The Global Aerogels Market was valued at USD 553.6 Million in 2022 and is projected to reach USD 963 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. This robust growth is powered by escalating demand for high-performance insulation materials across the oil & gas, construction, and aerospace industries, coupled with a global push towards energy efficiency and sustainability.

As industries worldwide seek lightweight, ultra-efficient solutions to meet stringent energy codes and reduce carbon footprints, aerogels are emerging as a critical enabling technology. In this blog, we profile the Top 10 Companies in the Aerogels Industry—a mix of established chemical giants, specialized material innovators, and sustainability-focused players shaping the future of advanced insulation.

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🔟 1. Aspen Aerogels, Inc.

Headquarters: Northborough, Massachusetts, USA
Key Offering: PyroThin® for EV Batteries, Spaceloft® Blankets, Cryogel® Z

Aspen Aerogels is a leading pure-play aerogel technology company, renowned for its high-performance, fiber-reinforced blanket products. The company serves critical industries requiring superior thermal management, including energy infrastructure, building materials, and electric vehicles. Its PyroThin® product line is specifically engineered for thermal runaway protection in lithium-ion battery packs.

Innovation and Market Focus:

• Strategic pivot towards the high-growth Electric Vehicle (EV) battery market

• Major capacity expansion with a new manufacturing plant in Georgia, USA

• Strong focus on ESG (Environmental, Social, and Governance) metrics and sustainable operations

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9️⃣ 2. Cabot Corporation

Headquarters: Boston, Massachusetts, USA
Key Offering: ENOVA® Aerogel, LUMI-SHIELD® Aerogel

Cabot Corporation, a global specialty chemicals and performance materials company, is a dominant force in the silica aerogel market. Its ENOVA® aerogel particles and blankets are widely used for demanding insulation applications, offering exceptional thermal performance in extreme environments from sub-zero cryogenics to high-temperature industrial processes.

Innovation and Market Focus:

• Leading production capacity for silica aerogel particles and blankets globally

• Continuous R&D to improve material properties and reduce manufacturing costs

• Strong global supply chain and customer support network

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Slentite® (Polyurethane Aerogel), Basotect® Melamine Foam

BASF, the world’s largest chemical producer, leverages its vast R&D capabilities to innovate in aerogel technology. Its Slentite® is a pioneering polyurethane-based aerogel panel designed for high-performance insulation in construction, offering ease of handling and superior moisture management compared to traditional materials.

Innovation and Market Focus:

• Development of non-silica, organic aerogels for diverse applications

• Integration of aerogel solutions into broader construction material portfolios

• Commitment to sustainability through energy-efficient building solutions

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7️⃣ 4. Aerogel Technologies, LLC

Headquarters: Boston, Massachusetts, USA
Key Offering: Airglas® Aerogel Materials, Custom Aerogel Solutions

Aerogel Technologies is a specialist manufacturer focused on producing high-quality, customizable aerogel monoliths, particles, and composites. The company serves niche, high-value markets such as aerospace, defense, and scientific instrumentation where precision and ultra-low density are paramount.

Innovation and Market Focus:

• Proprietary manufacturing process (Rapid Supercritical Extraction) for faster production

• Strong focus on R&D partnerships with academic institutions and government agencies

• Specialization in custom-formulated aerogels for specific technical requirements

Download FREE Sample Report: Aerogels Market – View in Detailed Research Report

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6️⃣ 5. Guangdong Alison Hi-Tech Co., Ltd.

Headquarters: Zhanjiang, Guangdong, China
Key Offering: Silica Aerogel Blankets, Aerogel Particles

As one of China’s largest aerogel producers, Guangdong Alison Hi-Tech plays a crucial role in supplying the Asia-Pacific market. The company manufactures a comprehensive range of silica aerogel products, catering to the growing demand from the regional construction and industrial insulation sectors.

Innovation and Market Focus:

• Significant production scale to serve cost-sensitive markets

• Strategic location to capitalize on Asia’s booming construction and infrastructure development

• Investment in scaling production to meet rising domestic and international demand

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5️⃣ 6. Active Aerogels

Headquarters: Coimbra, Portugal
Key Offering: Aerogel-based Insulation Coatings, Composite Materials

Active Aerogels is an innovative European company developing aerogel-enhanced products, including coatings and plasters for the building sector. Their approach integrates aerogel particles into functional matrices, creating solutions that combine insulation with other properties like fire resistance or water repellency.

Innovation and Market Focus:

• Focus on aerogel composites and hybrid materials for easier application

• Targeting the building retrofit market with solutions suitable for existing structures

• Participation in EU-funded research projects to advance aerogel applications

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4️⃣ 7. JIOS Aerogel

Headquarters: Seoul, South Korea
Key Offering: JIOS Aerogel Blankets, JIOS Air

JIOS Aerogel is a prominent South Korean manufacturer specializing in flexible silica aerogel blankets. The company has established a strong presence in the Asian market and is expanding globally, offering products for piping insulation, building envelopes, and apparel.

Innovation and Market Focus:

• Development of aerogels for apparel and outdoor gear, creating ultra-thin insulation

• Expansion of manufacturing capabilities to serve global customers

• Focus on enhancing the mechanical strength and durability of aerogel blankets

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3️⃣ 8. Green Earth Aerogel Technologies (GEAT)

Headquarters: Xiamen, Fujian, China
Key Offering: Silica Aerogel Powders, Monoliths, and Composites

Green Earth Aerogel Technologies is a key Chinese player focused on the research, development, and production of various forms of silica aerogel. The company supplies materials to industries ranging from industrial insulation to aerospace and serves a growing domestic market.

Innovation and Market Focus:

• Investment in R&D for cost-effective aerogel production methods

• Exploration of new application areas, including air filtration and catalyst supports

• Strategic partnerships to penetrate international markets

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2️⃣ 9. Svenska Aerogel AB

Headquarters: Gävle, Sweden
Key Offering: Quartzene® Aerogel Powder

Svenska Aerogel specializes in the production of Quartzene®, a unique silica-based aerogel powder manufactured using a proprietary, environmentally friendly process. The company targets applications in batteries, coatings, and composites, focusing on the functional properties of aerogels beyond just insulation.

Innovation and Market Focus:

• Proprietary, water-glass based production process with lower environmental impact

• Strategic focus on the battery materials market as a component for anodes and separators

• Collaborations with major industrial partners to develop new commercial applications

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1️⃣ 10. Nanuo

Headquarters: Yixing, Jiangsu, China
Key Offering: Aerogel Felts, Aerogel Boards, Aerogel Particles

Nanuo is a significant Chinese manufacturer of aerogel products, producing a wide array of felts, boards, and powders. The company benefits from the massive scale of China’s industrial and construction sectors, supplying insulation solutions for pipelines, building walls, and industrial equipment.

Innovation and Market Focus:

• Large-scale production to achieve competitive pricing

• Strong domestic market penetration in China’s rapidly growing infrastructure sector

• Continuous improvement of product performance for harsh operating conditions

Get Full Report Here: Aerogels Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aerogels Is Lighter, Smarter, and More Integrated

The aerogels market is at a pivotal juncture. While traditional oil & gas insulation remains a key revenue driver, the industry is rapidly diversifying into high-growth sectors like electric mobility, energy-efficient construction, and advanced electronics. The shift is characterized by innovation in material formulations and a stronger emphasis on sustainable production.

📈 Key Trends Shaping the Market:

• EV Battery Proliferation: Aerogels are becoming critical for thermal management and safety in lithium-ion batteries, creating a massive new market.

• Green Building Codes: Stricter global energy regulations are accelerating the adoption of high-performance aerogel insulation in new construction and retrofits.

• Cost Reduction Efforts: Manufacturers are heavily investing in R&D to lower production costs, making aerogels competitive with conventional insulation.

• Multifunctional Composites: Integration of aerogels into composites for added functionalities like fire resistance, acoustics, and structural strength.

Get Full Report Here: Aerogels Market – View in Detailed Research Report

The companies listed above are not just manufacturing a material; they are enabling a more energy-efficient and technologically advanced future. From safeguarding EV batteries to creating thinner building envelopes, aerogels are poised to play an indispensable role in the transition to a sustainable economy.