The global White Foam Glass market size is expected to reach USD 2.53 Billion in 2028 and register a revenue CAGR of 5.1% over the forecast period, according to the latest report by Reports and Data. High demand for White Foam Glass from the petroleum industry and increasing construction activities are key factors driving market revenue growth.
White 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. White Foam Glass is also significantly more environmentally friendly than other insulating materials because it does not require nearly as much energy to manufacture. White Foam Glass is used to fire-proof petrochemical tanks, as well as insulate hot and cold tanks and chemical processing system pipes.
Market Overview:
The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers.
The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.
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Competitive Landscape:
Industry players in the White Foam Glass market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.
This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
Regional Outlook:
North America is expected to dominate the global materials and chemicals market landscape during the forecast period owing to the strong presence of prominent industry players in this region.
APAC is projected to be the fastest-growing White Foam Glass market globally. The increasing manufacturing and export over the past years have led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.
Top companies operating in the market and 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.
White Foam Glass Market Segmentation:
The report segments the White Foam Glass markets on the basis of product types, end-use industries, technology, and region.
Type Outlook (Revenue, USD Billion; 2018-2028)
Open Cell
Closed Cell
Black (Gray) White Foam Glass
White White Foam Glass
Others
Process Outlook (Revenue, USD Billion; 2018-2028)
Physical
Chemical
Application Outlook (Revenue, USD Billion; 2018-2028)
Building Industrial Insulation
Chemical Processing Systems
Cryogenic Systems
Heat Transfer Fluid Systems
Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
Building Construction
Industrial
Others
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