Foam Glass Industry In-Depth Study, Growing Strategies, Industry Segmentation

Posted by asmita rai on April 28th, 2021

Foam GlassIndustry Analysis

The Global Foam Glass industry 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.

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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Report :  https://www.marketresearchfuture.com/reports/foam-glass-market-8279

Regional Analysis

• North America: Market growth is driven by the high production of oil in the region. Increasing the application of foam glass insulation in oil refineries
• Europe: A well-established market. Increase in processed food manufacturing industries has increased in the region which requires foam glass for supporting machine and equipment.
• Asia-Pacific: The largest and fastest-growing regional market. Increase in foam glass insulation in residential building is expected to drive demand
• Latin America: The region is the largest producers of computers, automotive and oil. High insulation demand from manufacturing industry propelling regional growth
• Middle East & Africa: High oil and gas exploration activities in the region requires a large number of oil & gas refineries for processing and treating oil which is positively influencing the foam glass insulation demand.