Detailed Analysis of the Foam Glass Market
Market Overview:
The foam glass market has experienced significant growth in recent years, driven by increasing demand for energy-efficient and environmentally friendly building materials. Foam glass, a lightweight and durable insulating material made from recycled glass, is highly valued for its excellent thermal insulation, acoustic properties, and chemical resistance. It is commonly used in construction, industrial applications, and cold storage facilities.
Foam glass is a lightweight, porous, and durable insulating material made primarily from recycled glass. It is manufactured by heating finely ground glass powder mixed with a foaming agent, such as carbon or limestone, at high temperatures. During the heating process, the foaming agent releases gas, creating a network of small, sealed bubbles within the glass, which results in a rigid, foam-like structure when cooled.
Foam Glass Market size was estimated at USD 2.39 billion in 2023 and is projected to grow at a CAGR of 5.3%
| Report Attributes | Details |
| Study Period | 2023 to 2033 |
| Base Year | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | AeroAggregates of North America, LLC Dehe Technology Group Co., LTD GLAPOR Jahan Ayegh Pars Company Mike Wye Ltd Owens Corning PINOSKLO cellular glass Shanghai Metal Corporation Uusioaines Oy REFAGLASS Others |
| SEGMENTS COVERED | By Type, By Application, By End User and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Key Properties of Foam Glass:
Thermal Insulation: Excellent thermal resistance due to its closed-cell structure, making it ideal for insulating buildings and industrial equipment.
Non-Combustible: Fire-resistant and does not emit toxic fumes when exposed to high temperatures.
Chemical Resistance: Resistant to most chemicals, including acids and solvents.
Waterproof: Its closed-cell structure prevents water absorption, providing superior moisture protection.
Lightweight and Durable: Despite being lightweight, foam glass is strong and has a long service life.
Eco-Friendly: Made from recycled glass, contributing to waste reduction and sustainability.
Applications of Foam Glass:
Construction: Used as an insulation material for walls, roofs, and floors in both commercial and residential buildings.
Industrial Insulation: Applied in petrochemical plants and chemical processing industries for insulating pipelines, storage tanks, and equipment.
Cryogenic Applications: Effective in environments requiring extreme temperature control, such as liquefied natural gas (LNG) storage facilities.
Cold Storage: Ideal for refrigeration and cold storage facilities where thermal insulation is crucial.
Landscaping and Geotechnical Applications: Sometimes used as a lightweight fill material in construction projects.
Foam glass stands out for its combination of thermal efficiency, environmental benefits, and resistance to fire and chemicals, making it a highly sought-after material in various industries.
Market Drivers:
Sustainability Trends: The growing emphasis on sustainable construction materials has fuelled the adoption of foam glass. As it is primarily made from recycled glass, it supports the circular economy and reduces waste.
Energy Efficiency Requirements: Stricter building codes and energy efficiency regulations are pushing the demand for high-performance insulating materials like foam glass.
Industrial Applications: Foam glass is widely used in industries such as petrochemicals and cryogenics, where thermal insulation is critical.
Fire Resistance and Durability: The non-combustible and chemically inert nature of foam glass makes it an attractive choice for applications requiring high safety standards.
Market Challenges:
High Production Costs: The manufacturing process of foam glass can be energy-intensive, leading to higher production costs compared to traditional insulation materials.
Competition from Alternatives: The market faces competition from other insulating materials such as mineral wool, expanded polystyrene, and polyurethane foam.
Limited Awareness: Despite its benefits, foam glass remains a relatively niche product, and limited awareness among end users can hinder market growth.
Market Segmentation:
By Product Type:
Closed-cell Foam Glass
Open-cell Foam Glass
By Application:
Building & Construction
Industrial Insulation
Chemical Processing
Cold Storage
Others
By End-User Industry:
Construction
Oil & Gas
Petrochemical
Pharmaceutical
Food & Beverage
Regional Analysis:
North America:
North America holds a significant share of the foam glass market, driven by stringent energy efficiency regulations and strong demand from the industrial sector.
Europe:
Europe is a major market for foam glass, supported by the region’s focus on sustainable construction practices and the presence of well-established manufacturers.
Asia-Pacific:
The Asia-Pacific region is expected to witness the fastest growth due to rapid industrialization, urbanization, and increasing awareness of energy-efficient building materials.
Latin America and Middle East & Africa:
These regions are emerging markets for foam glass, with growing investments in infrastructure development and industrial projects.
Competitive Landscape:
Key players in the foam glass market are focusing on product innovation, capacity expansion, and strategic partnerships to strengthen their market position. Major companies include:
Owens Corning
Pittsburgh Corning (now part of Owens Corning)
GLAPOR Werk Mitterteich GmbH
Zhejiang DEHO Co., Ltd.
Misapor AG
JSC Gomelglass
Refaglass
Recent Developments:
Several manufacturers are investing in advanced production technologies to reduce energy consumption and production costs.
Partnerships and collaborations with construction companies are on the rise to promote the adoption of foam glass in building projects.
Future Outlook:
The foam glass market is expected to grow steadily over the next decade. Key trends shaping the market include increased adoption in green building projects, technological advancements in manufacturing processes, and the expansion of industrial applications.
Conclusion:
Foam glass is a versatile and sustainable insulating material with significant growth potential across various industries. While challenges such as high production costs and competition from alternatives persist, the market's future looks promising due to rising demand for energy-efficient and eco-friendly materials. Companies that invest in innovation and strategic partnerships will likely gain a competitive edge in this dynamic market.
Foam Glass Market Segments
By Deposit
Open Cell Foam Glass
Closed Foam Glass
By Application
Industrial
Building & Construction
Other
Foam Glass Market Players
AeroAggregates of North America, LLC
Dehe Technology Group Co., LTD
GLAPOR
Jahan Ayegh Pars Company
Mike Wye Ltd
Owens Corning
PINOSKLO cellular glass
Shanghai Metal Corporation
Uusioaines Oy
REFAGLASS
Others
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Manufacturing Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technology
3.7.5. Environmental
3.7.6. Legal
Chapter 4. Foam Glass Market: Deposit Estimates & Trend Analysis
4.1. Foam Glass Market: Deposit Movement Analysis, 2023 & 2030
4.2. Opened Cell Foam Glass
4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.3. Closed Cell Foam Glass
4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Foam Glass Market: Application Estimates & Trend Analysis
5.1. Foam Glass Market: Application Movement Analysis, 2023 & 2030
5.2. Insulation
5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3. Building & Construction
5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Other
5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Foam Glass Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis, 2023 & 2030
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.5. Italy
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.7. UK
6.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.5. Japan
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.6. India
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2. Market estimates and forecasts, by deposit, 2018 - 2030 (Kilotons) (USD Million)
6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Global Recent Developments, By Key Market Participants
7.2. Kraljic Matrix
7.3. Company Ranking Analysis
7.4. Heat Map Analysis
7.5. Vendor Landscape
7.5.1. List of raw material suppliers
7.5.2. List of distributors
7.5.3. List of other prominent manufacturers
7.5.4. List of prospective end-users
7.6. Strategy Mapping
7.7. Company Profiles/Listing
7.7.1. AeroAggregates of North America, LLC
7.7.1.1. Company Overview
7.7.1.2. Financial Performance
7.7.1.3. Product Benchmarking
7.7.2. Dehe Technology Group Co., LTD
7.7.2.1. Company Overview
7.7.2.2. Financial Performance
7.7.2.3. Product Benchmarking
7.7.3. GLAPOR
7.7.3.1. Company Overview
7.7.3.2. Financial Performance
7.7.3.3. Product Benchmarking
7.7.4. Jahan Ayegh Pars Company
7.7.4.1. Company Overview
7.7.4.2. Financial Performance
7.7.4.3. Product Benchmarking
7.7.5. Mike Wye Ltd
7.7.5.1. Company Overview
7.7.5.2. Financial Performance
7.7.5.3. Product Benchmarking
7.7.6. Owens Corning
7.7.6.1. Company Overview
7.7.6.2. Financial Performance
7.7.6.3. Product Benchmarking
7.7.7. PINOSKLO cellular glass
7.7.7.1. Company Overview
7.7.7.2. Financial Performance
7.7.7.3. Product Benchmarking
7.7.8. Shanghai Metal Corporation
7.7.8.1. Company Overview
7.7.8.2. Financial Performance
7.7.8.3. Product Benchmarking
7.7.9. Uusioaines Oy
7.7.9.1. Company Overview
7.7.9.2. Financial Performance
7.7.9.3. Product Benchmarking
7.7.10. REFAGLASS
7.7.10.1. Company Overview
7.7.10.2. Financial Performance
7.7.10.3. Product Benchmarking
Foam Glass Market Segments
By Deposit
Open Cell Foam Glass
Closed Foam Glass
By Application
Industrial
Building & Construction
Other
Foam Glass Market Players
AeroAggregates of North America, LLC
Dehe Technology Group Co., LTD
GLAPOR
Jahan Ayegh Pars Company
Mike Wye Ltd
Owens Corning
PINOSKLO cellular glass
Shanghai Metal Corporation
Uusioaines Oy
REFAGLASS
Others
