Cellular Glass Market

Introduction of the Cellular Glass Market Report

Cellular glass is a kind of insulation that is composed of crushed glass and material such as carbon or limestone. It has the same advantages as glass because the majority of its composition include glass. Cellular glass can be specially shaped for insulating objects, such as tanks or pipes. Cellular glass is used for cold storage, floatation devices, and is also used to produce insulation panels for structures.

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Market Dynamic

Key Drivers and Emerging Trends

The key factors propelling the growth of the global cellular glass market are the increasing demand for the highest form of insulation for industrial purposes across the globe and the growing prevalence for the protection against fire. Moreover, cellular glass possesses a wide range of features, which include superior insulation properties, lightweight, non-flammable, corrosion-resistant, non-toxic, water & steam resistant and is environment friendly. It is easy to manage and offers low transportation costs. All these features are contributing to the growth of the global cellular glass market.

Governments of various developing nations are taking steps to reduce carbon emission, which increases the demand for cellular glass as it offers a very low carbon footprint. Furthermore, the mineral formulation of cellular glass makes it unbudgeable and resistant to chemical reactions, parasites, and worms. It is also used in proofing the petroleum tanks against fire. These factors play a vital role in augmenting the growth of the global cellular glass market.

Impact of COVID-19 on the Cellular Glass Market

The widespread outbreak of the coronavirus has slowed down industrial operations drastically as the governments have been effectively implementing lockdown practices. Moreover, the construction industry has also been ceased, which has negatively impacted the supply as well as the demand of the cellular glass. Furthermore, the production of cellular glass has also been affected due to the pandemic, thus restraining the growth of the global cellular glass market.

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Product Type – Segment Analysis

Based on the product type, the blocks & shells segment is anticipated to witness a faster CAGR over the forecast period. This is mainly attributed to the growing industrial and construction sectors. Blocks & shells are majorly used in roof insulations, pipelines, and storage tank insulation. Blocks have the ability to be cut into the desired form and can be installed accordingly. All these features are contributing to the growth of the blocks & shells segment in the global cellular glass market.

Application – Segment Analysis

On the basis of the application, the construction segment is expected to grow at a higher CAGR over the forecast period. There is an increase in the usage of thermal insulation material having a high load-bearing capacity in the construction of buildings and other structures. Furthermore, blocks & shells as well as foam glass gravels, have their application in the construction of buildings. These factors are significantly supplementing the growth of the construction segment in the global cellular glass market.

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Region – Segment Analysis

Based on the region, the Europe region is projected to grow at a higher CAGR during the forecast period. This is mainly due to the large number of ongoing and upcoming construction projects, which are increasing the demand for the use of cellular glass. For instance, the Fehmarn Belt Fixed Link is an ongoing project of building an 18km tunnel between Denmark and Germany. Besides, the growing usage of eco-friendly and sustainable insulation materials and the presence of a massive number of cellular glass manufacturers in European region, such as Misapor AG (Switzerland), POLYDROS, S.A. (Spain), REFAGLASS s.r.o. (Czech Republic), Uusioaines Oy (Finland), among others, is playing a crucial role in augmenting the growth of the cellular glass market in Europe.

Top Market Players

Various notable players operating in the market include Owens Corning, Misapor AG, Zhejiang Dehe Insulation Technology Co., Ltd., POLYDROS, S.A., REFAGLASS S.R.O., Anhui Huichang New Material Co., Ltd., Uusioaines Oy, GEOCELL Schaumglas GmbH, STES-Vladimir, and Stikloporas, among others.

Key Developments

• • In 2020, Owens Corning announced the acquisition of Pittsburgh, a global manufacturer of high performance and sustainable glass products for the energy, building, and industrial markets. This acquisition is aimed at providing the FOAMGLAS brand to all customers. 

Segments covered in the Report:

The global cellular glass market has been segmented on the basis of product type, application, and regions. Based on product type, the market is segmented into blocks & shells and foam glass gravels. Based on application, the market is segmented into construction, industrial, and others. 

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Key questions answered in this research report:

• • At what pace is global cellular glass market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in cellular glass market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global cellular glass market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various application areas of global cellular glass market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Owens Corning, Misapor AG, Zhejiang Dehe Insulation Technology Co., Ltd., POLYDROS, S.A., REFAGLASS S.R.O., Anhui Huichang New Material Co., Ltd., Uusioaines Oy, GEOCELL Schaumglas GmbH, STES-Vladimir, Stikloporas, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cellular Glass Market by Product Type

• • Blocks & Shells
  • Foam Glass Gravels

Global Cellular Glass Market by Application

• • Construction
  • Industrial
  • Others

Global Cellular Glass Market by Region

• • North America Cellular Glass Market (Option 1: As a part of the free 25% customization)
    • North America Cellular Glass Market by Product Type
    • North America Cellular Glass Market by Application
    • US Cellular Glass Market All-Up
    • Canada Cellular Glass Market All-Up
  • Europe Cellular Glass Market (Option 2: As a part of the free 25% customization)
    • Europe Cellular Glass Market by Product Type
    • Europe Cellular Glass Market by Application
    • UK Cellular Glass Market All-Up
    • Germany Cellular Glass Market All-Up
    • France Cellular Glass Market All-Up
    • Spain Cellular Glass Market All-Up
    • Rest of Europe Cellular Glass Market All-Up
  • Asia-Pacific Cellular Glass Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Cellular Glass Market by Product Type
    • Asia-Pacific Cellular Glass Market by Application
    • China Cellular Glass Market All-Up
    • India Cellular Glass Market All-Up
    • Japan Cellular Glass Market All-Up
    • Rest of APAC Cellular Glass Market All-Up
  • RoW Cellular Glass Market (Option 4: As a part of the free 25% customization)
    • RoW Cellular Glass Market by Product Type
    • RoW Cellular Glass Market by Application
    • Brazil Cellular Glass Market All-Up
    • South Africa Cellular Glass Market All-Up
    • Saudi Arabia Cellular Glass Market All-Up
    • UAE Cellular Glass Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Cellular Glass Market All-Up

Major Players Operating in the Cellular Glass (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Owens Corning
  • Misapor AG
  • Zhejiang Dehe Insulation Technology Co., Ltd.
  • POLYDROS, S.A.
  • REFAGLASS S.R.O.
  • Anhui Huichang New Material Co., Ltd.
  • Uusioaines Oy
  • GEOCELL Schaumglas GmbH
  • STES-Vladimir
  • Stikloporas