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Aerogel market expected to exceed US$530m by 2029

Aerogels 2019-2029: Technologies, Markets and Players survey provides the most comprehensive and authoritative view of the global aerogel market, giving detailed ten-year market forecasts segmented by application and both material type and form, including full company profiles based on IDTechEx’s interview-based primary research. The research within this report values the market at present at just over US$220m and anticipates it to marginally exceed US$530m by 2029 for the aerogel manufacturers.

There has been seemingly no limit to the hype and over-inflated proposed market infiltration surrounding the properties and proposed applications for this class of material. To date, the high price-tag has meant that the unique properties aerogels possess have only been valued by a few industries. The market leaders, Aspen Aerogel, have lost over US$300m across the past decade, which alongside others, has in part enabled this market to finally come of age and allow for a more diverse profitable market to be on the cusp of emerging.

This report details the current status of all the different types and forms of pure and composite aerogel products. The most prevalent of which is silica aerogel with the key property being very high thermal insulation (λ = 15-25 mW/m.K), the commercial applications to date centre almost exclusively around silica composite panels and blankets for their use in thermal management. However, given the abundance and cost of traditional insulators manufacturers have been unable to justify the high price on the superior insulating properties alone. Instead they have looked to the added value of the properties these materials possess be it fire retardancy, low density, hydrophobicity, strength or electrical/acoustic insulation.

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