Global Foam Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Foam Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Foam Glass is a superior insulation material. It is characterized by small surface density, high strength, low thermal conductivity, heat resistance, anti-freeze-thaw resistance, low water absorption, no burning, sound absorption, good corrosion resistance and workability, not only widely used in petroleum, chemicals, refrigeration, defense and other fields, but also the construction of new energy-saving environmental protection, decorative materials. Foam Glass is a block form and then fabricated into a wide range of shapes and sizes to satisfy industrial and commercial insulation requirements.

Market Overview:

The latest research study on the global Foam Glass market finds that the global Foam Glass market reached a value of USD 1278.99 million in 2022. It’s expected that the market will achieve USD 1896.61 million by 2028, exhibiting a CAGR of 6.79% during the forecast period.

Market Opportunities

The China National Fire Corps issued the famous No. 65 document, requiring that new building insulation materials must meet Class A fire protection standards. Based on the two remarkable characteristics of “insulation and fire prevention” based on foam glass, foam glass, as the new darling of building insulation materials, has been pushed to the stage of China's building insulation and energy conservation history.
The narrowing of the price difference between foam glass and other insulation materials makes foam glass more suitable for replacing other glass insulation materials. Expand its market space in the fields of cold insulation, thermal insulation, building insulation and so on. Later, after product subdivision, it was gradually extended to chimneys, sound absorption, construction, refrigeration, airports, subways, tunnels, LNG, petrochemical pipelines and other fields.

Market Risk

High technical indicators and lack of industry standards are not conducive to the stable development of the foam glass industry.
The overall layout of the foam glass industry is out of control, and the industry's sudden hot hand has caused many players to enter the market. However, the Chinese construction market has cooled down, and the contradiction between production and demand has become more prominent. Some enterprises have already seen the situation that the ex-factory price is lower than the production cost. Investors and banks have a wait-and-see attitude toward the industry. In this case, the industry outlook is uncertain.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Pittsburgh Corning is one of the major players operating in the Foam Glass market, holding a share of 25.7% in 2021.

Pittsburgh Corning

Pittsburgh Corning Corporation develops, manufactures, and supplies building materials in the United States and internationally. It offers loose glass blocks, glass block windows, shower systems, opal glass blocks, energy efficient glass blocks, glass block solar wall tubes, hurricane-resistant glass block windows, patterns, track spacer systems, decorative glass blocks, glass block shower systems, aluminum clad wood windows, glass block installation systems, block finishing units, fire rated glass blocks, basement windows, and specs/installation products.

ZhenShen

Zhejiang Zhenshen Insulation Technology Corp. Ltd. is located in Jiaxing city Zhejiang Province where is in gold hinterland of Yangtze River Delta Hangzhou Gulf Economic Zone, Shanghai Economic Zone and Taihu Lake Economic Zone. ZES is the National New and High-tech enterprise in Wangdian industrial function park.

Segmentation Overview:

By type, Black (Gray) Foam Glass segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Commercial Piping and Building segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Foam Glass market covered in Chapter 3:

YongLi
Aotai
GLAPOR
Pittsburgh Corning
Zhong Tai Tian Cheng
ShouBang
REFAGLASS
Xin Shun Da
Zhejiang DEHO
ZhenShen
Huichang New Material

In Chapter 4 and Chapter 14.2, on the basis of types, the Foam Glass market from 2018 to 2029 is primarily split into:

Black (Gray) Foam Glass
White Foam Glass
Others (Multicolor)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Foam Glass market from 2018 to 2029 covers:

Cryogenic System
Heat Transfer Fluid Systems
Chemical Processing Systems
Commercial Piping and Building
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)