The Global Aerogel Material Market was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period (2024–2030). This accelerated growth is being driven by escalating demand for high-performance insulation across the oil & gas, construction, and electric vehicle (EV) battery sectors, coupled with advancements in manufacturing that are making aerogels more commercially viable.

As industries worldwide intensify their focus on energy efficiency and thermal management, aerogels are emerging as a critical material solution. In this blog, we profile the Top 10 Companies in the Aerogel Material Industry—a dynamic mix of established chemical giants, specialized manufacturers, and innovative startups 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 the global market leader in aerogel technology, renowned for its patented manufacturing processes and robust product portfolio. The company primarily serves the energy infrastructure and EV battery markets, where its thin, lightweight, and highly efficient insulation solutions are critical for safety and performance.

Innovation and Growth Initiatives:

• Massive capacity expansion with a new plant in Georgia, USA, set to significantly increase production output.

• Strategic partnerships with major automotive OEMs for PyroThin® battery thermal barriers.

• Continuous R&D focused on reducing production costs and enhancing material properties.

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9️⃣ 2. Cabot Corporation

Headquarters: Boston, Massachusetts, USA
Key Offering: ENOVA® Aerogel, LUMIRA® Aerogel particles

Cabot Corporation, a global specialty chemicals and performance materials company, is a major force in aerogel production. Its ENOVA® aerogel products, available in blanket and particle forms, are widely used in building & construction, industrial, and apparel applications for superior thermal performance.

Innovation and Growth Initiatives:

• Focus on high-volume applications like architectural panels and coatings.

• Proprietary technology for producing hydrophobic silica aerogels.

• Expanding global distribution networks to serve emerging markets.

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8️⃣ 3. Aerogel Technologies, LLC

Headquarters: Boston, Massachusetts, USA
Key Offering: Airgel® flexible blankets, monolithic aerogels, custom formulations

Aerogel Technologies is recognized for its focus on high-performance, flexible aerogel blankets and its ability to produce large-scale monolithic aerogels. The company caters to demanding applications in aerospace, defense, and specialty industrial sectors where precision and reliability are paramount.

Innovation and Growth Initiatives:

• Proprietary process for creating large, crack-free monolithic aerogels.

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

• Development of aerogel composites for next-generation aerospace insulation.

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7️⃣ 4. Active Aerogels

Headquarters: Coimbra, Portugal
Key Offering: AeroSkin®, AeroClay®

Active Aerogels is a prominent European manufacturer specializing in cost-effective and environmentally friendly aerogel solutions. Its products are designed for the construction, apparel, and aerospace industries, emphasizing sustainability through its patented ambient pressure drying process.

Innovation and Growth Initiatives:

• Proprietary ambient pressure drying technology that lowers production costs and energy consumption.

• Development of aerogel-based coatings and plasters for passive house construction.

• Expansion into textile applications for thermally enhanced clothing.

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6️⃣ 5. Enersens

Headquarters: Sassenage, France
Key Offering: JABLITE® aerogel granules, flexible aerogel mats

Enersens, through its JABLITE® brand, is a key European supplier of aerogel granules and mats. The company’s products are extensively used in historical building retrofits and new construction, providing high insulation values without significant loss of interior space.

Innovation and Growth Initiatives:

• Leading role in European-funded projects for energy-efficient building retrofits.

• Development of aerogel-based renders and mortars for easy application.

• Focus on creating solutions tailored for the stringent building codes of the European Union.

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5️⃣ 6. Jios Aerogel Corporation

Headquarters: Seoul, South Korea
Key Offering: Jios Aerogel® blankets, panels, and powders

Jios Aerogel Corporation is a leading Asian manufacturer with a strong presence in the regional market. The company supplies aerogel insulation for industrial pipes, LNG applications, and building materials, leveraging its production scale to compete effectively on cost and delivery.

Innovation and Growth Initiatives:

• Expansion of production capacity to meet growing demand across Asia-Pacific.

• Strategic focus on the LNG and cryogenic insulation markets.

• Development of fire-resistant aerogel composites for building safety.

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4️⃣ 7. Aerogel UK

Headquarters: Bridgend, United Kingdom
Key Offering: MAST® (Modular Aerogel Super Insulation Technology)

Aerogel UK specializes in modular aerogel insulation systems designed for high-temperature industrial applications, particularly in the oil, gas, and petrochemical industries. Its MAST® products offer exceptional thermal performance in challenging environments.

Innovation and Growth Initiatives:

• Patented modular systems for easy installation and maintenance on complex pipework.

• Focus on reducing energy loss and carbon emissions in industrial processes.

• Collaborations with major energy companies to develop custom insulation solutions.

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3️⃣ 8. Guangdong Alison Hi-Tech Co., Ltd.

Headquarters: Zhanjiang, Guangdong, China
Key Offering: Alison Aerogel felt, blankets, and boards

Alison Hi-Tech is one of China’s largest and most vertically integrated aerogel producers. The company manufactures aerogel from raw material processing to finished products, serving a broad base of domestic customers in construction, industrial, and transportation sectors.

Innovation and Growth Initiatives:

• Significant investment in large-scale, automated production lines.

• Cost leadership strategy aimed at making aerogel more accessible for mass-market construction.

• Expansion of product portfolio to include aerogel-plaster composites for interior walls.

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2️⃣ 9. Nanjing Jinyiwei New Material Technology Co., Ltd. (Jinna Tech)

Headquarters: Nanjing, Jiangsu, China
Key Offering: Silica aerogel powder, felts, and composites

Jinna Tech is a rapidly growing Chinese manufacturer focused on silica aerogel powders and custom-formulated composites. The company supplies materials to downstream manufacturers who produce end-use products like insulating coatings, sheets, and specialty textiles.

Innovation and Growth Initiatives:

• Strong R&D focus on improving the mechanical strength of aerogel powders.

• Development of aerogel composites for use in high-temperature filtration.

• Expansion of export markets beyond China.

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1️⃣ 10. IBIH Co., Ltd.

Headquarters: Incheon, South Korea
Key Offering: IBIH Aerogel insulation mats and granules

IBIH is a specialized Korean company that produces aerogel insulation products for the construction and industrial sectors. The company is known for its high-quality standards and has established a strong reputation within the competitive Asian market.

Innovation and Growth Initiatives:

• Focus on developing aerogel solutions for zero-energy buildings.

• Investment in production technology to enhance product consistency and performance.

• Strategic partnerships with construction material distributors across Southeast Asia.

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Aerogel Material Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aerogel Materials is Brighter and Broader

The aerogel material market is undergoing a profound transformation. Once considered a niche, laboratory-scale material, aerogel is now becoming a mainstream solution for critical thermal management challenges. The industry is investing heavily in cost reduction, scalability, and application-specific formulations to unlock new market opportunities.

📈 Key Trends Shaping the Market:

• Electrification of Transportation: Surging demand for aerogel-based thermal barriers in EV batteries to prevent thermal runaway.

• Green Building Codes: Stricter global energy efficiency regulations are driving adoption in construction for retrofits and new builds.

• Manufacturing Breakthroughs: Advancements in ambient pressure drying are lowering production costs and environmental impact.

• New Composite Materials: Integration of aerogels into boards, plasters, textiles, and coatings to create multifunctional materials.

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Aerogel Material Market – View in Detailed Research Report

The companies listed above are not only supplying a superior insulating material—they are enabling a more energy-efficient and technologically advanced future across multiple industries.