GITNUX MARKETDATA REPORT 2024

Foam Glass Industry Statistics

The foam glass industry is expected to see steady growth in the coming years driven by increasing demand for sustainable construction materials.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore a comprehensive analysis of the foam glass industry, backed by a series of statistics shedding light on various aspects of the market. From market size and growth projections to regional dominance and application trends, these statistics offer valuable insights into the dynamics shaping the foam glass market globally.

Statistic 1

"The global foam glass market size was estimated at USD 1.86 billion in 2018."

Statistic 2

"Over the projected time frame from 2020 to 2025, the foam glass market is projected to grow at a CAGR of over 3.5%."

Statistic 3

"In 2020, Europe dominated the foam glass market with a share of 45.2%."

Statistic 4

"Asia-Pacific is expected to register the highest growth rate within the foam glass market, mainly due to growing infrastructure in China, India, and Southeast Asian countries."

Statistic 5

"Foam glass granulates segment accounted for the largest share of around 60% in the foam glass market in 2019."

Statistic 6

"The foam glass market in building & industrial insulation application is projected to reach USD 1.21 billion by 2025."

Statistic 7

"In 2017, the foam glass market in oil & gas industry application was worth USD 472.1 million."

Statistic 8

"In 2017, the manufacturing of foam glass added a value of 13.4 million to the US economy."

Statistic 9

"China is the leader in foam glass production, holding over 58% of the market share."

Statistic 10

"High density foam glass is expected to grow at a CAGR of 3.54% during the forecast period of 2020-2025."

Statistic 11

"The percentage of net sales for foam glass products in the U.S. increased by 11% in 2021."

Statistic 12

"In the UK, the foam glass market was worth an estimated £43 million in 2019."

Statistic 13

"Russia is one of the significant regional markets where the foam glass market reflects a high growth rate of 4.3% between 2019 to 2025."

Statistic 14

"Industrial insulation is the largest application of foam glass, accounting for nearly 58% of total market revenue in 2018."

Statistic 15

"In Germany, the foam glass market size was EUR 18.6 million in 2018 and is projected to reach EUR 30.5 million by 2026."

Statistic 16

"The percentage of net sales for foam glass products in Asia-Pacfic region increased by 9.5% in 2021."

Statistic 17

"The foam glass market in building & construction sector is projected to grow at a CAGR of 52.0% from 2022 to 2026."

Statistic 18

"The revenue of foam glass market in Latin America was valued at USD 178.5 million in 2019."

Statistic 19

"Poland's foam glass market is expected to grow at CAGR of 55.0% from 2021 to 2026."

Statistic 20

"The Middle East & Africa foam glass market Size was valued at USD 92.3 Million in 2019 and is forecast to grow at a CAGR of 5.64% from 2020 to 2027."

The foam glass market is experiencing significant growth globally, with key regions like Europe and Asia-Pacific driving market expansion. China leads in foam glass production, while emerging markets like Russia and Poland show promising growth trajectories. Industrial insulation remains a major application of foam glass, with the building & construction sector also poised for substantial growth. The increasing adoption of foam glass products across various industries, coupled with rising investments in infrastructure development, is projected to fuel further market expansion in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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