The global aerogel market size has grown from US$222 million in 2013 to US$701 million in 2019, with a compound annual growth rate of 21.14%. In the past two years, the aerogel industry in the Asia-Pacific region, especially in China, has risen rapidly. According to Allied Research, the global aerogel industry market size will far exceed US$2.2 billion in 2025.

      According to China Industry Information Network, the market size of silica aerogel materials in my country was 1.123 billion yuan in 2019, with a compound growth rate of 40.24% since 2014; the market size of silica aerogel products in my country was 1.556 billion yuan in 2019, with a compound growth rate of 53.43% since 2014. The growth rate of domestic aerogel products is significantly faster than that of the world. Aerogel products are mainly divided into aerogel materials and aerogel products. Among them, aerogel materials are less difficult to produce than products, so they occupy a larger share. In 2019, aerogel materials accounted for 58% of my country's aerogel materials, and aerogel products accounted for 42%, with a high degree of industry concentration. The domestic aerogel industry is mainly based on low-end and medium-end primary products. Most aerogel companies produce aerogel powder particles, and the production capacity of aerogel composite materials is limited. However, there are some independent innovation companies that have gradually developed their own brand composite materials, which are recognized both at home and abroad.
      Domestic independence has risen, technology has gradually matured, and production capacity has expanded rapidly. my country's aerogel market started late. In the early stage, it mainly purchased foreign aerogel products, which were expensive and had little market promotion. In recent years, with the maturity of domestic aerogel technology, increased production capacity, continuous expansion of scale, and reduced costs, the aerogel industry has entered a fast track thanks to the implementation of domestic energy-saving and emission reduction policies and the rapid expansion of economic scale. In 2018, the US Aspen Company launched a 337 investigation against China, which to a certain extent forced the domestic independent rise. When learning and drawing on foreign advanced preparation processes, it focused on independent innovation and avoided intellectual property competition. Overall, my country's aerogel industry is still in its early development stage. The future development trend of aerogel materials is still to reduce costs, improve the thermal insulation performance of materials, and upgrade and deepen the application of composite materials. As an emerging material, it is believed that China will provide more policy and R&D support.
      Domestic mainstream companies currently include Alison High-tech Co., Ltd., China Chemical Hualu Technology Co., Ltd., and Aibi Aihe New Materials Co., Ltd. Alison has pioneered the domestic complete and continuous large-scale industrial production technology of aerogel insulation materials, and has the ability to produce aerogel and aerogel composite insulation materials on a large scale. It has now developed into the first domestic and the second largest leading enterprise in the world that can produce aerogel materials on a large scale. The main products include aerogel particles, aerogel felt and aerogel boards. Hualu Technology is a wholly-owned subsidiary of China National Chemical Corporation. Its predecessor was the Sixth Design Institute of the Ministry of Chemical Industry. In July 2020, it signed an integrated project of nano-aerogel composite materials with a total investment of 4 billion yuan. It will be built in three phases. After completion, it will become China's leading and world-class aerogel new material industrial base integrating R&D, production, and upstream and downstream supply chains. AIPAIHE is one of the earliest companies in China to engage in the industrialization of aerogels. In early 2017, AIPAIHE successfully debugged and operated the world's largest single aerogel production line with independent intellectual property rights. After full production, AIPAIHE will have an aerogel material production capacity of 30,000M/year.
      Overall, my country's aerogel industry is gradually getting rid of the previous disadvantages of low-end product structure and unclear product cost advantages, and the scale expansion of the industry is accelerating. At present, the downstream of aerogel products is mainly concentrated in the fields of oil and gas and industrial pipeline insulation. Drawing on the development path of the aerogel industry in developed countries and regions such as Europe, the United States and Japan, the future market potential of aerogel in the fields of construction and transportation is huge.