Foam Glass Market - By Type (Open cell foam, Closed cell foam, Mixed cell foam), By Production process (Crushed glass process, Glass powder process, Direct foaming process, Slurry method), By Application & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFoam Glass Market - By Type (Open cell foam, Closed cell foam, Mixed cell foam), By Production process (Crushed glass process, Glass powder process, Direct foaming process, Slurry method), By Application & Forecast, 2024 – 2032
Foam Glass Market - By Type (Open cell foam, Closed cell foam, Mixed cell foam), By Production process (Crushed glass process, Glass powder process, Direct foaming process, Slurry method), By Application & Forecast, 2024 – 2032
Foam Glass Market Size
Foam Glass Market was valued at around USD 2.21 billion in 2023 and is anticipated to register a CAGR of over 5.3% between 2024 and 2032. Foam glass is a lightweight, porous material made from recycled glass that is processed into foam and then hardened. It is known for its excellent thermal and acoustic insulation properties, as well as its resistance to moisture, chemicals, and fire.
To get key market trends
Foam glass is used in a variety of applications, including building and construction for insulation in walls and roofs, as well as in industrial, chemical, and marine environments for protection and insulation. The growth trend in the industry is driven by the increasing demand for sustainable and eco-friendly materials, as foam glass is made from recycled materials and offers a long lifespan.
As research delves deeper into foam glass's capabilities and safety considerations, the growth of the foam glass market in North America and Europe has been propelled by various factors. These include the rising need for advanced materials to address challenges across diverse industries, stringent regulatory mandates emphasizing sustainability and energy efficiency, and continual innovations in foam glass formulations.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Foam Glass Market Size in 2023 | USD 2.21 billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 5.3% |
| 2032 Value Projection | USD 3.5 billion |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 305 |
| Tables, Charts & Figures | 255 |
| Segments covered | Types, Production process, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Foam glass faces competition from other insulating materials like mineral wool, polystyrene, and polyurethane foam. These alternatives are similar in quality but often cheaper. Foam glass struggles to break into the market because these traditional materials are well-known and popular, especially in areas where price is important. Some substitutes offer extra perks like more strength or easier installation, which can further hurt foam glass's chances in the market. On top of that, making foam glass is expensive. It takes special machines and know-how, which drives up the cost of production. This means foam glass products tend to be pricier, which makes them less appealing in markets where price is a big concern.
Cost pressures may hinder foam glass adoption despite its eco-friendly and performance benefits, making it essential for manufacturers to find ways to optimize production and improve cost efficiency.
Foam Glass Market Trends
The market for foam glass is expanding steadily due to the rising demand from a variety of industries for environmentally acceptable and sustainable materials. Foam glass is becoming more and more well-known as an efficient insulating material for infrastructure and building projects as the world's attention turns to energy efficiency and sustainable architecture. Because of its excellent thermal and acoustic insulation qualities, architects and builders who want to improve building efficiency and save energy find it to be a desirable option.
Because foam glass is fire, moisture, and chemical resistant, it is being used in industrial, chemical, and marine settings in addition to construction. Because of its adaptability, its market presence is growing. Moreover, it is anticipated that the expansion of sectors like green building and renewable energy will increase demand for foam glass.
The market confronts a number of obstacles, including competition from less expensive and well-established alternative insulation materials like mineral wool and polystyrene. Manufacturers of foam glass need to concentrate on cost-cutting and innovative techniques in order to stay competitive.
The foam glass industry is significantly influenced by regional market dynamics as well. The market leaders are North America and Europe because of their strict building rules and emphasis on sustainability. Growth in the Asia Pacific market is being driven by rising awareness of energy-efficient materials and an increase in construction activity. The foam glass industry seems to have a bright future overall as long as the sector keeps innovating and broadening its applications. To fully realize the potential of this market, manufacturers must overcome issues related to costs and raise consumer knowledge of the advantages of foam glass.
Foam Glass Market Analysis
Learn more about the key segments shaping this market
In the world of foam glass, there are three main typesopen cell, closed cell, and mixed cell. Among these, closed cell foam glass is the star performer. In 2023, it ruled the market with a massive value of $1.21 billion. And this dominance is only expected to grow, reaching an impressive $1.94 billion by 2032. What makes closed cell foam glass so popular? It's all about its superior performance. Unlike its open cell and mixed cell cousins, closed cell foam glass has cells that are completely sealed off. This means it's super resistant to moisture, making it the perfect choice for areas that are a bit soggy or damp. Plus, its insulating powers are off the charts, and it's incredibly strong and sturdy. No wonder it's the king of the foam glass market!
Excellent thermal and acoustic insulation from closed-cell foam glass helps buildings save a lot of energy and reduce noise. Because of its strong compressive strength, it may be used in load-bearing applications, which increases its adaptability in building projects. The fire and chemical resistance of closed-cell foam glass also plays a significant role in its extensive use in a variety of industries, including the building, industrial, and marine sectors.
Learn more about the key segments shaping this market
The foam glass industry has different ways of making its products. One way is the crushed glass process, which was the most popular in 2023, with a 40.46% share of the market. It's expected to keep growing, reaching a 41.3% share by 2032. The crushed glass process is popular because it's both efficient and cost-effective. It starts with collecting, sorting, and then crushing recycled glass into small pieces. These pieces are then mixed with other chemicals and foaming agents. The mixture is then heated in a furnace to create a foamed glass structure. One of the main reasons why the crushed glass process is so efficient is that recycled glass is widely available and abundant. This helps keep the cost of raw materials down. It's also environmentally friendly because it uses leftover glass and reduces the carbon footprint associated with making foam glass.
Manufacturers favor this process for its scalability and ability to produce foam glass in different densities and sizes to suit a range of needs. As a result, the crushed glass process remains a dominant and preferred production method in the market.
Imagine your house or workplace as a puzzle with different pieces. The foam glass market is one of those pieces, and it plays a significant role in the construction industry. In 2023, the foam glass market was like a giant slice of the pie worth a whopping $1.05 billion. But guess what? By 2032, it's expected to become even bigger, like a pizza that can feed a whole party—$1.7 billion! Why is foam glass so popular in construction? It's like a superhero for your walls and ceilings. It's super good at keeping the heat and noise out, making your home or office a cozy and quiet haven. It's also a great friend to the environment, helping you save energy and reduce your carbon footprint. So, if you want a building that's comfortable, energy-efficient, and eco-friendly, foam glass is your hero!
In addition, foam glass offers structures increased durability and safety because it is non-combustible and resistant to mold, moisture, and pests. Because of its lightweight design, it is also simple to handle and install, which cuts down on labor expenses and construction time.
Looking for region specific data?
North America dominated the global foam glass market in 2023. It generated a revenue of USD 786.1 million in 2023 and expected to reach around USD 1.28 billion by 2032. For a variety of reasons, North America dominates the market in terms of market share. Sustainable and energy-efficient materials are prioritized in the region's modern building and industrial sectors, which is in line with foam glass's characteristics. Foam glass is an ideal alternative for architects and builders due to its outstanding thermal and acoustic insulation, especially as energy codes and construction standards become more demanding.
Furthermore, foam glass is in high demand as a recycled and environmentally friendly material due to North America's significant emphasis on environmental sustainability and green building techniques. Foam glass is being adopted in a variety of applications because to the region's established infrastructure and research and development skills, which also foster innovation.
Imagine the North American foam glass industry as a roaring lion, with the United States holding its mighty mane. That's because our country has cornered the market in this highly sought-after material. Foam glass isn't your average glass. It's a revolutionary insulation material used in building and infrastructure projects because it's both eco-friendly and super effective at keeping the heat in or out. Our construction industry is booming, and so is the demand for sustainable and energy-efficient materials like foam glass. Plus, the U.S. is home to some of the biggest names in the foam glass game. These companies are constantly innovating and improving the material, which keeps us ahead of the curve. But it's not just about building better homes and offices. Foam glass also finds its way into everything from chemical plants to industrial facilities to offshore platforms. With our strong industrial backbone, it's no wonder the U.S. is a leader in this field. And let's not forget the government's push for green initiatives. Foam glass is an environmentally friendly option, and our leaders are all about promoting sustainability. That means more and more projects are turning to foam glass to reduce their carbon footprint. So there you have it. The United States is the king of the foam glass jungle, and its dominance looks set to continue for a long time to come.
Foam Glass Market Share
The foam glass industry is like a battlefield where companies from all over the world compete to be the best. These companies make different types of foam glass for different uses, like building houses, keeping industries warm, and even building boats. Some of the biggest names in the game are Owens Corning, Dehe Technology, Foamit, and Kanthal. They've got a leg up on the competition because they've been around for a while, have a lot of connections, and are well-known brands. But the competition isn't just about who has the best reputation. It's also about who can make the best foam glass. Companies are always trying to improve their products by making them better quality, more innovative, cheaper, and more environmentally friendly. They do this by putting a lot of time and effort into research and development. By constantly coming up with new ways to make their foam glass better, these companies can stand out from the crowd and stay ahead of the competition.
Companies are not only focusing on making and selling foam glass but are also doing their part to protect the environment by using eco-friendly and energy-saving methods in their production processes. This is because more and more people want to use sustainable materials. Smaller companies in different regions are also making a mark in the market. They cater to their local markets and offer special products that work well for certain industries or uses. These companies know the rules and needs of their regions, which gives them an edge over their competitors. There is competition from other insulation materials like mineral wool and polystyrene, which are cheaper and more popular. But foam glass makers are working hard to improve their production methods and educate people about the benefits of foam glass so they can stay in the game.
Overall, the competitive landscape for the foam glass industry is marked by innovation, sustainability, and a focus on meeting diverse industry needs while maintaining high quality and performance standards.
Foam Glass Market Companies
Major players operating in the market include
- Aero Aggregates LLC
- Dehe technology group ltd
- Foamit
- Kanthal
- Langfang Chaochen Thermal Insulation Materials Co., Ltd
- Mikewye Ltd
- Owens corning
- Pinosklo
- Polydros
- Refaglass
- TECHNOpor
- Zhejiang Zhenshen Insulation technology Corp.Ltd
Foam Glass Industry News
- In 2021, Foamit Group Oy completed the acquisition of the Norwegian foam glass manufacturing company Glasopor AS. This strategic move solidified Foamit Group’s position as the primary foam glass manufacturer in the Nordic countries and elevated it to one of the largest global players in the industry.
- In 2021, Burlington-based Foam Glass Glavel made an exciting announcement about the commencement of production for a groundbreaking building material. This innovative material is crafted from recycled glass and serves a dual purposedrainage layer and sub-slab insulation12.extends AGM’s commercial reach directly into the region’s liquid resins, coatings, composites and polymers sectors.
The foam glass market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments
Click here to Buy Section of this Report
Markt, By Type
- Open cell foam glass
- Closed cell foam glass
- Mixed cell foam glass
Market, By Production process
- Crushed glass process
- Glass powder process
- Direct foaming process
- Slurry methods
Market, By Application
- Building and Construction
- Industrial
- Chemical
- Marine
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Data mining sources
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis
2.2 Type trends
2.3 Production process trends
2.4 Application trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.1.4 Supply disruptions
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growth in Construction and Infrastructure
3.2.1.2 Lightweight and Durable
3.2.1.3 Sustainability and Recycling
3.2.2 Market challenges
3.2.2.1 Competition from alternatives
3.2.2.2 High production cost
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.3.3 Sustainability in raw materials
3.3.4 Raw material pricing trends (USD/Ton)
3.3.4.1 U.S.
3.3.4.2 European Union
3.3.4.3 UK
3.3.4.4 China
3.3.4.5 Southeast Asia
3.3.4.6 GCC
3.4 Regulations & market impact
3.5 Porter’s analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)
5.1 Key trends
5.2 Open cell foam glass
5.3 Closed cell foam glass
5.4 Mixed cell foam glass
Chapter 6 Market Size and Forecast, By Production Process, 2021-2032 (USD Million, Kilo Tons)
6.1 Key trends
6.2 Crushed glass process
6.3 Glass powder process
6.4 Direct foaming process
6.5 Slurry methods
Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
7.1 Key trends
7.2 Building and construction
7.3 Industrial
7.4 Chemical
7.5 Marine
7.6 Others
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 MEA
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 South Africa
8.6.4 Rest of UAE
Chapter 9 Company Profiles
9.1 Aero Aggregates LLC
9.2 Dehe technology group co ltd
9.3 Foamit
9.4 Kanthal
9.5 Langfang Chaochen thermal insulation material co ltd
9.6 Mikewye Ltd
9.7 Owens corning
9.8 Pinosklo
9.9 Polydros
9.10 Refaglass
9.11 TECHNOpor
9.12 Zhejiang Zhenshen Insulation technology Corp.Ltd
- Aero Aggregates LLC
- Dehe technology group ltd
- Foamit
- Kanthal
- Langfang Chaochen Thermal Insulation Materials Co., Ltd
- Mikewye Ltd
- Owens corning
- Pinosklo
- Polydros
- Refaglass
- TECHNOpor
- Zhejiang Zhenshen Insulation technology Corp.Ltd
Related Reports
- Dimethyl Terephthalate Market - By Form (Solid, Liquid), Grade (Technical, Reagent, Pure, Synthesis), Application, End u...
- Dimethyl Terephthalate Market - By Form (Solid, Liquid), Grade (Technical, Reagent, Pure, Synthesis), Application, End u...
- Bromine Derivatives Market - By Derivative Type (Organobromines, Clear Brine Fluids, Hydrogen Bromide, Brominated Flame ...
- Butylated Hydroxytoluene (BHT) Market - By Application (Food, Animal Feed, Lubricating & Specialty Oils, Rubber, Persona...
- Nano Coating Market - By Type (Anti-Fingerprint Coatings, Anti-Microbial Coatings, Self-Cleaning Coatings, Anti-Corrosio...
- Anti-corrosion Coatings Market - By Product (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), By Mode of ...
Table of Content
Will be Available in the sample /Final Report. Please ask our sales Team.
List Tables Figures
Will be Available in the sample /Final Report. Please ask our sales Team.
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy