Aerogel Sector: Growth Drivers and Challenges
Growth Drivers
-
Increasing Demand for Aerogels from Oil & Gas Industry
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Thinness and Lightweight of Aerogels than Other Insulating materials
Challenges
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High Production Cost of Aerogels
Aerogel Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
16.1% |
|
Base Year Market Size (2024) |
USD 1.31 billion |
|
Forecast Year Market Size (2037) |
USD 9.12 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of aerogel is estimated at USD 1.49 billion.
Aerogel Market size was over USD 1.31 billion in 2024 and is poised to exceed USD 9.12 billion by 2037, growing at over 16.1% CAGR during the forecast period i.e., between 2025-2037.
North America industry is likely to hold largest revenue share by 2037, driven by rising demand for aerogels from aerospace, marine and automotive industries.
The major players in the market are Aerogel Technologies, LLC, CMC Materials Corporation, Aspen Aerogels, Inc., BASF SE and others.
