Foam Glass Market

Foam Glass Market Size (2023-2028)

The Foam Glass Market size is assumed to grow from 1,826 kilotons in 2021 to 2,148 kilotons by 2028, at a compound annual growth rate (CAGR) of 8.5% during the forecast period till 2027.

The porous glass foam material is often considered foam glass. Water absorption and moisture absorption create non-thermal insulation, no corrosion, and no leakage, and the extended service life of the whole system is a physical characteristic, which is crucial in adopting crucial glass.

In the melting point (MP) of the glass, the blowing agent releases a gas, producing a foaming effect in the glass. It comprises a large portion of its volume after cooling the mixture that hardens into a rigid material with gas-filled closed-cell pores.

Drivers & Restraints in the Foam Glass Market:

Driving factors for the growth of the market globally are protection against fire and longer life and favorable environmental regulations. The most important factor that controls the heating rate is optimizing the foam glass product. The foam glass wall insulation material is one of the prominent variants that have the characteristics of environmental protection, safety, comfort, and economy. The foam glass is majorly employed for wall decorations, as it can absorb heat and noise pollution, hence known as green environmental protection material by industries.

The growth of the global foam glass market is credited to its lightweight, high quality, warm protection, and acoustic protection properties for interest foam glass. The development in business, just as to give extra mechanical solidarity is also a divider. It will be used for the protection of the internal and outside dividers for the outside atmosphere froth glass material that is recyclable and environmentally sheltered. The interest in green structures in the development business is touted to improve the global foam glass market soon.

FOAM GLASS MARKET REPORT COVERAGE:

Market Segmentation:

Foam Glass Market - By End-use:

• Construction Industry

• Chemical Industry

• Oil & Gas Industry

• Ship-Building Industry

• Others (Military Industry, Packaging Industry, Pharmaceutical Industry)

The foam glass plate is used for insulation. In commercial piping and oil & gas piping systems, chemical reaction equipment is used to preserve them from the outside temperature. Therefore, the growth of the chemical industry in China and the oil & gas industry in North America is predicted to be operating the foam glass plate market over the outlook period.

Foam Glass Market - By Compressive Strength:

• Low Compressive (up to 0.4 MPa)

• Medium Compressive (0.4-1.4 MPa)

• High Compressive (Above 1.4 MPa)

Lightweight, high strength, thermal insulation, and acoustic insulation properties are increasing the demand for foam glass, contributing to the worldwide demand. For instance, in the construction industry, it is used for the insulation of the inner and exterior walls of buildings from the outside climate and also to provide mechanical strength to the wall. Moreover, the foam glass material is also a recyclable and ecologically safe component.

Foam Glass Market - By Application:

• Cryogenic Systems
• Commercial & Industrial Piping
• Chemical Processing System
• Thermal (Heat Transfer) Fluid Systems

The global foam glass market size by chemical processing accounted for a prominent share that is touted to expand in a notable way in the coming years.

Foam Glass Market - By Type:

• Open Cell Foam Glass
• Closed Cell Foam Glass

Foam Glass Market - By Process:

• Physical
• Chemical

Foam Glass Market - By Region:

• North America

• Europe

• Asia Pacific 

• Latin America

• Middle east and Africa 

The Asia-Pacific region held the largest share in the global foam glass market. It is popular in the region because it has many advantages such as low cost, low carbon footprint and it is reusable, increasing its demand in developed economies of Asia-Pacific.

The largest demand in countries like China, India, and Japan is predicted to boost the global foam glass market in this region. Being an eco-friendly material, it is chosen by leading end-use industries and is likely to fuel the market growth in the locale.

China is the largest chemicals producer in the world accounting for more than 24% of the chemicals produced globally. The total revenue generated by China from sales of chemicals is projected to be more than USD 1340 billion in the future. The demand for foam glass because of the fire-insulating property has made it favorable to be used in the residential sector. The Indian government has declared an investment worth USD 31,650 billion for the construction of hundred cities, under the smart cities plan. Hundred of smart cities and five hundred cities are likely to invite further investments worth INR two trillion.

Recent Developments:

A Switzerland-based manufacturer of foam glass in June 2019 UUSIOAINES planned to acquire Hasopor AB. Manufacturing in Europe. The acquisition is supposed to make UUSIOAINES the leading foam glass manufacturer in Europe.

The top key players listed in the report are

1. Owens Corning

2. Zhejiang Dehe Insulation Technology Corporate, Limited

3. Zhejiang Zhenshen Insulation Technology Corporate

4. UUSIOAINES OY

5. Glapor

6. MISAPOR

7. Polydros S.A.

8. Refaglass

9. Earthstone International

10. Anhui Huichang New Material Corporate Limited