“According to a new report published by Introspective Market Research, Aerogel Blanket Market by Type, End-Use Industry, and Region, The Global Aerogel Blanket Market Size Was Valued at USD 0.90 Billion in 2023 and is Projected to Reach USD 2.66 Billion by 2032, Growing at a CAGR of 12.80% from 2024–2032.”
The aerogel blanket market is witnessing strong growth due to increasing demand for advanced thermal insulation materials across industrial, construction, and energy applications. Aerogel blankets are lightweight, flexible insulation products composed of silica aerogel embedded in fibrous matrices, offering exceptional thermal resistance, fire protection, and moisture resistance compared to traditional insulation materials.
These blankets are widely used in oil & gas pipelines, industrial equipment, building envelopes, and aerospace applications where space-saving, high-performance insulation is critical. Their ability to deliver superior insulation with reduced thickness helps improve energy efficiency and operational safety, making them a preferred choice across high-temperature and cryogenic environments.
Market Segmentation
The Aerogel Blanket Market is segmented into Type, End-Use Industry, and Region.
By Type, the market is categorized into Silica Aerogel Blanket, Carbon Aerogel Blanket, and Polymer Aerogel Blanket.
By End-Use Industry, the market is categorized into Oil & Gas, Building & Construction, Automotive & Transportation, Aerospace, and Industrial Manufacturing.
By Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Growth Driver
The primary growth driver for the aerogel blanket market is the rising focus on energy efficiency and thermal insulation in industrial and construction sectors. Stringent energy regulations and sustainability goals are compelling industries to adopt advanced insulation solutions that minimize heat loss and reduce operational costs. Aerogel blankets offer unmatched thermal performance, fire resistance, and durability, making them ideal for high-temperature industrial processes and modern green buildings. The growing oil & gas sector’s need for efficient pipeline insulation further accelerates market expansion.
Market Opportunity
A significant market opportunity lies in the expanding construction and infrastructure development activities across emerging economies. Rapid urbanization, increasing adoption of green buildings, and government initiatives promoting energy-efficient materials are expected to boost demand for aerogel blankets. Additionally, technological advancements aimed at reducing production costs and improving flexibility are opening new avenues in automotive, aerospace, and cold-chain logistics applications, creating long-term growth opportunities for market players.
Detailed Segmentation
Aerogel Blanket Market, Segmentation
The Aerogel Blanket Market is segmented on the basis of Type, End-Use Industry, and Region.
Type
The Type segment is further classified into Silica Aerogel Blanket, Carbon Aerogel Blanket, and Polymer Aerogel Blanket. Among these, the Silica Aerogel Blanket sub-segment accounted for the highest market share in 2023. Silica aerogel blankets dominate due to their superior thermal insulation, lightweight structure, and high-temperature resistance. These properties make them highly suitable for industrial insulation, oil & gas pipelines, and building applications, driving widespread adoption across multiple industries.
End-Use Industry
The End-Use Industry segment is further classified into Oil & Gas, Building & Construction, Automotive & Transportation, Aerospace, and Industrial Manufacturing. Among these, the Oil & Gas sub-segment accounted for the highest market share in 2023. Extensive use of aerogel blankets in pipeline insulation, subsea operations, and refinery equipment, owing to their space-saving and moisture-resistant properties, has significantly contributed to segment growth.
Some of The Leading/Active Market Players Are-
• Aspen Aerogels, Inc. (U.S.)
• Cabot Corporation (U.S.)
• Armacell International S.A. (Luxembourg)
• BASF SE (Germany)
• Dow Inc. (U.S.)
• Svenska Aerogel AB (Sweden)
• Guangdong Alison Hi-Tech Co., Ltd. (China)
• Active Aerogels (Portugal)
• JIOS Aerogel Corporation (South Korea)
• Nano Tech Co., Ltd. (China)
• Enersens (France)
• Guangdong Aerogel Technology Co., Ltd. (China)
• and other active players.
Key Industry Developments
In March 2024, a leading aerogel manufacturer expanded its production capacity to meet rising global demand for industrial insulation solutions.
The expansion aims to support growing applications in oil & gas and construction sectors while strengthening the company’s global supply chain and market presence.
In September 2023, a major industry player introduced a next-generation flexible aerogel blanket with enhanced thermal performance.
The new product targets energy-efficient building applications and high-temperature industrial uses, offering improved durability and ease of installation.
Key Findings of the Study
• Silica aerogel blankets dominate the global market
• Oil & gas remains the leading end-use industry
• North America holds a significant market share
• Rising energy-efficiency regulations drive growth
• Construction sector presents strong future opportunities
About Us
At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving growth in the Aerogel Blanket Market. With deep insights, strategic solutions, and holistic research, we empower businesses to achieve success and dominance in the global aerogel insulation industry.
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