USD 2.20 billion
Foam Glass Market Size, Share, Growth Analysis, By Product type,(Board, Slab, Pipe Sections, and Loose Fill), By Application(Building Insulation, Industrial Insulation, HVAC Systems, and Oil & Gas Pipelines.), By End-use Industry(Construction, Oil & Gas, Chemical, and Automotive), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2081 |
Region:
Global |
Published Date: May, 1990
Pages:
184
|Tables:
93
|Figures:
79
Foam Glass Market Insights
Global Foam Glass Market size was valued at USD 2.20 billion in 2022 and is poised to grow from USD 2.32 billion in 2023 to USD 3.59 billion by 2031, growing at a CAGR of 5.60% during the forecast period (2024-2031).
Over the past few years, technologies that affect both construction and insulation have heated up. As a lightweight material with excellent insulation properties, foam glass has become widely used in different areas. Energy efficiency in buildings has become increasingly important, which is driving demand for more advanced insulation materials. A preferred choice due to their high thermal performance are foam glasses. In developing regions, active construction activities also drive demand for durable and sustainable building materials that will continue to push the foam glass market forward.
Second, developed regions such as North America and Europe have an advanced awareness of energy-efficient building practice, so they are early adopters in terms of using foam glass insulation. Even with long-term energy savings, the high initial costs can be a big inhibitor for widespread application in price sensitive markets.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Board Slab
Fastest Growth
Pipe Sections
Growth Rate
5.60% CAGR
Global Foam Glass Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Foam Glass Market Segmental Analysis
The global Foam Glass market is segmented into four major segments i.e. by Product Type, Application, End-use Industry, and region. Based on Type, it is divided into Board, Slab, Pipe Sections, and Loose Fill. Based on Application, it is bifurcated as Building Insulation, Industrial Insulation, HVAC Systems, and Oil & Gas Pipelines. Based on the Distribution channel it is segregated into Construction, Oil & Gas, Chemical, and Automotive. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Type
With its application flexibility in roofing, flooring and wall-insulation use, Board and Slab has traditionally enjoyed a relatively large market share. It is their adaptability to different construction needs which makes them the dominant choice. The latter are widely used in the construction market, which is a driving force for this sector of foam glass. A greater focus on energy-efficient building materials also strengthens the prevalence of board and slab forms.
As industrial settings place growing importance on energy efficiency, use of foam glass pipe insulation is gradually extending. Oil & gas and chemical are among industries requiring effective insulation of pipelines. Special industrial applications can require foam glass pipe sections, which possess thermal stability and corrosion resistance. These unique qualities have helped drive the segment's fast growth.
Analysis by Application
As a result of the greater interest today in energy-saving construction techniques, building insulation becomes ground zero as far as foam glass is concerned. Solutions for board-type and slab forms of building insulation are key to raising the thermal performance in buildings. High-performance insulation materials like foam glass find application in construction projects all around the world, where there are stringent building codes and regulations that focus on energy conservation.
Demand for effective insulation solutions is being spurred on by the industrial sector's increasing awareness of energy efficiency and sustainability. Industrial applications raise requirements for thermal stability which foam glass, especially in the form of pipe insulation, can meet. The industrialization trend and introduction of various chemicals, including those used in oil & gas production, has helped increase demand for this application. In fact it is the fastest growing type through 2013-an annual growth rate approaching fifteen percent on average over every five years.
Global Foam Glass Market By Type
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Foam Glass Market Regional Insights
Asia-Pacific is undergoing rapid urbanization and increasingly large volumes of construction activity, spurring demand for energy efficient building materials such as foam glass. It is also the most active market in terms of construction, due to increased population. Some nations in the Asia-Pacific region have adopted strict building codes and energy efficiency programs, making it a stronger force.
The Middle East & Africa region is currently seeing major construction of infrastructure. The greatest growth region is this rush in infrastructure activities that increase the need for effective insulation products. Energy efficiency and sustainability are of interest across the Middle East & Africa, which also provides a context for foam glass.
Global Foam Glass Market By Region
- Largest
- Fastest
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Foam Glass Market Dynamics
Drivers
Increasing Demand for Energy-efficient Construction Materials
- The rising need for energy-efficient construction materials. foam glass, famous for its excellent insulating properties; meets the rapidly growing demand in building construction. Another factor is the huge surge of construction activities, particularly in developing areas. Additionally, stringent building codes and regulations emphasizing energy efficiency act as catalysts, encouraging the adoption of foam glass insulation solutions.
Restraints
High Initial Costs Associated with Foam Glass Insulation
- High initial investment is one of the main market restrictions for foam glass insulation. The material is economical in the long-term, from an energy standpoint, but this may act as prohibitive to cost conscientious markets. One obstacle is that end-users and contractors have limited awareness of the benefits, uses, material costs and processing method for foam glass. Only then can the market realize its full potential within insulation as a whole. Overcoming these obstacles requires concerted action to dispel concerns about cost and increase industry awareness.
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Foam Glass Market Competitive Landscape
The global foam glass market features a competitive landscape characterized by the active participation of key industry players striving for market share and prominence. Established companies in the sector exhibit a strong commitment to research and development to introduce innovative foam glass solutions. Technological advancements play a crucial role, with companies continuously improving manufacturing processes to enhance the material's properties and application versatility.
Top Player’s Company Profiles
- General Mills
- Kellogg's
- Post Holdings
- Mondelez International
- Hershey
- Mars
- Nestle
- Ferrara Candy Company
- Haribo
- Jelly Belly Candy Company
- Just Born Quality Confections
- Trolli
- Albanese Confectionery Group
- The Jelly Bean Factory
- Surf Sweets
- Stretch Island Fruit Company
- Annie's Homegrown
- Bobo's Oat Bars
- LaraBar
- KIND Snacks
- Clif Bar & Company
- Quest Nutrition
- RXBAR
Recent Developments
- July 2023: Well known for its portfolio of acquisitions, Sheela Foam is making history by announcing two deals at the same time. The acquisition is expected to be completed by November, subject to regulatory approval.
- January 2023: Family-controlled foam glass concerns Schlüsselbauer (AT) and Reiling (DE), are merging to bring their German operations under one roof. From that initiative the collaborative entity Veriso GmbH & Co. KG has been formed The shareholders retain equal 50 % stakes in the newly-formed company
Foam Glass Key Market Trends
- Rising Emphasis on Eco-friendly Construction Practices: The growing emphasis of sustainable and environmentally friendly building techniques. Because of its exceptional energy efficiency and recyclability, foam glass falls right in with the growing trend toward environmentally friendly building materials. New technological processes in preparing foam glass also permit better product performance and wider applications.
Foam Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
In the global foam glass market, key industry players are actively seeking markets and attempting to establish some semblance of a foothold. Innovative foam glass solutions mean a strong commitment to research and development by established companies in the sector. Technological development is extremely important. In this way, firms constantly try to improve manufacturing processes and make the material even better suited for a variety of applications.
What’s Included
NA
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.20 billion |
| Market size value in 2031 | USD 3.59 billion |
| Growth Rate | 5.60% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Foam Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Foam Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Foam Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Foam Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Foam Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Foam Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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