Foam Glass Market Size To Reach $3.13 Billion By 2030

Foam Glass Market Growth & Trends

The global foam glass market size is anticipated to reach USD 3.13 billion by 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for foam glass in residential building is driving market growth.

Foam glass is a highly efficient insulation material commonly used in residential buildings. Due to its excellent insulation properties, it helps in regulating the temperature inside the building, making it more energy-efficient and cost-effective. Foam glass is also lightweight, durable, and resistant to water, fire, and pests, which makes it a popular choice for insulation in residential buildings.

Open-cell foam glass is a porous material that can absorb sound and reduce heat transfer. It is lightweight and has good compressive strength, making it suitable for various applications. With its open-cell structure, it allows for the easy flow of air and other gases. Overall, it is a versatile and beneficial product that can be used in a variety of applications.

North America is one of the key markets for foam glass; it holds around 22% of the global market share. Demand for the product is primarily driven by new residential construction, repair, and remodeling activities, as well as commercial and industrial construction activities in the U.S., Canada, and Mexico.

The global market is highly competitive. Companies in the industry are pursuing mergers and acquisitions to grow their businesses. For instance, in May 2023, Schlüsselbauer and Reiling, two family-run companies in the foam glass sector, merged their German operations to form a new company called Veriso GmbH & Co. KG.

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Foam Glass Market Report Highlights

• Based on application, the industrial segment led the market with the largest revenue share of 46.0% in 2023. This products is used for insulation in piping, chemical processing systems, and fire safety

• Based on application, the building and construction segment is expected to grow at the fastest CAGR during the forecast period. The rising investment in renovation and green buildings is expected to drive the growth of this segment

• Europe dominated the market with the revenue share of 30.4% in 2023. Favorable government regulations are driving the adoption of building insulation materials in the region due to their ability to lower energy consumption, as well as the increasing adoption of various green building standards

• China held the market with the revenue share of 31.0% in Asia Pacific. The market growth is attributed to rising investment in various industries such as petrochemicals, manufacturing, and commercial & residential building construction

Foam Glass Market Segmentation

Grand View Research has segmented the global foam glass market report based on deposit, application, and region:

Foam Glass Deposit Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Open Cell Foam Glass

• Closed Foam Glass

Foam Glass Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Industrial

• Building & Construction

• Other

Foam Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players in the Foam Glass Market

• AeroAggregates of North America

• LLC

• Dehe Technology Group Co., Ltd

• GLAPOR

• Jahan Ayegh Pars Company

• Mike Wye Ltd

• Owens Corning

• PINOSKLO cellular glass

• Shanghai Metal Corporation

• Uusioaines Oy

• REFAGLASS