Cellular Glass Market Outlook - 2027
The global cellular glass market was valued at $501.0 million in 2019, and is projected to reach $669.0 million by 2027, growing at a CAGR of 4.7% from 2020 to 2027. The growth of the cellular glass market is driven by expanding construction activities in emerging economies, where energy-efficient and durable insulation materials are in high demand. In addition, the oil and gas industry increasingly adopts cellular glass for pipeline insulation due to its superior thermal resistance, moisture resistance, and durability. These factors collectively enhance the appeal of cellular glass across various industries, supporting its widespread adoption and market expansion.
Cellular glass, also known as foam glass, is a lightweight, stiff, and robust material composed of sealed glass cells that is widely used as thermal insulation material. It exhibits physical properties such as enhanced compressive strength, resistance to moisture, and high thermal & dimensional stability. Cellular glass is manufactured through reaction between glass and carbon at elevated temperature. Owing to its permeability, it offers resistance against soil humidity. In addition, it can be used in other applications such as insulation of cryogenic systems and insulation of hot oil storage tanks.
The growth of construction activities in emerging economies is significantly driving the demand for cellular glass. As urbanization and industrial development accelerate, there is rise in need for energy-efficient and sustainable building materials. Cellular glass, known for its excellent thermal insulation, durability, and resistance to moisture and chemicals, is becoming a preferred choice in residential, commercial, and industrial projects. Emerging economies are investing heavily in infrastructure development, including green buildings and energy-efficient structures, further boosting the adoption of cellular glass as a reliable and eco-friendly insulation material.
However, fragility concerns pose a significant restraint on the growth of the cellular glass market. Cellular glass, while offering excellent insulation and resistance to fire and moisture, is inherently brittle, making it susceptible to damage during transportation, handling, and installation. This characteristic increases the risk of product wastage and increases the overall project costs. Industries requiring durable and impact-resistant materials are expected to opt for alternative insulation solutions, limiting the adoption of cellular glass in certain applications and hindering its market expansion.
Rise in demand for sustainable construction materials presents a significant opportunity for the cellular glass market. As the construction industry shifts towards eco-friendly solutions, cellular glass, known for its excellent insulation properties, durability, and recyclability, becomes increasingly favored. It is widely used in energy-efficient buildings, offering superior thermal and acoustic insulation while being lightweight and fire-resistant. In addition, its environmental benefits align with green building standards, making it a preferred choice for modern, sustainable construction projects.
The cellular glass market analysis is done based on product type, type, application, and region. Depending on the product type, the market is classified into block & shell and foam glass gravel. By type, it is segregated into open glass and closed glass. The applications covered in the study include construction, industrial, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share in the global market, followed by North America and Europe. The major companies profiled in this report include Langfang Chaochem Thermal Insulation Materials Co. Ltd., Owens Corning, Amity Insulation Group Inc., SZECO Insulation Technology Co., Ltd., Zhejiang Zhenshen Insulation Technology Corp., Ltd., Zhejiang Dehe Insulation Technology Co., Ltd., Benarx, Jahan Ayegh Pars Co., Pinosklo, and Polydros Sociedad Anonima (S.A.).
Cellular Glass Market, By Region
The Europe cellular glass market size is projected to grow at the highest CAGR of 5.3% during the forecast period and accounting for 25.0% of cellular glass market share. This is attributed to rise in use of loose fill cellular glass in water capillary tubes as an insulation barrier and underground drainage construction. In addition, set up of various test plans by European government to enhance the physical properties of cellular glass.
By Region
Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Cellular Glass Market, By Product Type
In 2019, the blocks & shell segment was the largest revenue generator, and is anticipated to grow at CAGR 4.5% during the forecast period. This is attributed to the fact that block shaped concrete cellular is a lightweight aerated concert block that is widely used in construction sector for building compound walls and loading & non-loading bearing walls. However, the foam glass gravel segment is predicted to grow with 5.4% CAGR.
By Product Type
Foam glass gravel segment is projected as the most lucrative segment.
Cellular Glass Market, By Type
In 2019, the open glass segment garnered the highest revenue, and is anticipated to grow at CAGR 5.2% in the forecast period. This is attributed to the fact that open cellular glass exhibits high porosity level, high sound absorption coefficient, and high heat insulation, and can be recycled. However, the closed glass segment is dominated the market share in 2019 by generating a revenue of $339.0 million.
By Type
Open glass is projected as the most lucrative segment.
Cellular Glass Market, By Application
In 2019, the construction segment led the global market, and is anticipated to grow at CAGR of 4.5% during forecast period. Cellular glass market trend such as its application in construction sector such as roof insulation, exterior wall insulation, and insulation of rooftops for mission critical buildings. However, the industrial segment is anticipated to grow with XX% CAGR during the forecast period.
By Application
Industrial application is projected as the most lucrative segment.
Key benefits for stakeholders
- The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Analyst Review
The cellular glass is a widely utilized material in construction and industrial applications. Besides mainstream application industries, cellular glass usage in other applications such as insulation of low temperate piping, oxygen circulation pipes, ethylene plant piping, and severe fluctuating temperature range pipes is predicted to offer lucrative growth opportunities in the future. Use of cellular glass for green roof construction is another factor favorable for the growth of the global market. Consumer need for improved building quality, reliability in thermal insulation, and environment-friendly insulation products is augmenting the market growth. In addition, technological advancements for manufacturing of cellular glass from bio-waste generated by food industry is predicted to augment the demand of the global market.
The chemical industry includes use of water pipe that runs various chemicals at cryogenic temperature range. These pipes require insulation material that offers enhanced fire resistance, physical strength, and superior load bearing capacity. Adoption of cellular glass for insulation of industrial pipes that serves cryogenic process fluids has augmented the growth of the global market. Key players in the market are developing cellular glass that is capable of withstanding thermal shock generated due to temperature fluctuations in the process pipes. In addition, owing to its permeability, it is widely preferred for insulating underground circulating pipes and all other equipment that require insulation. This is not only gaining immense attention in the market but is also emerging as a key strategy in terms of gaining additional market demand.
Cellular Glass Market Report Highlights
| Aspects | Details |
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 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Amity Insulation Group Inc., Pinosklo, Langfang Chaochen Thermal Insulation Materials Co. Ltd., Zhejiang Dehe Insulation Technology Co., Ltd., Benarx, Jahan Ayegh Pars Co., SZECO Insulation Technology Co., Ltd., Polydros Sociedad Anonima (S.A.), Owens Corning, Zhejiang Zhenshen Insulation Technology Corp., Ltd. |
Analyst Review
The cellular glass is a widely utilized material in construction and industrial applications. Besides mainstream application industries, cellular glass usage in other applications such as insulation of low temperate piping, oxygen circulation pipes, ethylene plant piping, and severe fluctuating temperature range pipes is predicted to offer lucrative growth opportunities in the future. Use of cellular glass for green roof construction is another factor favorable for the growth of the global market. Consumer need for improved building quality, reliability in thermal insulation, and environment-friendly insulation products is augmenting the market growth. In addition, technological advancements for manufacturing of cellular glass from bio-waste generated by food industry is predicted to augment the demand of the global market.
The chemical industry includes use of water pipe that runs various chemicals at cryogenic temperature range. These pipes require insulation material that offers enhanced fire resistance, physical strength, and superior load bearing capacity. Adoption of cellular glass for insulation of industrial pipes that serves cryogenic process fluids has augmented the growth of the global market. Key players in the market are developing cellular glass that is capable of withstanding thermal shock generated due to temperature fluctuations in the process pipes. In addition, owing to its permeability, it is widely preferred for insulating underground circulating pipes and all other equipment that require insulation. This is not only gaining immense attention in the market but is also emerging as a key strategy in terms of gaining additional market demand.
Rising utilization of cellular glass in construction sector and load bearing application such as storage tanks, insulation of cold pipes, and LNG pipes
The cellular glass market size is projected to reach $669.0 million by 2027.
Amity Insulation Group Inc., Benarx, Jahan Ayegh Pars Co., Langfang Chaochen Thermal Insulation Materials Co. Ltd., Owens Corning, Pinosklo, Polydros Sociedad Anonima (S.A.), SZECO Insulation Technology Co. Ltd., Zhejiang Dehe Insulation Technology Co. Ltd., and Zhejiang Zhenshen Insulation Technology Corp. Ltd. are the top companies in the cellular glass market.
Construction industry is projected to increase the demand of cellular glass market
Closed glass segment is leading segment in cellular glass market
Utilization of cellular glass in building facades, pools, roof insulation, and floating blocks is the major growth factor in the global market.
Construction and industrial applications are expected to drive the demand of cellular glass market
COVID-19 will impact negatively on the global cellular glass market. This is attributed due to • The COVID-19 pandemic has negatively affected the global economy and is subsequent shrinking the GDP in global economies, thereby changing consumer spending patterns globally. • Various restrictions implemented by government bodies to curb the spread of virus have triggered problems such as shortage of raw materials, dearth of skilled labour, and disruption in supply chain. • Construction sector is the major consumer of cellular glass product, however, it has been negatively impacted, due to the outbreak of the COVID-19 pandemic, owing to project termination, notice requirements, entitlement for time extensions, and cost escalation. • Another major consumer of cellular glass is the oil & gas industry, which further has witnessed significant decline in growth rate, thereby limiting the demand for cellular glass. • Major oil consuming nations such as the U.S., China, and India are majorly affected with coronavirus. In addition, aviation is the major consumer of oil; however, implementation of travel restrictions has significantly reduced the consumption and production of oil.
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