조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년07월
Aerogel Market – Global Forecast to 2029
에어로겔 시장 – 종류(실리카, 폴리머, 카본), 형상(블랭킷, 패널, 입자, 모노리스), 가공(제조시, 복합 재료), 용도(에너지 산업, 수송, 건축 및 건설), 지역별 – 2029년까지의 세계 예측
Aerogel Market by Type (Silica, Polymer, Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (As Manufactured, Composites), Application (Energy Industrial, Transportation, Architecture & Construction), and Region – Global Forecast to 2029
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| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
In terms of value, the aerogel market is estimated to grow from USD 0.9 billion in 2024 to USD 1.6 billion by 2029, at a CAGR of 12.8%.
에어로겔 시장은 2024년 9억 달러에서 2029년까지 16억 달러로 CAGR 12.8%로 성장할 것으로 추정됩니다.
The rising applications of aerogel in transportation, petrochemical, power generation, distinct energy and oil & gas industry are driving the aerogel market. Also, as levated manufacturing costs and low mechanical strength, there is an escalating desire for sustainable and high strength aerogel alternatives.
“Carbon is projected to be the second-fastest growing type of aerogel market, in terms of value, during forecast period.”
Carbon is on projected to be the second-fastest growing segment type of the aerogel market, displaying the second-highest CAGR among all the aerogel types. This is because of their special characteristics and increasing uses. Carbon aerogels possess characteristics like high electrical conductivity, large surface area and thermal stability therefore, they are very suitable for manufacture of energy storage devices including super capacitors and batteries. They also use in supports for catalysts because of their porosity that improves efficiency of the chemical reactions.
“The additives segment is the accounted for the third largest share by processing, in terms of value, during the forecast period in the aerogel market.”
The additive processing segment accounted for the third largest share in aerogel market. These additives may range from polymers, nanoparticles, and reinforcing fibers that may be incorporated in the production process of aerogels. They have an intended function to provide enhancement of physical or mechanical characteristics, including increased strength, flexibility, heat or sound resistance, as well as fire resistance or being antibacterial. With industries turning to custom and specialty aerogels when there are certain application demands that have to be met, aerogels with additives are getting popular. This trend contributes to the\Application of additives as a major processing type in the application of aerogel.
“The Europe is projected to be the second fastest-growing region, in terms of value, during the forecast period in the aerogel market.”
The Europe region is expected to see significant growth in the aerogel market due to several factors such as energy efficiency norms and policies regarding sustainability. Construction industry in the region is gradually integrating aerogels into their structures due to its high thermal conductivity and hence the need to conform to the code. Also, aerospace and automotive industries within Europe are using aerogels due to their light weight and thermal properties that improve on efficiency and performance. Continued research and development initiatives also continue to enhance the development of new forms of aerogel for various uses such as in the electronics, healthcare, and environmental industries. Altogether these factors put Europe in a strategic place in terms of aerogel consumption in the future years.
- By Company Type: Tier 1 – 69%, Tier 2 – 23%, and Tier 3 – 8%
- By Designation: C-Level – 23%, Director Level – 37%, and Others – 40%
- By Region: – North America – 40%, Europe – 17%, Asia Pacific – 24%, South America – 7%, Middle East & Africa – 12%,
The key players profiled in the report include Aspen Aerogels, Inc. (US), Cabot Corporation (US), Armacell International S.A. (Luxembourg), Nano Tech Co., Ltd. (China), Zhejiang UGOO Technology Co., Ltd. (China), Guangdong Alison Technology Co., Ltd. (China), Beerenberg AS (Norway), Aerogel Technologies, LLC (US), Enersens (France), IBIH Advanced Materials Co., Ltd. (China), aerogel-it GmbH (Germany), and among others.
Research Coverage
This report segments the market for aerogel based on type, form, processing, application, and region and provides estimations of volume (Ton) and value (USD Thousand) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for aerogels.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the aerogel market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on aerogel offered by top players in the global market
- Analysis of key drivers: (Improved quality of aerogels, new energy efficiency regulations, and mounting technological advancements and innovations), restraints (Elevated manufacturing costs and low mechanical strength), opportunities (increasing new applications in apparel and day-lighting, rising demand from aviation, and mountind demand for sustainable solutions), and challenges (competitive alternatives) influencing the growth of aerogel market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the aerogel market
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for aerogel across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global aerogel market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the aerogel market
Table of Contents
1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 21
1.2.1 AEROGEL MARKET: INCLUSIONS & EXCLUSIONS 22
1.2.2 AEROGEL MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY TYPE 22
1.2.3 AEROGEL MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY FORM 23
1.2.4 AEROGEL MARKET: MARKET DEFINITIONS AND INCLUSIONS,
BY PROCESSING 23
1.2.5 AEROGEL MARKET: MARKET DEFINITIONS AND INCLUSIONS,
BY APPLICATION 23
1.3 MARKET SCOPE 24
1.3.1 REGIONS COVERED 24
1.3.2 YEARS CONSIDERED 25
1.3.3 CURRENCY CONSIDERED 25
1.3.4 UNITS CONSIDERED 25
1.4 STAKEHOLDERS 25
1.5 SUMMARY OF CHANGES 26
1.5.1 IMPACT OF RECESSION 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.1.1 SECONDARY DATA 28
2.1.2 PRIMARY DATA 28
2.1.2.1 Primary interviews – demand and supply sides 28
2.1.2.2 Key industry insights 29
2.1.2.3 Breakdown of primary interviews 30
2.2 MARKET SIZE ESTIMATION 30
2.2.1 BOTTOM-UP APPROACH 31
2.2.2 TOP-DOWN APPROACH 32
2.3 DATA TRIANGULATION 33
2.4 GROWTH FORECASTS 34
2.4.1 SUPPLY SIDE 35
2.4.2 DEMAND SIDE 35
2.5 IMPACT OF RECESSION 36
2.6 ASSUMPTIONS 37
2.7 LIMITATIONS 37
2.8 RISK ASSESSMENT 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AEROGEL MARKET 41
4.2 NORTH AMERICA AEROGEL MARKET, BY APPLICATION AND COUNTRY 41
4.3 AEROGEL MARKET, BY REGION 42
4.4 AEROGEL MARKET, BY APPLICATION AND REGION, 2023 42
4.5 AEROGEL MARKET, BY KEY COUNTRY 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 45
5.2.1.1 Superior thermal resistance 45
5.2.1.2 Stringent energy efficiency regulations 45
5.2.1.3 Rising technological advancements and innovations 46
5.2.2 RESTRAINTS 47
5.2.2.1 High manufacturing costs 47
5.2.2.2 Poor mechanical strength 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 New applications in apparel market 47
5.2.3.2 Growing applications in day-lighting segment 48
5.2.3.3 Growing demand from aviation industry 49
5.2.3.4 Increasing demand for sustainable solutions 49
5.2.4 CHALLENGES 50
5.2.4.1 Cost competitive alternatives 50
5.3 PORTER’S FIVE FORCES ANALYSIS 50
5.3.1 THREAT OF SUBSTITUTES 51
5.3.2 THREAT OF NEW ENTRANTS 51
5.3.3 BARGAINING POWER OF SUPPLIERS 51
5.3.4 BARGAINING POWER OF BUYERS 51
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 52
5.4 MACROECONOMIC INDICATORS 52
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 52
6 INDUSTRY TRENDS 54
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA 54
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS 54
6.1.2 BUYING CRITERIA 55
6.2 SUPPLY CHAIN ANALYSIS 56
6.2.1 RAW MATERIAL SUPPLIER 56
6.2.2 MANUFACTURER 56
6.2.3 DISTRIBUTION NETWORK 57
6.2.4 END-USE INDUSTRY 57
6.3 ECOSYSTEM ANALYSIS 57
6.4 CASE STUDIES 59
6.4.1 RETROFIT OF ROOFING SYSTEM – DEDMON ATHLETIC CENTER,
RADFORD UNIVERSITY 59
6.4.2 ENHANCING STEAM NETWORK EFFICIENCY AT DUKE UNIVERSITY 59
6.4.3 ENHANCING LNG FACILITY PERFORMANCE WITH CRYOGEL Z 59
6.5 REGULATORY LANDSCAPE 60
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 62
6.6 TECHNOLOGY ANALYSIS 63
6.6.1 KEY TECHNOLOGIES 63
6.6.1.1 Sol-gel process 63
6.6.1.2 Supercritical drying 64
6.6.1.3 Nano compositing 64
6.6.2 COMPLEMENTARY TECHNOLOGIES 64
6.6.2.1 Freeze drying (Lyophilization) 64
6.6.2.2 3D printing 65
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 65
6.7.1 REVENUE SHIFT & NEW REVENUE POCKETS IN AEROGEL MARKET 65
6.8 TRADE DATA STATISTICS 66
6.8.1 IMPORT DATA 66
6.8.2 EXPORT DATA 67
6.9 KEY CONFERENCES & EVENTS 68
6.10 PRICING ANALYSIS 69
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 69
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION 69
6.11 INVESTMENT AND FUNDING SCENARIO 70
6.12 PATENT ANALYSIS 71
6.12.1 APPROACH 71
6.12.2 PATENT TYPE 71
6.12.3 TOP APPLICANTS 74
6.12.4 JURISDICTION ANALYSIS 76
7 AEROGEL MARKET, BY FORM 77
7.1 INTRODUCTION 78
7.2 BLANKET 80
7.3 PARTICLE 80
7.4 PANEL 81
7.5 MONOLITH 81
8 AEROGEL MARKET, BY TYPE 82
8.1 INTRODUCTION 83
8.2 SILICA 85
8.3 POLYMER 86
8.4 CARBON 87
8.5 OTHERS 88
8.5.1 METAL OXIDE 88
8.5.2 MIXED METAL OXIDE 89
8.5.3 METAL CHALCOGENIDES 90
8.5.4 METAL 90
9 AEROGEL MARKET, BY PROCESSING 91
9.1 INTRODUCTION 92
9.2 AS MANUFACTURED (VIRGIN) 93
9.3 COMPOSITES 94
9.4 ADDITIVES 94
10 AEROGEL MARKET, BY APPLICATION 95
10.1 INTRODUCTION 96
10.2 ENERGY INDUSTRIAL 98
10.2.1 OIL REFINING AND NATURAL GAS & LNG TO DRIVE SEGMENT 98
10.3 TRANSPORTATION 100
10.3.1 EXTENSIVE USE IN EV BATTERIES AND AEROSPACE INDUSTRY
TO DRIVE MARKET 100
10.3.2 AEROSPACE 100
10.3.3 AUTOMOTIVE 100
10.3.4 MARINE 101
10.3.5 RAILWAY 101
10.4 ARCHITECTURE & CONSTRUCTION 103
10.4.1 CHANGING CLIMATIC CONDITIONS WORLDWIDE TO DRIVE SEGMENT 103
10.5 OTHER APPLICATIONS 106
11 AEROGEL MARKET, BY REGION 108
11.1 INTRODUCTION 109
11.2 NORTH AMERICA 111
11.2.1 RECESSION IMPACT 111
11.2.2 NORTH AMERICA AEROGEL MARKET, BY APPLICATION 112
11.2.3 NORTH AMERICA AEROGEL MARKET, BY COUNTRY 113
11.2.3.1 US 115
11.2.3.1.1 Emergence of EVs to increase demand for aerogels 115
11.2.3.2 Canada 116
11.2.3.2.1 Cold climatic conditions to increase adoption in
different applications 116
11.2.3.3 Mexico 118
11.2.3.3.1 Developing automotive industry to propel market 118
11.3 ASIA PACIFIC 119
11.3.1 RECESSION IMPACT 120
11.3.2 ASIA PACIFIC AEROGEL MARKET, BY APPLICATION 120
11.3.3 ASIA PACIFIC AEROGEL MARKET, BY COUNTRY 122
11.3.3.1 China 123
11.3.3.1.1 Increasing investment in oil & gas companies to
boost demand 123
11.4 EUROPE 124
11.4.1 RECESSION IMPACT 125
11.4.2 EUROPE AEROGEL MARKET, BY APPLICATION 126
11.4.3 EUROPE AEROGEL MARKET, BY COUNTRY 127
11.4.3.1 Germany 129
11.4.3.1.1 Established automotive industry to drive market 129
11.4.3.2 France 130
11.4.3.2.1 Growth in transportation and construction industries
to drive market 130
11.4.3.3 UK 132
11.4.3.3.1 Regulations in construction industry to generate demand 132
11.5 MIDDLE EAST & AFRICA 133
11.5.1 RECESSION IMPACT 133
11.5.2 MIDDLE EAST & AFRICA AEROGEL MARKET, BY APPLICATION 134
11.6 SOUTH AMERICA 135
11.6.1 RECESSION IMPACT 135
11.6.2 SOUTH AMERICA AEROGEL MARKET, BY APPLICATION 135
12 COMPETITIVE LANDSCAPE 137
12.1 INTRODUCTION 137
12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 137
12.3 MARKET SHARE ANALYSIS 139
12.4 REVENUE ANALYSIS OF MAJOR PLAYERS 141
12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 141
12.5.1 STARS 141
12.5.2 EMERGING LEADERS 141
12.5.3 PERVASIVE PLAYERS 142
12.5.4 PARTICIPANTS 142
12.5.5 COMPANY FOOTPRINT, 2023 143
12.5.5.1 Company footprint 143
12.5.5.2 Region footprint 144
12.5.5.3 Type footprint 145
12.5.5.4 Form footprint 146
12.5.5.5 Application footprint 147
12.5.5.6 Processing footprint 149
12.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 150
12.6.1 PROGRESSIVE COMPANIES 150
12.6.2 RESPONSIVE COMPANIES 150
12.6.3 DYNAMIC COMPANIES 150
12.6.4 STARTING BLOCKS 150
12.6.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 151
12.6.5.1 Aerogel market: Detailed list of key start-ups/SMEs 151
12.6.5.2 Aerogel market: Competitive benchmarking of key start-ups/SMEs 152
12.7 COMPANY EVALUATION AND FINANCIAL METRICS 152
12.8 BRAND/PRODUCT COMPARISONS 153
12.9 COMPETITIVE SCENARIO AND TRENDS 154
12.9.1 PRODUCT LAUNCHES 154
12.9.2 DEALS 155
12.9.3 EXPANSIONS 158
12.9.4 OTHER DEVELOPMENTS 160
13 COMPANY PROFILES 161
13.1 MAJOR PLAYERS 161
(Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, Other developments, MnM view, Right to Win, Strategic choices, Weaknesses and competitive threats) *
13.1.1 ASPEN AEROGELS, INC. 161
13.1.2 CABOT CORPORATION 166
13.1.3 ARMACELL INTERNATIONAL S.A. 171
13.1.4 ZHEJIANG UGOO TECHNOLOGY CO., LTD. 175
13.1.5 NANO TECH CO., LTD. 177
13.1.6 GUANGDONG ALISON TECHNOLOGY CO., LTD. 179
13.1.7 BEERENBERG AS 180
13.1.8 AEROGEL TECHNOLOGIES, LLC 183
13.1.9 ENERSENS 185
13.1.10 IBIH ADVANCED MATERIAL CO., LTD. 187
13.1.11 AEROGEL-IT GMBH 190
13.1.12 JIOS AEROGEL PTE LTD. 193
13.1.13 BLUESHIFT MATERIALS INC. 195
13.1.14 GUIZHOU AEROSPACE WUJIANG ELECTRO-MECHANICAL
EQUIPMENT CO., LTD 196
13.1.15 SVENSKA AEROGEL HOLDING AB 197
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, Other developments, MnM view, Right to Win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13.2 STARTUP/SMES 200
13.2.1 CNCEC HUALU NEW MATERIALS CO., LTD. 200
13.2.2 TAASI CORPORATION 201
13.2.3 AEROBEL BV 202
13.2.4 HEBEI JINNA TECHNOLOGY CO., LTD 203
13.2.5 PANASONIC INDUSTRY CO., LTD. 204
13.2.6 ACTIVE AEROGELS 205
13.2.7 SHENZHEN AEROGEL TECHNOLOGY CO., LTD. 206
13.2.8 AEROGEL UK LTD 207
13.2.9 NAMATE NEW MATERIALS TECHNOLOGY CO., LTD. 208
13.2.10 THERMABLOK AEROGELS LTD 209
13.2.11 ZHONGKE RUNZI TECHNOLOGY CO., LTD. 209
13.2.12 UNINANO ADVANCED MATERIALS CO., LTD 210
13.2.13 NINGBO SURNANO AEROGEL CO., LTD 211
13.2.14 KEEY AEROGEL 212
13.2.15 SUNTHRU 212
13.2.16 DOW INC. 213
14 ADJACENT & RELATED MARKETS 214
14.1 INTRODUCTION 214
14.2 LIMITATION 214
14.3 INSULATION PRODUCTS MARKET 214
14.3.1 MARKET DEFINITION 214
14.3.2 MARKET OVERVIEW 214
14.4 INSULATION PRODUCTS MARKET, BY REGION 215
14.4.1 NORTH AMERICA 216
14.4.2 EUROPE 216
14.4.3 ASIA PACIFIC 217
14.4.4 MIDDLE EAST & AFRICA 218
14.4.5 SOUTH AMERICA 219
15 APPENDIX 220
15.1 DISCUSSION GUIDE 220
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 222
15.3 CUSTOMIZATION OPTIONS 224
15.4 RELATED REPORTS 224
15.5 AUTHOR DETAILS 225
LIST OF TABLES
TABLE 1 AEROGEL MARKET: RISK ASSESSMENT 37
TABLE 2 THERMAL CONDUCTIVITY OF DIFFERENT INSULATION MATERIALS 45
TABLE 3 ENERGY EFFICIENCY REGULATIONS 45
TABLE 4 DAY-LIGHTING: SYSTEMS AND BENEFITS OF AEROGEL 48
TABLE 5 AEROGEL MARKET: PORTER’S FIVE FORCES ANALYSIS 52
TABLE 6 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2029 (USD BILLION) 53
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
THREE APPLICATIONS (%) 54
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55
TABLE 9 AEROGEL MARKET: ROLE IN ECOSYSTEM 58
TABLE 10 NORTH AMERICA: REGULATIONS FOR AEROGELS 60
TABLE 11 EUROPE: REGULATIONS FOR AEROGELS 61
TABLE 12 ASIA PACIFIC: REGULATIONS FOR AEROGELS 61
TABLE 13 MIDDLE EAST & AFRICA: REGULATIONS FOR AEROGELS 62
TABLE 14 SOUTH AMERICA: REGULATIONS FOR AEROGELS 62
TABLE 15 IMPORT OF AEROGELS, BY REGION, 2018–2022 (USD BILLION) 66
TABLE 16 EXPORT OF AEROGELS, BY REGION, 2018–2022 (USD BILLION) 67
TABLE 17 AEROGELS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 68
TABLE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR TOP THREE
APPLICATIONS (USD/KG) 69
TABLE 19 AVERAGE SELLING PRICE TREND OF AEROGEL, BY REGION, 2022–2029 (USD/KG) 70
TABLE 20 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS,
AND GRANTED PATENTS 71
TABLE 21 MAJOR PATENTS FOR AEROGELS 72
TABLE 22 PATENTS BY L’ORÉAL GROUP 74
TABLE 23 PATENTS BY ASPEN AEROGELS, INC. 74
TABLE 24 TOP 10 PATENT OWNERS IN US, 2013–2023 75
TABLE 25 AEROGEL MARKET, BY FORM, 2017–2022 (USD THOUSAND) 78
TABLE 26 AEROGEL MARKET, BY FORM, 2023–2029 (USD THOUSAND) 79
TABLE 27 AEROGEL MARKET, BY FORM, 2017–2022 (TON) 79
TABLE 28 AEROGEL MARKET, BY FORM, 2023–2029 (TON) 79
TABLE 29 ADVANTAGES OF AEROGEL BLANKET FORM 80
TABLE 30 ADVANTAGES OF AEROGEL PANEL FORM 81
TABLE 31 AEROGEL MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 83
TABLE 32 AEROGEL MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 84
TABLE 33 AEROGEL MARKET, BY TYPE, 2017–2022 (TON) 84
TABLE 34 AEROGEL MARKET, BY TYPE, 2023–2029 (TON) 85
TABLE 35 PROPERTIES OF SILICA AEROGEL 85
TABLE 36 PROPERTIES OF ORGANIC POLYMER AEROGEL 86
TABLE 37 BENEFITS AND APPLICATIONS OF POLYIMIDE AEROGEL 87
TABLE 38 PROPERTIES OF CARBON AEROGEL 87
TABLE 39 OTHER TYPES OF AEROGEL 88
TABLE 40 COLORS OF METAL OXIDE AEROGELS 88
TABLE 41 PROPERTIES OF METAL OXIDE AEROGEL 89
TABLE 42 PROPERTIES OF METAL CHALCOGENIDE AEROGEL 90
TABLE 43 PROPERTIES OF METAL AEROGEL 90
TABLE 44 AEROGEL MARKET, BY PROCESSING, 2017–2022 (USD THOUSAND) 92
TABLE 45 AEROGEL MARKET, BY PROCESSING, 2023–2029 (USD THOUSAND) 92
TABLE 46 AEROGEL MARKET, BY PROCESSING, 2017–2022 (TON) 93
TABLE 47 AEROGEL MARKET, BY PROCESSING, 2023–2029 (TON) 93
TABLE 48 AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 96
TABLE 49 AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 97
TABLE 50 AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 97
TABLE 51 AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 97
TABLE 52 ADVANTAGES OF AEROGEL IN ENERGY INDUSTRIAL APPLICATION 98
TABLE 53 ENERGY INDUSTRIAL: AEROGEL MARKET, BY REGION,
2017–2022 (USD THOUSAND) 98
TABLE 54 ENERGY INDUSTRIAL: AEROGEL MARKET, BY REGION,
2023–2029 (USD THOUSAND) 99
TABLE 55 ENERGY INDUSTRIAL: AEROGEL MARKET, BY REGION, 2017–2022 (TON) 99
TABLE 56 ENERGY INDUSTRIAL: AEROGEL MARKET, BY REGION, 2023–2029 (TON) 100
TABLE 57 AEROGEL APPLICATIONS IN TRANSPORTATION 101
TABLE 58 TRANSPORTATION: AEROGEL MARKET, BY REGION, 2017–2022 (USD THOUSAND) 102
TABLE 59 TRANSPORTATION: AEROGEL MARKET, BY REGION, 2023–2029 (USD THOUSAND) 102
TABLE 60 TRANSPORTATION: AEROGEL MARKET, BY REGION, 2017–2022 (TON) 103
TABLE 61 TRANSPORTATION: AEROGEL MARKET, BY REGION, 2023–2029 (TON) 103
TABLE 62 ADVANTAGES OF AEROGEL IN ARCHITECTURE & CONSTRUCTION APPLICATION 104
TABLE 63 ARCHITECTURE & CONSTRUCTION: AEROGEL MARKET, BY REGION,
2017–2022 (USD THOUSAND) 104
TABLE 64 ARCHITECTURE & CONSTRUCTION: AEROGEL MARKET, BY REGION,
2023–2029 (USD THOUSAND) 105
TABLE 65 ARCHITECTURE & CONSTRUCTION: AEROGEL MARKET, BY REGION,
2017–2022 (TON) 105
TABLE 66 ARCHITECTURE & CONSTRUCTION: AEROGEL MARKET, BY REGION,
2023–2029 (TON) 106
TABLE 67 OTHER APPLICATIONS: AEROGEL MARKET, BY REGION,
2017–2022 (USD THOUSAND) 106
TABLE 68 OTHER APPLICATIONS: AEROGEL MARKET, BY REGION,
2023–2029 (USD THOUSAND) 106
TABLE 69 OTHER APPLICATIONS: AEROGEL MARKET, BY REGION, 2017–2022 (TON) 107
TABLE 70 OTHER APPLICATIONS: AEROGEL MARKET, BY REGION, 2023–2029 (TON) 107
TABLE 71 AEROGEL MARKET, BY REGION, 2017–2022 (USD THOUSAND) 109
TABLE 72 AEROGEL MARKET, BY REGION, 2023–2029 (USD THOUSAND) 109
TABLE 73 AEROGEL MARKET, BY REGION, 2017–2022 (TON) 110
TABLE 74 AEROGEL MARKET, BY REGION, 2023–2029 (TON) 110
TABLE 75 NORTH AMERICA AEROGEL MARKET, BY APPLICATION,
2017–2022 (USD THOUSAND) 112
TABLE 76 NORTH AMERICA AEROGEL MARKET, BY APPLICATION,
2023–2029 (USD THOUSAND) 112
TABLE 77 NORTH AMERICA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 113
TABLE 78 NORTH AMERICA AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 113
TABLE 79 NORTH AMERICA: AEROGEL MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 113
TABLE 80 NORTH AMERICA: AEROGEL MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 114
TABLE 81 NORTH AMERICA: AEROGEL MARKET, BY COUNTRY, 2017–2022 (TON) 114
TABLE 82 NORTH AMERICA: AEROGEL MARKET, BY COUNTRY, 2023–2029 (TON) 114
TABLE 83 US: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 115
TABLE 84 US: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 115
TABLE 85 US: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 116
TABLE 86 US: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 116
TABLE 87 CANADA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 116
TABLE 88 CANADA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 117
TABLE 89 CANADA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 117
TABLE 90 CANADA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 117
TABLE 91 MEXICO: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 118
TABLE 92 MEXICO: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 118
TABLE 93 MEXICO: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 119
TABLE 94 MEXICO: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 119
TABLE 95 ASIA PACIFIC: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 120
TABLE 96 ASIA PACIFIC: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 121
TABLE 97 ASIA PACIFIC: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 121
TABLE 98 ASIA PACIFIC: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 121
TABLE 99 ASIA PACIFIC: AEROGEL MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 122
TABLE 100 ASIA PACIFIC: AEROGEL MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 122
TABLE 101 ASIA PACIFIC: AEROGEL MARKET, BY COUNTRY, 2017–2022 (TON) 122
TABLE 102 ASIA PACIFIC: AEROGEL MARKET, BY COUNTRY, 2023–2029 (TON) 122
TABLE 103 CHINA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 123
TABLE 104 CHINA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 123
TABLE 105 CHINA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 124
TABLE 106 CHINA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 124
TABLE 107 EUROPE: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 126
TABLE 108 EUROPE: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 126
TABLE 109 EUROPE: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 127
TABLE 110 EUROPE: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 127
TABLE 111 EUROPE: AEROGEL MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 127
TABLE 112 EUROPE: AEROGEL MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 128
TABLE 113 EUROPE: AEROGEL MARKET, BY COUNTRY, 2017–2022 (TON) 128
TABLE 114 EUROPE: AEROGEL MARKET, BY COUNTRY, 2023–2029 (TON) 128
TABLE 115 GERMANY: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 129
TABLE 116 GERMANY: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 129
TABLE 117 GERMANY: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 130
TABLE 118 GERMANY: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 130
TABLE 119 FRANCE: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 130
TABLE 120 FRANCE: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 131
TABLE 121 FRANCE: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 131
TABLE 122 FRANCE: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 131
TABLE 123 UK: AEROGEL MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 132
TABLE 124 UK: AEROGEL MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 132
TABLE 125 UK: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 133
TABLE 126 UK: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 133
TABLE 127 MIDDLE EAST & AFRICA: AEROGEL MARKET, BY APPLICATION,
2017–2022 (USD THOUSAND) 134
TABLE 128 MIDDLE EAST & AFRICA: AEROGEL MARKET, BY APPLICATION,
2023–2029 (USD THOUSAND) 134
TABLE 129 MIDDLE EAST & AFRICA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 134
TABLE 130 MIDDLE EAST & AFRICA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 135
TABLE 131 SOUTH AMERICA: AEROGEL MARKET, BY APPLICATION,
2017–2022 (USD THOUSAND) 135
TABLE 132 SOUTH AMERICA: AEROGEL MARKET, BY APPLICATION,
2023–2029 (USD THOUSAND) 136
TABLE 133 SOUTH AMERICA: AEROGEL MARKET, BY APPLICATION, 2017–2022 (TON) 136
TABLE 134 SOUTH AMERICA: AEROGEL MARKET, BY APPLICATION, 2023–2029 (TON) 136
TABLE 135 OVERVIEW OF STRATEGIES ADOPTED BY KEY AEROGEL MANUFACTURERS 137
TABLE 136 AEROGEL MARKET: DEGREE OF COMPETITION 139
TABLE 137 AEROGEL MARKET: REGION FOOTPRINT 144
TABLE 138 AEROGEL MARKET: TYPE FOOTPRINT 145
TABLE 139 AEROGEL MARKET: FORM FOOTPRINT 146
TABLE 140 AEROGEL MARKET: APPLICATION FOOTPRINT 147
TABLE 141 AEROGEL MARKET: PROCESSING FOOTPRINT 149
TABLE 142 AEROGEL MARKET: PRODUCT LAUNCHED, JANUARY 2019–MAY 2024 154
TABLE 143 AEROGEL MARKET: DEALS, JANUARY 2019–MAY 2024 155
TABLE 144 AEROGEL MARKET: EXPANSIONS, JANUARY 2019–MAY 2024 158
TABLE 145 AEROGEL MARKET: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024 160
TABLE 146 ASPEN AEROGELS, INC.: COMPANY OVERVIEW 161
TABLE 147 ASPEN AEROGELS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
TABLE 148 ASPEN AEROGELS, INC.: DEALS, JANUARY 2019–MAY 2024 163
TABLE 149 ASPEN AEROGELS, INC.: EXPANSIONS, JANUARY 2019–MAY 2024 164
TABLE 150 ASPEN AEROGELS, INC.: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024 164
TABLE 151 CABOT CORPORATION: COMPANY OVERVIEW 166
TABLE 152 CABOT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
TABLE 153 CABOT CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–MAY 2024 168
TABLE 154 CABOT CORPORATION: DEALS, JANUARY 2019–MAY 2024 169
TABLE 155 CABOT CORPORATION: EXPANSIONS, JANUARY 2019–MAY 2024 169
TABLE 156 ARMACELL INTERNATIONAL S.A.: COMPANY OVERVIEW 171
TABLE 157 ARMACELL INTERNATIONAL S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
TABLE 158 ARMACELL INTERNATIONAL S.A.: PRODUCT LAUNCHES, JANUARY 2019–MAY 2024 173
TABLE 159 ARMACELL INTERNATIONAL S.A.: DEALS, JANUARY 2019–MAY 2024 173
TABLE 160 ARMACELL INTERNATIONAL S.A.: EXPANSIONS, JANUARY 2019–MAY 2024 173
TABLE 161 ZHEJIANG UGOO TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 175
TABLE 162 ZHEJIANG UGOO TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 175
TABLE 163 ZHEJIANG UGOO TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES,
JANUARY 2019–MAY 2024 176
TABLE 164 NANO TECH CO., LTD.: COMPANY OVERVIEW 177
TABLE 165 NANO TECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 166 GUANGDONG ALISON TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 179
TABLE 167 GUANGDONG ALISON TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 179
TABLE 168 BEERENBERG AS: COMPANY OVERVIEW 180
TABLE 169 BEERENBERG AS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 170 BEERENBERG AS: DEALS, JANUARY 2019–MAY 2024 182
TABLE 171 BEERENBERG AS: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024 182
TABLE 172 AEROGEL TECHNOLOGIES, LLC: COMPANY OVERVIEW 183
TABLE 173 AEROGEL TECHNOLOGIES, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183
TABLE 174 ENERSENS: COMPANY OVERVIEW 185
TABLE 175 ENERSENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 176 ENERSENS: EXPANSIONS, JANUARY 2019–MAY 2024 186
TABLE 177 IBIH ADVANCED MATERIAL CO., LTD.: COMPANY OVERVIEW 187
TABLE 178 IBIH ADVANCED MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 179 IBIH ADVANCED MATERIAL CO., LTD.: DEALS, JANUARY 2019–MAY 2024 189
TABLE 180 AEROGEL-IT GMBH: COMPANY OVERVIEW 190
TABLE 181 AEROGEL-IT GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 182 AEROGEL-IT GMBH: DEALS, JANUARY 2019–MAY 2024 191
TABLE 183 AEROGEL-IT GMBH: EXPANSIONS, JANUARY 2019–MAY 2024 192
TABLE 184 JIOS AEROGEL PTE LTD: COMPANY OVERVIEW 193
TABLE 185 JIOS AEROGEL PTE LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 186 JIOS AEROGEL PTE LTD: EXPANSIONS, JANUARY 2019–MAY 2024 194
TABLE 187 JIOS AEROGEL PTE LTD: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024 194
TABLE 188 BLUESHIFT MATERIALS INC.: COMPANY OVERVIEW 195
TABLE 189 BLUESHIFT MATERIALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 190 BLUESHIFT MATERIALS INC.: DEALS, JANUARY 2019–MAY 2024 195
TABLE 191 GUIZHOU AEROSPACE WUJIANG ELECTRO-MECHANICAL
EQUIPMENT CO., LTD: COMPANY OVERVIEW 196
TABLE 192 GUIZHOU AEROSPACE WUJIANG ELECTRO-MECHANICAL
EQUIPMENT CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
TABLE 193 SVENSKA AEROGEL HOLDING AB: COMPANY OVERVIEW 197
TABLE 194 SVENSKA AEROGEL HOLDING AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 195 SVENSKA AEROGEL HOLDING AB: DEALS, JANUARY 2019–MAY 2024 198
TABLE 196 SVENSKA AEROGEL HOLDING AB: EXPANSIONS, JANUARY 2019–MAY 2024 199
TABLE 197 CNCEC HUALU NEW MATERIALS CO., LTD.: COMPANY OVERVIEW 200
TABLE 198 TAASI CORPORATION: COMPANY OVERVIEW 201
TABLE 199 AEROBEL BV: COMPANY OVERVIEW 202
TABLE 200 HEBEI JINNA TECHNOLOGY CO., LTD: COMPANY OVERVIEW 203
TABLE 201 PANASONIC INDUSTRY CO., LTD.: COMPANY OVERVIEW 204
TABLE 202 ACTIVE AEROGELS: COMPANY OVERVIEW 205
TABLE 203 SHENZHEN AEROGEL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 206
TABLE 204 AEROGEL UK LTD: COMPANY OVERVIEW 207
TABLE 205 NAMATE NEW MATERIALS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 208
TABLE 206 THERMABLOK AEROGELS LTD: COMPANY OVERVIEW 209
TABLE 207 ZHONGKE RUNZI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 209
TABLE 208 UNINANO ADVANCED MATERIALS CO., LTD: COMPANY OVERVIEW 210
TABLE 209 NINGBO SURNANO AEROGEL CO., LTD: COMPANY OVERVIEW 211
TABLE 210 KEEY AEROGEL: COMPANY OVERVIEW 212
TABLE 211 SUNTHRU: COMPANY OVERVIEW 212
TABLE 212 DOW INC.: COMPANY OVERVIEW 213
TABLE 213 INSULATION PRODUCTS MARKET, BY REGION, 2019–2023 (USD MILLION) 215
TABLE 214 INSULATION PRODUCTS MARKET, BY REGION, 2024–2029 (USD MILLION) 215
TABLE 215 NORTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2019–2023 (USD MILLION) 216
TABLE 216 NORTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2024–2029 (USD MILLION) 216
TABLE 217 EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2019–2023 (USD MILLION) 216
TABLE 218 EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2024–2029 (USD MILLION) 217
TABLE 219 ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2019–2023 (USD MILLION) 217
TABLE 220 ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,
2024–2029 (USD MILLION) 217
TABLE 221 MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION) 218
TABLE 222 MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION) 218
TABLE 223 SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION) 219
TABLE 224 SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION) 219
LIST OF FIGURES
FIGURE 1 AEROGEL: MARKET SEGMENTATION 24
FIGURE 2 AEROGEL MARKET: RESEARCH DESIGN 27
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE OF COMPANIES 31
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM UP
(SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS 31
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM UP
(DEMAND SIDE): PRODUCTS SOLD 32
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 –TOP DOWN 32
FIGURE 7 AEROGEL MARKET: DATA TRIANGULATION 34
FIGURE 8 MARKET GROWTH PROJECTION FROM SUPPLY SIDE 35
FIGURE 9 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS
AND OPPORTUNITIES 36
FIGURE 10 SILICA SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 38
FIGURE 11 ENERGY INDUSTRIAL APPLICATION LED AEROGEL MARKET IN 2023 39
FIGURE 12 AS MANUFACTURED SEGMENT TO LEAD AEROGEL MARKET
DURING FORECAST PERIOD 39
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 40
FIGURE 14 AEROGEL MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD 41
FIGURE 15 US LED NORTH AMERICA’S AEROGEL MARKET IN 2023 41
FIGURE 16 NORTH AMERICA TO BE LARGEST MARKET FOR AEROGEL DURING
FORECAST PERIOD 42
FIGURE 17 ENERGY INDUSTRIAL ACCOUNTED FOR LARGER MARKET SHARE IN 2023 42
FIGURE 18 GERMANY TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 43
FIGURE 19 DRIVERS, RESTRAINTS, CHALLENGES, AND OPPORTUNITIES IN AEROGEL MARKET 44
FIGURE 20 AEROGEL MARKET: PORTER’S FIVE FORCES ANALYSIS 50
FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
THREE APPLICATIONS 54
FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55
FIGURE 23 AEROGEL MARKET: SUPPLY CHAIN ANALYSIS 56
FIGURE 24 AEROGEL MARKET: ECOSYSTEM ANALYSIS 57
FIGURE 25 AEROGEL MARKET: FUTURE REVENUE MIX 65
FIGURE 26 AEROGELS IMPORT, BY KEY COUNTRIES (2018–2022) 66
FIGURE 27 AEROGELS EXPORT, BY KEY COUNTRIES (2018–2022) 67
FIGURE 28 AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR TOP THREE APPLICATIONS 69
FIGURE 29 AVERAGE SELLING PRICE TREND OF AEROGEL, BY REGION (2022–2029) 70
FIGURE 30 PATENTS REGISTERED, 2013–2023 71
FIGURE 31 LIST OF MAJOR PATENTS FOR AEROGELS 72
FIGURE 32 LEGAL STATUS OF PATENTS FILED IN AEROGEL MARKET 75
FIGURE 33 MAXIMUM PATENTS FILED IN JURISDICTION OF US 76
FIGURE 34 PARTICLE SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 78
FIGURE 35 SILICA SEGMENT TO DOMINATE AEROGEL MARKET DURING FORECAST PERIOD 83
FIGURE 36 AS MANUFACTURED (VIRGIN AEROGEL) SEGMENT TO ACCOUNT FOR
LARGEST SHARE DURING FORECAST PERIOD 92
FIGURE 37 ENERGY INDUSTRIAL APPLICATION TO DOMINATE AEROGEL MARKET
DURING FORECAST PERIOD 96
FIGURE 38 NORTH AMERICA TO DOMINATE AEROGEL MARKET DURING FORECAST PERIOD 109
FIGURE 39 NORTH AMERICA AEROGEL MARKET: SNAPSHOT 111
FIGURE 40 ASIA PACIFIC AEROGEL MARKET: SNAPSHOT 120
FIGURE 41 EUROPE AEROGEL MARKET: SNAPSHOT 125
FIGURE 42 ASPEN AEROGELS, INC. LED AEROGEL MARKET IN 2023 139
FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES (2019−2023) 141
FIGURE 44 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 142
FIGURE 45 AEROGEL MARKET: COMPANY FOOTPRINT 143
FIGURE 46 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 151
FIGURE 47 COMPANY VALUATION AND FINANCIAL METRICS OF KEY PLAYERS 152
FIGURE 48 EV/EBITDA OF KEY PLAYERS 153
FIGURE 49 ASPEN AEROGELS, INC.: COMPANY SNAPSHOT 162
FIGURE 50 CABOT CORPORATION: COMPANY SNAPSHOT 167
FIGURE 51 ARMACELL INTERNATIONAL S.A.: COMPANY SNAPSHOT 172
FIGURE 52 BEERENBERG AS: COMPANY SNAPSHOT 181
FIGURE 53 SVENSKA AEROGEL HOLDING AB: COMPANY SNAPSHOT 197
