- Closed Cell
- Open Cell
Foam Glass Market Size was valued at USD x billion in 2021 is poised to grow at significant CAGR of 6.8% over 2022-2028. Growth of the chemical industry and gas industry, increasing construction activities across the globe, rise in the investments on the effective materials to enhance the quality, necessity for the replacement of heavyweight materials with lightweight materials and growing demand for foam glass from petroleum industries are some key factors fueling the market growth. However, factors such as high cost of foam glass and lack of awareness are hampering the market growth. Foam glass is a lightweight, stiff material that provides long-lasting insulation. Foam glass is made up of individually sealed glass cells. It is incombustible, strong, and provides long-term thermal insulation. It is available in a variety of sizes and varieties to meet the varied sorts of insulation requirements of many construction projects. Foam glass is commonly utilised in a variety of commercial and industrial settings. Forma glass provides the optimum qualities for pipes, tanks, containers, and other applications. It provides the infrastructure with high-performance and long-lasting insulation. Foam glass may be made from recycled glass, and it is the way of the future for glass recycling. Previously, foam glass could only be made from virgin glass.
Fastest Growing Market
Major factor driving the growth of the market is the growing construction industry in countries such as the U.S., China, India, and the U.K. Owing to the rise in population, these countries are witnessing rapid growth in construction industry resulting in large-scale investment in construction projects such as hotels, apartments, offices, retail centers, and civic infrastructures. Growing prevalence for the replacement of heavyweight materials with lightweight materials is quickening the demand of the market. Foam glass exhibits higher properties such as high tensile strength and lightweight. This is a porous material and is extensively used in the construction of the buildings. It also finds its application in civic constructions such as roadbeds, road embankments, and bridges as it is lightweight and moisture resistant
The foam glass market is projected to expand at a CAGR of 6.8% during the forecast period
Herzog, Cobra Braids, NIEHOFF Schwabach, Spirka Schnellflechter, Mayer Industries
North America is the fastest-growing region in the foam glass market