According to IMARC Group latest report titled” Cellular Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on cellular glass market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global cellular glass market size reached US$ 537.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 680.3 Million by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Cellular Glass is an insulation material that is made from glass processed to create a cellular structure with sealed air-filled pockets and is designed to create a barrier to slow down heat transfer by trapping air within its closed-cell structure. It is a highly durable insulation material with a closed-cell structure that offers resistance to water, fire, and microbial elements, and also has a high compressive strength. Its low thermal conductivity makes it an effective insulator, which is helpful in reducing energy consumption and lowering heating and cooling costs. As a result, cellular glass finds extensive applications in roofing systems, walls and floors, pipes and ducts, cryogenic settings, and industrial equipment.

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Market Trends:

The global market is primarily driven by the rapid product utilization as an insulation material in the construction sector. This can be attributed to the escalating demand for energy-efficient and smart buildings. In line with this, the rising demand for industrial insulation applications in numerous end-use industries such as oil and gas, chemical, and power industries is also providing an impetus to the market. Moreover, favorable governments initiatives  promoting the usage of energy-efficient and sustainable building materials is also creating lucrative growth opportunities in the market. Additionally, continual technological advancements in the manufacturing process of cellular glass, such as the use of advanced foaming agents and the development of improved product variants with higher strength and better thermal insulation is further creating a positive market outlook. Some of the other factors contributing to the market include the growing demand for moisture and fire resistant construction materials, rapid urbanization, and extensive research and development (R&D) activities.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Amity Insulation Group Inc.
  • Benarx
  • Jahan Ayegh Pars Co.
  • Langfang Chaochem Thermal Insulation Materials Co. Ltd.
  • Owens Corning
  • Pinosklo
  • Polydros Sociedad Anonima (S.A.)
  • 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:

  • Construction
  • Industrial
  • Others

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 (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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