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Global Cellular Glass Market is valued at approximately USD 611.11 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 2.60% over the forecast period 2023-2030. Cellular glass is a type of insulation material known for its unique cellular structure. It is made from crushed glass combined with a foaming agent and heated until it expands into a rigid, closed-cell structure. The resulting material is lightweight, non-combustible, and highly resistant to moisture, making it ideal for insulation in a variety of applications, including buildings, pipelines, and industrial equipment. Cellular glass insulation offers excellent thermal performance, maintaining consistent temperatures and reducing energy costs. Additionally, its closed-cell structure makes it resistant to water absorption, ensuring long-term durability and preventing issues such as mold growth and structural degradation. The Cellular Glass market is expanding because of factors such as rising demand for energy-efficient buildings, growing industrial infrastructure development and increasing focus on sustainable materials.
As societies become more conscious of environmental sustainability and the need to reduce energy consumption, there's a growing emphasis on constructing buildings that are highly efficient in terms of energy usage. Cellular glass insulation plays a crucial role in this context due to its exceptional thermal insulation properties. By effectively minimizing heat transfer through walls, floors, and roofs, cellular glass helps buildings maintain consistent indoor temperatures, reducing the reliance on heating and cooling systems. According to the International Energy Agency (IEA), global investments in energy efficiency reached $560 billion in 2022. This includes investments in building renovations, public transport. Moreover, The Chinese government has placed significant emphasis on implementing its 13th Five Year Plan, which includes initiatives aimed at promoting green building practices. As part of its national climate commitment, China has set a target for 50% of all new buildings constructed by 2020 to attain green certification. As investments and initiatives for green buildings or energy-efficient building projects continue to rise there is a rising demand of Cellular Glass Market. In addition, technological advancements and product innovations as well as stringent building regulations and standards are creating new opportunities to the market growth. However, availability of alternatives stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cellular Glass Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the Growing Industrial Applications, rising Infrastructure Development, rising technological advancement, and rising spending on construction activities in the region. As of October 2022, the United States Green Building Council (USGBC) reported approximately 20,125 projects certified under LEED, alongside 21,068 Silver projects, 21,206 Gold projects, and 7,027 Platinum projects. Simultaneously, the US Energy Information Administration highlighted that residential and commercial sectors accounted for around 21 quadrillion Btu of energy consumption in 2021, constituting 28% of the nation's total end-use energy consumption. Recognizing the substantial energy demand stemming from buildings, the US government has unveiled plans to allocate USD 3.16 billion towards the transformation of approximately 450,000 homes in low-income areas into energy-efficient structures. Asia Pacific is expected to grow at a fastest rate during the forecast period, owing to factors such as rapid urbanization and infrastructure development, government initiatives and regulations, industrial expansion and infrastructure investments in the region.
Major market player included in this report are:
- Anhui Huichang New Material Co., Ltd.
- Earthstone International LLC
- Geocell Schaumglas GmbH
- Glapor Werk Mitterteich GmbH
- Misapor AG
- Owens Corning
- Polydros, S.A.
- REFAGLASS S.R.O.
- Stes-Vladimir
- Uusioaines OY
Recent Developments in the Market:
- In May 2023, Schlusselbauer and Reiling unveiled plans for the consolidation of their operations within the German cellular glass industry. To achieve this, they established Veriso GmbH & Co. KG, a joint venture where both companies hold an equal share.
- In January 2023, Owens Corning expanded its product line with the introduction of FOAMGLAS Perinsul SIB. This innovative addition to their portfolio serves as an advanced thermal bridging solution tailored for high-performance building applications.
Global Cellular Glass Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Blocks & Shells
- Sheets & Panels
- Foam Glass Gravels
By Application:
- Construction
- Industrial
- Chemical
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Cellular Glass Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Cellular Glass Market, by Product, 2020-2030 (USD Million)
- 1.2.3.Cellular Glass Market, by Application, 2020-2030 (USD Million)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Cellular Glass Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Cellular Glass Market Dynamics
- 3.1.Cellular Glass Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Rising demand for energy-efficient buildings
- 3.1.1.2.Growing industrial infrastructure development
- 3.1.1.3.Increasing focus on sustainable materials
- 3.1.2.Market Challenges
- 3.1.2.1.Availability of alternatives
- 3.1.2.2.Limited Availability of Raw Materials
- 3.1.3.Market Opportunities
- 3.1.3.1.Technological advancements and product innovations
- 3.1.3.2.Stringent building regulations and standards
Chapter 4.Global Cellular Glass Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Cellular Glass Market, by Product
- 5.1.Market Snapshot
- 5.2.Global Cellular Glass Market by Product, Performance - Potential Analysis
- 5.3.Global Cellular Glass Market Estimates & Forecasts by Product 2020-2030 (USD Million)
- 5.4.Cellular Glass Market, Sub Segment Analysis
- 5.4.1. Blocks & Shells
- 5.4.2.Sheets & Panels
- 5.4.3.Foam Glass Gravels
Chapter 6.Global Cellular Glass Market, by Application
- 6.1.Market Snapshot
- 6.2.Global Cellular Glass Market by Application, Performance - Potential Analysis
- 6.3.Global Cellular Glass Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 6.4.Cellular Glass Market, Sub Segment Analysis
- 6.4.1. Construction
- 6.4.2.Industrial
- 6.4.3.Chemical
- 6.4.4.Others
Chapter 7.Global Cellular Glass Market, Regional Analysis
- 7.1.Top Leading Countries
- 7.2.Top Emerging Countries
- 7.3.Cellular Glass Market, Regional Market Snapshot
- 7.4.North America Cellular Glass Market
- 7.4.1.U.S. Cellular Glass Market
- 7.4.1.1.Product breakdown estimates & forecasts, 2020-2030
- 7.4.1.2.Application breakdown estimates & forecasts, 2020-2030
- 7.4.2.Canada Cellular Glass Market
- 7.5.Europe Cellular Glass Market Snapshot
- 7.5.1.U.K. Cellular Glass Market
- 7.5.2.Germany Cellular Glass Market
- 7.5.3.France Cellular Glass Market
- 7.5.4.Spain Cellular Glass Market
- 7.5.5.Italy Cellular Glass Market
- 7.5.6.Rest of Europe Cellular Glass Market
- 7.6.Asia-Pacific Cellular Glass Market Snapshot
- 7.6.1.China Cellular Glass Market
- 7.6.2.India Cellular Glass Market
- 7.6.3.Japan Cellular Glass Market
- 7.6.4.Australia Cellular Glass Market
- 7.6.5.South Korea Cellular Glass Market
- 7.6.6.Rest of Asia Pacific Cellular Glass Market
- 7.7.Latin America Cellular Glass Market Snapshot
- 7.7.1.Brazil Cellular Glass Market
- 7.7.2.Mexico Cellular Glass Market
- 7.8.Middle East & Africa Cellular Glass Market
- 7.8.1.Saudi Arabia Cellular Glass Market
- 7.8.2.South Africa Cellular Glass Market
- 7.8.3.Rest of Middle East & Africa Cellular Glass Market
Chapter 8.Competitive Intelligence
- 8.1.Key Company SWOT Analysis
- 8.2.Top Market Strategies
- 8.3.Company Profiles
- 8.3.1. Anhui Huichang New Material Co., Ltd.
- 8.3.1.1.Key Information
- 8.3.1.2.Overview
- 8.3.1.3.Financial (Subject to Data Availability)
- 8.3.1.4.Product Summary
- 8.3.1.5.Recent Developments
- 8.3.2. Earthstone International LLC
- 8.3.3.Geocell Schaumglas GmbH
- 8.3.4.Glapor Werk Mitterteich GmbH
- 8.3.5.Misapor AG
- 8.3.6.Owens Corning
- 8.3.7.Polydros, S.A.
- 8.3.8.REFAGLASS S.R.O.
- 8.3.9.Stes-Vladimir
- 8.3.10.Uusioaines OY
Chapter 9.Research Process
- 9.1.Research Process
- 9.1.1.Data Mining
- 9.1.2.Analysis
- 9.1.3.Market Estimation
- 9.1.4.Validation
- 9.1.5.Publishing
- 9.2.Research Attributes
- 9.3.Research Assumption
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