Foam Glass Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Global Foam Glass Manufacturers and it is segmented by Type (Open Cell, Closed Cell, and Others), End-user Industry (Commercial, Residential, and Industrial), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Foam Glass Market Size

foam glass - market summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players


*Disclaimer: Major Players sorted in no particular order


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Foam Glass Market Analysis

The market for foam glass is expected to grow at a CAGR of over 5% during the forecast period. The major factor driving the growth of the market studied is its substantial use in the industrial sector. On the flip side, the high capital investment is expected to hamper the growth of the market studied.

  • Glass foam has unique properties like rigidness, thermally insulating, freeze-tolerant, non-flammable, chemically inert and non-toxic, etc. due to which these glasses serve their purpose in the industrial sector.
  • Asia-Pacific region is anticipated to hold the largest market share globally in the foam glass market during the forecast period.

Foam Glass Market Trends

This section covers the major market trends shaping the Foam Glass Market according to our research experts:

Industrial Segment to Dominate the Market

  • Foam glass is a light insulating material and can be used for a wide range of applications owing to its unique properties such as lightweight, rigid, thermal insulation, fire-resistant, corrosion resistance, chemical inertness, water- and steam-resistant, etc. Moreover, these glasses are easy to handle and have low transportation costs making them more economically feasible.
  • Furthermore, foam glass has the lowest carbon footprint in the market (0.31 kg CO2 / kg) because of which its demand is expected to grow from industrial sectors in the coming years.
  • Foam glass is an inorganic material and doesn't lose its properties with time. And its mineral composition makes it inert chemically and biologically and noncombustible. Foam glass is used in fire-proofing petrochemical tanks, insulating hot and cold tanks and in piping insulation of chemical processing systems.
  • The total global revenue of the chemical industry at the start of 2019 was around USD 4.1 trillion. This is expected to further grow over the coming years owing to increasing demand for chemicals.
  • It can be used in wide temperature range between -250°С to +650°С making it suitable for industrial uses. Due to its fire-resistant property it is preferred in industries like petrochemical factories which are susceptible to fire.
  • Hence, owing to its ubiquitous use in the industrial sector, demand for foam glass is expected to increase over the forecast timeframe.
Foam Glass Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region accounts for the largest share in the foam glass market. It is quite popular in the region because it has many advantages such as low cost, low carbon footprint and it is reusable thereby increasing its demand in developed economies of Asia-Pacific.
  • High demand in countries like China, India, and Japan are expected to boost the foam glass market in this region. Being an environment-friendly insulating material, it is preferred by end-use industries in the region and is expected to impel the market growth in the region.
  • China is the largest chemicals producers in the world accounting for more than 24% of the chemicals produced globally. In 2019, the total revenue generated by China from sales of chemicals is projected to be more than USD 1340 billion. Japan, India, South Korea from the region are also amongst the top ten chemicals producing countries.
  • The demand for foam glass because of its fire insulating property has made it favorable to be used in the residential sector which is on the rise in the region.
  • Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite further investments of worth INR 2 trillion (~USD 28.18 billion), over the coming five years creating scope for the application of foam glass.
  • The aforementioned factors coupled with government support are contributing to the increasing demand of foam glass in the region during the forecast period.
Foam Glass Market Regional Trends

Foam Glass Industry Overview

The foam glass market is partially fragmented. Some of the companies operating in foam glass business include Glapor, Owens Corning, AeroAggregates of North America, LLC, GEOCELL Schaumglas GmbH, and Uusioaines OY.

Foam Glass Market Leaders

  1. Glapor

  2. Owens Corning

  3. AeroAggregates of North America, LLC

  4. GEOCELL Schaumglas GmbH

  5. Uusioaines OY

*Disclaimer: Major Players sorted in no particular order

Market Concentration - Foam Glass Market.png

Foam Glass Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand From the Industrial Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Capital Investment

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Open Cell

      2. 5.1.2 Closed Cell

      3. 5.1.3 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Commercial

      2. 5.2.2 Residential

      3. 5.2.3 Industrial

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AeroAggregates of North America LLC

      2. 6.4.2 Anhui Huichang New Material Co. Ltd

      3. 6.4.3 GEOCELL Schaumglas GmbH

      4. 6.4.4 Glapor Werk Mitterteich GmbH

      5. 6.4.5 Glevel

      6. 6.4.6 ICM Glass Kaluga LLC

      7. 6.4.7 Misapor AG

      8. 6.4.8 Ningbo Yoyo Foam Glass Co. Ltd

      9. 6.4.9 Owens Corning

      10. 6.4.10 PINOSKLO cellular glass

      11. 6.4.11 Polydros SA

      12. 6.4.12 Refaglass

      13. 6.4.13 Styro Ltd

      14. 6.4.14 Uusioaines Oy

      15. 6.4.15 Zhejiang Zhenshen Insulation Technology Corp.

    5. *List Not Exhaustive

**Subject to Availability

Foam Glass Industry Segmentation

The Foam Glass market report includes:

Open Cell
Closed Cell
Other Types
End-user Industry
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Foam Glass Market Research FAQs

The Foam Glass Market is projected to register a CAGR of greater than 5% during the forecast period (2023-2028).

Glapor, Owens Corning, AeroAggregates of North America, LLC, GEOCELL Schaumglas GmbH and Uusioaines OY are the major companies operating in the Foam Glass Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia Pacific accounts for the largest market share in the Foam Glass Market.

Foam Glass Industry Report

Statistics for the 2023 Foam Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Foam Glass analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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