Cellular Glass - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Cellular Glass market is accounted for $485.42 million in 2018 and is expected to reach $721.38 million by 2027 growing at a CAGR of 4.5% during the forecast period. Some of the key factors propelling the market growth are rising demand for high-quality insulation for industrial purposes and security against fire and longer life. However, short of marketing of cellular glass is the restraining factor for the growth of the market.
Cellular glass is a kind of insulation that is composed of crushed glass and a material such as limestone or carbon. Because glass is a large part of its composition, it possesses some of the same advantages of glass. There are many applications for cellular glass. Cellular glass can be specifically shaped for insulating objects such as pipes or tanks. Cellular glass is used to produce insulation panels for structures. Other applications include cold storage and flotation devices. Cellular glass is not found naturally and must be man-made. To do this, glass is gathered and then broken down into a powder. Limestone or carbon is added to the glass. Once this mixture is created, it is baked at high temperatures. The baked mixture is then heat-treated and shaped.
By application, construction segment is expected to grow at the significant market share during the forecast period due to increasing use of thermal insulation material with high load-bearing capacity in the construction of buildings and other structures will continue driving the market growth. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to increasing use of cellular glass in construction projects in several countries in this region. The trend toward energy efficiency persists and stringent building codes, which increases the use of insulation in this region.
Some of the key players in Cellular Glass Market include Aotai, Earthstone, GLAPOR, Huichang New Material, JSC Gomelglass, Pittsburgh Corning, REFAGLASS, ShouBang, Xin Shun Da, YaHong, YongLi, Zhejiang DEHO, Zhengdi, ZhenShen and Zhong Tai Tian Cheng.
Product Types Covered:
• White Cellular Glass
• Black (Gray) Cellular Glass
• Multicolor Cellular Glass
• Blocks & Shells
• Foam Glass Gravels
• Heating Ventilation and Air-Conditioning
• Chemical Processing Systems
• Cryogenic Systems
• Heat Transfer Fluid Systems
• Oil & Gas Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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