Aerogel Blankets Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Silica, Polymer, and Carbon), By Processing (Virgin, Composites, and Additives), By End-User (Oil & Gas, Construction, Transportation, and Performance Coatings), and Region

Aerogel Blankets Market was valued at US$ 937.4 million in 2023 and is poised to grow at CGAR 6.4% from 2024 to 2030. Aerogel blankets incorporate aerogel particles into ultra-thin, flexible non-powers with high-quality insulating properties. Aerogel is a class of scientific porous ultralight material derived from a gel, in which liquid components are replaced with gel, the growth of the aerogel blankets Market is primarily driven by tremendous demand in building & and construction, oil & and gas industries and aircraft bodies as insulators, the continuous technology development in nanotechnology results high demand for aerogel blankets, also they are non-toxic and environmentally friendly.

Rapid expansion in the clothing market and the need for aerogel blankets for thermal resistance in the aerospace industry require high quality aerogel which offers numerous opportunities in the aerogel blanket market. The high cost of production of aerogel is the major restraint in the growth of the aerogel blanket market, the manufacturing of aerogel is complicated and requires extensive R&D which makes the process costly. According to NASA, Aerogel is a silicon-based solid with a porous, sponge-like structure in which 99.8 percent of the volume is space. By comparison, aerogel is 1,000 times less dense than glass, another silicon-based solid. Discovered in the 1930s by a Stanford University researcher, aerogel is the world's lightest solid.

Aerogel Blankets Market Key Developments:

• In March 2022, Svenska Aerogel AB launched the new product SeaQare™ is based on amorphous, porous silica (Quartzene®) which is hydrophilic and contains copper. SeaQare™ acts as a carrier of copper in antifouling paints, contributing to a controlled release of copper into the water. With the help of SeaQare™, copper can be used more efficiently than in traditional antifouling paints, and unnecessary copper toxicity in our oceans can be avoided.
• In February 2022, Thermablok Technologies came with Thermablok Aerogel A2 Insulation Blanket and Thermablok Aerogel ThermaSlim Internal Wall /Reveal / Return Insulation Board Systems (IWI). The material is breathable, ensuring a healthy, durable working building with a natural ability to repel liquid whilst allowing the passage and release of moisture vapor - a major factor in historical buildings.