Cellular Glass Market Size

Global Cellular Glass Market size was valued at USD 612.3 million in 2023 and is poised to grow from USD 631.89 million in 2024 to USD 812.98 million by 2032, growing at a CAGR of 3.2% during the forecast period (2025-2032). 

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.