According to IMARC Group latest report titled” Cellular Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on cellular glass market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global cellular glass market size reached US$ 515.0 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 668.4 Million by 2027, exhibiting a growth rate (CAGR) of 4.5% during 2022-2027.
Cellular glass represents an insulation material that has an appearance similar to sponge and is composed of crushed glass and limestone or carbon. It is available in block and shell and foam glass gravel categories. These cellular glass variants are lightweight, chemically inert, and fiber-free and have excellent mechanical properties as compared to other types of insulation materials. They further have high compressive strength and thermal conductivity. Consequently, cellular glass products find widespread applications in residential, commercial, and industrial construction across countries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing demand for sustainable insulating materials with low environmental impact in numerous industries and the emerging trend of green roofs and fireproof building structures are primarily driving the cellular glass market. Moreover, the rising product usage in above and below-ground steam and chilled water pipes, on account of its non-corrosive and waterproofing features, is acting as another significant growth-inducing factor. Additionally, the elevating concerns towards the conservation of energy in buildings and the launch of stringent policies and fire codes by government bodies are also positively influencing the global market. Besides this, the expanding need for insulation systems with low and predictive energy costs in cold storage and flotation devices is anticipated to propel the cellular glass market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amity Insulation Group Inc.
- Jahan Ayegh Pars Co.
- Langfang Chaochem Thermal Insulation Materials Co. Ltd.
- Owens Corning
- 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:
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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