August 6, 2019 - 7:09 AM EDT
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Global Foam Glass Market Insights & Projections (2019-2024): New Application Areas Provide Growth Opportunities

Dublin, Aug. 06, 2019 (GLOBE NEWSWIRE) -- The "Foam Glass Market by Type (Open Cell and Closed Cell), Process (Physical and Chemical), Application (Building & Industrial Insulation and Chemical Processing Systems), End-Use Industry - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Foam Glass Market is Estimated at 1,503 Kilotons in 2019 and is Projected to Reach 1,964 Kilotons by 2024, at a CAGR of 5.5% Between 2019 and 2024.

Superior fire-proof and insulation properties of foam glass are expected to drive the global foam glass market during the forecast period

Foam glass exhibits good fire resistance, water resistance, corrosion resistance, and is lightweight and biocompatible. These properties make it a preferred material in end-use industries such as industrial, residential and commercial construction, consumer abrasive, pharmaceutical, packaging, and shipbuilding. Increasing demand from these end-use industries is expected to drive the market during the forecast period.

Industrial end-use is expected to register the highest CAGR in the global foam glass market during the forecast period

The industrial end-use segment is projected to witness the highest growth in the foam glass market. The industrial use of foam glass includes as a material for fire-proofing petrochemical tanks, insulating hot and cold tanks, insulating cryogenic tanks, and piping insulation of chemical processing systems. It is fire-resistant, water-resistant, and possesses high load-bearing capability. Also, it is corrosion-resistant. It makes it suitable for insulating cryogenic systems of LNG and LPG pipelines. The market for foam glass in the industrial segment is in the nascent stage and is expected to grow in the coming years.

The building & industrial insulation application is expected to drive the foam glass market

Among the foam glass applications, building & industrial insulation is projected to grow at the fastest during the forecast period. Foam glass serves as an excellent insulating material for both commercial and non-commercial buildings. It provides additional safety from fire; this makes it suitable for use in industries, especially in petrochemical factories that are susceptible to fire.

Europe is projected to record the highest growth rate during the forecast period

Europe accounted for the largest share in the foam glass market, and this trend is expected to continue during the forecast period. In Europe, Germany, Norway, and Sweden are estimated to be the key players in the region. Growing demand for environment-friendly insulating materials in various end-use industries are driving the market in the region. Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.

The leading foam glass manufacturers are Owens Corning (US), Zhejiang Dehe Insulation Technology Co., Ltd. (China), Zhejiang Zhenshen Insulation Technology Corp. (China), UUSIOAINES OY (Finland), Glapor (Germany), MISAPOR (Switzerland), Polydros S.A.(Spain), Refaglass (Czech Republic), Earthstone International (US), and Anhui Huichang New Material Co., Ltd. (China).

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Data Triangulation
2.3 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Foam Glass Market
4.2 Foam Glass Market, By Type
4.3 Foam Glass Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Highest Form of Insulation for Industrial Purposes
5.2.1.2 Protection Against Fire and Longer Life
5.2.2 Restraints
5.2.2.1 Fragile and Susceptible to Vibration Induced Damage
5.2.3 Opportunities
5.2.3.1 Environmental Regulations Driving the Growth of Foam Glass
5.2.3.2 New Application Areas Providing Growth Opportunities
5.2.4 Challenges
5.2.4.1 High Cost of Foam Glass
5.2.4.2 Lack of Awareness
5.3 Porter's Five Forces
5.3.1 Threat of New Entrants(Moderate)
5.3.2 Threat of Substitute (High)
5.3.3 Bargaining Power of Supplier (Low)
5.3.4 Bargaining Power of Buyer (Moderate)
5.3.5 Competitive Rivalry (Moderate)

6 Foam Glass Market, By Type
6.1 Introduction
6.2 Open Cell
6.2.1 Use of Foam Glass In Dynamic Insulation Applications Is Driving the Consumption of the Open Cell Type
6.3 Closed Cell
6.3.1 High R-Value of Closed Cell Foam Glass Makes It the Dominant Insulation Type

7 Foam Glass Market, By Process
7.1 Introduction
7.2 Physical Process
7.2.1 Limited Availability of CRTS Is Affecting The Growth of the Segment
7.3 By Chemical Process
7.3.1 Chemical Foaming is the Dominant Process

8 Foam Glass Market, By Application
8.1 Introduction
8.2 Building and Industrial Insulation
8.2.1 Excellent Insulation Properties Make Foam Glass an Ideal Insulation Material in Building and Industrial Application
8.3 Chemical Processing System
8.3.1 Good Chemical Resistance Makes Foam Glass A Preferred Insulation Material in the Segment
8.4 Consumer Abrasive
8.4.1 Non-Toxic Foam Glass Finds Use as Abrasives
8.5 Others

9 Foam Glass Market, By End-Use Industry
9.1 Introduction
9.2 Building & Construction
9.2.1 Residential and Commercial Construction
9.2.1.1 Excellent Insulation Properties Make Foam Glass A Suitable Material for Residential and Commercial Construction
9.2.2 Civil Construction
9.2.2.1 Anti-Corrosion Properties of Foam Glass is Driving the Usage in Civil Construction
9.3 Industrial
9.3.1 Europe to Lead the Foam Glass Market in the Industrial Segment
9.4 Others

10 Foam Glass Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Newer Applications for Foam Glass Attracting New Entrants in the Foam Glass Market in the Us
10.2.2 Canada
10.2.2.1 Government Initiatives to Drive the Demand for Foam Glass in Canada
10.2.3 Mexico
10.2.3.1 Industrial Segment to Lead the Foam Glass Market in Mexico
10.3 APAC
10.3.1 China
10.3.1.1 Government Policy to Drive the Consumption of Foam Glass in China
10.3.2 Japan
10.3.2.1 Need for Energy Efficiency in Building and Industrial Application is Driving the Demand for Foam Glass in the Country
10.3.3 South Korea
10.3.3.1 Industrial End-Use Industry Segment to Lead the Foam Glass Market in South Korea
10.3.4 Rest of APAC
10.4 Europe
10.4.1 Germany
10.4.1.1 Renovation of Existing Buildings Will Drive the Market in Germany
10.4.2 Sweden
10.4.2.1 Growing Consumption of Natural Gas Will Drive the Foam Glass Market in Sweden
10.4.3 Italy
10.4.2.1 Growing Consumption of Natural Gas Will Drive the Foam Glass Market in Sweden
10.4.4 Norway
10.4.4.1 Government Policies Regarding Energy-Efficient Residential Buildings to Drive the Foam Glass Market During the Forecast Period
10.4.5 Rest of the Europe
10.5 Rest of World
10.5.1 Middle East & Africa
10.5.1.1 Increasing Awareness for Glass Recycling in the Region to Drive the Foam Glass Market During the Forecast Period
10.5.2 South America
10.5.2.1 Need For Energy-Efficient Acoustic Insulation Will Drive the Foam Glass Market in the Region

11 Company Profiles
11.1 Owens Corning
11.2 Zhejiang Zhenshen Insulation Technology Corp. Ltd. (ZES)
11.3 UUSIOAINES OY/Ltd.
11.4 Zhejiang DEHE Insulation Technology Co. Ltd. (DEHE)
11.5 Glapor
11.6 MISAPOR
11.7 Polydros
11.8 Earthstone International
11.9 Refaglass
11.10 Anhui Huichang New Material Co. Ltd.
11.11 Other Players
11.11.1 Liaver
11.11.2 Ningbo Yoyo Foam Glass Co. Ltd.
11.11.3 Stikloporas
11.11.4 Aero Aggregates
11.11.5 Veriso Schaumglass
11.11.6 Anglitemp
11.11.7 Specialty Products & Insulation (SPI)
11.11.8 Pinosklo
11.11.9 Geocell

For more information about this report visit https://www.researchandmarkets.com/r/5g2rk4

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Source: GlobeNewswire (August 6, 2019 - 7:09 AM EDT)

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