According to IMARC Group latest report titled” Cellular Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on cellular glass market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cellular glass market size reached US$ 559.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 768.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Cellular glass, known for its insulating properties, is a form of glass foam produced from crushed and milled glass combined with a foaming agent. This compound is then placed under high temperatures until it softens and the foaming agent releases gases, expanding the material into a highly porous structure. The resulting product, cellular glass, is characterized by its low density, high compressive strength, and thermal resistance. It is impermeable to water vapor and provides superior fire protection, which makes it an ideal insulation material in construction, especially for roofing and underground structures. Its stability and inert nature also mean it does not attract pests or mold, adding to its advantages as a long-term sustainable building solution.
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Market Trends:
The global market is primarily driven by the construction industry’s pursuit of efficient insulation materials. In line with this, the increased focus on energy-efficient buildings is also providing an impetus to the market. Moreover, stringent regulations regarding building materials for fire safety are acting as a significant growth-inducing factor. In addition to this, the push for sustainable and environmentally friendly construction materials is resulting in higher adoption of cellular glass. Furthermore, the upswing in retrofitting and refurbishment of old infrastructure is creating a positive outlook for the market. Also, the growth in industrial applications due to cellular glass’s resistance to chemicals is influencing the market favorably. The market is further supported by advancements in manufacturing processes that improve product quality and performance. Apart from this, the use of cellular glass in cryogenic systems due to its low thermal conductivity is accelerating its demand.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Amity Insulation Group Inc.
- Benarx
- Jahan Ayegh Pars Co.
- Langfang Chaochem Thermal Insulation Materials Co. Ltd.
- Owens Corning
- Pinosklo
- Polydros Sociedad Anonima (S.A.)
- REFAGLASS TRADE s.r.o.
- SZECO Insulation Technology Co., Ltd.
- Zhejiang Dehe Insulation Technology Co. Ltd
- Zhejiang Zhenshen Insulation Technology Corp. Ltd
Cellular Glass Market Segmentation:
Our report has categorized the market based on region, product type, type and application.
Breakup by Product Type:
- Block and Shell
- Foam Glass Gravel
Breakup by Type:
- Open Glass
- Closed Glass
Breakup by Application:
- Construction
- Industrial
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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