Foam Glass Market Size, Trends & Forecast (2019 - 2025)
Foam glass market size was estimated at USD xx million in 2019 and is expected to reach USD xx million by 2025, at a CAGR of 5.5% during the forecast period 2019 - 2025.
Foam glass exhibits superior properties such as high tensile strength and lightweight. This is a porous material and is widely used in the construction of the buildings. This material can withstand harsh climatic conditions and also has a long life span. Under deep cooling and heat insulation, this material is very favorable in maintaining its features.
Increasing constructional activities across the world is certainly a primary factor for the growth of the market. Growing prevalence for the replacement of heavyweight materials with lightweight materials is accelerating the demand of the market. Rise in the investments on the effective materials to enhance the quality of the applications in end-user industries is bolstering the demand of the market.
However, the volatility of the raw materials is slightly degrading the demand of the market. Also, stringent rules and regulations by the government in concern towards environment safety are limiting the growth of the market.
People's interest in innovative infrastructure and newly designed building structures is solely to surge growth opportunities for the market. The increasing scale of the end-user industries such as pharmaceuticals is also leveling up the demand of the market.
This research report includes the following segmentation for the Global Foam Glass Market:
Foam Glass Market - By Type
Based on the type, The open-cell segment is witnessed to lead the highest shares of the market. Rise in the awareness in utilizing suitable materials for applications is greatly influencing the growth of the market.
Foam Glass Market - By Process
- Physical Process
- By Chemical Process
Foam Glass Market - By Application
- Building and Industrial Insulation
- Chemical Processing System
- Consumer Abrasive
On the basis of application, Building & industrial insulation sector is at the top position with the highest shares of the market. Increasing demand for the construction of soundproofing meeting halls and other systematic buildings is fueling the growth of the market.
Foam Glass Market - By End-User
- Building & Construction
Foam Glass Market – By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Geographically, the market is categorized into North America, Asia Pacific, Europe, Middle East, and Africa. North America is accounted to lead the highest shares of the market by owing to the adoption of the latest technological advancements which are in favor to gain profits and develop the economy. Europe is next to North America is dominating the highest shares with the rise in the constructional activities with support from the government through investments. Asia Pacific is accounted to have the highest growth rate in recent years and also hit the highest CAGR in the coming years. The rise in the investments on the end-users and also rising population are likely to outshine the demand of the market in this region. The Middle East and Africa are elevated to have huge growth opportunities in the near future.
This Report Contains the list of Dominated Companies in the Foam Glass Market:
- Owens Corning (US)
- Zhejiang Dehe Insulation Technology Co., Ltd. (China),
- Zhejiang Zhenshen Insulation Technology Corp. (China),
- UUSIOAINES OY (Finland),
- Glapor (Germany),
- MISAPOR (Switzerland),
- Polydros S.A.(Spain),
- Refaglass (Czech Republic),
- Earthstone international (US),
- Anhui Huichang New Material Co., Ltd. (China)
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