>Global Cellular Glass Market, By Type (Open Cell Foam Glass and Closed Cell Foam Glass), Product (Blocks and Shells, Foam Glass Gravels), Process (Physical and Chemical), Application (Building and Industrial Insulation, Chemical Processing Systems, Consumer Abrasive, Construction, Industrial, Cryogenic Systems, Heat Transfer Fluid Systems, Commercial Piping and Building and Others), End-Use Industry (Building and Construction, Industrial and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cellular Glass Market
The cellular glass market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 3.50% in the forecast period of 2021 to 2028 and is expected to reach USD 743.13 million by 2028. The increasing utilization of cellular glass because of high-quality insulation for industrial purposes is escalating the growth of cellular glass market.
Cellular glass is made through reaction between carbon and glass at elevated temperature. The product refers to a cellular structure glass material which provides improved insulation, durable insulation to materials and lightweight. It is extensively used as a thermal insulation material in chemical industries because of its thermal properties. This product is known to provide high compressive strength making it a suitable material for insulating roof tops covered with bitumen and other heavy materials. It is used with adhesives and in membranes which require barrier to air and liquid.
The rise in demand for the highest form of insulation for industrial purposes, initiatives taken by governments of several developing nations with the purpose of reducing carbon emissions and growing prevalence for the protection against fire are the major factors driving the cellular glass market. The increasing popularity of cellular glass as they offer various features such as lightweight, non-flammable, non-toxic, water and steam resistant, superior insulation properties, corrosion-resistant and is known to be environment friendly, the easy management and low transportation costs and the use of product in proofing the petroleum tanks against fire accelerate the cellular glass market growth. The rising need for cellular glass because it offers a very low carbon footprint and the mineral formulation of cellular glass which makes it unbudgeable and resistant to chemical reactions, parasites and worms influence the cellular glass market. Additionally, the increase in the need for protection against fire and longer life, expansion of manufacturing industries and growing industrial processes positively affect the cellular glass market. Furthermore, emergence of new application areas and environmental regulations driving the growth of cellular glass and extend profitable opportunities to the cellular glass market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the cellular glass and lack of marketing of cellular glass is the factors expected to obstruct the cellular glass market growth. Lack of awareness and fragile and susceptible to vibration-induced damage are projected to challenge the cellular glass market in the forecast period of 2021 to 2028.
This cellular glass market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cellular glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cellular Glass Market Scope and Market Size
The cellular glass market is segmented on the basis of type, product, process, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the cellular glass market is segmented into open cell foam glass and closed cell foam glass.
- On the basis of product, the cellular glass market is segmented into blocks and shells and foam glass gravels.
- On the basis of process, the cellular glass market is segmented into physical and chemical.
- On the basis of application, the cellular glass market is segmented into building and industrial insulation, chemical processing systems, consumer abrasive, construction, industrial, cryogenic systems, heat transfer fluid systems, commercial piping and building, and others.
- On the basis of end-use industry, the cellular glass market is segmented into building and construction, industrial, and others.
Global Cellular Glass Market Country Level Analysis
The cellular glass market is analyzed and market size, volume information is provided by country, type, product, process, application and end-use industry as referenced above.
The countries covered in the globally cellular glass market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cellular glass market because of the high consumption of energy and government encouraging the use of cellular foams to bring down these costs, maintain uniform temperature and lower noise levels in houses and commercial properties in the region. Asia-Pacific is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the increasing use of cellular foam in construction activities, presence of safety standards and norms for the production of cellular glass to enhance the load bearing capacity of the material and high usage of cellular glass for thermal insulation for enhanced exteriors.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cellular Glass Market Share Analysis
The cellular glass market company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cellular glass market.
The major players covered in the cellular glass market reports are Owens Corning, MISAPOR AG, POLYDROS,S.A., Summit Brands, Refaglass, Uusioaines Oy, ANHUI HUICHANG NEW MATERIAL CO., LTD., GEOCEL, The company «STES-Vladimir», PINOSKLO cellular glass, Ningbo Yoyo Foam Glass Co., Ltd., Stikloporas, AeroAggregates, Veriso GmbH, Implisense GmbH, German Geo Construction GmbH, Benarx, Liaver, Zhejiang Yahong Medical Apparatus Co., Ltd., Glavel, JAHAN AYEGH PARS COMPANY among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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