Foam Glass Market Overview:
Foam glass is a lightweight, high strength and porous glass foam material. It is produced by heating a mixture of granulated glass and a foaming agent, generally carbon or limestone. At melting temperature the blowing agent releases gas with a foaming effect in the glass. Comprising large portion of volume with gas filled pores into a rigid material which is hardened after cooling. The glass has longer life and it is resistant to corrosion and moisture along with fireproof. It also acts as sound absorption and decorative materials depending on the properties while manufacturing. Based on the type, the foam glass market is segmented into black and white foam glasses. Both have respective varied applications where white foam glass has high demand in this market. The end users of the market are chemical, construction, commercial piping, cryogenic systems, heat transfer fluid systems and other industries. The construction & building sector is leading the foam glass market demand.
Foam Glass Market Drivers and Restraints:
The demand of this material in petroleum, refrigeration and construction industries are mainly driving the foam glass market. Foam glasses have significant properties where they can withstand at high temperatures and fire resistant, making them widely applicable in military and defense sectors, which are additional factors for propelling the demand of this market. The advanced technologies are accomplishing its usage in agriculture and chemical industries, boosting up the foam glass market growth. However, the shortage of raw material fluctuates the price of the end user products, declining the growth of the market. Also, the lack of knowledge in usage of the advanced technologies is remained as challenging factor.
Foam Glass Market Geographical Segmentation:
Geographically, the foam glass market is segmented into North America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is dominating the market owing to huge demand in construction sectors and raising awareness programs in the industries regarding the advantages of this material. Following Asia Pacific, North America and Europe are leading the foam glass market shares with quick adoption of the latest technology and implementing in various sectors. Middle East and Africa are elevated to have fastest growth of this market in the coming years.
Foam Glass Market Major Key vendors are mentioned in this report:
Pittsburgh Corning, GLAPOR, Earthstone, JSC Gomelglass, REFAGLASS, Zhejiang DEHO, Huichang New Material, YaHong, ZhenShen, Zhong Tai Tian Cheng, Zhengdi, ShouBang, Xin Shun Da, YongLi and Aotai are some prominent players in the foam glass market.
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