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Global Aerogel Insulation Market to Witness a Steady Growth During 2024-2032, Aided by the Growing Aerogel Industry

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Global Aerogel Insulation Market Analysis, Growth, Trends: By Type: Silica, Polymer, Carbon, Others; By Form: Blanket, Panel, Particle, Block, Others; By End Use: Oil and Gas, Building and Construction, Automotive, Aerospace and Marine, Performance Coatings, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Aerogel Insulation Market Outlook

The global aerogel insulation market is being aided by the growing global aerogel industry, which attained USD 858.50 million in 2023. The aerogel market is further expected to grow at a CAGR of 10% in the forecast period of 2024-2032.

Global Aerogel Insulation Market

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North America to Drive the Aerogel Insulation Industry Growth Due to Increasing Demand in Various End Use Sectors

Due to massive product demand in various sectors, such as maritime, automobile, and oil and gas in the area, the aerogel insulation industry in North America is expected to witness a steady growth in the coming years. Aside from that, the growing need for low-density solid substances is expected to change the market environment in the forecast period. Meanwhile, the Asia Pacific aerogel insulation industry is expected to develop significantly in the coming years due to large-scale financing of several infrastructure projects in countries such as China, India, and Thailand. In addition, rapid urbanisation in Singapore, Indonesia, and the Philippines would lead to regional business growth. Big car purchases, as a result of high per capita income and spending, are expected to further propel the industry forward in the forecast period.

Aerogel Insulation: Market Segmentation

A silica aerogel is a light solid made from a gel in which gas replaces the liquid portion of the gel. Since the solvent has been removed, a "puffed-up sand"-like layer of 99 percent porosity exists. The process produces a very low density solid with many remarkable properties, especially its effectiveness as a thermal insulator. Aerogels are being used in a variety of new uses, including carbon capture, filtration, and energy storage. When utilised as insulating material, these are called aerogel insulation.

Global Aerogel Insulation Market by Segment

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The market is divided based on type into:

Silica
Polymer
Carbon
Others

By form, the market is segmented into:

Blanket
Panel
Particle
Block
Others

On the basis of end use, the market is segmented into:

Oil and Gas
Building and Construction
Automotive
Aerospace and Marine
Performance Coatings
Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Aerogel Insulation Market by Region

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Growing Electronics Industry to Aid the Market Growth of Aerogel Insulation

The development of the aerogel insulation industry will be fuelled by the shifting consumer preferences toward renewable building materials, which have the potential to reduce carbon footprints. Aerogel insulation demand growth would be accelerated by beneficial characteristics such as high porosity proportion, low-density rigid content, and core air composition. Apart from that, the aerogel insulation industry will grow in scale in the coming years due to its cost-effectiveness as a result of its efficient thermal insulating features over other high-performing insulating substances. Furthermore, the market growth is expected to be aided by the relentless developments in the electronics industry, as well as a change in the trend toward digital technologies. Furthermore, widespread product usage of a variety of electronic components, such as humidity sensors, capacitors, Geiger counters, fuel cells, soft magnets, and infrared detectors, would expand the industry's size. The massive product use in different end-use industries such as automotive, oil and gas, aerospace, building and manufacturing, premium coatings, and the maritime industry is expected to boost the market's growth in the forecast period.

Key Industry Players in the Global Aerogel Insulation Market

The report gives a detailed analysis of the following key players in the global aerogel insulation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

BASF SE
Aerogel Technologies, LLC
Aspen Aerogels, Inc.
Cabot Corporation
Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Form End Use Region
Breakup by Type	Silica Polymer Carbon Others
Breakup by Form	Blanket Panel Particle Block Others
Breakup by End Use	Oil and Gas Building and Construction Automotive Aerospace and Marine Performance Coatings Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	BASF SE Aerogel Technologies, LLC Aspen Aerogels, Inc. Cabot Corporation Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7 Opportunities and Challenges in the Market
8   Global Aerogel Insulation Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Aerogel Insulation Historical Market (2018-2023)
   8.3   Global Aerogel Insulation Market Forecast (2024-2032)
   8.4   Global Aerogel Insulation Market by Type
       8.4.1   Silica
8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Polymer
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Carbon
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Others
   8.5   Global Aerogel Insulation Market by Form
       8.5.1   Blanket
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Panel
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Particle
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Block
           8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
       8.5.5   Others
   8.6   Global Aerogel Insulation Market by End Use
       8.6.1   Oil and Gas
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Building and Construction
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Automotive
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Aerospace and Marine
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Performance Coatings
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
       8.6.6   Others
   8.7   Global Aerogel Insulation Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Aerogel Insulation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aerogel Insulation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aerogel Insulation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aerogel Insulation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aerogel Insulation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aerogel Technologies, LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Aspen Aerogels, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cabot Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market

Additional Customisations Available

1 Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2 Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Aerogel Insulation Market: Key Industry Highlights, 2018 and 2032
2.   Global Aerogel Insulation Historical Market: Breakup by Type (USD Million), 2018-2023
3.   Global Aerogel Insulation Market Forecast: Breakup by Type (USD Million), 2024-2032
4.   Global Aerogel Insulation Historical Market: Breakup by Form (USD Million), 2018-2023
5.   Global Aerogel Insulation Market Forecast: Breakup by Form (USD Million), 2024-2032
6.   Global Aerogel Insulation Historical Market: Breakup by End Use (USD Million), 2018-2023
7.   Global Aerogel Insulation Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.   Global Aerogel Insulation Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Aerogel Insulation Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Aerogel Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Aerogel Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Aerogel Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Aerogel Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Aerogel Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Aerogel Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Aerogel Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Aerogel Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Aerogel Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Aerogel Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Aerogel Insulation Market Structure

Key Questions Answered in the Report

What was the global aerogel insulation market size in 2023?

The global aerogel insulation market is being aided by the growing global aerogel industry, which attained USD 858.50 million in 2023.

What is the growth rate of the market?

The market is projected to be aided by the growing global aerogel market, which is expected to grow at a CAGR of 10% between 2024 and 2032.

What are the major market drivers?

The major market drivers include the rising preference for innovative building materials, the widespread product use with a variety of electronic components, and the increasing demand for aerogel insulation in various end-use sectors.

What are the key trends of the market?

The cost-effectiveness of aerogel insulation and the growing preference for environmentally safe products are the key trends guiding the market growth.

What are the major regional markets of aerogel insulation, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant types of aerogel insulation in the market?

The significant product types include silica, polymer, and carbon, among others.

What are the major segments based on the form of aerogel insulation?

The major segments based on the form of aerogel insulation are blanket, panel, particle, and block, among others.

What are the different end uses of aerogel insulation?

The different end uses of aerogel insulation are oil and gas, building and construction, automotive, aerospace and marine, and performance coatings, among others.

Who are the key market players, according to the report?

The key players in the aerogel insulation market are BASF SE, Aerogel Technologies, LLC, Aspen Aerogels, Inc., and Cabot Corporation, among others.

Analyst Review

The global aerogel insulation market is being aided by the growing global aerogel industry, which attained USD 858.50 million in 2023. The market is driven by the shifting consumer preferences toward renewable building products and widespread product usage of a variety of electronic components. Aided by the increasing demand in various end use sectors such as the aerospace, building and manufacturing, premium coatings, and maritime industries, the market is expected to witness a further growth in the forecast period of 2024-2032. The aerogel market, which is aiding the growth of the overall aerogel insulation industry, is expected to grow at a CAGR of 10% between 2024 and 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into silica, polymer, and carbon, among others. The market is segmented by form into blanket, panel, particle, and block, among others. In terms of end use, the market is segmented into oil and gas, building and construction, automotive, aerospace and marine, and performance coatings, among others. The major regional markets for aerogel insulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Aerogel Technologies, LLC, Aspen Aerogels, Inc., and Cabot Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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