Aerogel Market Segmentation and Competitive Analysis Report, 2030
The global aerogel market was valued at USD 1.04 billion in 2022 and is expected to grow at a robust CAGR of 16.3% throughout the forecast period. Aerogels are gaining attention due to their superior properties, including thermal resistance, lightweight, low density, fire resistance, and excellent thermal insulation. These characteristics have made aerogels ideal for various applications across industries. They are available in several forms, such as blankets, particles, panels, and monoliths, offering flexibility for different uses. Due to their versatility, aerogels can be molded into thin films or monoliths and employed in areas requiring thermal insulation, acoustic solutions, thin-film coatings, and vibration damping. They also replace structural foam in applications, especially in the automotive industry. As the automotive sector transitions from internal combustion engines (ICEs) to electric vehicles (EVs) and automated systems, aerogels play a pivotal role by...