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Aerogel Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Aerogel Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Aerogel Market: By Type (Silica, Polymer, Carbon, Others), By Form (Blanket, Panel, Particle, Monolith), By Processing (As Manufactured (Virgin), Composites, Additives), By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, Automotive, Pharmaceuticals, Others) and Geography

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Report

Description

Aerogel Market will be valued at USD 456.7 million in 2021. It is expected to reach a value of USD 772.6 million by 2028, growing at a CAGR of 7.8% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market, which has been segmented by type, form, processing, and application. By type, the market has been segmented into Silica, Polymer, Carbon, and Others. The Polymer segment is likely the most significant and fastest-growing in terms of type.  By form, the market has been segmented into Blanket, Panel, Particle, and Monolith. The Blanket segment holds a significant revenue share in the market. By processing, the Aerogel market has been segmented into As Manufactured (Virgin), Composites, and Additives. The As Manufactured (Virgin) segment gains the maximum revenue share of the market. Based on the application, Aerogel is segmented into Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, Automotive, Pharmaceuticals, and Others. According to precision business insights, the Oil & Gas segment is predicted to register the fastest growth rate during the forecast period.

 

Key development:

In February 2022, Aspen Aerogels, Inc., a technology leader in aerogel-based sustainability and electrification solutions, announced that Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, has agreed to make a $150 million investment in Aspen through the purchase of convertible notes and common stock to support the Company’s aerogel thermal barrier growth opportunities.

In August 2022, Armacell, a leading global of elastic foam for apparatus insulation and a leading manufacturer of tailored foams, announced that it would acquire Austroflex Rohr-Isoliersysteme GmbH for an undisclosed amount.

Aerogel Market

MARKET SUMMARY
-
7.8%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.8%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Aerogel Market

  • The aerogel market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The aerogel market is segmented based on by type, form, processing, application and  geography.
Key Players
  • ASPEN AEROGELS
  • CABOT CORPORATION
  • AEROGEL TECHNOLOGIES
  • NANO TECH CO. LTD.
  • ARMACELL
Aerogel Market Dynamics

The development of the building and oil & gas sectors is fueling the aerogel market’s expansion. This is explained by the fact that aerogel coatings are employed as insulators in the oil and gas sector.

North-America Got Significant Share

Aerogel Market

The North American market is expected to witness the largest market share during the forecast period. APAC is expected to grow significantly over the forecast years owing to the increasing number of manufacturers and suppliers in China, and the production of aerogel is increasing Y-o-Y in China due to a greater number of small players in the Country.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Aerogel Market Segmentation

segmentation-block-image

By Type

    • Silica,
    • Polymer,
    • Carbon,
    • Others
segmentation-block-image

By Form

    • Blanket,
    • Panel,
    • Particle,
    • Monolith
segmentation-block-image

By Application

    • Oil & Gas,
    • Construction,
    • Transportation,
    • Performance Coating,
    • Day-Lighting & LVHS,
    • Automotive,
    • Pharmaceuticals,
    • Others
Location

GEOGRAPHY

Frequently Asked Questions

The aerogel market is projected to expand at a CAGR of 7.8% during the forecast period.

Aspen Aerogels (US), Cabot Corporation (US), Aerogel Technologies (US), Nanotech Co. Ltd. (China), Armacell (Germany), Guangdong Alison Hi-Tech (China), Active Aerogels (Portugal), Enersens (France), JIOS Aerogel (South Korea), and BASF (Germany).

North America is the fastest-growing region for aerogel market

Report

Table Of Content

1. Executive Summary
2. Global Aerogel Market Introduction
2.1. Global Aerogel Market – Taxonomy
2.2. Global Aerogel Market –Definitions
2.2.1. By Type
2.2.2. By Form
2.2.3. By Processing
3. Global Aerogel Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Aerogel Market Dynamic Factors – Impact Analysis
4. Global Aerogel Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aerogel Market, By Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Silica
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Polymer
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Carbon
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Aerogel Market Forecast, By Form, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn)
6.1. Blanket
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Panel
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Particle
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Monolith
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Aerogel Market Forecast, By Processing, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.1. As Manufactured (Virgin)
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Composites
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Additives
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Aerogel Market Forecast, By Application, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn)
8.1. Oil & Gas
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Construction
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Transportation
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Performance Coating
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Day-Lighting & LVHS
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Automotive
8.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Pharmaceuticals
8.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
8.8. Others
8.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.8.3. Market Opportunity Analysis
9. Global Aerogel Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, Application and Region, 2022 – 2028
10. North America AerogelMarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Silica
10.1.2. Polymer
10.1.3. Carbon
10.1.4. Others
10.2. Form Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Blanket
10.2.2. Panel
10.2.3. Particle
10.2.4. Monolith
10.3. Processing Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. As Manufactured (Virgin)
10.3.2. Composites
10.3.3. Additives
10.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Oil & Gas
10.4.2. Construction
10.4.3. Transportation
10.4.4. Performance Coating
10.4.5. Day-Lighting & LVHS
10.4.6. Automotive
10.4.7. Pharmaceuticals
10.4.8. Others
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, By Application, and Country, 2022 – 2028
10.7. North America Aerogel Market Dynamics – Trends
11. Europe Aerogel Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Silica
11.1.2. Polymer
11.1.3. Carbon
11.1.4. Others
11.2. Form Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Blanket
11.2.2. Panel
11.2.3. Particle
11.2.4. Monolith
11.3. Processing Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. As Manufactured (Virgin)
11.3.2. Composites
11.3.3. Additives
11.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Oil & Gas
11.4.2. Construction
11.4.3. Transportation
11.4.4. Performance Coating
11.4.5. Day-Lighting & LVHS
11.4.6. Automotive
11.4.7. Pharmaceuticals
11.4.8. Others
11.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, By Application, and Country,2022 – 2028
11.7. Europe Aerogel Market Dynamics – Trends
12. Asia-Pacific Aerogel Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Silica
12.1.2. Polymer
12.1.3. Carbon
12.1.4. Others
12.2. Form Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Blanket
12.2.2. Panel
12.2.3. Particle
12.2.4. Monolith
12.3. Processing Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. As Manufactured (Virgin)
12.3.2. Composites
12.3.3. Additives
12.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Oil & Gas
12.4.2. Construction
12.4.3. Transportation
12.4.4. Performance Coating
12.4.5. Day-Lighting & LVHS
12.4.6. Automotive
12.4.7. Pharmaceuticals
12.4.8. Others
12.5. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, By Application, and Country,2022 – 2028
12.7. Asia-Pacific Aerogel Market Dynamics – Trends
13. Latin America Aerogel Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Silica
13.1.2. Polymer
13.1.3. Carbon
13.1.4. Others
13.2. Form Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Blanket
13.2.2. Panel
13.2.3. Particle
13.2.4. Monolith
13.3. Processing Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. As Manufactured (Virgin)
13.3.2. Composites
13.3.3. Additives
13.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Oil & Gas
13.4.2. Construction
13.4.3. Transportation
13.4.4. Performance Coating
13.4.5. Day-Lighting & LVHS
13.4.6. Automotive
13.4.7. Pharmaceuticals
13.4.8. Others
13.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, By Application, and Country,2022 – 2028
13.7. Latin America Aerogel Market Dynamics – Trends
14. Middle East and Africa Aerogel Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
14.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
14.1.1. Silica
14.1.2. Polymer
14.1.3. Carbon
14.1.4. Others
14.2. Form Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Blanket
14.2.2. Panel
14.2.3. Particle
14.2.4. Monolith
14.3. Processing Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. As Manufactured (Virgin)
14.3.2. Composites
14.3.3. Additives
14.4. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Oil & Gas
14.4.2. Construction
14.4.3. Transportation
14.4.4. Performance Coating
14.4.5. Day-Lighting & LVHS
14.4.6. Automotive
14.4.7. Pharmaceuticals
14.4.8. Others
14.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Aerogel Market – Opportunity Analysis Index, By Type, By Form, By Processing, By Application, and Country,2022 – 2028
14.7. MEA Aerogel Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Form& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. ASPEN AEROGELS
15.2.2. CABOT CORPORATION
15.2.3. AEROGEL TECHNOLOGIES
15.2.4. NANO TECH CO. LTD.
15.2.5. ARMACELL
15.2.6. GUANGDONG ALISON HI-TECH
15.2.7. ACTIVE AEROGELS
15.2.8. ENERSENS
15.2.9. JIOS AEROGEL
15.2.10. BASF
15.2.11. AEROGEL UK
15.2.12. INTELLIGENT INSULATION
15.2.13. SURNANO AEROGEL
16. Research Methodology
17. Key Assumptions and Acronyms
Report

Company Profile

  • ASPEN AEROGELS
  • CABOT CORPORATION
  • AEROGEL TECHNOLOGIES
  • NANO TECH CO. LTD.
  • ARMACELL
  • GUANGDONG ALISON HI-TECH
  • ACTIVE AEROGELS
  • ENERSENS
  • JIOS AEROGEL
  • BASF
  • AEROGEL UK
  • INTELLIGENT INSULATION
  • SURNANO AEROGEL

Description

Aerogel Market will be valued at USD 456.7 million in 2021. It is expected to reach a value of USD 772.6 million by 2028, growing at a CAGR of 7.8% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market, which has been segmented by type, form, processing, and application. By type, the market has been segmented into Silica, Polymer, Carbon, and Others. The Polymer segment is likely the most significant and fastest-growing in terms of type.  By form, the market has been segmented into Blanket, Panel, Particle, and Monolith. The Blanket segment holds a significant revenue share in the market. By processing, the Aerogel market has been segmented into As Manufactured (Virgin), Composites, and Additives. The As Manufactured (Virgin) segment gains the maximum revenue share of the market. Based on the application, Aerogel is segmented into Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, Automotive, Pharmaceuticals, and Others. According to precision business insights, the Oil & Gas segment is predicted to register the fastest growth rate during the forecast period.

 

Key development:

In February 2022, Aspen Aerogels, Inc., a technology leader in aerogel-based sustainability and electrification solutions, announced that Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, has agreed to make a $150 million investment in Aspen through the purchase of convertible notes and common stock to support the Company’s aerogel thermal barrier growth opportunities.

In August 2022, Armacell, a leading global of elastic foam for apparatus insulation and a leading manufacturer of tailored foams, announced that it would acquire Austroflex Rohr-Isoliersysteme GmbH for an undisclosed amount.

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