Report Description

Global aerogel market is projected to grow at a significant rate during the forecast period, 2017-2027. The market growth can be attributed to the high demand from the oil & gas and construction applications. Besides, flexible use and direct consumption of virgin aerogels in the automotive sector and strong consumer awareness are fuelling the market growth. Additionally, rising demand for construction application and low demand for conventional insulation material are expected to propel demand for aerogel during the next five years. Owing to special molecular structure, aerogel acts as a barrier for heat transfer and is much lighter than conventional insulation products. Rapidly evolving battery technologies and growing adoption of electric vehicles are expected to drive the revenue growth of the global aerogel market. Increasing investment in Research and Development (R&D) activities by market players is also positively influencing the global aerogel market. Recent development of a product line of aerogel thermal barriers for its application in lithium-ion batteries and growing use of aerogel in new structures to meet energy consumption requirements are anticipated to fuel the growth of the global aerogel market. However, high manufacturing costs of aerogels associated with complex processes and technologies could restrict the growth of the global aerogel market in the coming years.

The global aerogel market is segmented into type, form, processing, application, company, and region. Based on type, the market is divided into silica, carbon, polymer and others. Silica based aerogel is expected to hold the largest share in the global aerogel market during the forecast period. High insulating properties, low cost, and abundant raw material availability are some of the properties of aerogel, which is resulting into their greater adoption. North America is anticipated to remain a strong contributor in the aerogel market in the forecast period, owing to strong awareness and use of the product. APAC is expected to register faster CAGR than any other region, backed by increased focus on R&D activities by the emerging players. 

Some of the major players operating in the global aerogel are Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, Jios Aerogel, BASF and Svenska Aerogel etc.

Objective of the Study:

  • To analyze and forecast market size of the global Aerogel market, in terms of value.
  • To define, classify and forecast the global Aerogel on the basis of type, form, processing and application.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global aerogel into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global aerogel market.
  • To examine competitive developments such as expansions, new product launches, contracts and mergers & acquisitions in the global aerogel market.
  • To evaluate competitor and trends in the global aerogel market.
  • To strategically profile the leading players, which are involved in of aerogel market globally.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of aerogels manufactures globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufactures and suppliers that could not be identified due to the limitations of secondary research. TechSci Research analysed type, form, processing, application and regional presence of all major aerogel manufacturers across the globe.

TechSci Research calculated the market size for the global aerogel using a bottom-up approach, where manufacturers’ value data for different type of (silica, carbon, polymer & others), aerogel was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufactures to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • Global aerogel Manufacturers
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to aerogel
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as manufacturers, suppliers and policy makers, which market segments should be targeted over the aerogel coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Form

·         Processing

·         Application

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Israel

Key Companies Profiled

Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, Jios Aerogel, BASF and Svenska Aerogel.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global aerogel has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Aerogel Market, by Type:
    • Global Aerogel Market          
      • Silica
      • Carbon
      • Polymer
      • Others
  • Aerogel Market, by Form:
      • Blanket
      • Particle
      • Panel
      • Monolith
  • Aerogel Market, by Processing:
      • Virgin
      • Composites
      • Additives
  • Aerogel Market, by Application:
      • Oil & Gas
      • Construction
      • Transportation
      • Performance Coating
      • Day-lighting & LVHS
      • Others
  • Aerogel Market, by Geography:
    • North America

§  United States

§  Canada

§  Mexico

§  Rest of North America

    • Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Rest of Europe

    • Asia Pacific

§  China

§  Japan

§  South Korea

§  Australia

§  India

§  Rest of APAC

    • South America

§  Brazil

§  Argentina

§  Colombia

§  Rest of South America

    • MEA

§  Saudi Arabia

§  UAE

§  Israel

§  South Africa

§  Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 20 players

Company Profiles: Detailed analysis of the major companies present in the global aerogel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of manufacturers across the globe.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

Detailed analysis of new products in the market and their driving forces in the market.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.       Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global Aerogel Market

4.       Executive Summary

5.       Voice of Customer

5.1.     Product Quality

5.2.     Product Awareness

5.3.     Pricing 

6.       Global Aerogel Market Outlook 

6.1.     Market Size & Forecast

6.1.1.  By Value

6.2.     Market Share & Forecast

6.2.1.  By Type (Silica, Carbon, Polymer & Others)

6.2.2.  By Form (Blanket, Particle, Panel & Monolith)

6.2.3.  By Processing (Virgin, Composites & Additives) 

6.2.4.  By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

6.2.5.  By Company

6.2.6.  By Region

6.3.     Market Attractiveness Index (By Type, By Form, By Application & By Region)

7.       Asia-Pacific Aerogel Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value

7.2.      Market Share & Forecast

7.2.1.  By Type (Silica, Carbon, Polymer & Others)

7.2.2.  By Form (Blanket, Particle, Panel & Monolith)

7.2.3.  By Processing (Virgin, Composites & Additives) 

7.2.4.  By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)    

7.2.5.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

7.2.5.1. China Aerogel Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Type (Silica, Carbon, Polymer & Others)

7.2.5.1.2.2. By Form (Blanket, Particle, Panel & Monolith)

7.2.5.1.2.3. By Processing (Virgin, Composites & Additives)

7.2.5.1.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others) 

7.2.5.2. India Aerogel Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Type (Silica, Carbon, Polymer & Others)

7.2.5.2.2.2. By Form (Blanket, Particle, Panel & Monolith)

7.2.5.2.2.3. By Processing (Virgin, Composites & Additives)

7.2.5.2.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

7.2.5.3. Japan Aerogel Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Type (Silica, Carbon, Polymer & Others)

7.2.5.3.2.2. By Form (Blanket, Particle, Panel & Monolith)

7.2.5.3.2.3. By Processing (Virgin, Composites & Additives)

7.2.5.3.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

7.2.5.4. Australia Aerogel Market Outlook

7.2.5.4.1. Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2. Market Share & Forecast

7.2.5.4.2.1. By Type (Silica, Carbon, Polymer & Others)

7.2.5.4.2.2. By Form (Blanket, Particle, Panel & Monolith)

7.2.5.4.2.3. By Processing (Virgin, Composites & Additives)

7.2.5.4.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)  

7.2.5.5. South Korea Aerogel Market Outlook

7.2.5.5.1. Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2. Market Share & Forecast

7.2.5.5.2.1. By Type (Silica, Carbon, Polymer & Others)

7.2.5.5.2.2. By Form (Blanket, Particle, Panel & Monolith)

7.2.5.5.2.3. By Processing (Virgin, Composites & Additives)

7.2.5.5.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

8.       North America Aerogel Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value

8.2.      Market Share & Forecast

8.2.1.  By Type (Silica, Carbon, Polymer & Others)

8.2.2.  By Form (Blanket, Particle, Panel & Monolith)

8.2.3.  By Processing (Virgin, Composites & Additives) 

8.2.4.  By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

8.2.5.  By Country (United States, Canada, Mexico & Rest of North America)

8.2.5.1. United States Aerogel Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Type (Silica, Carbon, Polymer & Others)

8.2.5.1.2.2. By Form (Blanket, Particle, Panel & Monolith)

8.2.5.1.2.3. By Processing (Virgin, Composites & Additives)

8.2.5.1.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

8.2.5.2. Canada Aerogel Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Type (Silica, Carbon, Polymer & Others)

8.2.5.2.2.2. By Form (Blanket, Particle, Panel & Monolith)

8.2.5.2.2.3. By Processing (Virgin, Composites & Additives)

8.2.5.2.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

8.2.5.3. Mexico Aerogel Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Type (Silica, Carbon, Polymer & Others)

8.2.5.3.2.2. By Form (Blanket, Particle, Panel & Monolith)

8.2.5.3.2.3. By Processing (Virgin, Composites & Additives)

8.2.5.3.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

9.       South America Aerogel Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value

9.2.      Market Share & Forecast

9.2.1.  By Type (Silica, Carbon, Polymer & Others)

9.2.2.  By Form (Blanket, Particle, Panel & Monolith)

9.2.3.  By Processing (Virgin, Composites & Additives) 

9.2.4.  By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

9.2.5.  By Country (Brazil, Argentina, Colombia & Rest of South America)

9.2.5.1. Brazil Aerogel Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Type (Silica, Carbon, Polymer & Others)

9.2.5.1.2.2. By Form (Blanket, Particle, Panel & Monolith)

9.2.5.1.2.3. By Processing (Virgin, Composites & Additives)

9.2.5.1.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

9.2.5.2. Argentina Aerogel Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Type (Silica, Carbon, Polymer & Others)

9.2.5.2.2.2. By Form (Blanket, Particle, Panel & Monolith)

9.2.5.2.2.3. By Processing (Virgin, Composites & Additives)

9.2.5.2.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

9.2.5.3. Colombia Aerogel Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Type (Silica, Carbon, Polymer & Others)

9.2.5.3.2.2. By Form (Blanket, Particle, Panel & Monolith)

9.2.5.3.2.3. By Processing (Virgin, Composites & Additives)

9.2.5.3.2.4. By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.    Europe Aerogel Market Outlook

10.1. Market Size & Forecast

10.1.1.       By Value

10.2.  Market Share & Forecast

10.2.1.      By Type (Silica, Carbon, Polymer & Others)

10.2.2.      By Form (Blanket, Particle, Panel & Monolith)

10.2.3.      By Processing (Virgin, Composites & Additives)            

10.2.4.      By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.2.5.      By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

10.2.5.1.             Germany Aerogel Market Outlook

10.2.5.1.1.                    Market Size & Forecast

10.2.5.1.1.1.  By Value

10.2.5.1.2.                    Market Share & Forecast

10.2.5.1.2.1.  By Type (Silica, Carbon, Polymer & Others)

10.2.5.1.2.2.  By Form (Blanket, Particle, Panel & Monolith)

10.2.5.1.2.3.  By Processing (Virgin, Composites & Additives)

10.2.5.1.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.2.5.2.             France Aerogel Market Outlook

10.2.5.2.1.                    Market Size & Forecast

10.2.5.2.1.1.  By Value

10.2.5.2.2.                    Market Share & Forecast

10.2.5.2.2.1.  By Type (Silica, Carbon, Polymer & Others)

10.2.5.2.2.2.  By Form (Blanket, Particle, Panel & Monolith)

10.2.5.2.2.3.  By Processing (Virgin, Composites & Additives)

10.2.5.2.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.2.5.3.             United Kingdom Aerogel Market Outlook

10.2.5.3.1.                    Market Size & Forecast

10.2.5.3.1.1.  By Value

10.2.5.3.2.                    Market Share & Forecast

10.2.5.3.2.1.  By Type (Silica, Carbon, Polymer & Others)

10.2.5.3.2.2.  By Form (Blanket, Particle, Panel & Monolith)

10.2.5.3.2.3.  By Processing (Virgin, Composites & Additives)

10.2.5.3.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.2.5.4.             Italy Aerogel Market Outlook

10.2.5.4.1.                    Market Size & Forecast

10.2.5.4.1.1.  By Value

10.2.5.4.2.                    Market Share & Forecast

10.2.5.4.2.1.  By Type (Silica, Carbon, Polymer & Others)

10.2.5.4.2.2.  By Form (Blanket, Particle, Panel & Monolith)

10.2.5.4.2.3.  By Processing (Virgin, Composites & Additives)

10.2.5.4.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

10.2.5.5.             Spain Aerogel Market Outlook

10.2.5.5.1.                    Market Size & Forecast

10.2.5.5.1.1.  By Value

10.2.5.5.2.                    Market Share & Forecast

10.2.5.5.2.1.  By Type (Silica, Carbon, Polymer & Others)

10.2.5.5.2.2.  By Form (Blanket, Particle, Panel & Monolith)

10.2.5.5.2.3.  By Processing (Virgin, Composites & Additives)

10.2.5.5.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

11.    MEA Aerogel Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2.  Market Share & Forecast

11.2.1.   By Type (Silica, Carbon, Polymer & Others)

11.2.2.   By Form (Blanket, Particle, Panel & Monolith)

11.2.3.   By Processing (Virgin, Composites & Additives)              

11.2.4.   By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

11.2.5.   By Country (Saudi Arabia, UAE, Iraq, South Africa & Rest of MEA)  

11.2.5.1. Saudi Arabia Aerogel Market Outlook

11.2.5.1.1.  Market Size & Forecast

11.2.5.1.1.1.  By Value

11.2.5.2.  Market Share & Forecast

11.2.5.2.1.1.  By Type (Silica, Carbon, Polymer & Others)

11.2.5.2.1.2.  By Form (Blanket, Particle, Panel & Monolith)

11.2.5.2.1.3.  By Processing (Virgin, Composites & Additives)

11.2.5.2.1.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

11.2.5.3. UAE Aerogel Market Outlook

11.2.5.3.1.  Market Size & Forecast

11.2.5.3.1.1.  By Value

11.2.5.3.2.  Market Share & Forecast

11.2.5.3.2.1.  By Type (Silica, Carbon, Polymer & Others)

11.2.5.3.2.2.  By Form (Blanket, Particle, Panel & Monolith)

11.2.5.3.2.3.  By Processing (Virgin, Composites & Additives)

11.2.5.3.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

11.2.5.4. Iraq Aerogel Market Outlook

11.2.5.4.1.  Market Size & Forecast

11.2.5.4.1.1.  By Value

11.2.5.4.2.  Market Share & Forecast

11.2.5.4.2.1.  By Type (Silica, Carbon, Polymer & Others)

11.2.5.4.2.2.  By Form (Blanket, Particle, Panel & Monolith)

11.2.5.4.2.3.  By Processing (Virgin, Composites & Additives)

11.2.5.4.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

11.2.5.5. South Africa Aerogel Market Outlook

11.2.5.5.1.  Market Size & Forecast

11.2.5.5.1.1.  By Value

11.2.5.5.2.  Market Share & Forecast

11.2.5.5.2.1.  By Type (Silica, Carbon, Polymer & Others)

11.2.5.5.2.2.  By Form (Blanket, Particle, Panel & Monolith)

11.2.5.5.2.3.  By Processing (Virgin, Composites & Additives)

11.2.5.5.2.4.  By Application (Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)

12.    Market Dynamics

12.1.   Drivers/Opportunities

12.2.   Challenges/Pitfalls

13.    Market Trends & Developments

14.    Competitive Landscape

14.1.    Company Profiles (Top 10 Companies)

14.1.1.      Aspen Aerogels

14.1.2.      Cabot Corporation

14.1.3.      Aerogel Technologies

14.1.4.      Nano High-Tech

14.1.5.      Guangdong Alison Hi-Tech

14.1.6.      Active Aerogels

14.1.7.      Enersens

14.1.8.      Jios Aerogel

14.1.9.      BASF

14.1.10.   Svenska Aerogel

15.    Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing demand for superior thermal resistance, required characteristics such as light and thin nature and high demand coming from end-use industries is expected to drive global aerogel market through 2027.

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The global aerogel market is segmented into type, form, processing, application, company, and region.

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Based on type, the heat stabilizer segment is expected to hold the largest share in global aerogel market during the forecast period.

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Some of the major players operating in the global aerogel market are BASF SE, Songwon Industrial Co., Ltd., Albemarle Corporation, Clariant International Ltd., Akzo Nobel N.V. and Solvay SA etc.

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Sakshi Bajaal

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