Aerogel Market Set for Significant Expansion by 2034
The aerogel market is entering a new phase of robust growth, driven by increasing demand for energy-efficient materials, rising sustainability initiatives, and advancements in manufacturing technologies. As industries across construction, aerospace, and oil & gas seek ultra-lightweight, high-performance insulation materials , aerogels are emerging as a disruptive solution poised to redefine thermal and acoustic insulation standards. Global Aerogel Market size and share is currently valued at USD 1,228.15 million in 2024 and is anticipated to generate an estimated revenue of USD 4,886.36 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 14.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 Market Overview Aerogels are synthetic porous ultralight materials derived from a gel, in which the liquid component is replaced with a gas, resulting i...