Foam Glass Market Size, Share, Business Growth, Revenue, Global Demand, Trends and Forecast by 2028

(The Express Wire via Comtex)

The global foam glass market is likely to derive growth from the high investments in the development of efficient products by major companies. According to a report published by Fortune Business Insights, the market will rise considerably driven by the increasing number of company mergers and acquisitions across the world.

Foam glass is a porous glass foam material that is used in building material. The properties of foam glass material such as high strength, acoustic insulating, and light weight has led to a wider product adoption across the world. The increasing building and construction activities across the world have contributed to the growing demand for the product across the world. The increasing investment in the research and development of efficient products will yield products with the highest efficacy and calibre. The rising infrastructure development activities in several countries across the Asia Pacific as well as the Middle East and Africa will bode well for the growth of the overall market in the coming years. The presence of several large scale vendors will also contribute to the growth of the foam glass market in the coming years.

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Increasing Number of Company Mergers Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions as well as collaborations has made the highest impact on market growth. Accounting to the increasing applications and subsequently rising demand for foam glass across the world, several companies are looking to merge, with the aim of acquiring a wider consumer base. In June 2017, Owens Corning announced that it has completed the acquisition of Pittsburgh Corning. Pittsburgh is a globally renowned company and producer of foam glass insulation system that serves both the commercial and industrial markets. Through the acquisition of Pittsburgh, Owens Corning will look to establish a strong position in the market. This acquisition will not just benefit the company but will have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other company mergers, similar to this, that have also made a considerable impact on market growth.

Report Aim and Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.

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Asia Pacific Currently Dominates the Market; Rising Construction Activities to Aid Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific currently dominates the market. The rising building and construction activities in several countries across this region, including China, India, and Japan will emerge in favor of market growth. China is currently the largest producer of foam glass; a factor that will contribute to the growth of the regional as well as global foam glass market in the coming years. The market in Europe and North America hold a massive potential due to the increasing number of building restoration projects across these regions.

Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this market
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

List of companies profiled in the report:

  • Pittsburgh Corning Europe N.V.
  • Zhejiang Dehe Insulation Technology Co.,Ltd.
  • Krysteline Technologies,
  • Owens Corning
  • POLYDROS,S.A.
  • PINOSKLO
  • Cnud-Efco
  • Uusioaines Oy
  • Glapor
  • Misapor AG
  • REFAGLASS
  • Anhui Huichang New Material Co., Ltd.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Foam Glass Market Size, Share, Business Growth, Revenue, Global Demand, Trends and Forecast by 2028

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COMTEX_397751440/2598/2021-11-26T00:47:41