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According to the latest report published by Data Bridge Market Research, the Aerogel Blanket Market
CAGR Value
The global aerogel blanket market size was valued at USD 384.77 million in 2024 and is expected to reach USD 1863.70 million by 2032, ****at a CAGR of 21.80% during the forecast period
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Aerogel Blanket Market Segmentation and Market Companies
Segments
- Based on material type, the aerogel blanket market can be segmented into silica, carbon, and others. Silica aerogel blankets are expected to dominate the market due to their superior thermal insulation properties and lightweight nature. The increasing demand for efficient insulation materials in various end-use industries is driving the growth of silica aerogel blankets.
- On the basis of form, the market can be divided into panels, rolls, and others. The panel segment is anticipated to hold a significant market share as panels offer ease of installation and better coverage compared to other forms of aerogel blankets.
- Considering application, the aerogel blanket market can be categorized into oil & gas, construction, automotive, aerospace, and others. The oil & gas segment is projected to witness considerable growth owing to the rising adoption of aerogel blankets for insulating pipelines, tanks, and other equipment in the sector.
- By end-use industry, the market can be segmented into petrochemical, building & construction, transportation, and others. The building & construction segment is likely to lead the market due to the increasing focus on energy-efficient buildings and stringent regulations regarding building insulation.
Market Players
- Aspen Aerogels
- Cabot Corporation
- Aerogel Technologies
- Nano Tech Coatings
- Active Aerogels
- Guangdong Alison Hi-Tech
- Enersens