Foam Glass Market is Poised to Grow at Significant a CAGR of 6.8% over 2019-2025
Posted by Shristi on March 17th, 2020
“The Global Foam Glass Market is poised to grow at significant a CAGR of 6.8% over 2019-2025 due to increasing constructional activities across the globe”
The global foam glass market is poised to grow at significant a CAGR of 6.8% over 2019-2025 and burgeoning over the forthcoming years. Some of the key factors influencing the market growth include increasing constructional activities across the globe, rise in the investments on the effective materials to boost the quality, growth of the chemical industry and gas industry, rising demand for foam glass from petroleum industries and need for the replacement of heavyweight materials with lightweight materials are some key factors fueling the market growth. However, factors such as high cost and lack of awareness regarding foam glass are hampering the market growth.
Global foam glass market segmented on the basis of type, process, application, end user and region.
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Based on type, global foam glass market segmented into closed cell and open cell. Open Cell held considerable market share during forecast period. This type of glass can be created with CaCO3 as foaming agent but the cells are still partly closed. There is a future for open cell glass foams based on waste glass.
Europe Leads the Global Foam Glass market
PBI’s global Foam Glass market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for higher revenue share in global foam glass market with considerable CAGR due to technological innovations, increasing demand for insulating materials which are environmental friendly in nature and encouraging guidelines led by the government for waste management. Further, Asia Pacific held substantial market share during estimated period as there is an growing investments in construction and chemical industries in developing countries like India and China. Demand for cost effective building and ecofriendly structures are also fueling the market growth in the region.
Strategic Acquisitions are the key strategies adopted by market players
Global Foam Glass market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In June 2017, Owens Corning acquired Pittsburg Corning. This helped Owens Corning to expand its portfolio of product offerings.
Key player’s profiles in the report are Anhui Huichang New Material Co.Ltd. (China), Earthstone international (US), Glapor (Germany), MISAPOR (Switzerland), Owens Corning (US), Polydros S.A.(Spain), Refaglass (Czech Republic), UUSIOAINES OY (Finland), Zhejiang Dehe Insulation Technology Co.Ltd. (China) and Zhejiang Zhenshen Insulation Technology Corp. (China)
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o Closed Cell
o Open Cell
o Chemical Process
o Physical Process
o Consumer Abrasive
o Chemical Processing System
o Building and Industrial Insulation
By End User
o Building & Construction
o North America
o Latin America
o Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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