Aerogel for EV Market size was valued at USD 530 Million in 2024 and is projected to reach USD 1.2 Billion by 2033, exhibiting a CAGR of 9.8% from 2026 to 2033.
In 2022, the global aerogel market was valued at USD 1,756.237 million and is projected to grow at a compound annual growth rate (CAGR) of 16.80% over the forecast period. The Asia Pacific region, led by major economies such as China, Japan, India, and South Korea, is expected to dominate this growth. Notably, in 2023, China accounted for 60% of all new electric car registrations globally, with the share of electric cars rising to 35%, up from 29% in 2022. This aligns with Chinas national target of achieving a 20% sales share by 2025. In India, electric vehicle sales have been significantly increasing, driven by favorable government initiatives like the Production Linked Incentive (PLI) scheme and the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme. North America also emerged as a significant market for aerogels in 2022, with substantial demand from industries such as aerospace, building & construction, automotive, and oil & gas. In Europe, the aerogel market is experiencing growth supported by the European Unions energy efficiency policy, which mandates a 20% reduction in energy consumption in buildings across countries like Germany, the UK, Spain, and Italy. The increasing adoption of aerogels in electric vehicles for thermal insulation applications presents significant opportunities for market expansion across these regions.
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Aspen Aerogels
Cabot Corporation
Armacell
Nano High-Tech
Guangdong Alison Hi-Tech
Aerogel Technologies
Active Aerogels
Enersens
Benarx
Guizhou Aerospace
Shenzhen Aerogel Technology
Xiamen Nameite
IBIH
Jinna Tech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aerogel for EV Market
Battery insulation
Thermal management systems
Power electronics cooling
Interior insulation
Lightweight components
Structural parts
Heat insulation
Energy storage systems
Thermal insulation for EV batteries
Soundproofing and noise reduction
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aerogel for EV Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aerogel for EV Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aerogel for EV Market, By Type
6. Global Aerogel for EV Market, By Application
7. Global Aerogel for EV Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aerogel for EV Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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