Cellular Glass Market worth $618 million by 2025 | Key players Atlas Owens Corning (US), Misapor AG (Switzerland), Zhejiang Zhenshen Thermal Technology Co., Ltd (China).

According to recent market research the "Cellular Glass Market by Product Type (Blocks And Shells, And Foam Glass Gravels), Application (Construction, Industrial, and Consumer Abrasive), and Region (North America, Europe, Asia-Pacific, Rest of World) - Global Forecast to 2025" The global cellular glass market size is projected to reach USD 618 million by 2025 from the estimated USD 520 million in 2020 at a CAGR of 3.5% between 2020 and 2025. High-quality insulation for industrial purposes and protection against fire and long life are the driving factors for the growth of the cellular glass market. Also, environmental regulations and new application areas are projected to boost the demand for cellular glass in the coming years.

Browse 64 market data Tables and 35 Figures spread through 109 Pages and in-depth TOC on "Cellular Glass Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cellular-glass-market-121052324.html

The blocks & shells segment dominated the cellular glass market in 2019 on account of the growing construction and industrial sectors. According to industry experts, blocks & shells can be used on both the horizontal, slanted, or vertical surfaces but foam glass gravels can be used only on horizontal surfaces. In addition, blocks & shells find application in storage tank bases, roof insulation, wall insulation, foundation slabs, pipelines, and pipe joints, whereas foam glass gravels are used in backfills, foundation, and landscaping. Thus, all these factors drive the demand for blocks & shells.

The construction application accounted for the largest share of the market in 2019. This was because of the increasing use of thermal insulation material with high load-bearing capacity in the construction of buildings and other structures. In addition, there are stringent building codes in regions such as Europe and North America regarding fire resistant and ecological insulation products, and this drives the demand for cellular glass. In addition, the frost-free nature of cellular glass is another factor driving its demand in cold countries.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121052324

Europe led the cellular glass market in 2019. The presence of major manufacturers of cellular glass in Europe accompanied by the awareness of the product is the factor driving the demand for cellular glass in the region. In addition, as the region is cold, and there exist stringent regulations regarding the use of sustainable and ecological friendly insulation material, the market for cellular glass is increasing.
Moreover, growing demand for cellular glass in countries such as Norway, Sweden, and Denmark, in construction application due to its excellent load-bearing capacity and frost-free nature, is another factor driving the demand for cellular glass. Furthermore, the presence of oil-producing giants in countries such as Russia is another factor driving the demand for cellular glass in the region.

Owens Corning (US), Misapor AG (Switzerland), Zhejiang Zhenshen Thermal Technology Co., Ltd (China), Zhejiang Dehe Insulation Technology Co., Ltd. (China), Jahan Ayegh Pars Company (Iran), POLYDROS, S.A. (Spain), REFAGLASS s.r.o. (Czech Republic), Uusioaines Oy (Finland), Steinbach Schaumglas GmbH & Co. KG (Germany), Earthstone International LLC (US), GEOCELL Schaumglas GmbH (Germany), STES-Vladimir (Russia), German Geo Construction GmbH (Germany), Benarx (Norway), Anhui Huichang New Material Co., Ltd.(China), Liaver GmbH & Co. KG (Germany) and GLAVEL, Inc. (US) are the leading manufacturers of cellular glass. These companies are focusing on increasing their market reach and strengthen their market position.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=121052324

Owens Corning is one of the largest manufacturers of cellular glass for thermal insulation. It almost has a monopoly on the cellular glass market. Owens Corning is mainly into the making of blocks and shells. It develops a solution that saves energy and improves comfort in commercial and residential buildings. In the insulation segment, it is capitalizing on the US residential recovery and global commercial & industrial market growth. The company focusses on acquisition to remain competitive in the market. It acquired the company, Pittsburgh Corning, in July 2017 that supplies cellular glass under the name FOAMGLAS. The company aims to maintain its strong position in the market by using special raw materials for making the cellular glass.

Misapor AG (Switzerland), German Geo Construction GmbH (Germany), Steinbach Schaumglas GmbH & Co. KG (Germany), and GEOCELL Schaumglas GmbH (Germany) are few of the largest manufacturers for foam glass gravels. Most of the companies are producing foam glass gravels and are majorly present in Europe. These foam glass gravels are mostly made by 100% recycling glass, which makes it cheaper than the blocks & shells.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/cellular-glass.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/cellular-glass-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.