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Cellular Glass Market Report
Cellular Glass Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
Cellular glass market is likely to grow from USD 566.33 million in 2021 to USD 729.96 million by 2028 at a moderate CAGR of 3.61% during the forecast period of 2022-2028.
Cellular glass, also known as foam glass, is a material made up of porous glass. It is produced by heating the mixture of granulated glass and a blowing agent such as carbon or limestone.
Cellular glass possesses various properties, such as high strength, lightweight, and thermal and acoustic insulating properties. Further, they are used in various applications, such as construction and industrial.
Factors that are contributing to the demand for cellular glass are requirement for excellent insulation properties for industrial applications, protection against fire, long life, and the imposition of stringent environmental regulations.
Based on the product type, the market is segmented as blocks & shells and foam glass gravels. The blocks & shells segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period. The blocks can be cut into the desired form and can be installed accordingly in various applications such as storage tank insulation, pipelines, and roof insulation. Further, the growing construction and industrial industries and the flexibility of blocks & shells’ usage are propelling the growth of this segment.
Based on the application type, the cellular glass market is segmented as construction, industrial, and others. The construction application segment dominates the market, owing to the increasing usage of thermal insulation materials with high load-bearing capacity as used in residential, commercial, and civil construction and buildings. Further, the presence of stringent building codes and frost-free nature of cellular glass are driving the growth of this segment during the forecast period.
In terms of regions, Europe is estimated to be the largest cellular glass market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing construction projects in several European countries, which is generating huge demand for cellular glass. Besides, increasing usage of sustainable and ecological friendly insulation materials, imposition of stringent regulations, and the presence of a large number of cellular glass manufacturers in the European region are the other major factors bolstering the market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Cellular Glass Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The cellular glass market is segmented into the following categories.
Some of the major players in the cellular glass market are
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The Cellular Glass Market is expected to grow at 3.61% CAGR in the foreseeable future.
Europe is expected to remain the largest market for cellular glass during the next five years.
Some of the key players in the cellular glass market are Misapor AG, Polydros, S.A., Refaglass S.R.O., Uusioaines OY, Owens Corning, Zhejiang Zhenshen Thermal Technology Co., Ltd.
The blocks & shells segment is expected to remain the largest product type in the cellular glass market during the next five years.
The construction application segment dominates the cellular glass market.
Requirement for excellent insulation properties for industrial applications, protection against fire, long life, and the imposition of stringent environmental regulations are the factors driving the growth of cellular glass market.
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