Stratview Research has published a new report titled “Cellular Glass Market” which is segmented by Product Type (Blocks & Shells, Foam Glass Gravels), by Application Type (Construction, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, cellular glass market is likely to witness a moderate CAGR of 3.0% during the forecast period. Factors that are contributing to the demand for cellular glass are requirement for excellent insulation properties for industrial applications, protection against fire, long life, and the imposition of stringent environmental regulations.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as blocks & shells and foam glass gravels. The blocks & shells segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The blocks can be cut into the desired form and can be installed accordingly in various applications such as storage tank insulation, pipelines, and roof insulation. Further, the growing construction and industrial industries and the flexibility of blocks & shells’ usage are propelling the growth of this segment.
Based on the application type, the cellular glass market is segmented as construction, industrial, and others. The construction application segment dominates the market, owing to the increasing usage of thermal insulation materials with high load-bearing capacity as used in residential, commercial, and civil construction and buildings. Further, the presence of stringent building codes and frost-free nature of cellular glass are driving the growth of this segment during the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, Europe is estimated to be the largest cellular glass market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing construction projects in several European countries, which is generating huge demand for cellular glass. Besides, increasing usage of sustainable and ecological friendly insulation materials, imposition of stringent regulations, and the presence of a large number of cellular glass manufacturers in the European region are the other major factors bolstering the market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Cellular Glass Market:
· Misapor AG, Polydros, S.A
· Refaglass S.R.O.
· Uusioaines OY
· Owens Corning
· Zhejiang Zhenshen Thermal Technology Co., Ltd.
Key questions answered by the report
- What is the projected CAGR for revenue from the Cellular Glass Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Cellular Glass Market?
- Which are the major market players?
Request a sample here- https://www.stratviewresearch.com/Request-Sample/838/cellular-glass-market.html#form
Custom Research:
Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Write a comment