Top 50 Companies in Aerogel Market: Key Insights & Innovations (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Aerogel Market Size is projected to Grow from USD 1.34 Billion in 2024 to USD 4.76 Billion by 2035, at a CAGR of 12.21% during the forecast period 2025–2035. There are several reasons for the rising demand for aerogel. First, the cost of aerogel has gone up due to its expanding use in numerous industries. Second, since aerogel is a crucial component of hydraulic fracturing, or "fracking," its growing popularity has also increased demand for it.
Introduction
Aerogels are materials made from gel that are synthetic, extremely light, and porous. They are made by substituting gas for the gel's liquid component. Aerogel blankets, monoliths, and panels are primarily made of silica, carbon, metal oxide, and polymers. It is anticipated that their advantages over conventional insulation materials will propel market expansion. Aerogels are incredibly porous, have a very low density, and very little heat conductivity. They are extensively utilized in the building and construction as well as automotive industries for acoustic and thermal insulation purposes. The aerogel market is experiencing significant growth due to the rising need for sustainable solutions. Aerogels are known for being lightweight and having exceptional thermal insulation properties, which provide energy efficiency and reduce environmental effects in a variety of industries. Furthermore, the importance of implementing environmentally friendly materials like aerogels in the automotive, aerospace, and construction sectors is growing as regulations become more stringent and awareness of climate change rises. It improves performance in aircraft applications, lowers fuel consumption in automobiles, and increases building energy efficiency.
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Aerogel Market Size & Statistics
- The Market Size for Aerogel Was Estimated to be worth USD 1.34 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 12.21% between 2025 and 2035.
- The Global Aerogel Market Size is anticipated to reach USD 4.76 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Aerogel Market
- Asia-Pacific is expected to grow the fastest during the forecast period in the Aerogel Market.
Regional growth and demand
Asia-Pacific is expected to grow the fastest during the forecast period in the aerogel market. The European aerogel market is expanding significantly due to stringent energy efficiency laws, sustainability goals, and advancements in material science. The European Union's focus on reducing carbon emissions and achieving sustainability objectives has increased the use of aerogel because of its eco-friendly, lightweight, and energy-efficient properties. The region's growing construction sector, particularly in eco-friendly building projects, and increased R&D expenditures in aerogel production technologies further contribute to the market's expansion.
North America is expected to generate the highest demand during the forecast period in the aerogel market. The latest developments in the regional market, which are fueled by increased public awareness of environmental issues and an increasing focus on reducing carbon footprints to fight pollution and global warming, have been largely driven by the U.S. Additionally, the country's increasing purchase of electronics and other smart gadgets is driving market growth. Additionally, the U.S. market is expanding due to the increased demand for electric vehicles (EVs) as a more environmentally friendly substitute for gasoline-powered vehicles.
Top 10 trends in the Aerogel Market
- Thermal insulation demand in construction
- Electric vehicle battery thermal management
- Oil and gas pipeline insulation
- Aerospace applications for extreme environments
- Advancements in manufacturing technologies
- Sustainability and bio-based aerogels
- Flexible aerogel blankets and panels
- Polymer and carbon aerogel adoption
- Growth in energy storage applications
- Expansion in electronics and wearable technology
1. Thermal insulation demand in construction:
Aerogels are increasingly used for high-performance insulation in green building projects, retrofitting structures to improve energy efficiency. Their ultralight weight and low thermal conductivity make them ideal for space-constrained environments in offices, hospitals, and data centers.
2. Electric vehicle battery thermal management:
Aerogels provide crucial thermal barriers in EV battery packs, minimizing risk of overheating and improving safety. Their integration supports the growing EV market by enabling compact battery designs with enhanced thermal control.
3. Oil and gas pipeline insulation:
In oil and gas infrastructure, aerogels are used for subsea pipeline wraps and LNG insulation jackets. These applications reduce heat loss, prevent hydrate formation, and improve operational efficiency in harsh environments.
4. Aerospace applications for extreme environments:
Aerogels are essential in aerospace for fuel tank linings, reentry shielding, and debris protection due to their excellent insulation in vacuum and extreme temperature conditions. NASA and others continue validating aerogel materials in advanced flight projects.
5. Advancements in manufacturing technologies:
Innovations like ambient-pressure drying and automated roll-to-roll manufacturing are decreasing production costs and increasing scalability. These advances enable broader market adoption and the production of flexible aerogel blankets for diverse end uses.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the aerogel market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Aerogel Market
- Cabot Corporation
- Aspen Aerogels
- Aerogel Technologies
- Armacell
- BASF
- Jiangsu Eagle Aerosol Materials
- Enersens
- NanoPore
- Boardwalk Pipelines
- Schmelzbare Isolierungen
- American Aerogel Corporation
- Flugen
- Wacker Chemie AG
- Aerogel Solutions
- Thermablok Solutions
- Pyrogel
- Arinex Technologies
- Zotefoams
- Mogul Aerogel
- Porex Corporation
- Nanopore
- DuPont Aerogel
- SiNode Systems
- Kross Solutions
- Luyang Energy
1. Cabot Corporation – Boston, Massachusetts, USA
Cabot Corporation is a leading global specialty chemicals and performance materials company, headquartered in Boston. Cabot made significant advances in aerogel technology, pioneering the continuous commercial production of aerogels under ambient conditions since 2003. Their aerogel products serve diverse applications in transportation, infrastructure, and environmental industries. Cabot’s focus on sustainability aligns with their ambition to achieve net-zero emissions by 2050. Their aerogels are valued for thermal insulation in energy and advanced industrial uses, enhancing energy efficiency and safety. With manufacturing facilities worldwide and a strong R&D pipeline, Cabot continues to drive innovation and market growth in the aerogel sector.
2. Aspen Aerogels – Northborough, Massachusetts, USA
Founded in 2001 and headquartered in Massachusetts, Aspen Aerogels specializes in designing, developing, and manufacturing aerogel insulation products. Their portfolio includes products like PyroThin for lithium-ion battery thermal management, Pyrogel for corrosion prevention in energy infrastructure, and Cryogel for cryogenic applications. Aspen supports sectors including energy, transportation, and sustainable building insulation. The company prioritizes sustainability and innovation, continually expanding its aerogel technology platform globally. Aspen aims to address global energy and environmental challenges by delivering high-performance aerogel solutions for thermal protection and fire safety, positioning them as an industry leader in advanced aerogel materials.
3. Aerogel Technologies – Boston, Massachusetts, USA
Aerogel Technologies, located in Boston, is known as the world’s leading manufacturer of monolithic and mechanically strong aerogel materials. Established to make aerogel materials broadly accessible, the company focuses on producing transparent, superinsulating aerogel monoliths for scientific, medical, aerospace, and construction applications. Their innovations in automated supercritical drying and advanced manufacturing allow cost-effective production of aerogels with versatile compositions. Aerogel Technologies specializes in lightweight, high-performance materials essential for energy conservation, offering unique products like machinable Airloy aerogels used in precision engineering and research.
4. Armacell – Luxembourg
Armacell is a global leader in flexible foam and engineered insulation products, headquartered in Luxembourg. With over 3,300 employees and 25 production facilities worldwide, Armacell develops proprietary aerogel blanket technology under the ArmaGel brand. Their aerogel insulation solutions provide high thermal performance for equipment insulation in energy, industrial, and transportation sectors. Armacell’s recent investments include expanding aerogel production capacity in India and China to meet rising demand and support innovations in thermal runaway mitigation for electric vehicle batteries. Armacell focuses on sustainability, energy efficiency, and developing advanced foam and aerogel composites to reduce environmental impact.
5. BASF – Ludwigshafen, Germany
BASF, headquartered in Ludwigshafen, is a global chemical giant engaging in aerogel technology through strategic partnerships, including collaboration with Aspen Aerogels. BASF leverages its vast chemical expertise to support the development and commercialization of new aerogel products and technologies, facilitating market diversification. Their advanced materials division focuses on solutions that meet increasing energy efficiency standards, insulation needs, and environmental regulations. BASF’s access to extensive technical, sales, and financial resources accelerates aerogel market penetration globally, making them a significant player in this cutting-edge material segment.
Are you ready to discover more about the aerogel market?
The report provides an in-depth analysis of the leading companies operating in the global aerogel market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Cabot Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Aspen Aerogels
- Aerogel Technologies
- Armacell
- BASF
- Jiangsu Eagle Aerosol Materials
- Enersens
- NanoPore
- Boardwalk Pipelines
- Others.
Conclusion
The aerogel market is experiencing rapid expansion fueled by increasing demand in thermal insulation across construction, energy, and transportation sectors. Innovations in flexible aerogel blankets and battery thermal management are driving new applications, particularly in electric vehicles and renewable energy infrastructure. Manufacturing advancements are lowering costs and enabling wider adoption of these ultrapure, lightweight materials. Sustainability and energy efficiency remain core themes, positioning aerogels as key contributors to global environmental goals.
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