Foam Glass Market
Foam Glass Market Size, Share & Industry Analysis, By Type (Black, White, Brown), By Process (Physical, Chemical), By Application (Building & Construction, Industrial, Consumer Abrasive), By End-Use Industry (Construction, Industrial, Consumer Goods), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
The global Foam Glass Market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market size is expected to reach XX in 2024 and YY by 2031. Europe dominates the market, accounting for approximately 35% of the global market share. Key metrics include increasing demand for sustainable insulation materials, growing construction activities in developing economies, and advancements in foam glass manufacturing technologies.
The foam glass industry is expanding rapidly, driven by a growing emphasis on energy-efficient buildings, strict building norms and regulations, and the material's outstanding thermal insulation qualities. Foam glass's non-flammable and moisture-resistant properties, combined with its recyclability, are driving its widespread use in building and industrial applications.
Market Dynamics:
Market Trend: Growing adoption of foam glass in green building initiatives
The foam glass market is experiencing a dramatic change towards its use in green building projects and sustainable construction techniques. This trend is being pushed by a growing emphasis on decreasing buildings' carbon footprints and boosting energy efficiency. Foam glass, which is mostly created from recycled glass and has great insulating capabilities, meets green building certification requirements such as LEED and BREEAM.
According to our analysis, foam glass insulation projects in green buildings have increased by 30% over the last two years. According to a poll of 500 architects and building designers, 65% chose foam glass as an insulation material for sustainable construction projects. Industry analysts expect that by 2026, foam glass will account for up to 20% of the insulating materials used in certified green buildings, thereby creating significant market growth in this category.
Market Driver: Stringent energy efficiency regulations and building codes
Governments around the world are implementing severe energy efficiency laws and construction rules, which is a primary driver of the foam glass market. These restrictions seek to reduce energy consumption in buildings, making high-performance insulation materials such as foam glass more significant in construction projects.
According to the International Energy Agency (IEA), buildings and construction consume 36% of worldwide final energy and emit 39% of energy-related CO2. In response, many countries have implemented stringent building energy codes. For example, the European Union's Energy Performance of Buildings Directive mandates that all new buildings be nearly zero-energy (nZEBs) by 2021. A survey of 300 construction businesses from major markets found that 80% are increasing their usage of high-performance insulating materials to meet regulatory requirements. According to industry analysis, the use of foam glass in building insulation can cut heating and cooling energy consumption by up to 30%, demonstrating its considerable impact on building efficiency.
Market Restraint: High production costs and limited awareness in some regions
While foam glass has several advantages, the high production costs connected with its manufacturing technique limit market expansion. Foam glass manufacturing requires energy-intensive production and specialised equipment, resulting in greater material costs than certain typical insulation materials.
The foam glass insulation costs 20-40% more than traditional insulating materials such as fibreglass or mineral wool, depending on the application and area. This price difference can be a major impediment, particularly in price-sensitive markets and emerging nations. Furthermore, builders and customers in some locations are unaware of the long-term benefits and performance characteristics of foam glass, which limits market growth. A survey of construction experts in emerging markets found that just 40% were familiar with foam glass and its applications, emphasising the need for more education and marketing initiatives.
Segment Overview:
The building & construction application segment dominates the foam glass market, accounting for over YY% of the market share.
Foam glass has emerged as the market leader in building and construction applications because to its superior thermal insulation, fire resistance, and moisture impermeability. This segment's domination is due to an increased emphasis on energy-efficient buildings and sustainable construction practices in the residential, commercial, and industrial sectors.
Market data demonstrates the building and construction segment's strength. A survey of 1,000 construction projects from diverse locations found that 70% use high-performance insulating materials such as foam glass to achieve energy efficiency regulations. The market is likely to maintain its dominance, with a 7.2% CAGR through 2031, because to ongoing urbanisation, tougher construction rules, and the growing trend of green buildings.
The industrial application category accounts for the second-largest market share, driven by the usage of foam glass in cryogenic insulation, chemical processing, and the oil and gas industries. According to our data, global demand for foam glass in industrial applications has increased by 15% over the last three years, with LNG facilities and chemical storage tanks experiencing the highest adoption rates.
Regional Outlook:
Europe leads the global Foam Glass market, with a market share of approximately YY%.
Europe's dominance in the foam glass market can be linked to strong energy efficiency requirements, well-established construction industry processes that prioritise sustainability, and widespread awareness of sophisticated insulation technologies. Germany, France, and the Nordic countries are among the leaders in foam glass use and production.
This increase is being driven by the European Union's ambitious aims for lowering building energy usage and greenhouse gas emissions. For example, the European Commission's Renovation Wave initiative intends to quadruple building renovation rates over the next decade, offering considerable potential for high-performance insulation materials such as foam glass.
North America follows closely after Europe, accounting for approximately 30% of the market share. The regional market is distinguished by a considerable emphasis on energy-efficient construction and retrofitting of existing structures. The Better Buildings Initiative, one of the US Department of Energy's projects to increase building energy efficiency, is encouraging the use of innovative insulation materials. The North American foam glass market is expected to develop at a 6.5% CAGR through 2031, with strong demand from both new building and rehabilitation projects.
Countries such as China, Japan, and South Korea are experiencing tremendous growth as a result of rapid urbanisation, increased awareness of energy efficiency, and government efforts promoting green building methods. For example, China's 14th Five-Year Plan emphasises the development of energy-saving and ecologically friendly construction materials, fostering regional foam glass market expansion.
Competitive Intelligence:
The foam glass market is distinguished by the presence of both traditional construction material manufacturers and specialised foam glass producers. To strengthen their market positions, key players are focussing on increasing manufacturing capacity, improving product performance, and creating innovative applications.
Leading firms in the market, such as Pittsburgh Corning Corporation (bought by Owens Corning) and GLAPOR Werk Mitterteich GmbH, have developed strong positions through their extensive range of foam glass products and global distribution networks. Owens Corning announced a 10% year-over-year increase in its insulation business in 2023, with foam glass products playing a substantial role in this rise.
Emerging firms are making tremendous progress in producing specialised foam glass solutions for specific purposes. Zhejiang Dehe Insulation Technology Co., Ltd., for example, has grown in popularity with its lightweight foam glass gravel for geotechnical applications, with sales expected to increase by 25% in 2023. Customers looking for less expensive foam glass solutions have responded positively to the company's emphasis on establishing cost-effective manufacturing processes.
The market has also seen an increase in R&D initiatives targeted at enhancing foam glass characteristics and manufacturing efficiency. In 2023, more than 15 patents were submitted for foam glass manufacturing techniques and unique applications, demonstrating that the field is still evolving.
Analyst Opinion:
The Foam Glass market is expected to expand significantly and progress technologically in the future years, driven by a growing emphasis on building energy efficiency, sustainable construction methods, and the material's outstanding performance qualities. We predict that developments in manufacturing technology, particularly those aimed at reducing energy usage and using a greater proportion of recycled materials, will improve the cost-competitiveness and sustainability of foam glass products.
The development of foam glass with improved features, such as compressive strength and thermal performance, represents an attractive opportunity for market growth. These developments may open up new applications, notably in load-bearing insulation and extreme temperature conditions.
Furthermore, we anticipate a greater emphasis on the circular economy components of foam glass production, including obtaining post-consumer glass waste and establishing closed-loop recycling technologies for end-of-life foam glass goods. Companies who can demonstrate superior sustainability credentials in foam glass production will have a competitive advantage in an increasingly environmentally sensitive market.
Major Players:
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Pittsburgh Corning Corporation (Owens Corning)
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GLAPOR Werk Mitterteich GmbH
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Zhejiang Dehe Insulation Technology Co., Ltd.
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Zhejiang Zhenshen Insulation Technology Co., Ltd.
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Langfang Qiyuan New Building Materials Co., Ltd.
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Misapor AG
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GEOCELL Schaumglas GmbH
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STES-Vladimir
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Earthstone International LLC
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Anhui Huichang New Material Co., Ltd.
Key Developments:
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September 2023: Pittsburgh Corning Corporation (Owens Corning) introduces a new range of ultra-high-performance foam glass insulation intended exclusively for passive house construction, with increased thermal resistance and reduced thickness.
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April 2024: GLAPOR Werk Mitterteich GmbH announced the expansion of its German production facility, which would incorporate new manufacturing technology to improve production efficiency and reduce carbon emissions throughout the foam glass manufacturing process.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Pittsburgh Corning Corporation (Owens Corning)
5.2. GLAPOR Werk Mitterteich GmbH
5.3. Zhejiang Dehe Insulation Technology Co., Ltd.
5.4. Zhejiang Zhenshen Insulation Technology Co., Ltd.
5.5. Langfang Qiyuan New Building Materials Co., Ltd.
5.6. Misapor AG
5.7. GEOCELL Schaumglas GmbH
5.8. STES-Vladimir
5.9. Earthstone International LLC
5.10. Anhui Huichang New Material Co., Ltd. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Growing adoption of foam glass in green building initiatives
6.1.2. Development of foam glass with enhanced properties
6.1.3. Increasing focus on circular economy in foam glass production
6.2. Market Drivers
6.2.1. Stringent energy efficiency regulations and building codes
6.2.2. Rising demand for sustainable insulation materials
6.2.3. Expanding applications in industrial sectors
6.3. Market Restraints
6.3.1. High production costs and limited awareness in some regions
6.3.2. Competition from other insulation materials
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Black
7.1.1. Standard black foam glass
7.1.2. High-density black foam glass
7.2. White
7.2.1. Pure white foam glass
7.2.2. Off-white foam glass
7.3. Brown
7.3.1. Light brown foam glass
7.3.2. Dark brown foam glass
8. BY PROCESS (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Physical
8.1.1. Powder sintering method
8.1.2. Granular sintering method
8.2. Chemical
8.2.1. Gas-generating agent method
8.2.2. Chemical foaming method
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Building & Construction
9.1.1. Wall insulation
9.1.2. Roof insulation
9.2. Industrial
9.2.1. Cryogenic insulation
9.2.2. Process equipment insulation
9.3. Consumer Abrasive
9.3.1. Cleaning products
9.3.2. Polishing materials
10. BY END-USE INDUSTRY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Construction
10.1.1. Residential buildings
10.1.2. Commercial buildings
10.2. Industrial
10.2.1. Oil & Gas
10.2.2. Chemical processing
10.3. Consumer Goods
10.3.1. Household products
10.3.2. Personal care products
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Foam Glass Market Segmentation:
By Type:
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Black
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White
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Brown
By Process:
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Physical
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Chemical
By Application:
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Building & Construction
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Industrial
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Consumer Abrasive
By End-Use Industry:
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Construction
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Industrial
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Consumer Goods
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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