Aerogel market is likely to witness an impressive CAGR of 12.2% during the forecast period. The market for aerogels is driven by their high performance and properties including superior thermal resistance and lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material which after consecutive usage for a chain of applications can be disposed of safely after completion of its life cycle.

Some of the major players in the aerogel market are Aspen Aerogels, Aerogel Technologies, LLC, Aerogel Insulation India, Aerogel Uk Ltd., BASF SE, Cabot Corporation, DOW Corning, Enersens SAS, Guangdong Alison Hi-Tech, and Jios Aerogel.