Reports and Data have recently published a novel report on the global Foam Glass Markets to provide details about ongoing and upcoming activities in the Foam Glass industry. The global market is expected to reach USD 2.53 Billion in 2028 from USD 1.70 Billion in 2020 with a CAGR of 5.1%. The research report offers in-depth information about market share, market size, revenue growth, drivers, restraints, limitations, growth opportunities, and top companies in the market.
Foam glass is a non-toxic and lightweight insulation material that can be utilized in a variety of applications. It has excellent thermal insulation capabilities and does not react with most chemicals or other substances, and thus it does not degrade as quickly as traditional materials. Foam glass is also significantly more environmentally friendly than other insulating materials because it does not require nearly as much energy to manufacture. Foam glass is used to fire-proof petrochemical tanks, as well as insulate hot and cold tanks and chemical processing system pipes.
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Expansion of the construction industry in countries including India, the UK, the US, and China as a result of growing population leading to large-scale investments in construction projects such as retail malls, residences, hotels, offices, and municipal infrastructures. Market revenue growth is also increasing due to growing consumer inclination towards lightweight insulation materials and higher adoption of foam glass in construction, owing to its desirable characteristics such as high tensile strength and lightweight nature.
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Foam Glass market is extremely competitive and comprises key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
The top 10 leading companies profiled in the report include Owens Corning, Zhejiang Dehe Insulation Technology Co., Ltd., Earthstone international, POLYDROS, S.A., Liaver GmbH & Co. KG, Stikloporas, Anglitemp Ltd, Sun Refractories, Refaglass, and ICM Glass Kaluga LLC.
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Black (Gray) Foam Glass
White Foam Glass
Building & Industrial Insulation
Chemical Processing Systems
Heat Transfer Fluid Systems
Building & Construction
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What is the expected market size of the global Foam Glass markets during the forecast period?
Which key factors are expected to fuel market growth throughout the forecast period?
Which factors are expected to hamper the growth of the global Foam Glass markets between 2021 and 2028?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
Which region is expected to register the fastest revenue CAGR over the forecast period?
Which leading players are operating in the global Foam Glass markets?
What are the key outcomes of SWOT analysis and Porter’s Five Force model?
Foam Glass Market Segmentation Based on Regions:
Middle East & Africa
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Reports and Data | Web: www.reportsanddata.com
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Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports