Article

Svenska Aerogel Holding AB is engaged in multiple defense sector projects for dual-use products, which have significant long-term commercial potential. The company supplies its aerogel material Quartzene® to enhance thermal insulation and performance properties in textiles and coatings.

In defense applications, Quartzene® aids in thermal insulation and camouflage for equipment, uniforms, and vehicles, reducing thermal signatures to lower detectability by thermal imaging systems. The company has several early-stage projects underway, with a total potential project value of approximately 700 MSEK, of which 30-40 MSEK pertains to dual-use applications. The global market for military vehicle coatings was valued at about SEK 8 billion in 2024 and is projected to exceed SEK 11 billion by 2031, while the market for thermally regulating military apparel is expected to grow from approximately SEK 11 billion in 2024 to around SEK 20 billion by 2033.