Foam Glass Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global foam glass market size reached 1769.02 KMT in 2024 to 2827.13 KMT by 2034, growing at a CAGR of 4.80% during the forecast period of 2025-2034.

Foam glass is a material made of porous glass foam. As a building material, its advantages include lightweight, high strength, and thermal and acoustic insulating properties. It is produced by heating a mixture of broken or powdered glass and a blowing agent (chemical foaming agent) like carbon or limestone.

The foam glass market dynamics and trends are driven by notable advantages, such as superior thermal insulation, strong fire resistance, and lightweight characteristics. Being eco-friendly and made from recycled glass, it also offers moisture and sound resistance. Its durability and versatility enhance energy efficiency and provide long-term cost savings across multiple applications.

Global Foam Glass Market Analysis

The global foam glass market demand is driven by its ability to provide industrial insulation, fire protection, and longer life. The end-use industries of the foam glass market are expected to grow at the fastest rate in the next five years.

During the forecast period, closed-cell foam glass is projected to experience the fastest growth. This type of foam glass is characterised by its high-temperature resistance, fire resistance, load-bearing strength, moisture resistance, corrosion resistance, and pest resistance, all of which are expected to drive the growth of the foam glass industry.

Foam Glass Industry Outlook

According to the U.S. Census Bureau, total construction spending in the U.S. increased steadily from January 2016 to January 2022. Starting at about USD 1.15 trillion, the market grew to nearly USD 1.75 trillion by early 2022. Public construction spending remained steady, beginning at around USD 300 billion in January 2016 and increasing to about USD 400 billion by January 2022. Private construction spending also rose consistently, from approximately USD 850 billion in January 2016 to about USD 1.35 trillion by January 2022. This growth supports foam glass market revenue as its lightweight nature facilitates transportation and installation, and its durability provides long-term performance and resilience against environmental factors.

As per the U.S. Census Bureau, the total construction value in the U.S. reached USD 1.73 trillion in March 2022, an 11.7% increase from March 2021. Residential construction led this growth, with spending rising from USD 754.13 billion in March 2021 to USD 891.28 billion in March 2022, an 18.2% year-over-year increase. Non-residential construction also grew, with expenditures increasing from USD 794.41 billion in March 2021 to USD 839.18 billion in March 2022, a 5.6% rise. Total construction spending was USD 1.71 trillion in January 2022 and USD 1.66 trillion in December 2021.

According to the Australian Bureau of Statistics, Australia's total construction value in the March quarter of 2024 was USD 64.03 billion. The building sector contributed USD 33.31 billion, with residential construction accounting for USD 19.58 billion and non-residential construction at USD 13.73 billion. Engineering construction reached USD 30.71 billion, highlighting significant investment in infrastructure projects. This growth boosts foam glass industry revenue, as foam glass effectively minimises noise transmission, enhancing acoustic comfort in both residential and commercial buildings.

According to Oxford Economics, China's construction output in 2020 increased by 1.3% year-on-year. Residential building construction rose by 1.4%, indicating steady housing demand. Non-residential building activity remained stable with no change, while civil engineering projects grew by 2.0%. In 2021, overall construction output grew by 6.8%, with residential construction up by 5.4% and non-residential buildings increasing by 4.6%.

Foam glass offers excellent thermal insulation, fire resistance, and moisture resistance, making it highly effective for various applications.

• Made from recycled glass, it supports sustainability and appeals to environmentally conscious consumers.
• Its robustness and resistance to compression, corrosion, and pests ensure long-lasting performance and low maintenance.

Foam glass can be expensive to produce and purchase, which may deter some potential buyers.

• The market for foam glass may suffer from limited consumer awareness and understanding of its benefits.
• Its use is often confined to niche applications, potentially limiting foam glass market size.

Increasing demand for sustainable and energy-efficient construction materials can drive market growth.

• Innovations in manufacturing techniques can improve product performance and reduce costs.
• New applications and geographic markets present growth opportunities in the foam glass market.

Economic downturns could reduce construction activity, impacting demand for the foam glass market.

• Other insulation materials may offer lower costs or better performance, affecting foam glass market share.
• New regulations or standards could impact production processes or material specifications.

Key Players in the Global Foam Glass Market and Their Key Initiatives

Zhejiang Zhenshen Thermal Insulation Technology Co. Ltd.

• Launched high-performance foam glass.
• Expanded foam glass production capacity to 200,000 cubic meters annually to meet the growing demand of the foam glass market.

Owens Corning

• Launched FOAMGLAS ONE for cryogenic LNG infrastructure.
• Developing sustainable multimaterial solutions and prefabricated building systems.

Refaglass

• Initiated production of high-performance foam glass.
• Enhanced recycling capabilities to increase sustainable production of foam glass.

Global Foam Glass Industry Segmentation

“Global Foam Glass Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Open Cell
• Closed Cell

Market Breakup by Process

• Physical Process
• Chemical Process

Market Breakup by Application

• Building and Industrial Insulation
• Chemical Processing System
• Consumer Abrasive
• Others

Market Breakup by End Use

• Building and Construction
• Industrial
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Foam Glass Market Share

The growth of the foam glass industry is driven by its excellent thermal insulation, fire resistance, and moisture protection, which enhance building efficiency and safety. Its lightweight and durable properties simplify installation and ensure long-term performance. Foam glass also offers sound insulation and supports sustainability using recycled materials.

Foam glass excels in chemical resistance and effective thermal insulation, boosting operational efficiency and safety in chemical processing. Its fire and moisture resistance prevent corrosion and degradation, while its durability and low maintenance needs minimize downtime. Its eco-friendly nature further supports sustainable industrial practices, driving foam glass demand growth.

Leading Companies in the Foam Glass Market

The companies excel in high-performance thermal insulation, including foam glass products, with a focus on innovative technology, quality, and sustainability, serving diverse industries with advanced solutions.

• Owens Corning (NYSE: OC)
• Zhejiang Zhenshen Thermal Insulation Technology Co. Ltd.
• GLAPOR Werk Mitterteich GmbH
• Polydros
• Earthstone International LLC
• Refaglass