According to IMARC Group latest report titled” Cellular Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Cellular Glass Market report to grow at a CAGR of around 5% during 2021-2026. Cellular glass refers to an insulation material of sponge-like appearance that is made using crushed glass and limestone or carbon at high temperatures. It is chemically inert, lightweight, and fiber-free and has excellent mechanical properties and a superior cellular structure compared to other types of insulation materials. Due to its high thermal conductivity and compressive strength, cellular glass is used to insulate water pipes, tanks, and flat roofs covered with bitumen. It also finds wide usage as a barrier against soil humidity owing to its impermeability.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The rising demand for sustainable insulating materials with low ecological impact in industrial insulation systems is driving the growth of the market. Cellular glass offers durability, sustainability, safety, and long-term economic benefits for industrial equipment and piping. Furthermore, as it is resistant to water and non-corrosive in nature, cellular glass is extensively used in above and below ground water pipes. Additionally, due to its non-combustible and moisture-resistant properties, cellular glass is also utilized to produce insulation panels for fireproof buildings and green roofs. Moreover, as cellular glass insulation provides low energy costs, its application is expanding in cold storage devices across the globe. This, in turn, is anticipated to bolster the market growth over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amity Insulation Group Inc.
- Jahan Ayegh Pars Co.
- Langfang Chaochem Thermal Insulation Materials Co. Ltd.
- Owens Corning
- Polydros Sociedad Anonima (S.A.)
- REFAGLASS TRADE s.r.o.
- SZECO Insulation Technology Co., Ltd.
- Zhejiang Dehe Insulation Technology Co. Ltd
- Zhejiang Zhenshen Insulation Technology Corp. Ltd
Cellular Glass Market Segmentation:
Our report has categorized the market based on region, product type, type and application.
Breakup by Product Type:
- Block and Shell
- Foam Glass Gravel
Breakup by Type:
- Open Glass
- Closed Glass
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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