Foam Glass Market Opportunity | Share, Trends, Key Drivers, Size, Developments, Future Forecast
Market Forecast The Global Foam Glass Market Opportunity is expected to grow at a CAGR of 5.8% during the forecast period and cross USD 2.5 Billion by 2025. Foam glass insulation is a rigid insulating material composed of sealed glass cells. This inorganic, all-glass, closed-cell structure provides an unmatched combination of physical properties ideal for the building application. Glass insulation products supports commercial and residential architecture and building projects which is driving the product demand. Pricing Analysis The foam glass insulation products are comparatively higher than other insulation production owing its manufacturing cost. The foam glass manufacturing machines are expensive which increases the price of foam glass. Moreover, the cost of installation of foam glass is also costly owing to the fragile nature of foam glass. Segmentation By Type This segment is divided into open-cell foam glass and closed-cell foam glass. They are classified base