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Foam Glass Market Research Report Information By Type (Open-cell And Closed-cell), By End-User (Industrial, Building & Infrastructure), By Process (Physical And Chemical), By Application (Building and Industrial Installation And Chemical System) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032.

ID: MRFR/CnM/6807-HCR | 111 Pages | Author: Chitranshi Jaiswal| June 2024

Global Foam Glass Market Overview

Foam Glass Market Size was valued at USD 2.2 billion in 2023. The foam glass industry is projected to grow from USD 2.32 Billion in 2024 to USD 3.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period (2024 - 2032). Increased demand due to distinctive properties and increased demand from the building and construction section are the key market drivers enhancing the market growth.Foam Glass Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Foam Glass Market Trends

  • Increased use of foam glass in construction and building applications drives market growth

Cellular glass is widely used as an insulating material in critical enclosures, building fireproof panels, and green roof insulation. This is because it is air and vapor tight, decreases the risk of humidity buildup, and cannot catch fire. Other glasses, including as positive roofs, inclined roofs, and inverted roofs, are employed as insulation materials outside of buildings in flower plantation areas, driving the foam glass market CAGR. Population growth has also spurred construction activity, which promotes demand for cellular glass. Because individuals are increasingly more interested in saving energy, the market has developed rapidly. In Denmark, cellular glass was utilized to construct a whole energy-efficient structure known as a "passive house wall." This residence was constructed as part of Grasten Teglvaerk's Clean Tech Block project. According to the project manager, this house was designed to demonstrate how sturdy and energy-efficient cellular glass is. Therefore, the growth of the market is driven by the rise in the use of foam glass revenue in the building industry.

According to Pittsburgh Corning Corporation, a renowned manufacturer and supplier of insulation, roofing, and fiberglass composite materials, cellular glass is utilized to create 75% of LNG storage infrastructure above ground level. Cellular glass is a foundation material with another material on top or between it. As a result of these characteristics, more individuals use foam glass for storage, propelling market revenue.

Additionally, foam glass is particularly suited as a stiff insulation medium in traffic areas, walls, and roofs where other materials are squeezed, resulting in an uneven surface and a loss of insulating characteristics. Foam glasses can also act as a barrier for temperature fluctuations or stopping gases or liquids from going through. The insulating properties of foam glass raise the demand for this glass in the market, which is expected to increase the market growth rate.

July 2023: Sheela Foam has made history by announcing two deals at the same time, which is known for its acquisitions. If it gets regulatory approval, the transaction will close in November.

January 2023: Schlüsselbauer (AT) and Reiling (DE), family-owned foam glass companies from Germany, are merging their German operations. From that initiative, Veriso GmbH & Co. KG a collaborative entity, was formed whose stakeholders still own an equal share of 50% in the newly-formed company.

Foam Glass Market Segment Insights

Foam Glass Type Insights

The foam glass market segmentation, based on type includes open-cell and closed-cell. In 2022, the closed cell segment held the largest revenue share in the globle foam glass market. Closed cell foam glass is resistant to fire, high temperatures, and high loads, as well as moisture, insect, and corrosion resistance. This foam glass is used to insulate the interior walls of commercial and residential structures, as well as to soundproof meeting rooms, floors, pipes, roofs, tank walls, bases, roadbeds, embankments, backfills, and runway arrestor systems.

Figure1: Foam Glass Market, by Type, 2022 & 2032(USD billion)Foam Glass Market, by Type, 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Foam Glass End-User Insights

The foam glass market segmentation, based on end-user, includes industrial, building & infrastructure. Over the forecast period, the industrial segment is expected to see significant revenue growth. Foam glass is used in industries to fire-proof petrochemical tanks, as well as to insulate hot tanks, cold tanks, cryogenic tanks, and pipes in chemical processing systems. It is water-resistant, fire-resistant, corrosion-resistant, and strong. It is also suitable for insulating LNG and LPG pipeline cryogenic systems.

Foam Glass Process Insights

The foam glass market segmentation, based on process includes physical and chemical. The physical segment dominated the market of foam glass. The chemical process is used by the majority of manufacturers because it provides better heat insulation and corrosion resistance.

Foam Glass Application Insights

The foam glass market segmentation, based on application includes building, industrial installation and chemical system. Building and Industrial insulation is predicted to account for the largest revenue share in the worldwide foam glass market over the forecast period, owing to increased demand for soundproofing meeting halls and other systematic buildings. Foam glass is moisture-resistant and lightweight, making it excellent for supporting municipal structures such as roadbeds, bridges, and road embankments. It also protects structures against fire, humidity, and rats, and emits no fumes.

Foam Glass Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. By region, the market across North America held the largest share in 2022, accounting for more than one-third of the form glass market, due to high adoption rate of form glass and increase in R&D activities by energy companies in the region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: FOAM GLASS MARKET SHARE BY REGION 2022 (%) FOAM GLASS MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s foam glass market accounts for the second-largest market share due to growing need for eco-friendly insulating materials across a range of end-use industries, including building and construction, industrial, and others. Further, the German foam glass market held the largest market share, and the UK foam glass market was the fastest-growing market in the European region

The Asia-Pacific Foam Glass Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increasing use of foam glass because of its many benefits, such as affordability, low environmental impact, and reusability. Moreover, China’s foam glass market held the largest market share, and the Indian foam glass market was the fastest-growing market in the Asia-Pacific region.

Foam Glass Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D in order to expand their product lines, which will help the foam glass market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, foam glass industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the foam glass industry to benefit clients and increase the market sector. In recent years, the foam glass industry has offered some of the most significant advantages to medicine. Major players in the foam glass market, including Zhejiang Dehe Insulation Technology Co., Ltd. (China), Zhejiang Zhenshen Insulation Technology Corp. (China), UUSIOAINES OY (Finland) and others, are attempting to increase market demand by investing in R&D operations.

Corning Incorporated is a multinational technology corporation based in the United States that specializes in specialized glass, ceramics, and related materials and technologies, including advanced optics, principally for industrial and scientific purposes. Corning Glass Works was the company's name until 1989. Corning sold the Corning Consumer Products Company division (now known as Corelle Brands) to Borden in 1998, divesting its consumer product lines (including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bakeware). In June 2019, Owens Corning bought Pittsburgh Corning, a foam glass firm. As a result of this, Owens Corning was able to expand its product offering. Pittsburgh Corning is a worldwide leader in foam glass and a subsidiary of Owens Corning with a presence in 17 countries.

Aubrey K. McClendon launched American Energy Partners, LP (AELP), an American natural gas and oil firm, in April 2013. The company oversaw affiliates in charge of natural shale gas and oil production and exploration in the United States, as well as asset, mineral, royalties, and non-operated property administration. As of August 2015, it was headquartered in Oklahoma City, Oklahoma, and employed approximately 450 employees. On May 18, 2016, two months after McClendon's death, AELP announced that company would cease operations and close by the end of summer 2016. In June 2019, The company has announced that American Energy - Appalachia, LLC, the affiliate holding its Utica and Marcellus companies, has been renamed Ascent Resources, LLC. Ascent Resources, according to AELP, will become an independent corporation.

Key Companies in the foam glass market include

  • Glapor (Germany)

  • MISAPOR (Switzerland)

  • Polydros S.A. (Spain)

  • Refaglass (Czech Republic)

  • Owens Coming (US)

  • UUSIOAINES OY (Finland)

  • Earthstone International (US)

  • Anhui Huichang New Material Co. Ltd. (China)

Foam Glass Industry Developments

May 2023 sees the merger of Schlüsselbauer and Reiling- two related corporations involved with glass foams in Germany under a new firm called Veriso GmbH & Co. KG . Both firms hold a 50% interest in this new venture and have contributed their manufacturing locations. The new company has taken over activities formerly carried out by Schlüsselbauer Geomaterials GmbH and Veriso Schaumglas GmbH, thus owning four foam glass furnaces sited across three production sites, one of Europe’s biggest foam glass gravel manufacturers.

November 2022 -First aroma ingredient supplier1 to offer Geraniol Extra BMBcertTM with third-party certified carbon footprint demonstrably below market standard1A variety of everyday home and personal care products contain the scent of roses. In addition to its wide range of application areas, Geraniol Extra BMBcertTM replaces fossil feedstock with 100% certified renewable raw materials utilizing a biomass balance approach to deliver sustainability benefits and reduce CO2 emissions, as well as being readily biodegradable.

November 2022 - The fully owned subsidiary trinamiX, leading mobile spectroscopy provider BASF SE, enables flexible on-site textile identification now. Mobile NIR Spectroscopy Solution by trinamiX can detect more than fifteen different textile types and compositions more efficiently now. However, even parts constituted of mixed materials can be quickly identified without any damage to the items.

Foam Glass Market Segmentation

Foam Glass Market by Type Outlook

  • Open-cell

  • Closed-cell

Foam Glass Market by End-User Outlook

  • Industrial

  • Building & Infrastructure

Foam Glass Market by Process Outlook

  • Physical

  • Chemical

Foam Glass Market by Application Outlook

  • Building and Industrial Installation

  • Chemical System

Foam Glass Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 2.2 billion
Market Size 2024 USD 2.32 billion
Market Size 2032 USD 3.4 billion
Compound Annual Growth Rate (CAGR) 4.88% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, End-User, Process, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Glapor (Germany), MISAPOR (Switzerland), Polydros S.A (Spain), Refaglass (Czech Republic), Owers Coming (US), Zhejiang Dehe Insulation Technology Co., Ltd. (China), Zhejiang Zhenshen Insulation Technology Corp. (China), UUSIOAINES OY (Finland), Earthstone International (US), Anhui Huichang New Material Co., Ltd. (China).
Key Market Opportunities The foam glasses are widely used in the civic construction of roadbeds, bridges due to their lightweight properties.
Key Market Dynamics Rising construction work around all the regions in the world.

Frequently Asked Questions (FAQ) :

The foam glass market size was valued at USD 2.2 Billion in 2023

The market is projected to grow at a CAGR of 4.88% during the forecast period, 2024-2032

North America had the largest share in the market

The key players in the market are Zhejiang Dehe Insulation Technology Co., Ltd. (China), Zhejiang Zhenshen Insulation Technology Corp. (China), UUSIOAINES OY (Finland)

The physical foam glass category dominated the market in 2023

The closed cell had the largest share in the market

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