Global Europe Blanket Aerogel Market Size, Share, Growth Report 2030

The blanket aerogel market in Europe was estimated to be worth $12.2 billion in 2022 and is expected to grow to $25.2 billion by the end of 2030, with a CAGR of roughly 9.3% between 2023 and 2030.

The market study is an invaluable guide to the global marketplace's development factors, challenges, restraints, and opportunities. The Europe blanket aerogel industry study examines the geographical market as well as the competitive landscape. In addition, the paper investigates the investor and stakeholder arena to assist organizations in making data-driven decisions.

Europe Blanket Aerogel Market: Overview

Aerogels can be purchased in the form of panels, blankets, blocks, and powders. Furthermore, because they are easily handled, blankets are the most often utilized blanket types of aerogels. In addition, blankets are created by mixing silica aerogels with flexible fibers. In the case of piping insulations, blankets are useful for wrapping refinery pipes with appropriate sheets. Aerogel blankets are utilized in cryogenic applications because they retain their elasticity after being immersed in liquid nitrogen. Aside from that, aerogel blankets may be quickly rolled, making them suitable for applications needing strong barrier properties.

Europe Blanket Aerogel Market: Growth Factors

Product attributes like as water resistance and fireproofing are expected to improve market trends in Europe.

The focus on green efforts by several European countries will catalyze the growth of Europe's blanket aerogel industry in the next years. Furthermore, blanket aerogels are water-resistant and fire-resistant, exceeding many insulating materials. This, in turn, will fuel the expansion of the European blanket aerogel market. Because blanket aerogels are non-toxic and environmentally friendly, demand for the product is growing throughout Europe. Increased blanket aerogel penetration in the building and textile sectors is expected to improve blanket aerogel market trends in Europe. Furthermore, the product's widespread application in the aerospace industry will increase.

Furthermore, innovative solutions in the nanotechnology domain, as well as gelation processes, have led to enhanced productivity of products, thereby steering the growth of the Europe blanket aerogel market. Escalating concerns pertaining to vehicle ambiance will further push the blanket aerogel market expansion in Europe.

Blanket Aerogel Market in Europe: Segmentation

The blanket aerogel market in Europe is classified by type, end-use industry, layer, and region.

The blanket aerogel market in Europe is classified into three types: silica, carbon, and polymers. The silica segment, which dominated the type landscape in 2022 by providing a significant share, is expected to have the greatest CAGR of almost 15.2% over the forecast period. The segmental surge could be caused by the use of silica in the production of blanket aerogels to make them stretchy, robust, and water-repellent. Non-inflammable blankets, according to reports, are comprised of silica aerogels and serve to keep homes, businesses, and other infrastructures from catching fire due to fire outbreaks. Furthermore, there is a high need for blanket aerogels comprised of silica.

Based on the end-use industry, the Europe blanket aerogel industry is bifurcated into automotive, building construction, aerospace, oil gas, marine, chemicals pharmaceuticals, locomotive, electrical electronics, medical healthcare, and others segments. Furthermore, the building construction segment, which accounted for the major share of the blanket aerogel industry share in Europe, will retain its industry domination in Europe during the forecast timeline.

Europe Blanket Aerogel Market: Regional Insights

Blanket aerogel market in Germany to garner major revenue share of the European market over 2023- 2030

Germany, which accounted for the majority of the European blanket aerogel market in 2022, is expected to continue to contribute significantly to the regional market share in the coming years. Germany's market growth can be ascribed to the country's substantial presence of giant car manufacturers. Furthermore, the country's high demand for blanket aerogel in the automotive sector will support market expansion in Germany. The country's increased industrialization has expedited product penetration in many industries in Germany, enhancing regional market trends.

Europe Blanket Aerogel Market: Competitive Space

The Europe blanket aerogel market profiles key players such as:

ZhengZhou Joda Technology Co. Ltd.
Enersens Aerogel
Cabot Corporation
Active Aerogels
SVENSKA AEROGEL AB
Green Earth Aerogel Tehnologies
Acoustiblok UK Ltd.
Aspen Aerogels Inc.
Armacell International S.A.
Aerogel Technologies LLC
Airglass AB.
Europe blanket aerogel market is segmented as follows:

By Type

Silica
Polymers
Carbon
By End-Use Industry

Automotive
Building Construction
Aerospace
Oil Gas
Marine
Chemicals Pharmaceuticals
Locomotive
Electrical Electronics
Medical Healthcare
Others
By Layer

Mono-Layer
Multi-Layer
By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa