Cellular Glass Market Analysis | 2023-2028

Market Insights

The cellular glass market was estimated at USD 586.77 million in 2022 and is likely to grow at a CAGR of 3.61% during 2023-2028 to reach USD 725.9 million in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Cellular glass, also known as foam glass, is a material made up of porous glass. It is produced by heating a 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.

Market Drivers

Factors that are contributing to the demand for cellular glass are:

• Requirement for excellent insulation properties for industrial applications.
• Protection against fire.
• Long life.
• The imposition of stringent environmental regulations.

Want to have a closer look at this market report? Click Here

Key Players

Some of the major players in the market are-

• Misapor AG, Polydros, S.A
• Refaglass S.R.O.
• Uusioaines OY
• Owens Corning
• Zhejiang Zhenshen Thermal Technology Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

By Product Type

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 2022 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.

By Application Type

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 the frost-free nature of cellular glass are driving the growth of this segment during the forecast period.

Regional Insights

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 ecologically 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.

Know the high-growth countries in this report. Click Here

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s cellular glass market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The cellular glass market is segmented into the following categories.

By Product Type

• Blocks & Shells
• Foam Glass Gravels

By Application Type

• Construction
• Industrial
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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 to sales@stratviewresearch.com.