Foam Glass Market Demand, Growth and Analysis 2025
Foam Glass Market Forecast
The Global Foam Glass Market is expected to grow at a CAGR of 5.8% during the forecast period and cross USD 2.5 billion by 2025.
Foam glass insulation is a rigid insulating material composed of sealed glass cells. This inorganic, all-glass, closed-cell structure provides an unmatched combination of physical properties ideal for the building application. Glass insulation products supports commercial and residential architecture and building projects which is driving the product demand.
Pricing Analysis
The foam glass insulation products are comparatively higher than other insulation production owing its manufacturing cost. The foam glass manufacturing machines are expensive which increases the price of foam glass. Moreover, the cost of installation of foam glass is also costly owing to the fragile nature of foam glass.
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Segmentation
By Type
- This segment is divided into open-cell foam glass and closed-cell foam glass. They are classified based on whether they have closed pores or open pores, with a gradual gradation from almost completely closed pores to almost completely open pores. Their fragility increases with the increase in open pores, but it also enhances its acoustic dampening abilities.
- Closed-cell foam glass is the larger market segment and has excellent heat insulation properties. It is used in manufacturing industries, in transportation (especially of oil), in chemical industries due to their high corrosion resistance and in buildings due to their heat insulation properties. Open-cell foam glass is used when sound dampening is required, especially in industries that use heavy machinery that generate noise.
By End-Use
- The industrial use of foam glass market is the fastest-growing segment, largely due to the developing manufacturing industries in the Asia-Pacific region which are driving the market for it.
- Offering unparalleled heat and sound insulation and resistance to chemical corrosion, foam glass finds utility in industries which use heavy machinery, require regulated heating, utilize corrosive chemicals and use cryogenic technology. Foam glass also finds wide utility in buildings and infrastructure where their use decreases heat dissipation by 25% and provides excellent noise cancellation.
By Process
- The chemical process of manufacturing foam glass is the predominant market within this segment. Chemically produced foam glass is easier to manufacture though it has lower porosity than the foam glass manufactured by a physical process. Chemically manufactured foam glass is made in various degrees of thickness with variable applicability.
- The physical manufacture of foam glass ensures a very high degree of porosity making it an excellent sound dampener but also increasing its fragility. It has specific applicability in sound dampening. Its manufacture depends on the availability of cathode ray tubes.
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