Tuesday, 02 January 2024 12:17 GMT

Cellular Glass Market To Witness Robust Expansion Throughout The Forecast Period 2020-2027


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Cellular Glass Market

Cellular Glass market Size, Trends, Growth, Outlook 2020-2027

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.” - David CorreaPORTLAND, OR, UNITED STATES, February 7, 2025 /EINPresswire / -- As per the report Allied Market Research, the global cellular glass industry was estimated 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 report provides a detailed analysis of changing market dynamics, top segments, key investment pockets, competitive landscape, and regional scenario.

The Increased emphasis on energy efficiency and sustainability is a key factor driving market growth. Energy-efficient buildings have the primary advantage of being able to use less energy for heating and cooling, reduce greenhouse gas emissions, and lower operational costs. In addition, it contributes to reduced loss of heat or gain and thus lower energy consumption for temperature control due to its low conduction coefficient and moisture resistance.

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The market's growth is propelled by increasing utilization in construction and building applications, along with a rising demand for load-bearing applications. However, challenges such as fragility and susceptibility to induced damage due to vibrations, alongside the comparatively higher cost of cellular glass compared to other insulation materials, may impede market growth. Yet, the expanding adoption of cellular glass in various applications like building facades, pools, roof insulation, and floating blocks for submarine nets and ethylene plant pipes is anticipated to unlock numerous opportunities for market players in the foreseeable future.

Cellular glass, also referred to as foam glass, stands out as a lightweight, rigid, and durable material composed of sealed glass cells, widely used as a thermal insulation material. It boasts physical properties such as enhanced compressive strength, resistance to moisture, and high thermal & dimensional stability. Manufactured through a reaction between glass and carbon at elevated temperatures, cellular glass offers resistance against soil humidity and finds application in diverse sectors, including insulation of cryogenic systems and hot oil storage tanks.

The market's growth is further fueled by its utilization in insulating cryogenic to superheated industrial applications. Its corrosion protection, pest resistance, and incombustible properties make it an ideal insulation material for high-load-bearing applications, such as tanks containing LPG, LNG, LOX, ethylene, ammonia, and liquid nitrogen. Additionally, the growing need for industrial fire safety drives market growth.

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Market Dynamics:

Major Trend

Technological advancements in cellular glass production are a major trend in the market.
These innovations represent changes in the structure of cells, reduced temperature conductivity, and improved energy efficiency for buildings and industrial applications.
Furthermore, the durability and longevity of cellular glass products have improved as a result of new manufacturing techniques and formulations that allow them to be used for longer periods under harsh conditions.

Significant Challenge

The lack of standardization in cellular glass products is a significant challenge restricting market growth.
There can be differences in the quality of cell glass products from different manufacturers due to a lack of standardized testing methods as well as requirements for quality.
In addition, the performance of cell glass insulation may differ as a consequence of product standards that do not specify clear specifications on properties such as heat conductivity, compression strength, and moisture resistance.

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Key market players highlighted in the report include Amity Insulation Group Inc., Jahan Ayegh Pars Co., Benarx, and others, indicating a competitive landscape ripe with opportunities for innovation and market expansion.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.