Foam Glass Market Size, Share & Industry Analysis, By Type (Insulating foam glass, Sound-absorbing decorative foam glass, Facing foam glass, Granular foam glass), By Manufacturing Method (Chemical, Physical), By Application (Chemical, Building & Construction, Underground projects, Others (military, air separators etc.))Others and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Foam glass is a porous glass foam, widely used as a construction material. Foam glass is made by heating powdered glass along with blowing agents such as limestone and carbon. Glass used for the manufacturing of foam glass are post-consumer recycled glass, flat glass, commercial glass and also the end of life glass from vehicles. Foam glass has properties such as waterproofing, vapour-tightness, incombustible, pest-proof, compression-proof, dimensional stability, acid-resistant and others.
Key market driver for foam glass is increasing expansions in the building & construction segment due to the highest form of insulation provided by the foam glass as compared to other insulation materials. Besides, the increase in building and construction activities in developing regions such as Asia Pacific and Middle East & Africa are expected to support the growth of the foam glass market.
Key Market Driver -
Increase in demand from the building & construction segment.
Key Market Restraint -
High cost associated with foam glass.
Key market restraint is high production cost associated with the manufacturing of foam glass as compared to other insulation material. Foam glass is two times more expensive than the other materials, and thus is a less preferred material for the insulation purposes.
Market Segmentation:
Based on type, the foam glass market is segmented into insulating foam glass, sound-absorbing decorative foam glass, facing foam glass and granular foam glass. On the basis of manufacturing method, the foam glass market is segmented into chemical and physical manufacturing method. Based on application, foam glass market is segmented into chemical, building & construction, underground applications and others.
On geographical basis, foam glass market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Key Players Covered:
Some of the key companies are Pittsburgh Corning Europe N.V., Zhejiang Dehe Insulation Technology Co.,Ltd.. Krysteline Technologies, Owens Corning, POLYDROS,S.A., PINOSKLO, Cnud-Efco, Uusioaines Oy, Glapor, Misapor AG, REFAGLASS, Anhui Huichang New Material Co., Ltd. and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in Floor Coatings market
- New Product Launches, Expansions, Key Players
- Ranking of key Players in the Market
Regional Analysis:
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On a geographical basis, foam glass market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is the dominant region in the consumption of foam glass due to an increase in building and construction activities in many countries such as India, China, and other Southeast Asian countries. China is the largest consumer of foam glass due to the demand for the environment-friendly materials for infrastructure developments. North America and Europe regions are predicted to have an incremental growth due to increasing building restoration projects and an increase in awareness of environment friendly materials. The need for energy-efficient acoustic insulation is driving the market for foam glass in Latin American countries. The demand for foam glass in the Middle East & Africa is expected to grow due to the increasing awareness of glass-recycling in the region during the forecast period.
Segmentation
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Key Industry Developments
- June 2019, Uusioaines Oy, a finish glass recycler and the foam glass manufacturer in Finland and Hasopor AB in Sweden will form Europe’s leading foam glass manufacturer when Partnera Glass Recycling a parent company of Uusioaines Oy will acquire Hasopor AB, the acquisition is still in process and the official date has not been announced yet.
- June 2017, Owens Corning, the developer, manufacturer of the insulation, roofing, and fiberglass composites completed the acquisition of Pittsburgh Corning, which is the world’s leading producer of the foam glass insulation system for the commercial and industrial markets.
- Ongoing
- 2023
- 2019-2022
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