The Global Aerogel Material Market was valued at USD 1.03 Billion in 2024 and is projected to reach USD 2.37 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period (2024–2030). This robust growth is primarily driven by escalating demand for high-performance insulation in the oil & gas industry, stringent energy efficiency regulations in construction, and the accelerating adoption of lightweight materials in the aerospace and automotive sectors.

As industries worldwide intensify their focus on sustainability and operational efficiency, aerogel materials are emerging as a critical solution due to their exceptional thermal properties and minimal environmental footprint. In this blog, we profile the Top 10 Companies in the Aerogel Material Industry—a dynamic mix of established material science giants and innovative specialists who are shaping the future of advanced insulation.

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🔟 1. Aspen Aerogels, Inc.

Headquarters: Northborough, Massachusetts, USA
Key Offering: PyroThin® for EVs, Spaceloft® for Building Insulation, Cryogel® for Industrial Applications

Aspen Aerogels is a leading industrial technology company that designs, develops, and manufactures aerogel insulation used primarily in the energy infrastructure and sustainable insulation markets. Their products are renowned for their superior thermal performance, thin profile, and durability, making them ideal for demanding environments.

Innovation Initiatives:

• Major expansion of manufacturing capacity to meet EV battery insulation demand

• Strategic partnerships with global automotive and energy companies

• Focus on developing aerogel solutions for decarbonization technologies

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9️⃣ 2. Cabot Corporation

Headquarters: Boston, Massachusetts, USA
Key Offering: LUMAT® Aerogel Particles, ENOVA® Aerogel Blankets

Cabot Corporation is a global specialty chemicals and performance materials company. Its aerogel business leverages its expertise in fumed silica to produce high-performance aerogel products that provide thermal management solutions for a wide range of applications, from coatings and composites to board-level insulation.

Innovation Initiatives:

• Development of aerogel-enhanced construction materials

• Expansion of aerogel particle applications in specialty chemicals

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8️⃣ 3. Aerogel Technologies, LLC

Headquarters: Boston, Massachusetts, USA
Key Offering: Airgel® Blankets, Monoliths, Particles, and Custom Shapes

Aerogel Technologies is a specialist manufacturer of high-quality aerogels for the most demanding technical and industrial applications. The company is known for its proprietary manufacturing processes that enable the production of large-format aerogel monoliths and custom-formulated products.

Innovation Initiatives:

• Focus on high-purity aerogels for aerospace and defense

• Custom engineering services for unique application requirements

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: SLENTITE® Gas-filled Aerogel, Styrodur® with aerogel enhancements

BASF, one of the world’s largest chemical producers, has invested significantly in aerogel technology through its SLENTITE® product, a polymeric aerogel insulation panel. BASF integrates aerogel properties into its broader portfolio of construction and high-performance materials.

Innovation Initiatives:

• Scaling up production of nanoporous polymeric aerogels

• Application development for sustainable building envelopes

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6️⃣ 5. Active Aerogels

Headquarters: Coimbra, Portugal
Key Offering: AEROGAIN® Flexible Aerogel Blankets

Active Aerogels is a European technology company focused on the development and production of flexible, fiber-reinforced aerogel blankets. Their AEROGAIN® products are designed for thermal insulation in industrial pipelines, buildings, and apparel, offering a unique combination of flexibility and performance.

Innovation Initiatives:

• Development of aerogels for personal protective equipment (PPE)

• Expansion into the HVAC and appliance insulation markets

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5️⃣ 6. Enersens

Headquarters: Saint-Cyr-au-Mont-d’Or, France
Key Offering: JABLITE® Aerogel-enhanced Insulation Panels

Enersens SAS focuses on the development of innovative thermal insulation solutions based on aerogel technology. The company’s strategy involves combining aerogels with other materials to create high-performance composite insulation products suitable for the construction sector.

Innovation Initiatives:

• Collaborations with construction material distributors across Europe

• R&D into cost-effective aerogel composites for retrofitting

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4️⃣ 7. JIOS Aerogel Corporation

Headquarters: Seongnam-si, South Korea
Key Offering: JIOS Aerogel Sheets and Custom Forms

JIOS Aerogel is a leading Asian manufacturer of silica aerogel products. The company produces flexible aerogel blankets and rigid boards that are used extensively in industrial insulation, particularly in the LNG and petrochemical industries throughout the Asia-Pacific region.

Innovation Initiatives:

• Expansion of production capabilities to serve growing Asian demand

• Development of fire-retardant aerogel formulations

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3️⃣ 8. Armacell International S.A.

Headquarters: Luxembourg, Luxembourg
Key Offering: ArmaGel™ HT Aerogel Blankets

Armacell is a global leader in flexible foam insulation materials. The company has integrated aerogel technology into its portfolio with ArmaGel™ HT, a high-temperature aerogel blanket designed for industrial applications where space is limited and maximum thermal efficiency is required.

Innovation Initiatives:

• Leveraging its global distribution network for aerogel product roll-out

• Application engineering for complex industrial piping systems

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2️⃣ 9. Guangdong Alison Hi-Tech Co., Ltd.

Headquarters: Zhanjiang, Guangdong, China
Key Offering: Silica Aerogel Felt, Powder, and Monoliths

Alison Hi-Tech is a prominent Chinese manufacturer of silica aerogel products. The company has established a significant production base and supplies aerogel materials to various downstream industries, including building materials, industrial equipment, and new energy vehicles.

Innovation Initiatives:

• Large-scale production to reduce costs and improve accessibility

• Strong focus on the domestic Chinese market and export to Southeast Asia

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1️⃣ 10. Nanuo

Headquarters: Xiamen, Fujian, China
Key Offering: Aerogel Felt, Aerogel Powder, Aerogel Coating

Nanuo is a key player in the Chinese aerogel market, specializing in the research, production, and sales of nano-porous silica aerogel and its composite products. The company serves a broad range of thermal insulation applications and is actively expanding its global footprint.

Innovation Initiatives:

• Continuous R&D to enhance the mechanical strength of aerogel felts

• Development of aerogel-based coatings for added functionality

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🌍 Outlook: The Future of Aerogel Material Is High-Performance and Sustainable

The aerogel material market is undergoing a significant transformation. While traditional silica aerogels continue to dominate, the industry is increasingly focused on developing polymeric and hybrid aerogels, enhancing manufacturing scalability, and reducing production costs to penetrate mainstream markets.

📈 Key Trends Shaping the Market:

• Rising demand for aerogel-based battery insulation in the Electric Vehicle (EV) sector

• Stricter building energy codes driving adoption in construction for retrofitting and new builds

• Increasing use in aerospace for lightweight cryogenic insulation

• Advancements in manufacturing processes leading to cost reduction and new product forms

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Aerogel Material Market – View in Detailed Research Report

The companies listed above are not only supplying advanced materials—they are enabling a new era of energy efficiency and technological innovation across the globe.