Foam Glass Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Closed Cell and Open Cell), By Process (Chemical Process and Physical Process), By Application (Consumer Abrasive, Chemical Processing System, Building and Industrial Insulation and Others), By End User (Industrial, Building & Construction and Others) and Region Forecast 2020-2031

Foam Glass Market size was valued at US$ 2.3 billion in 2024 and is expected to reach US$ 3.3 billion by 2031, growing at a significant CAGR of 5.2% from 2025-2031. Growth of the chemical industry and gas industry, increasing construction activities across the globe, rise in investments in effective materials to enhance quality, the 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 the 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 utilized 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.

Key Developments:

• April 2024: Foamit Group, alongside its shareholders Partnera Corp. and Tesi, announced an investment of approximately $10.7 million to double the capacity of its Onsøy production plant in Norway. This initiative aims to meet the growing demand for sustainable materials in large Nordic infrastructure and building construction projects.
• December 2024: Schott AG introduced a new range of foam glass products featuring enhanced thermal insulation and durability, targeting applications in the construction industry.