(I-BusinessNews.Com, November 20, 2019 ) Market Overview
• Foam glass is a porous glass foam material. Its benefits as a building material include its light weight, high strength, and thermal and acoustic insulating properties. The physical characteristics of water absorption and moisture absorption create the advantages of non thermal insulation, no corrosion and no leakage, and extend the service life of the whole system.
• It is prepared by heating a mixture of crushed or granulated glass and a blowing agent (chemical foaming agent) such as carbon or limestone. Near the melting point of the glass, the blowing agent releases a gas, producing a foaming effect in the glass. After cooling the mixture hardens into a rigid material with gas-filled closed-cell pores comprising a large portion of its volume.
Market Dynamics
• The control of the heating rate is one of the most important factors in optimizing the foam glass product. The foam glass wall insulation material is one of the new environmental protection Insulation Materials, which has the characteristics of environmental protection, safety, comfort and economy. It not only continues the long-term use of ordinary glass, but also brings us more new functions. Usually foam glass is used on the wall decoration, because it can not only absorb heat but also absorb a lot of noise pollution for us, so it is called green environmental protection new material by many industries. The exterior wall Cellular Glass can be quickly ingested when used, because the non-toxicity of the material itself is also very popular.
• However, Huge cost of foam glass is the key restraint hampering the market growth worldwide.
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Market Segmentation
• By Type, the global foam glass market is classified into open cell, closed cell, white foam glass and others. Others is again divided into multicolour and black foam glass. The global foam glass market size by closed cell was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Closed-cell structure provides an unmatched combination of physical properties ideal for piping and equipment above ground, as well as underground, indoors or outdoors, at operating temperatures from -450°F to +900°F (-268°C to +482°C).
• Pittsburgh Corning, LLC. Has launhed FOAMGLAS® ONE™ insulation. This has a homogeneous, closed cell glass structure that resists moisture in both liquid and vapor forms and results in long term, constant insulating efficiency. FOAMGLAS® ONE™ insulation is free of CFC’s and HCFC’s and has been formally recognized as an ecologically friendly, sustainable construction material.
• By End Use Industry, the global foam glass market is divided into commercial, residential and industrial. The global foam glass market size by commercial segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
• By application, the global foam glass market is segmented into chemical processesing system, building and industrial insulation, cryogenic systems and others. Others include commercial piping and building. The global foam glass market size by chemical processing system was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
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Geographical Analysis
• The Europe foam glass market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Europe is expected to be the one of the major market shareholder in the forecast period. Increasing interest and demand for environment-friendly insulating materials in different end-use industries are the major driving factors for the market growth. Norway, Sweden and Germany are the key economies to grab huge market share in the Europe region.
• Manufactures are focusing to acquire the companies inorder to expand their market size in Europe. For instance, Owens Corning announced that it has signed an agreement to acquire Pittsburgh Corning, the world’s leading producer of cellular glass insulation systems for commercial and industrial markets. The acquisition of Pittsburgh Corning will further expand Owens Corning’s commercial and industrial product offering and grow our presence in Europe.
Competitive Landscape
• The Foam Glass market is competitive with existing players in the market. Some of the major players include Refaglass, Geocell, Glapor, AeroAggregates, Ningbo Yoyo Foam Glass Co., Ltd, Misapor AG, Earthstone International, Pinosklo, Glavel and Beijing ShouBang New Materials Co., Ltd.
• Manufactures are focusing to acquire the companies inorder to expand their market size.
• For instance, Owens Corning announced that it has signed an agreement to acquire Pittsburgh Corning, the world’s leading producer of cellular glass insulation systems for commercial and industrial markets
• In January 2019, AeroAggregates announced that it has opened a second kiln as it increases production of the foamed glass aggregate it now sells in parts of the Northeast.
• In Vermont, Burlington-based Glavel is currently importing foamed glass from a German manufacturer but plans to open a 12,000-square-foot plant in St. Albans, Vermont, next year as it sees increased demand ahead.
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