- Micro Silicon Dioxide Aerogel
- Ultrafine Silicon Dioxide Aerogel
- Others
Silicon Dioxide Aerogel Market size was valued at USD 860.9 million in 2023 and is expected to grow at a CAGR of 12.6 % from 2024 to 2030. The market growth is owing to the rise in demand for silicon dioxide aerogel from various industry verticals such as construction, oil & gas, aerospace, automotive, and others, and also the growing demand for battery management systems in electric vehicles which fuels the growth of the market. Despite the growth of the market, the challenges hindering the growth of the market are high production costs and the availability of natural alternative materials & cheap cost materials from the competitors. Due to its transparent and opaque-based insulation silicon dioxide aerogel is attracting the cosmetics industry and other application areas which creates the research and development of new products, It is also used in oil spills and organic liquid for clean-up. North America is the most dominating region due to its well-established construction industry with a high demand for energy-efficient materials, The combination of a growing construction industry, a significant demand from the oil and gas sector, and government initiatives promoting energy efficiency and sustainability are expected to fuel the growth of the APAC silica aerogel market at a higher rate than other regions in the coming years.
Silicon Dioxide Aerogel Market Key Developments:
- In December 2023, Cabot Corporation announced a collaboration with the National Institute of Standards and Technology (NIST) to develop new methods for characterizing and testing aerogels.
- In October 2023, BASF launched its new Aerogel Blanket product line for industrial insulation applications
Silicon Dioxide Aerogel Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
12.6%
Largest Market
North-America
Fastest Growing Market
North-America
Silicon Dioxide Aerogel Market Dynamics
The rise of the building and construction and oil and gas industries is a major driver for the silica aerogel market. In the oil and gas industry, aerogel's chemical inertness and low heat conductivity make it ideal for insulating and protecting pipes. Similarly, in construction, silica aerogel blankets are increasingly used for insulating building walls and roofs. Silica aerogel's key advantage is its superior performance compared to traditional insulation materials. It is significantly lighter, offering more resistance with a much thinner layer. This low density and low heat conductivity make it the preferred choice for thermal protection. These qualities also make it suitable for firefighter equipment and protective clothing. Beyond construction and oil and gas, the market is driven by the automotive and aerospace industries. Silica aerogel's large surface area and small pores make it a great adsorbent, useful in wastewater treatment. Additionally, its ability to trap particles and its low thermal conductivity makes it valuable for space exploration, as demonstrated by NASA's use of aerogel in the Stardust spacecraft and Mars Rover.
North-America Got Significant Share of
Silicon Dioxide Aerogel Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In 2023, North America accounted for 40.5% and dominates the market and is valued at US 349.1 million and is projected to grow at 12.1% CAGR over 2023 – 2030, due to increasing demand for insulation, technological advancements, growth in end-use industries, and government initiatives promoting energy efficiency and reducing carbon emissions. Asia-pacific is the fastest growing region in the market, at present it's valued at 250.7 million US dollars, accounts for a significant share of the global silicon dioxide aerogel market due to an increase in residential & commercial growth in developing countries and is projected to grow at a 13.8% CAGR over 2023 - 2030. Europe growing moderately due to increasing demand for insulation in the construction and industrial sectors, as well as the rising focus on energy efficiency and sustainability in the region, and is projected to grow at a 12.0% CAGR over 2023 – 2030. Latin America & MEA have the lowest share in the Silicon Dioxide Aerogel Market
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The silicon dioxide aerogel market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
Silicon Dioxide Aerogel Market Segmentation
By Type
By Application
- Construction
- Oil & Gas
- Marine
- Automotive
- Aerospace
- Others
By Geography
North America
- USA
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Rest of Europe
The Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
MEA
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Frequently Asked Questions
The silicon dioxide aerogel market size was valued at USD 860.9 million in 2023 and is expected to grow at a CAGR of 12.6 % from 2024 to 2030.
JIOS Aerogel, Dow Chemical, Aspen Aerogel, Cabot Corporation, Aerogel Technologies, Armacell Active Aerogels, Enersens, Svenska Arogel
North-America is the dominant market in the silicon dioxide aerogel market.
- JIOS Aerogel
- Dow Chemical
- Aspen Aerogel
- Cabot Corporation
- Aerogel Technologies
- Armacell
- Active Aerogels
- Enersens
- Svenska Arogel