Cellular Glass Market: Innovating Newer Strategies and Propelling towards a New Height

Cellular glass is a glass foam formed from a reaction between carbon and glass at elevated temperature. It is a glass material with cellular that offers enhanced insulation, lightweight and durable insulation to materials. Because of its thermal properties, it is widely used as a thermal insulation material in various chemical industries. Also, its high compressive strength makes it a suitable material for insulating roof tops covered with bitumen and other heavy materials. It is also utilized with adhesives and in membranes that require barrier to air and liquid.

Factors Enhancing Growth of the Industry

Insulation materials are those that are used in construction process for providing thermal insulation. Rising urban population has enhanced the construction activity around the world. Cellular glass is also used as an insulation material in construction of floors, walls, and roofs by the end-users. With the rise in urban population, the construction of new homes, commercial buildings, and other construction activities has enhanced the application of cellular glass in previous years.  Cellular glass is also used as insulation material in cold storage facilities, as flotation blocks for nets in submarines. These are considered as the major attributors of the growth of the global cellular glass market.

Trending Developments of the Market

According to a report published by Research Dive, the leading players of the global cellular glass market players are CNUD-EFCO Operations S.A., Owens Corning, Amity Insulation Group Inc., SZECO Insulation Technology Co. Ltd., Zhejiang Zhenshen Insulation Technology Corp., Ltd., Zhejiang Dehe Insulation Technology Co., Ltd., Benarx, Jahan Ayegh Pars Co., Pinosklo, Polydros Sociedad Anonima (S.A), and others.

These market players are focusing on developing unique strategies including mergers and acquisitions, product launches, existing technology upgradation, and collaborations and partnerships to sustain the market competition.

Some of the recent advancements of the market are as follow:

• A recent news states that the Grenzebach Group agreed with the BMT Group to acquire its float glass engineering division CNUD EFCO GFT. With a worldwide presence, CNUD EFCO GFT is an annealing lehr and tin bath solutions provider. Besides the glass business, the company has worked on more than 300 float glass production lines.
• In June 2019, Benarx and Beerenberg merged their businesses to enhance group’s company structure. In addition, the company will deliver their own products and will not interchange their product portfolio.
• Headquartered in Belgium, Cnud-Efco has partnered with GFT to initiate a groundbreaking innovation in the glass industry. GFT is a young and ingenious tin-bath design company based out of German.

Impact of COVID-19 on the Cellular Glass Industry

Because of the unprecedented outbreak of coronavirus, the operations of industries and businesses has come to a drastic downfall. The pandemic is also impacting the cellular glass industry in a negative way. This is mainly because of the reduction in construction works.

However, there is also brighter side to this temporary halt of operations. Many leading companies of the industry have extended their support to the essential service providers during the pandemic by supplying them protective kits.

Conclusions

The leading players of the global market of cellular glass are focusing on R&D, other strategies such as partnership, merger and acquisition, and product launches to sustain the development of the market beyond the pandemic.