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Aspen Aerogels, Inc.
As of May 30, 2026 at 24:05 UTC
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About Aspen Aerogels, Inc.
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
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Latest News
5 articlesThe global pipe insulation market is projected to grow from USD 6.45 billion in 2026 to USD 8.58 billion by 2031 at a CAGR of 5.90%, driven by stricter energy-efficiency standards, decarbonization goals, LNG infrastructure expansion, and district heating system adoption. Asia-Pacific leads growth with policy-driven initiatives, while North America benefits from LNG projects and updated building regulations.
Johnson Fistel, PLLC is investigating potential securities fraud claims on behalf of investors in Aspen Aerogels, Driven Brands Holdings, and Oddity Tech Ltd. The investigation into Aspen was triggered by the company's disclosure of a $291.2 million impairment charge related to its Statesboro manufacturing facility on February 25, 2026, which caused significant share price decline.
Aspen Aerogels secures a DOE loan commitment to build a second aerogel plant in Georgia, expected to generate $1.2B-$1.6B in revenue and create 550 construction and 255 permanent jobs.