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Pulished Date February, 2020
ID: 9476
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Global Cellular Glass Market Segmentation - By Type (Open Cell Foam Glass and Closed Cell Foam Glass), By process (Physical and Chemical), by end-use industry (Building & Construction, Industrial, and Others), By application (Building & Industrial Insulation, Chemical Processing Systems, Consumer Abrasive, Construction, Industrial, Cryogenic Systems, Heat Transfer Fluid Systems, Commercial Piping & Building, and Others), By product type (Blocks & Shells and Foam Glass Gravels) & By Region – Analysis on Size, Share, Growth, Trends & Forecast | 2020 - 2025

Pulished: February, 2020
ID: 9476
Pages: 110

Cellular Glass Market Size, Share & Forecast (2020 - 2025)

The Global Cellular Glass Market is anticipated to grow in a significant way during the forecast period. It is estimated that the target market is supposed to grow from USD 520 million in 2019 to USD 618 million by 2025, registering a CAGR of 3.5% over the forecast period of 2020 and 2025.

Cellular glass or Foam glass is a foam material of porous glass, which has advantages as a building material such as its strength that was very high, light in weight, and thermal & acoustic insulating properties. This cellular glass was made when the mixture of crushed or granulated glass and a blowing agent such as carbon or limestone are heated. The blowing agent releases gas when it is at the melting point of the glass, which produces a foaming effect in the glass. The mixture will get hard after cooling and will get into a rigid material with gas-filled closed-cell pores, by comprising the major portion of its volume.

The major reason for the growth of the market is the growing demand for the highest form of insulation for industrial purposes, all around the world. Also, the rising prevalence for the protection against the fire & longer life, increase in the awareness about the foam glasses, and high value of insulation foam glass are the factors that are accelerating the global foam glass market over the forecasted period of 2020 to 2025.

Recent Developments

  • Akzo Nobel, a key player in the cellular glass market, has signed a deal of marketing & distribution with Benarx Solutions AS to allow Akzo Nobel to combine their portfolio of wet-applied fire protection with the Benarx’s solutions for dry fit passive fire protection in the oil & gas industry.

  • The Owens Corning, a renowned company that develops and produces the insulation, roofing, and fiberglass composites around the world, has announced that it is going to award the Knox County Foundation of about USD 10,000 in charitable grant funds.

Drivers of Cellular Glass Market

The increased need for high-quality insulation for industrial purposes and for the protection against fire & long life are the key factors that are driving the Global Cellular Glass Market. And the growing awareness about these cellular glasses and about high insulation value cellular glass are the factors that are likely to be boosting the growth of the Global Cellular Glass Market over the forecast period.

Challenges in the Cellular Glass Market

However, factors like the high expense in the business of these cellular glasses and the lack of awareness among the consumers about this cellular glass are the major challenges that are hindering the growth of the target market.

Opportunities in the Cellular Glass Market

Further, favorable environmental regulations and expansion of new application areas are creating lucrative opportunities for the expansion of the global cellular glass market.

Segmentation & Sub-segmentation of the Global Cellular Glass Market as per the research report until 2025.

Cellular Glass Market – By Type

  • Open Cell Foam Glass
  • Closed Cell Foam Glass

Among all of the glass types segments, the closed-cell foam glass segment accounted for the major share of the global market in terms of revenue and it is also estimated to be the fastest-growing segment during the forecast period by recording the highest CAGR over others. The major factors that are propelling the growth of this segment are its abilities such as high-temperature resistance, fire resistance, resistance towards corrosion, moisture resistance, high load-bearing strength, and pest resistance. These closed-cell foam glasses are also employed in applications like insulating inner walls of residential & commercial buildings, roof insulation, sound-proofing meeting halls, floor insulation, walls & bases of tanks, backfills, insulating pipes, embankments, roadbeds, and runway arrestor systems.

Cellular Glass Market – By Process

  • Physical
  • Chemical

Cellular Glass Market – By End-user

  • Building & Construction
  • Industrial

Among all of the above segments, the construction segment held the largest share of the market in terms of revenue. The major factors that are driving the segment's growth are the presence of stringent building codes and growing usage of thermal insulation material that is with high load-bearing capacity in the building constructions & the other structures will continue driving the market growth. Also, the increasing usage of this cellular glass in the commercial, residential, and civil constructions is perplexing further pushing the growth of the segment.

Cellular Glass Market – By Application

  • Building & Industrial Insulation,
  • Chemical Processing Systems
  • Consumer Abrasive
  • Construction
  • Industrial

Of these, the Industrial segment is further sub-segmented into Cryogenic Systems, Heat Transfer Fluid Systems, Commercial Piping, and Building. Among all of these segments, industrial insulation segment is the segment that held the major share of the market's revenue owing to its preference for usage as an insulating material for the majority of applications like integral temperature maintenance of chemical processing systems, bases of cryogenic tanks, piping insulation, and to provide safety against fire. It is also estimated that this segment is going to grow in the fastest way, recording a higher CAGR.

Cellular Glass Market – By Product

  • Blocks & Shells
  • Foam Glass Gravels

Among all of these segments, blocks & shells product type segment accounted for the major share of the market's revenue owing to its increased usage in the construction and industrial sectors. It is also expected that this trend is continuing over the forecast period.

Cellular Glass Market – By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the Global Cellular Glass Market, Europe regional market held the significant share in the revenue aspect and is estimated to witness the rapid growth during the forecast period. The tremendous requirement for the thermal insulation in this region, owing to the cold climate in the countries that are in Europe, is driving the growth of the cellular glass market. Also, another factor that was propelling the usage of this insulation is the rising trend regarding the energy efficiency that is persisting in the region. Additionally, the stringent building codes and stringent regulations regarding fire-resistant insulation products are further increasing the demand for cellular glass in the area.

Key Players of Cellular Glass Market listed in the research report.

Owens Corning (US), Misapor AG(Switzerland), Zhejiang Zhenshen Thermal Technology Co., Ltd. (China), Zhejiang Dehe Insulation Technology Co., Ltd. (China), Jahan Ayegh Pars Company (Iran), POLYDROS, S.A. (Spain), REFAGLASS sro (Czech Republic), Uusioaines Oy (Finland), Steinbach Schaumglas GmbH & Co. KG (Germany),  Earthstone International LLC (US), GEOCELL Schaumglas GmbH (Germany), STES-Vladimir (Russia), German Geo Construction GmbH (Germany), Benarx (Norway), Anhui Huichang New Material Co., Ltd. (China), Liaver GmbH & Co. KG (Germany), and GLAVEL, Inc. (US).

1. Introduction    
    1.1 Market Definition
    1.2 Scope of the report
    1.3 Study Assumptions
    1.4 Base Currency, Base Year and Forecast Periods 


2. Research Methodology
    2.1 Analysis Design
    2.2 Research Phases
        2.2.1 Secondary Research
        2.2.2 Primary Research 
        2.2.3 Data Modelling
        2.2.4 Expert Validation
    2.3 Study Timeline


3. Report Overview    
    3.1 Executive Summary
    3.2 Key Inferencees


4. Market Dynamics    
    4.1 Impact Analysis
        4.1.1 Drivers
        4.1.2 Restaints
        4.1.3 Opportunities
    4.2 Regulatory Environment 
    4.3 Technology Timeline & Recent Trends


5. Competitor Benchmarking Analysis
    5.1 Key Player Benchmarking
        5.1.1 Market share analysis
        5.1.2 Products/Service
        5.1.3 Regional Presence
    5.2 Mergers & Acquistion Landscape
    5.3 Joint Ventures & Collaborations


6. Market Segmentation
    6.1 Cellular Glass Market, By Type
        6.1.1 Open Cell Foam Glass
        6.1.2 Closed Cell Foam Glass
        6.1.3 Market Size Estimations & Forecasts (2019-2024)
        6.1.4 Y-o-Y Growth Rate Analysis
        6.1.5 Market Attractiveness Index


    6.2 Cellular Glass Market, By Process
        6.2.1 Physical
        6.2.2 Chemical
        6.2.3 Market Size Estimations & Forecasts (2019-2024)
        6.2.4 Y-o-Y Growth Rate Analysis
        6.2.5 Market Attractiveness Index


    6.3 Cellular Glass Market, By End-Use Industry
        6.3.1 Building & Construction
        6.3.2 Industrial
        6.3.3 Market Size Estimations & Forecasts (2019-2024)
        6.3.4 Y-o-Y Growth Rate Analysis
        6.3.5 Market Attractiveness Index


    6.4 Cellular Glass Market, By Application
        6.4.1 Building & Industrial Insulation
        6.4.2 Chemical Processing Systems
        6.4.3 Consumer Abrasive
        6.4.4 Construction
        6.4.5 Industrial
        6.4.6 Cryogenic Systems
        6.4.7 Heat Transfer Fluid Systems
        6.4.8 Commercial Piping & Building
        6.4.9 Market Size Estimations & Forecasts (2019-2024)
        6.4.10 Y-o-Y Growth Rate Analysis
        6.4.11 Market Attractiveness Index


    6.5 Cellular Glass Market, By Product Type
        6.5.1 Blocks & Shells
        6.5.2 Foam Glass Gravels
        6.5.3 Market Size Estimations & Forecasts (2019-2024)
        6.5.4 Y-o-Y Growth Rate Analysis
        6.5.5 Market Attractiveness Index


7. Geographical Landscape
    7.1 Global Identity Governance and Administration Market, by Region
    7.2 North America - Market Analysis (2018 - 2024)
        7.2.1 By Country           
        7.2.2 By Type
        7.2.3 By Process
        7.2.4 By End-Use Industry
        7.2.5 By Application
        7.2.6 By Product Type
    7.3 Europe
        7.3.1 By Country      
        7.3.2 By Type
        7.3.3 By Process
        7.3.4 By End-Use Industry
        7.3.5 By Application
        7.3.6 By Product Type
    7.4 Asia Pacific
        7.4.1 By Country
        7.4.2 By Type
        7.4.3 By Process
        7.4.4 By End-Use Industry
        7.4.5 By Application
        7.4.6 By Product Type
    7.5 Latin America
        7.5.1 By Country      
        7.5.2 By Type
        7.5.3 By Process
        7.5.4 By End-Use Industry
        7.5.5 By Application
        7.5.6 By Product Type
    7.6 Middle East and Africa
        7.6.1 By Country    
        7.6.2 By Type
        7.6.3 By Process
        7.6.4 By End-Use Industry
        7.6.5 By Application
        7.6.6 By Product Type


8. Key Player Analysis
    8.1 Owens Corning
        8.1.1 Business Description
        8.1.2 Products/Service
        8.1.3 Financials
        8.1.4 SWOT Analysis
        8.1.5 Recent Developments
        8.1.6 Analyst Overview
    8.2 Misapor AG
    8.3 Zhejiang Zhenshen Thermal Technology Co., Ltd
    8.4 Zhejiang Dehe Insulation Technology Co., Ltd.
    8.5 Jahan Ayegh Pars Company
    8.6 REFAGLASS sro
    8.7 Uusioaines Oy
    8.8 Steinbach Schaumglas GmbH & Co. KG
    8.9 Earthstone International LLC
    8.10 STES-Vladimir
9. Market Outlook & Investment Opportunities

 

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of materials, by application, process, type, end-user, and region along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Cellular Glass Market By Region, From 2020-2025 ( USD Billion )

  2. Global Cellular Glass Market By Type, From 2020-2025 ( USD Billion )

  3. Global Open Cell Foam Glass Market By Region, From 2020-2025 ( USD Billion )

  4. Global Closed Cell Foam Glass Market By Region, From 2020-2025 ( USD Billion )

  5. Global Cellular Glass Market By Process, From 2020-2025 ( USD Billion )

  6. Global Physical Market By Region, From 2020-2025 ( USD Billion )

  7. Global Chemical Market By Region, From 2020-2025 ( USD Billion )

  8. Global Cellular Glass Market By End-Use Industry, From 2020-2025 ( USD Billion )

  9. Global Building & Construction Market By Region, From 2020-2025 ( USD Billion )

  10. Global Industrial Market By Region, From 2020-2025 ( USD Billion )

  11. Global Cellular Glass Market By Application, From 2020-2025 ( USD Billion )

  12. Global Building & Industrial Insulation Market By Region, From 2020-2025 ( USD Billion )

  13. Global Chemical Processing Systems Market By Region, From 2020-2025 ( USD Billion )

  14. Global Consumer Abrasive Market By Region, From 2020-2025 ( USD Billion )

  15. Global Construction Market By Region, From 2020-2025 ( USD Billion )

  16. Global Industrial Market By Region, From 2020-2025 ( USD Billion )

  17. Global Cryogenic Systems Market By Region, From 2020-2025 ( USD Billion )

  18. Global Heat Transfer Fluid Systems Market By Region, From 2020-2025 ( USD Billion )

  19. Global Commercial Piping & Building Market By Region, From 2020-2025 ( USD Billion )

  20. Global Cellular Glass Market By Product Type, From 2020-2025 ( USD Billion )

  21. Global Blocks & Shells Market By Region, From 2020-2025 ( USD Billion )

  22. Global Foam Glass Gravels Market By Region, From 2020-2025 ( USD Billion )

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