The global aerographene/graphene aerogel market is expected to grow from $51.0 million in 2018 to $621.0 million in 2024 at a compound annual growth rate (CAGR) of 50.29%.

The aerographene/graphene aerogel market is the fastest-growing segment in the overall aerogel market. Aerogel is a kind of solid structure produced when the liquid in a gel-containing element is replaced with gas, which results in the formation of an extremely light solid material that has a very low density and high thermal conductivity.