Aerogel Manufacturing Scaling to Meet EV Demand, Reports IDTechEx

Thanks to the above properties, and despite some of the typical drawbacks for aerogels (primarily handling and costs), they are seeing increased adoption in the EV market. In fact, IDTechEx predicts that EV batteries will be the dominant application of aerogels by as early as 2025. Thanks to the above properties, and despite some of the typical drawbacks for aerogels (primarily handling and costs), they are seeing increased adoption in the EV market. In fact, IDTechEx predicts that EV batteries...

Thanks to the above properties, and despite some of the typical drawbacks for aerogels (primarily handling and costs), they are seeing increased adoption in the EV market. In fact, IDTechEx predicts that EV batteries will be the dominant application of aerogels by as early as 2025.

In order to meet these demands, manufacturers of aerogels are increasing their manufacturing capacity. Market leader Aspen Aerogels has contracts in place to supply GM and Toyota EV models and has committed to a US$325 million investment for its "Plant II" in Georgia, US, which will also provide 250 new jobs.

IBIH are a key player in China for aerogels in EV batteries providing large Chinese EV OEMs and battery makers. It has a second line expected to be completed by the end of 2023 that will triple its manufacturing capacity ready for further progression in the EV market.

JIOS Aerogel is another player that has big plans. In November 2023, JIOS opened a new manufacturing plant in Singapore to produce its "Thermal Blade" product for EV battery applications.

There are many more players in the aerogel market with expansions planned. IDTechEx has analyzed over 70 players, with over 30 of these being founded in the last 10 years and, hence, still in the expansion phase.

With the rapidly growing EV market and increased focus and regulation relating to EV thermal runaway and fire safety, the aerogel market has a large opportunity for continued expansion and growth. However, it will face stiff competition from competing materials such as encapsulating foams, ceramic-type materials, intumescent coatings and components, and many more.

IDTechEx has been studying the aerogel industry for many years, with technical experts conducting an extensive number of primary interviews and detailed assessments of this industry. IDTechEx's report, "Aerogels 2024-2034: Technologies, Markets and Players", benchmarks aerogels against other fire protection materials for EV battery packs, along with the players, their revenue, capacity, and market progress. The report also considers other applications such as oil & gas, LNG pipelines, electronics, and more.

To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/aerogels. For the full portfolio of research available from IDTechEx please visit www.IDTechEx.com/Research.

IDTechEx offers further expert-led data, analysis and insights through bespoke subscription services - find out more at www.IDTechEx.com/Subscriptions.

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