Global Foam Glass Market to Reach 3.4 Thousand Kilotons by 2030
The global market for Foam Glass estimated at 2.2 Thousand Kilotons in the year 2023, is expected to reach 3.4 Thousand Kilotons by 2030, growing at a CAGR of 6.4% over the period 2023-2030. Closed Cell Foam Glass, one of the segments analyzed in the report, is expected to record 7.2% CAGR and reach 2 Thousand Kilotons by the end of the analysis period. Growth in the Open Cell Foam Glass segment is estimated at 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at 567.6 Kilotons, While China is Forecast to Grow at 10% CAGR
The Foam Glass market in the U.S. is estimated at 567.6 Kilotons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 809.9 Kilotons by the year 2030 trailing a CAGR of 10% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
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