophobic, and mechanically resilient materials in electronics, automotive, and wearable technologies.
- 2.1.3 Form type trends TABLE 7. Global Aerogel insulation market, by form type, 2021- 2024 (Thousand Kg) Form Type 2021 2022 2023 2024 Blankets 13,
- 200.3 14, 069.1 15,044.3 16,
- 139.9 Panels 7,
- 946.9 8,
- 448.0 9, 010.3 9,
- 641.6 Granules 3,
- 813.4 4, 044.0 4,
- 302.7 4,
- 592.9 Coatings 1,
- 120.0 1,
- 180.1 1,
- 247.3 1,
- 322.6 Others
- 586.7
- 615.1
- 646.9
- 682.5 Total 26,
- 667.3 28,
- 356.3 30,
- 251.5 32,
- 379.4 Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights
- 371.7 18,
- 758.3 20,
- 321.2 22, 085.4 24,079.8 26,
- 338.4 28,
- 900.7 31,
- 813.1 35,
- 129.9 38,
- 916.6
- 9.4% Panels 10,
- 350.8 11,
- 148.4 12, 046.4 13,058.7 14,
- 201.7 15,
- 494.3 16,
- 958.6 18,
- 620.3 20,
- 509.7 22,
- 663.2
- 9.1% Granules 4,
- 918.6 5,
- 284.6 5,
- 696.2 6,
- 159.6 6,
- 682.1 7,
- 272.1 7,
- 939.5 8,
- 695.6 9,
- 553.9 10,
- 530.4
- 8.8% Coatings 1,
- 406.9 1,
- 501.2 1,
- 607.0 1,
- 725.6 1,
- 858.8 2, 008.5 2,
- 176.9 2,
- 366.7 2,
- 581.0 2,
- 823.4
- 8.0% Others
- 722.1
- 766.5
- 816.0
- 871.3
- 933.1 1, 002.2 1,079.7 1,
- 166.5 1,
- 263.9 1,
- 373.5
- 7.4% Total 34,
- 770.1 37,
- 459.0 40,
- 486.7 43,
- 900.6 47,
- 755.5 52,
- 115.5 57, 055.3 62,
- 662.3 69, 038.4 76,
- 307.0
- 9.1% Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights TABLE 9. Global Aerogel insulation market, by form type, 2021 - 2024 (USD Million) Form Type 2021 2022 2023 2024 Blankets
- 324.0
- 349.0
- 377.2
- 408.8 Panels
- 195.9
- 210.4
- 226.8
- 245.3 Granules
- 111.6
- 119.6
- 128.6
- 138.7 Coatings
- 58.2
- 62.1
- 66.6
- 71.6 Others
- 30.7
- 32.7
- 35.0
- 37.5 Total
- 720.4
- 774.0
- 834.2
- 901.9 Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights TABLE 10. Global Aerogel insulation market, by form type, 2025 - 2034 (USD Million) Form Type 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 CAGR (2025- 2034) Blankets
- 444.6
- 484.9
- 530.6
- 582.4
- 641.2
- 708.2
- 784.5
- 871.8
- 971.7 1, 086.4
- 10.4% Panels
- 266.0
- 289.4
- 315.9
- 345.8
- 379.8
- 418.4
- 462.4
- 512.5
- 569.8
- 635.5
- 10.2% Granules
- 150.0
- 162.8
- 177.3
- 193.6
- 212.1
- 233.0
- 256.9
- 284.0
- 314.9
- 350.3
- 9.9% Coatings
- 77.3
- 83.6
- 90.8
- 98.8
- 107.9
- 118.2
- 129.9
- 143.2
- 158.3
- 175.5
- 9.5% Others
- 40.3
- 43.4
- 47.0
- 51.0
- 55.5
- 60.6
- 66.3
- 72.8
- 80.2
- 88.6
- 9.1% Total
- 978.2 1, 064.3 1,
- 161.6 1,
- 271.7 1,
- 396.6 1,
- 538.4 1,
- 700.0 1,
- 884.3 2, 094.9 2,
- 336.3
- 10.2% Source: Industry Associations & Journals, Company Annual Reports, Hoovers, Primary Interviews, Global Market Insights ⢠The form segment of the aerogel insulation market is led by blankets, which account for the largest market share typically over 40% due to their flexibility, ease of installation, and high thermal performance across industrial and commercial applications. Panels follow as a growing category,
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