Aspen Aerogels
- Company typePublic
- Founded2004
- HeadquartersNorthborough, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Aspen Aerogels firmographics
Firmographics- Name
- Aspen Aerogels
- Legal name
- Aspen Aerogels, Inc.
- Website
- https://aerogel.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Aspen Aerogels industry classification
Industry- Product category
- Advanced Industrial Insulation Materials
- NAICS
- Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)
- SIC
- Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- Aerogel & Vacuum Insulation Panels (VIPs) (IMADAGAG)
- akta.pro secondary industries
- Insulation & Air/Vapor Barrier Systems (Thermal, Acoustic, WRB/AVB) (IMAFAMAD), Aerospace Thermal Management, Insulation & Fire Protection Materials (IMABANAE)
Keywords
Where Aspen Aerogels is headquartered
LocationHeadquarters
- HQ city
- Northborough
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Aspen Aerogels business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Aerogel Insulation Product Sales: Revenue generated from the sale of aerogel-based insulation products including Pyrogel (high temperature), Cryogel Z (cryogenic), Spaceloft Subsea, and PyroThin (EV thermal barriers). Products are sold directly to industrial end-users, contractors, and automotive OEMs. Q1 2026 revenue of $37.9M, Q4 2025 revenue of $41.3M, FY2025 full year revenue of $271.1M.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B industrial products with project-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Aspen Aerogels product offering
Product offeringCore offering
Aspen Aerogels engineers, manufactures, and sells aerogel-based insulation blankets and barriers. Its portfolio includes Pyrogel (high-temperature industrial insulation), Cryogel Z (cryogenic/sub-ambient insulation), Spaceloft Subsea (subsea pipeline insulation), and PyroThin (ultra-thin thermal runaway barriers for EV battery packs). Products are sold to energy infrastructure operators, industrial end-users, contractors, and automotive OEMs.
Product overview
Aspen Aerogels is a technology company that engineers, manufactures, and commercializes aerogel-based insulation solutions. The company's product portfolio is organized around its proprietary Aerogel Technology Platform and consists of several product families: the Pyrogel brand (including Pyrogel XTE, Pyrogel HPS, and Pyrogel XTF) for high-temperature industrial insulation applications such as refining, petrochemical, and power generation; Cryogel Z for cryogenic and LNG applications; Spaceloft Subsea for underwater pipeline insulation; and PyroThin for electric vehicle battery thermal runaway protection. These products serve diverse industries including energy infrastructure, e-mobility, and battery energy storage systems.
Differentiator
Problem solved
Functional benefit
Brands
- PyroThin®: Extremely thin, lightweight thermal runaway barrier for electric vehicle battery packs helping OEMs meet performance and safety requirements.
- Cryogel®
- Spaceloft® Subsea
- Pyrogel®
Products and services
- Pyrogel XTE High-temperature aerogel insulation blanket with industry-leading defense against corrosion under insulation (CUI), leveraging patented technology for extremely low thermal conductivity. Used in refining, petrochemical, FPSO, and power plant applications.
- Pyrogel HPS High-temperature industrial insulation engineered for harsh environments such as delayed coking and high-energy piping, achieving extremely low thermal conductivity while being up to 75% thinner than competing insulation materials.
- Pyrogel XTF Combined passive fire protection and thermal insulation for high-temperature industrial applications, providing class-leading corrosion under fireproofing (CUF) defense along with hydrocarbon pool-fire and jet fire protection.
- Cryogel Z Flexible aerogel industrial insulation for cryogenic and sub-ambient applications, offering protection against cold splash, jet fire, and acoustic attenuation in an ultrathin, lightweight package with an integral vapor barrier. Specified in nearly 50 major LNG liquefaction and regasification projects.
- Spaceloft Subsea Flexible thermal aerogel insulation engineered for subsea pipelines, maintaining flow assurance in the harshest deep water environments with over 20 years of subsea project experience and an install base of more than 1,497 km.
- PyroThin Extremely thin, lightweight thermal runaway barrier for electric vehicle battery packs, helping OEMs meet performance and safety requirements at cell, module, and pack level while enabling maximum volumetric cell-to-pack ratio. Meets China GB38031 and UN ECE R100 safety standards.
Quantifiable outcome
- Subsea install base exceeding 1,497 km with over 20 years of experience
- +5 more outcomes
Companies that use Aspen Aerogels
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Aspen Aerogels technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Aspen Aerogels partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Volvo CarscoreVolvo Cars confirmed as the OEM for a specific EV award using Aspen's PyroThin thermal barrier products. The award is tied to 2027 vehicle launches with expansion potential exceeding $450M by 2028. Represents a core component of Aspen's European EV strategy.
Scale indicators11 records
Recent moves8 records
Expansion highlights5 records
Aspen Aerogels competitors and assessment
Company assessmentBroad incumbents
- Johns Manville (Berkshire Hathaway): Johns Manville produces fiberglass, mineral wool, and other insulation products for industrial, commercial, and residential construction. Comparable to Aspen's Pyrogel and Cryogel lines as an established industrial insulation supplier across refining, petrochemical, and HVAC applications.
- Knauf Insulation: Knauf Insulation is a global manufacturer of glass and rock mineral wool insulation serving industrial, commercial, and residential markets. A broad incumbent competing with Aspen for industrial and building-envelope insulation specification.
- Kingspan Group: Kingspan manufactures insulated panels, building envelope systems, and high-performance rigid insulation that compete with Aspen's industrial and building envelope offerings. Comparable as a major insulation/building products incumbent operating at scale.
- Owens Corning: Owens Corning produces glass fiber and mineral wool insulation for residential, commercial, and industrial buildings, with a thermal insulation portfolio overlapping the building-envelope applications for Aspen's insulation blankets. Comparable on industrial/commercial building specification work.
- 3M Company: 3M's industrial adhesives and thermal management materials portfolio overlaps with Aspen's role in OEM thermal management for electronics, batteries, and industrial equipment. Comparable as a broad specialty materials incumbent serving automotive and industrial OEMs.
- Armacell: Armacell is a global manufacturer of flexible elastomeric and PET foam insulation for HVAC, refrigeration, and industrial applications, comparable to Aspen's industrial insulation offering though it specializes in mechanical and HVAC insulation rather than aerogel. It competes on installed cost and represents an alternative to Cryogel Z and Pyrogel in many projects.
- Rockwool International: Rockwool is a leading manufacturer of stone wool insulation for building envelopes, industrial, and HVAC applications. While it does not produce aerogel, it competes with Aspen on a like-for-like basis for high-temperature and acoustic industrial insulation specification.
Direct peers
- Alkegen (Unifrax): Alkegen's Unifrax division manufactures high-temperature insulation blankets, passive fire protection, and specialty filtration media that compete directly with Pyrogel XTE/HPS/XTF for refining, petrochemical, and power-generation applications. It is one of Aspen's principal substitutes in industrial insulation.
- Cabot Corporation: Cabot produces ENOVA aerogel, the most direct competitive product to Aspen's Pyrogel and Cryogel lines for high-temperature and cryogenic industrial insulation. The two companies compete head-to-head for energy industrial and LNG project specifications globally.
Others
- BASF: BASF was an early investor in Aspen (BASF Venture Capital participated in 2010 and 2012 funding rounds) and continues to operate in advanced materials and specialty chemicals adjacent to aerogel synthesis. Comparable as a strategic/financial counterparty in aerogel materials rather than a direct aerogel blanket competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Aspen Aerogels social profiles
Digital presenceAspen Aerogels financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aspen Aerogels leadership team
Management profileNumber of profiles
Profiles15 records
Aspen Aerogels funding detail
Funding detailFunding overview
Funding rounds19 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aspen Aerogels M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aspen Aerogels
What does Aspen Aerogels do?
Aspen Aerogels engineers, manufactures, and sells aerogel-based insulation blankets and barriers. Its portfolio includes Pyrogel (high-temperature industrial insulation), Cryogel Z (cryogenic/sub-ambient insulation), Spaceloft Subsea (subsea pipeline insulation), and PyroThin (ultra-thin thermal runaway barriers for EV battery packs). Products are sold to energy infrastructure operators, industrial end-users, contractors, and automotive OEMs.
Is Aspen Aerogels a public or private company?
Aspen Aerogels is a public company. It is classified as public and is currently operating.
When was Aspen Aerogels founded?
Aspen Aerogels was founded in 2004. It employs 501 to 1,000 people.
Where is Aspen Aerogels based?
Aspen Aerogels is headquartered in Northborough, United States, in the North America region.
How does Aspen Aerogels make money?
One revenue line is on record: aerogel Insulation Product Sales.
Who are Aspen Aerogels's main competitors?
Broad incumbents on record are Johns Manville (Berkshire Hathaway), Knauf Insulation, Kingspan Group, Owens Corning, 3M Company, Armacell and Rockwool International. Direct peers are Alkegen (Unifrax) and Cabot Corporation. BASF is listed as an others.
Does Aspen Aerogels have an API?
No public API is recorded for Aspen Aerogels.
What industry is Aspen Aerogels in?
Aspen Aerogels's product category is Advanced Industrial Insulation Materials. Its primary akta.pro industry code is IMADAGAG, Aerogel & Vacuum Insulation Panels (VIPs), with a secondary code of IMAFAMAD, Insulation & Air/Vapor Barrier Systems (Thermal, Acoustic, WRB/AVB). Its NAICS code is 3252 and its SIC code is 4961.