Global Silica Aerogel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Blanket, Panel, Monolith and Others.

By Application;

Oil and Gas, Building Insulation, Industrial Insulation, Aerospace and Defense, Transportation and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn765590460 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Silica Aerogel Market (USD Million), 2021 - 2031

In the year 2024, the Global Silica Aerogel Market was valued at USD 4,042.23 million. The size of this market is expected to increase to USD 13,029.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The global silica aerogel market has witnessed significant growth in recent years, driven by the material’s unique properties and expanding applications across various industries. Silica aerogel, known for its ultra-lightweight and highly insulating characteristics, has become a pivotal component in sectors such as construction, automotive, and aerospace. This market expansion is fueled by the increasing demand for energy-efficient solutions and advancements in aerogel manufacturing technologies.

Silica aerogel's remarkable thermal insulation capabilities and low density make it an attractive material for applications requiring high-performance insulation. In the construction industry, it is used in building materials to enhance energy efficiency and reduce heating and cooling costs. The automotive sector leverages silica aerogel for lightweighting and improving thermal management, while the aerospace industry benefits from its use in spacecraft insulation and other high-tech applications.

The market dynamics are also influenced by ongoing research and development efforts aimed at improving silica aerogel properties and reducing production costs. Innovations in aerogel synthesis and processing techniques are enhancing material performance and opening new avenues for its use. Additionally, environmental regulations and sustainability trends are driving the adoption of silica aerogel as a green alternative to traditional insulating materials.

The market is experiencing robust growth across various regions, with significant contributions from North America, Europe, and Asia-Pacific. Each region's growth is driven by its unique industrial needs and technological advancements. As the global demand for energy-efficient and high-performance materials continues to rise, the silica aerogel market is poised for sustained expansion and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Silica Aerogel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing insulation demand
        2. Advancements in manufacturing technology
        3. Increasing energy efficiency regulations
        4. Rising construction industry needs
        5. Expanding aerospace applications
      2. Restraints
        1. High production costs
        2. Fragility and handling issues
        3. Limited raw material availability
        4. Regulatory compliance challenges
        5. Market competition
      3. Opportunities
        1. Emerging market growth
        2. Innovative product applications
        3. Technological advancements
        4. Expansion in renewable energy
        5. Strategic partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Silica Aerogel Market, By Form, 2021 - 2031 (USD Million)
      1. Blanket
      2. Panel
      3. Monolith
      4. Others
    2. Global Silica Aerogel Market, By Application, 2021 - 2031 (USD Million)
      1. Oil and Gas
      2. Building insulation
      3. Industrial insulation
      4. Aerospace and defense
      5. Transportation
      6. Other Applications
    3. Global Silica Aerogel Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Cabot Corporation
      3. Aspen Aerogels, Inc.
      4. Aerogel Technologies, LLC
      5. Ocellus Inc.
      6. The Dow Chemical Company
      7. JIOS Aerogel Corporation
      8. Guangdong Alison Hi-Tech Co., Ltd
      9. Svenska Aerogel Holding AB
      10. TAASI Corporation
      11. MAERO TECH SDN BHD
      12. Gelanggang Kencana Sdn. Bhd
      13. KLAY EnerSol Sdn. Bhd
  7. Analyst Views
  8. Future Outlook of the Market