Press release

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

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

 

 
According to the recent report from Allied Market Research, the global cellular glass industry was valued at $501.0 million in 2019 and is predicted to reach $669.0 million by 2027, marking a Compound Annual Growth Rate (CAGR) of 4.7% from 2020 to 2027. The report offers an insightful analysis of evolving market dynamics, key segments, lucrative investment opportunities, competitive landscape, and regional trends.

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/A10150

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.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/A10150

Segmentation of the cellular glass market includes product type, type, application, and region. The block & shell segment dominated the market in 2019, accounting for approximately three-fourths of the global market, while the foam glass gravel segment is expected to witness the highest CAGR of 5.4% during the forecast period.

In terms of applications, construction held the largest share in 2019, contributing over two-fifths of the global cellular glass market. Conversely, the industrial segment is forecasted to exhibit the highest CAGR of 5.1% during the forecast period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/cellular-glass-market/purchase-options

Regionally, Asia-Pacific led the market in 2019, holding nearly half of the market share, while Europe is projected to experience the highest CAGR of 5.3% during the forecast period.

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.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
Toluene Market : https://www.alliedmarketresearch.com/toluene-market

Digital Textile Printing Market : https://www.alliedmarketresearch.com/digital-textile-printing-market

Extruded Polystyrene Insulation Materials Market : https://www.alliedmarketresearch.com/extruded-polystyrene-insulation-materials-market

liquid packaging carton market : https://www.alliedmarketresearch.com/liquid-packaging-cartons-market

Contact:
David Correa
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United States
Toll Free: 1-800-792-5285
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Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.


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