Foam Glass Market Recent Opportunities with Growth 2022

Precision Business Insights published a research report on “Foam Glass Market: By Type (Closed Cell and Open Cell), By Process (Chemical Process and Physical Process), By Application (Consumer Abrasive, Chemical Processing System, Building and Industrial Insulation and Others), By End User (Industrial, Building & Construction and Others) and Geography - Global/Region/Country Forecast to 2028”.

Foam glass plate is an inorganic thermal insulation material made up of equal-sized cells. It has lightweight qualities as well as good insulation and acoustics. It's made mostly by heating a mixture of granulated or crushed glass with appropriate chemical foaming agents like limestone and carbon. A foam glass plate can be used in a variety of ways. It's utilised in a variety of industries, including chemicals, construction, and others, for cryogenic system insulation, elevated floor with finishing screed, and impact sound insulation, among many other things.

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The rise of the building and construction industry has been accelerated by rapidly rising urbanisation. The demand for efficient insulating materials is increasing as government rules to promote energy efficiency become more stringent. For example, the International Energy Conservation Code (IECC) in 2012 increased energy regulations by 35% over the 2006 IECC. Furthermore, the 2015 revision of the International Energy Conservation Code (IECC) is predicted to result in a 30 percent to 35 percent rise in insulation spending per unit, boosting the foam glass granulate industry. The building industry's demand for insulation materials has increased as the requirement for energy efficiency has grown. According to a study, heating and cooling systems consume around 50 percent to 60 percent of total energy consumption in established and emerging economies, with significant energy loss due to inadequate insulation. As a result of the rising need for efficient insulating materials, the foam glass granulate market will grow. Aside from that, the market for foam glass granulate will be fueled by the rise of the chemical and pharmaceutical industries.

On the basis of the Type, the market is segregated into White Foam Glass, Black (Grey) Foam Glass, and Others (Multicolor). In terms of the Application, the market is divided into Chemical Processing Systems, Cryogenic Systems, Commercial Piping, Heat Transfer Fluid Systems, and Building, and Others. In terms of End-user, the market is fragmented into Industrial, Building & Construction, and Others.

Due to substantial investments in China, India, and Japan's chemical and construction sectors, the Asia Pacific region is expected to account for a large part of the global market. In the near future, Asia Pacific's demand for environmentally friendly and cost-effective building structures is likely to boost the foam glass plate market. Due to advancements and severe government requirements connected to waste management in the region, as well as a focus on green building constructions, the European industry has seen significant growth. Insulation as well as building structures have seen moderate growth in the North American and Latin American sectors.

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Some of the major key players in the Foam Glass Market 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)

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