ASEAN Aerogel Market Insights – Trends, Demand & Growth 2025-2035

ASEAN Aerogel Market Outlook From 2025 to 2035

The ASEAN aerogel market is expected to witness significant growth, reaching a valuation of around USD 126 million by 2035, while recording a CAGR of 10.1% during the forecast period of 2025 to 2035.

Aerogels are a kind of material that is known for their lightweight, thermal insulation, and sustainable nature. They find their applications in construction, oil and gas, automotive, and energy storage industries in ASEAN countries such as Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.

Attribute	Details
Projected Size, 2035	USD 126 million
Value-based CAGR (2025 to 2035)	10.1%

In turn, increasing infrastructural investments across the region, higher targets for energy efficiency, as well as growing adoptions of advanced insulation materials in industrial applications, thereby drive the market. Further opportunities include growing electric vehicle sectors and renewable energy projects, where there are applications for aerogels.

Key Trends

Infrastructure Development and Retrofitting

The ASEAN region is rapidly urbanizing and developing its infrastructure. More and more aerogels are being considered for energy-efficient insulation in buildings, mainly in retrofitting old infrastructure. This is one of the key uses of aerogels, which governments are now focusing on for sustainable urban development.

Renewable Energy and Industrial Applications

The transition toward renewable energy, especially in solar and wind projects, has driven demand for aerogels in thermal insulation and energy storage systems. In industrial applications, it finds wide usage in the insulation of pipelines and high-temperature equipment in oil and gas industries to ensure efficiency and safety in operations.

Adoption in Electric Vehicles (EVs)

ASEAN's automotive market is slowly drifting towards electric mobility, for which it finds an indispensable partner in aerogels for EV battery insulation. The lightweight and thermally stable nature of aerogels improves the performance and safety of batteries, thus aligning with the regional drive for sustainable transportation.

Focus on Lightweight and Sustainable Materials

Aerogels are lightweight, highly insulating materials that have gained popularity as an alternative to conventional insulation materials due to their sustainability. By reducing energy consumption and, consequently, emissions, they help ASEAN achieve its wider sustainability goals.

Key Segment Analysis

By Type

• Silica Aerogels: With over 60% share, silica aerogels lead the market in 2025. These are widely used for thermal insulation in construction and industrial applications.
• Polymer Aerogels: Finding their use in automotive/ EV applications due to their flexibility and durability.
• Carbon Aerogels: An emerging material of choice for energy storage and advanced thermal management systems.

By Application

• Construction: Aerogel represents 40% of the market, being essential in the energy-efficient insulation, retrofitting, and fireproofing of buildings in urban areas.
• Oil and Gas: Accounting for 30% of the market share, aerogels find a wide application in pipeline and equipment insulation in high-temperature and subsea conditions.
• Automotive and Aerospace: These contribute 20% toward the market share, with lightweight and thermally stable aerogel applications in EVs and aerospace components.
• Energy Storage: The growing segment, as aerogels enhance thermal management in batteries and renewable energy systems.

By Form

• Blankets: Most common form, finding wide applications in industrial insulation and building applications.

Industry-Wise Growth and Trends

Segment	Construction
CAGR (2025 to 2035)	10.5%
Key Trends	Growing demand for energy-efficient building materials.

Segment	Oil and Gas
CAGR (2025 to 2035)	10.3%
Key Trends	Increasing use of aerogel insulation for pipelines and equipment.

Segment	Automotive & Aerospace
CAGR (2025 to 2035)	11.2%
Key Trends	Expansion of EV and lightweight thermal insulation solutions.

Segment	Energy Storage
CAGR (2025 to 2035)	12.0%
Key Trends	Rising investments in renewable energy and advanced batteries.

Market Concentration

The ASEAN aerogel market is fragmented, with contributions from global leaders, regional manufacturers, and emerging innovators.

Leading Players

The key manufacturers dominate about 50% of the share, including Aspen Aerogels, Cabot Corporation, and Aerogel Technologies. Major companies are continuing to expand into ASEAN countries through partnerships or local distribution systems.

Regional Manufacturers

The regional players in ASEAN countries manufacture low-cost aerogel solutions for local markets, especially for construction and oil and gas industries. These manufacturers account for approximately 30% of the market.

Emerging Innovators

Other start-ups and pure-play companies also target bio-based aerogels and hybrid composite applications for energy storage and electric vehicles. All these players combined account for close to 20% of the market share.

Industry Updates

Date	Key Development
February 2025	Aspen Aerogels partnered with a construction company in Thailand to supply aerogel insulation for green buildings.
June 2025	Cabot Corporation expanded its aerogel product line for industrial insulation in Southeast Asia.
August 2025	A regional startup introduced a bio-based aerogel for energy storage and lightweight insulation.

Future Outlook

The ASEAN aerogel market is expected to grow strongly, driven by infrastructure investments, sustainability initiatives, and advancements in aerogel technology. Key factors shaping the market include:

• Urban and retrofitting development: Aerogels will hold the key as the insulation material towards making urban buildings and retrofitting old buildings, more energy friendly.
• Renewable Energy and EV Growth: As the region shifts toward renewable energy and electric mobility, the adoption of aerogels in energy storage and EV battery insulation will increase.
• Technological Innovations: Bio-based aerogels will become cheaper and more available due to new manufacturing processes and developments.
• Industrial and Oil & Gas Applications: The requirement for advanced insulation materials in high-temperature and extreme environments will be the growth drivers in the oil and gas and industrial sectors.

Table of Content

1. Introduction
2. Market Outlook
3. Key Trends
4. Segment Analysis
5. Industry-Wise Growth and Trends
6. Market Concentration
7. Industry Updates
8. Future Outlook
9. Frequently Asked Questions (FAQs)