Cellular Glass Market
Report ID: SQMIG45I2262
Report ID: SQMIG45I2262
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Report ID:
SQMIG45I2262 |
Region:
Global |
Published Date: February, 2025
Pages:
193
|Tables:
114
|Figures:
69
Global Cellular Glass Market size was valued at USD 631.89 Million in 2024 and is poised to grow from USD 652.11 Million in 2025 to USD 839 Million by 2033, growing at a CAGR of 3.2% during the forecast period (2026–2033).
Increasing infrastructure development activity, growing emphasis on adoption of green construction practices, high demand for improved thermal insulation, and imposition of stringent fire safety regulations are forecasted to drive the sales of cellular glass going forward.
Infrastructure development activity driven by high industrialization and urbanization around the world is driving up the demand for construction materials such as cellular glass. Efforts to improve energy efficiency of buildings and launch of multiple new residential and industrial construction projects are also slated to benefit market development in the long run.
Increasing emphasis on sustainability around the world is driving up the adoption of cellular glass since it is made from 100% recycled glass. Efforts to reduce carbon emissions, rising consumer preference for sustainable practices, and growing adoption of circular economy practice are also estimated to bolster the global cellular glass market growth over the coming years. Growing demand for better thermal insulation in multiple applications is also creating a new business scope for cellular glass providers. Use of cellular glass as a high-performance insulating material in construction, refrigeration, and industrial applications is also estimated to boost revenue generation potential through 2032.
Fire safety is a crucial factor in the selection of building and industrial materials around the world. Cellular glass is non-combustible and provides superior fire protection as compared to plastic-based insulation materials or traditional insulation alternatives. Imposition and enforcement of stringent fire safety codes in industries, commercial buildings, and residences is also estimated to offer new opportunities for cellular glass suppliers. However, high initial costs compared to traditional alternatives, limited awareness in developing regions, energy-intensive manufacturing process, and economic slowdowns are predicted to impede revenue generation potential of companies across the study period and beyond.
Key Market Attributes
While there are many cellular glass companies operating in this industry, Owens Corning stands out due to its innovative offerings. Owens Corning is an American company known for supplying different types of construction materials such as cellular glass. In June 2022, Owens Corning revealed that it has completed the acquisition of a premium composite decking and structural lumber manufacturer known as WearDeck®. Through this move Owens strengthened its stance in the global composites business as WearDeck products are manufactured from high-density polyethylene (HDPE) leveraging Owens Corning’s glass fiber technology.
In Spring of 2022, Owens Corning announced the launch of FOAMGLAS Perinsul SIB (Structural Insulating Block). The new product is made from cellular glass to help eliminate thermal bridging beneath exterior masonry veneer walls. The new product is also quite lightweight and easy to install, which makes it an attractive proposition for construction companies looking for durable structures.
In May 2023, Schlüsselbauer (AT) and Reiling (DE) announced the merger of their German foam glass divisions under a joint venture titled Veriso GmbH & Co. KG headquartered in Knittlingen/Baden-Württemberg. Through this merger, the new entity formed has access and control of four foam glass furnaces at three production sites thereby making it a key foam glass producer and supplier in the European region. Through this merger, both companies are expected to boost their business by utilizing each other’s strengths.
Collaboration, mergers, and acquisitions are expected to emerge as an integral part of the global cellular glass industry in the future. Emphasis on product innovation is expected to help cellular glass providers stand out from the competition and boost their sales potential. New entrants in the market are expected to collaborate with established cellular glass companies to create a market presence and increase their sales. Acquiring innovations from start-ups can help cellular glass companies expand their business reach and bolster their dominance in the long run.
Market snapshot - 2026-2033
Global Market Size
USD 612.3 million
Largest Segment
Blocks & Shells
Fastest Growth
Sheets & Panels
Growth Rate
3.2% CAGR
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Global Cellular Glass Market is segmented by Product Type, Application and region. Based on Product Type, the market is segmented into Blocks & Shells, Foam Glass Gravels and Sheets & Panels. Based on Application, the market is segmented into Construction, Industrial and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
The blocks and shells segment is forecasted to account for a substantial chunk of the global cellular glass market share in the future. Exceptional thermal insulation and moisture resistance offered by cellular glass blocks and shells is allowing them to bring in the most revenue for market players. High compressive strength and fireproof properties also make cellular glass blocks a popular choice in different types of infrastructure projects requiring high durability from wear over a long period of time. Cold storage, roof insulation, basement walls, and green roofs are expected to extensively utilize cellular glass blocks and shells in the long run.
On the other hand, the sheets and panels segment is slated to account for the second-largest share of the global cellular glass industry through 2032. The long-lasting nature of cellular glass sheets and panels coupled with their easy installation is driving their adoption around the world. The high recyclability of cellular glass sheets and extensive application in multiple construction projects are slated to help generate new opportunities for market players. Developing lightweight cellular glass sheets and panels without compromising their structural integrity is a key area of interest for companies focusing on this segment across the study period and beyond.
Analysis by Application
The construction segment is anticipated to hold the largest global cellular glass market share over the coming years. Rapidly surging adoption of green building practices and green construction materials are helping this segment lead revenue generation for companies. Increasing investments in residential, commercial, and industrial infrastructure coupled with the launch of multiple new construction projects are also slated to bolster the demand for cellular glass. Imposition of stringent energy efficiency mandates for new buildings and high emphasis on fire safety are also estimated to create new opportunities for cellular glass providers in the long run. Developing countries are slated to be more opportune for companies focusing on construction applications.
Meanwhile, the demand for cellular glass in the industrial segment is anticipated to rise at a notable pace over the coming years. Rapidly increasing industrialization around the world and high resistance to chemicals and moisture are helping promote the use of cellular glass via this segment. Cellular glass features hermetically sealed glass cells that prevent radon penetration and make it suitable for certain specific industrial applications. Sound absorption qualities, effective use in temperature range of -450°F to 900°F, and eco-friendly nature of cellular glass are promoting its use in oil & gas, chemical, and petrochemical industry verticals.
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The Asia Pacific region is estimated to account for the highest share of the global cellular glass industry in the future. Rapidly increasing infrastructure development activity, launch of new smart city initiatives, and growing urbanization are estimated to help boost sales of cellular glass in this region going forward.
China is forecasted to bring in major revenue for cellular glass companies in this region owing to high adoption of green building practices, launch of multiple new construction projects, and rising awareness regarding the benefits of cellular glass adoption. Meanwhile, the sales of cellular glass in India are estimated to increase at an impressive CAGR over the coming years. Rising infrastructure development activities, growing industrialization, and efforts of government to promote sustainable construction are slated to offer new opportunities for companies operating in India.
Europe is forecasted to hold the second-largest share of the global cellular glass market going forward. Rapidly increasing use of green building practices, imposition of stringent energy efficiency mandates, and presence of multiple cold climate countries are driving the adoption of cellular glass in this region.
Presence of established chemical and industrial manufacturing facilities coupled with adoption of green building standards allow Germany to emerge as an opportune country in the European region. Meanwhile, the demand for cellular glass is also slated to have a bright outlook in Scandanavian countries such as Denmark, Norway, and Sweden owing to their impressive thermal insulation properties.
North America is also slated to play a significant role in governing the global cellular glass market forecast. Implementation of stringent building energy standards, rising willingness to spend on green construction materials, and launch of new residential and commercial construction projects are slated to boost the adoption of cellular glass in this region.
The United States is predicted to emerge as the prime market for cellular glass suppliers in the North American region. Efforts to replace conventional insulation materials and a high emphasis on safety in residential and industrial construction activities are also slated to uplift the sales of cellular glass in the country.
Growing investments in infrastructure development to support economic growth are estimated to bolster the demand for cellular glass in the Latin American region. Increasing industrialization, high versatility of cellular glass for multiple applications, and demand for high moisture resistance owing to high humidity environments are favoring market development potential in this region. Brazil, Argentina, and Mexico are projected to be key countries for cellular glass suppliers in the Latin American region through 2032 and beyond.
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Drivers
High Demand for Cold Chain Logistics Solutions
Advancements in Manufacturing Technologies
Restraints
High Initial Costs Compared to Alternative Materials
Challenges in Large Scale Production
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Cellular glass companies should focus on increasing affordability of their offerings to maximize their sales potential. Collaborations are also expected to play a crucial role in promoting product innovation for cellular glass companies going forward. Use of cellular glass in electric vehicles and EV charging infrastructure is slated to boost revenue generation for all companies as per this global cellular glass market analysis.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for green construction materials, high demand for improved thermal insulation solutions, and growing demand for cold chain logistics are projected to primarily drive the sales of cellular glass over the coming years. However, high initial costs and challenges in large-scale production are expected to slow down the adoption of cellular glass in the future. The Asia Pacific region is forecasted to spearhead the global cellular glass demand outlook owing to high investments in infrastructure development and growing use of green construction materials. Development of lightweight and high-performance cellular glass products can help companies stand out from the competition going forward. Focusing on construction application segment is expected to bring in the most revenue for cellular glass vendors through 2032.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 631.89 Million |
| Market size value in 2033 | USD 839 Million |
| Growth Rate | 3.2% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cellular Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cellular Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cellular Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cellular Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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