GITNUX MARKETDATA REPORT 2024
Aerogel Industry Statistics
The aerogel industry is expected to experience steady growth in the coming years, driven by increasing demand in various applications such as thermal insulation, aerospace, and oil and gas.
In this post, we explore the dynamic landscape of the aerogel industry, delving into key statistics and trends shaping the global market. From the market value projections to industry dominance by key players, we analyze the growth prospects and application diversity driving the aerogel sector forward.
Statistic 1
"The global Aerogel market was valued at USD 690.88 million in 2020."
Statistic 2
"It is expected that the Aerogel market will grow at a CAGR of over 10% during the forecast period (2021-2026)."
Statistic 3
"Silica aerogel held the largest share in the market in 2018 and is expected to grow during the forecast period."
Statistic 4
"Building insulation segment dominated the market in 2018 and is expected to grow during the forecast period."
Statistic 5
"North America region dominated the global market share in 2018."
Statistic 6
"By 2025, the global aerogel market is expected to reach $1.92 billion."
Statistic 7
"Major companies in the aerogel industry include Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Active Aerogels, and Enersens SAS, among others."
Statistic 8
"Silica aerogel accounted for 92.8% of the global revenue share in 2019."
Statistic 9
"The demand for aerogel in oil & gas applications is expected to increase at a compound annual growth rate (CAGR) of 18.6% from 2020 to 2027."
Statistic 10
"The Asia Pacific aerogel market is projected to reach USD 785.6 million by 2027."
Statistic 11
"The polymer aerogel market is expected to grow at a CAGR of 18.4% during 2020-2027."
Statistic 12
"Carbon-based aerogels are projected to grow at a CAGR of 21.4% during the forecast period."
Statistic 13
"The global market for aerogel insulation is estimated to be USD 551 million in 2021."
Statistic 14
"The aerogel insulation market is projected to reach USD 822 million by 2026."
Statistic 15
"Building and construction is the largest end-use industry of the aerogel market."
Statistic 16
"Silica aerogels accounted for 97.6% of global aerogel volume in 2019."
Statistic 17
"The European aerogel market witnessed a CAGR of 13.9% from 2016 to 2026."
Statistic 18
"The North American aerogel market is expected to grow at a CAGR of over 10.4% from 2016 to 2026."
Statistic 19
"The aerogel market size in the Asia Pacific region is expected to grow at a CAGR of 15.4% from 2016 to 2026."
Statistic 20
"The aerogel is widely consumed in oil & gas industries due to its superior thermal insulation properties, accounting for over 61% of market share in 2019."
Jannik Lindner
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