The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
Foam Glass Plate Market: Introduction
Foam glass plate is a kind of inorganic thermal insulation material with cells that are equally closed. Its properties include light weight and good insulation & acoustics. It is mainly manufactured by heating a mixture of granulated or crushed glass and adequate chemical foaming agents such as limestone and carbon.
Foam glass plate has several applications. It is used for the insulation of cryogenic systems, elevated floor with finishing screed and impact sound insulation, among others, in different industries such as chemicals, construction, etc.
Foam glass plate is mainly used in the chemical, construction and oil & gas industries for thermal insulation and sound insulation in different operations. In the chemical industry, it is used in reaction equipment and heat transfer fluid piping systems. In the oil & gas industry, it is used for insulating low-temperature piping systems such as the LPG pipelines, oil pipelines and others. Moreover, it is also used for roofing applications in offshore oilfield platforms. In the construction industry, foam glass plate is widely used in underground construction and for the insulation of the exterior & interior walls of buildings, chimney lining, steel plate roofing and others.
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Foam glass plate has features such as low thermal conductivity, vapor impermeability, water & chemical resistance and high mechanical strength. Moreover, it is easy to cut and able to bear different kinds of the chemical erosion, except hydrofluoric acid. In addition, foam glass plate is an environmentally friendly inorganic material with no ozone-depleting propellants, no hazardous additives and without volatile organic compounds or other volatile substances. It can be recycled and reused.
Foam Glass Plate Market: Dynamics
Increase in the demand for foam glass plate can be attributed to its light weight, high strength, thermal insulation and acoustic insulation properties. For instance, in the construction industry, it is used for the insulation of the inner and exterior walls of buildings from the outside climate as well as to provide additional mechanical strength to the wall. In addition, foam glass material is recyclable and ecologically safe. Growth in the demand for green building structures in the construction industry is projected to drive the foam glass plate market in the near future.
Furthermore, foam glass plate is used for insulation in commercial piping and oil & gas piping systems and chemical reaction equipment to preserve them from the outside temperature. Hence, the growth of the chemical industry in China and the oil & gas industry in North America is expected to drive the foam glass plate market over the forecast period.
However, the presence of the different types of foam products in the market with insulation and acoustic properties is likely to hamper the growth of the market. The cost of insulation is high and the nature of foam glass plate is fragile. These factors are expected to restrain the foam glass plate market in the near future.
Foam Glass Plate Market: Segmentation
The global foam glass plate market can be segmented on the basis of end-use, application and region.
On the basis of end-use, the foam glass plate market is segmented into:
- Construction Industry
- Chemical Industry
- Oil & Gas Industry
- Ship-Building Industry
- Others (Military Industry, Packaging Industry, Pharmaceutical Industry)
On the basis of application, the foam glass plate market is segmented into:
- Cryogenic Systems
- Commercial & Industrial Piping
- Chemical Processing Systems
- Thermal (Heat Transfer) Fluid Systems
On the basis of compressive strength, the foam glass plate market is segmented into:
- Low Compressive (up-to 0.4 MPa)
- Medium Compressive (0.4-1.4 MPa)
- High Compressive (Above 1.4 MPa)
Foam Glass Plate Market: Regional outlook
The Asia Pacific region is estimated to account for a significant share of the global market owing to strong investments in the chemical & construction industries of China, India and Japan. The demand for eco-friendly and cost-effective building structures in Asia Pacific is expected to drive the foam glass plate market in the near future. The Europe market has witnessed substantial growth owing to innovations and stringent government regulations related to waste management in the region and focus on green building structures. The North America and Latin America markets have witnessed moderate growth in insulation and building structures. In North America, the growth of the oil & gas industry is expected to boost the demand for foam glass plates for the insulation of piping systems, hot oil storage tanks and cryogenic systems, among others, in the near future.
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Foam Glass Plate: Market participants
Some of the key players involved in the foam glass plate market are:
- Pittsburgh Corning Corporation
- Earthstone International LLC
- Zhejiang Dehe Insulation Technology Corp., Ltd.
- Anhui Huichang New Material Co., Ltd.
- Merryweather Foam
- Foundation Building Materials, LLC
- STYRO LTD.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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