Aerogel Sheets Market: By Type (Silica, Polymer, and Carbon), By Form (Blanket, Panel, Particle, and Monolith), By Processing (Virgin, Composites, and Additives), By End-User (Oil & Gas, Construction, Transportation, and Performance Coatings) and Geography

Aerogel Sheets Market was valued at USD 1,425.3 million in 2023 and is poised to reach USD 2316.4 million by 2030,  and is expected to grow at a 10.2% CAGR from 2024 to 2030. Aerogels are a class of low-density solid gels in which the liquid component for the get is replaced with gas and air, aerogels are mostly considered for use in laser experiments, sensors, thermal insulation for optics and light guides, imaging devices, catalysts and others which fuel the aerogel demand in the market. In the past years, mineral wools, rock wools, and stone wool have had certain drawbacks in insulation, thermal exposure, and inert chemicals damage the product shelf life, aerogel is the best alternative for traditional insulation materials, resulting in increased use in building & construction, oil & gas due to low thermal conductivity and less thickness owing high demand which drives the market. Aerogels provide heat resistance properties, which are ten times lower than conventional insulation material, so they become the potential replacement for lower thermal conductivity and give valuable space savings resulting in the increased demand for aerogel, creating various opportunities in the aerogel sheet market. The production cost of aerogel includes raw materials, process technologies such as solvent exchange steps, long reaction time, and high installation cost in low production capabilities companies create hindrances in the market and restrict the growth of aerogel sheets. 

Aerogel Sheets Market Key Developments:

• In March 2022, Svenska Aerogel AB launched the new product SeaQare™, which is based on amorphous, porous silica (Quartzene®) which is hydrophilic and contains copper. SeaQare™ acts as a carrier of copper in antifouling paints, contributing to a controlled release of copper into the water. With the help of SeaQare™, copper can be used more efficiently than in traditional antifouling paints, and unnecessary copper toxicity in our oceans can be avoided.
• In January 2022, Thermablok Technologies launched THERMABLOK Aerogel Insulation Strip®. THERMABLOK® is a highly efficient, aerogel-based insulating material that breaks conductive “thermal bridging” and can increase the overall wall R-value of a wall by more than 32 percent, regardless of cavity insulation.