Table of Content

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 20
2.2.3 MARKET FORECAST CALCULATION METHODOLOGY 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 ASSUMPTIONS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE OPPORTUNITIES IN THE CELLULAR GLASS MARKET 26
4.2 CELLULAR GLASS MARKET, BY REGION 26
4.3 CELLULAR GLASS MARKET, BY APPLICATION 27
4.4 EUROPEAN CELLULAR GLASS MARKET, BY COUNTRY AND APPLICATION (2019) 27
4.5 CELLULAR GLASS MARKET, BY COUNTRY 28

5 MARKET OVERVIEW 29
5.1 INTRODUCTION 29
5.2 MARKET DYNAMICS 29
5.2.1 DRIVERS 30
5.2.1.1 Demand for high-quality insulation for industrial purposes 30
5.2.1.2 Protection against fire and longer life 30
5.2.2 RESTRAINTS 30
5.2.2.1 Fragile and susceptible to vibration-induced damage 30
5.2.2.2 Lack of marketing of cellular glass 30
5.2.3 OPPORTUNITIES 31
5.2.3.1 Environmental regulations driving growth of cellular glass 31
5.2.3.2 New application areas providing opportunities 31
5.2.4 CHALLENGES 31
5.2.4.1 High cost of cellular glass 31
5.2.4.2 Lack of awareness 31
5.3 PORTER’S FIVE FORCES 32
5.3.1 THREAT OF NEW ENTRANTS (MODERATE) 32
5.3.2 THREAT OF SUBSTITUTE (MODERATE) 33
5.3.3 BARGAINING POWER OF SUPPLIER (LOW) 33
5.3.4 BARGAINING POWER OF BUYER (MODERATE) 33
5.3.5 INTENSITY OF COMPETITIVE RIVALRY (MODERATE-TO-HIGH) 33
5.4 MACROECONOMIC INDICATORS 34
5.4.1 GDP TRENDS AND FORECAST OF MAJOR REGIONS 34
5.4.2 GROSS VALUE ADDED BY CONSTRUCTION SECTOR IN MAJOR ECONOMIES (USD MILLION) 35

6 CELLULAR GLASS MARKET, BY PRODUCT TYPE 37
6.1 INTRODUCTION 38
6.2 BLOCKS & SHELLS 39
6.2.1 INCREASING DRILLING RIGS IN US WILL FUEL DEMAND FOR CELLULAR GLASS BLOCKS & SHELLS 39
6.3 FOAM GLASS GRAVELS 40
6.3.1 CHEAPER COST AND CONVENIENT TRANSPORTATION SIGNIFICANTLY DRIVING THE MARKET FOR FOAM GLASS GRAVELS IN BUILDING AND CONSTRUCTION 40

7 CELLULAR GLASS MARKET, BY APPLICATION 41
7.1 INTRODUCTION 42
7.2 CONSTRUCTION 43
7.2.1 STRINGENT BUILDING CODES AND GROWING DEMAND FOR HIGH LOAD-BEARING MATERIAL TO DRIVE THE MARKET 43
7.2.2 RESIDENTIAL AND COMMERCIAL CONSTRUCTION 43
7.2.3 CIVIL CONSTRUCTION 44
7.2.4 SPECIAL CONSTRUCTION 45
7.3 INDUSTRIAL 46
7.3.1 APAC IS LARGEST MARKET FOR CELLULAR GLASS IN INDUSTRIAL SEGMENT 46
7.4 OTHERS 47
_

8 CELLULAR GLASS MARKET, BY REGION 49
8.1 INTRODUCTION 50
8.2 EUROPE 50
8.2.1 GERMANY 52
8.2.1.1 Renovation of existing buildings to drive demand for cellular glass
in Germany 52
8.2.2 UK 57
8.2.2.1 Presence of stringent regulatory policies to drive the demand
for cellular glass 57
8.2.3 RUSSIA 58
8.2.3.1 Growing construction activity to drive the demand for cellular glass
in Russia 58
8.2.4 FRANCE 59
8.2.4.1 Strong industrial base in France to drive growth of cellular
glass market 59
8.2.5 REST OF EUROPE 60
8.3 NORTH AMERICA 65
8.3.1 US 67
8.3.1.1 Presence of major oil & gas giants in drive the market in the US 67
8.3.2 CANADA 68
8.3.2.1 Increasing oil & gas exploration to drive the demand for cellular glass in Canada 68
8.3.3 MEXICO 69
8.3.3.1 Booming industrialization and growth in upstream sector to drive
the demand for cellular glass 69
8.4 APAC 70
8.4.1 CHINA 71
8.4.1.1 Government policy to drive consumption of cellular glass
in the country 71
8.4.2 JAPAN 72
8.4.2.1 Growing construction of energy-efficient buildings to drive the cellular glass market 72
8.4.3 INDIA 72
8.4.3.1 Growing energy sector to drive the demand for cellular glass 72
8.4.4 REST OF APAC 73
8.5 REST OF WORLD 74
8.5.1 MIDDLE EAST & AFRICA 74
8.5.1.1 Increase in glass recycling plant and oil & gas production in the region is estimated to drive the market 74
8.5.2 SOUTH AMERICA 75
8.5.2.1 Government regulations to drive the cellular glass market 75
_

9 COMPETITIVE LANDSCAPE 76
9.1 OVERVIEW 76
9.2 COMPETITIVE LEADERSHIP MAPPING, 2019 76
9.2.1 VISIONARY LEADERS 76
9.2.2 INNOVATORS 76
9.2.3 EMERGING COMPANIES 76
9.3 STRENGTH OF PRODUCT PORTFOLIO 78
9.4 BUSINESS STRATEGY EXCELLENCE 79
9.5 MARKET SHARE OF CELLULAR GLASS MANUFACTURERS 80
9.6 COMPETITIVE SITUATION AND TRENDS 81
9.6.1 PARTNERSHIP 81
9.6.2 ACQUISITION 81

10 COMPANY PROFILES 82
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 OWENS CORNING 82
10.2 ZHEJIANG ZHENSHEN THERMAL TECHNOLOGY CO. LTD. 86
10.3 ZHEJIANG DEHE INSULATION TECHNOLOGY CO., LTD. 88
10.4 GLAPOR WERK MITTERTEICH GMBH 90
10.5 MISAPOR AG 91
10.6 POLYDROS, S.A. 93
10.7 EARTHSTONE INTERNATIONAL LLC 94
10.8 REFAGLASS S.R.O. 95
10.9 UUSIOAINES OY 96
10.10 ANHUI HUICHANG NEW MATERIAL CO., LTD. 97
10.11 GEOCELL SCHAUMGLAS GMBH 98
10.12 STES-VLADIMIR 99
10.13 OTHER MARKET PLAYERS 100
10.13.1 PINOSKLO CELLULAR GLASS 100
10.13.2 NINGBO YOYO FOAM GLASS CO., LTD. 100
10.13.3 STIKLOPORAS 100
10.13.4 AEROAGGREGATES OF NORTH AMERICA,LLC 100
10.13.5 VERISO GMBH 100
10.13.6 STEINBACH SCHAUMGLAS GMBH & CO. KG 101
10.13.7 GERMAN GEO CONSTRUCTION GMBH 101
10.13.8 BENARX 101
10.13.9 LIAVER GMBH & CO. KG 101
10.13.10 LANGFANG CHAOCHEN THERMAL INSULATION MATERIAL CO., LTD. 101
10.13.11 ZHEJIANG YAHONG INDUSTRIAL CO., LTD. 102
10.13.12 GLAVEL, INC. 102
10.13.13 JAHAN AYEGH PARS COMPANY 102
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11 APPENDIX 103
11.1 DISCUSSION GUIDE 103
11.3 AVAILABLE CUSTOMIZATIONS 108
11.4 RELATED REPORTS 108
11.5 AUTHOR DETAILS 109



List of Figures



FIGURE 1 CELLULAR GLASS: MARKET DEFINITION 13
FIGURE 2 CELLULAR GLASS: MARKET SEGMENTATION 13
FIGURE 3 CELLULAR GLASS MARKET, BY REGION 14
FIGURE 4 CELLULAR GLASS MARKET: RESEARCH DESIGN 16
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 20
FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 20
FIGURE 7 CELLULAR GLASS MARKET: FORECAST CALCULATION METHODOLOGY 21
FIGURE 8 CELLULAR GLASS MARKET: BASE NUMBER CALCULATION, METHODOLOGY 1 21
FIGURE 9 CELLULAR GLASS MARKET: BASE NUMBER CALCULATION, METHODOLOGY 2 21
FIGURE 10 CELLULAR GLASS MARKET: DATA TRIANGULATION 22
FIGURE 11 CONSTRUCTION APPLICATION ACCOUNTED FOR LARGEST SHARE OF
THE CELLULAR GLASS MARKET IN 2019 23
FIGURE 12 BLOCKS & SHELLS TO BE FASTEST-GROWING TYPE OF CELLULAR GLASS BETWEEN 2020 AND 2025 24
FIGURE 13 EUROPE TO BE FASTEST-GROWING MARKET FOR CELLULAR GLASS 25
FIGURE 14 INCREASING DEMAND FROM EUROPE TO DRIVE THE GLOBAL CELLULAR GLASS 26
FIGURE 15 EUROPE TO BE FASTEST-GROWING MARKET FOR CELLULAR GLASS 26
FIGURE 16 CONSTRUCTION WAS LARGEST APPLICATION OF CELLULAR GLASS IN 2019 27
FIGURE 17 GERMANY ACCOUNTED FOR LARGEST SHARE OF CELLULAR GLASS MARKET
IN EUROPE 27
FIGURE 18 CANADA TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 28
FIGURE 19 OVERVIEW OF FACTORS INFLUENCING THE CELLULAR GLASS MARKET 29
FIGURE 20 PORTERS FIVE FORCES: CELLULAR GLASS MARKET 32
FIGURE 21 BLOCKS & SHELLS SEGMENT TO LEAD THE CELLULAR GLASS MARKET 38
FIGURE 22 CONSTRUCTION APPLICATION TO LEAD THE CELLULAR GLASS MARKET DURING THE FORECAST PERIOD 42
FIGURE 23 EUROPE: CELLULAR GLASS MARKET SNAPSHOT 51
FIGURE 24 NORTH AMERICA: CELLULAR GLASS MARKET SNAPSHOT 66
FIGURE 25 APAC: CELLULAR GLASS MARKET SNAPSHOT 70
FIGURE 26 COMPETITIVE LEADERSHIP MAPPING, 2019 77
FIGURE 27 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CELLULAR GLASS MARKET 78
FIGURE 28 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CELLULAR GLASS MARKET 79
FIGURE 29 ACQUISITION WAS KEY GROWTH STRATEGY ADOPTED BY MARKET PLAYERS BETWEEN 2017 AND 2019 80
FIGURE 30 MARKET SHARE ANALYSIS IN 2019 80
FIGURE 31 OWENS CORNING: COMPANY SNAPSHOT 82
FIGURE 32 OWENS CORNING: WINNING IMPERATIVES 84
FIGURE 33 OWENS CORNING: SWOT ANALYSIS 85
FIGURE 34 ZHEJIANG ZHENSHEN THERMAL TECHNOLOGY CO., LTD.: SWOT ANALYSIS 87
FIGURE 35 ZHEJIANG DEHE INSULATION TECHNOLOGY CO., LTD.: SWOT ANALYSIS 89

 

List of Tables



TABLE 1 TRENDS AND FORECAST OF GDP IN NORTH AMERICA, 2017-2024 (USD BILLION) 34
TABLE 2 TRENDS AND FORECAST OF GDP IN APAC, 2017–2024 (USD BILLION) 34
TABLE 3 TRENDS AND FORECAST OF GDP IN EUROPE, 2017–2024 (USD BILLION) 34
TABLE 4 TRENDS AND FORECAST OF GDP IN MIDDLE EAST, 2017–2024 (USD BILLION) 35
TABLE 5 TRENDS AND FORECAST OF GDP IN SOUTH AMERICA, 2017–2024 (USD BILLION) 35
TABLE 6 TRENDS IN CONSTRUCTION SECTOR OF APAC, 2015–2028 (USD MILLION) 35
TABLE 7 TRENDS IN CONSTRUCTION SECTOR OF EUROPE, 2015–2028 (USD MILLION) 36
TABLE 8 TRENDS IN CONSTRUCTION SECTOR OF NORTH AMERICA 2015–2028 (USD MILLION) 36
TABLE 9 CELLULAR GLASS MARKET SIZE , BY PRODUCT TYPE, 2018–2025 ( USD MILLION) 39
TABLE 10 BLOCKS & SHELLS MARKET SIZE , BY APPLICATION, 2018–2025 ( USD MILLION) 39
TABLE 11 FOAM GLASS GRAVELS MARKET SIZE , BY APPLICATION 2018–2025 ( USD MILLION) 40
TABLE 12 CELLULAR GLASS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 42
TABLE 13 LIST OF SOME RESIDENTIAL AND COMMERCIAL CONSTRUCTION APPLICATIONS 44
TABLE 14 LIST OF SOME CIVIL CONSTRUCTION APPLICATIONS 44
TABLE 15 CELLULAR GLASS MARKET SIZE IN CONSTRUCTION, BY REGION 2018–2025 (USD MILLION) 45
TABLE 16 CELLULAR GLASS MARKET SIZE IN CONSTRUCTION, BY PRODUCT TYPE 2018–2025 (USD MILLION) 45
TABLE 17 CELLULAR GLASS MARKET SIZE IN INDUSTRIAL, BY REGION 2018–2025 (USD MILLION) 46
TABLE 18 CELLULAR GLASS MARKET SIZE IN INDUSTRIAL, BY PRODUCT TYPE 2018–2025 (USD MILLION) 47
TABLE 19 CELLULAR GLASS MARKET SIZE IN OTHER APPLICATIONS, BY REGION 2018–2025 (USD MILLION) 47
TABLE 20 CELLULAR GLASS MARKET SIZE IN OTHER APPLICATIONS, BY PRODUCT TYPE, 2018–2025 (USD MILLION) 48
TABLE 21 CELLULAR GLASS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 50
TABLE 22 EUROPE: CELLULAR GLASS MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 51
TABLE 23 EUROPE: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 52
TABLE 24 GERMANY: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 53
TABLE 25 GERMANY: PROJECTS BY GLAPOR WERK MITTERTEICH GMBH 56
TABLE 26 GERMANY: PROJECTS BY GEOCELL SCHAUMGLAS GMBH 56
TABLE 27 GERMANY: NUMBER OF PROJECTS, BY COMPANY 56
TABLE 28 GERMANY: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 57
TABLE 29 UK: NUMBER OF PROJECTS, BY COMPANY 57
TABLE 30 UK: CELLULAR GLASS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 57
TABLE 31 RUSSIA: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 58
TABLE 32 FRANCE: NUMBER OF PROJECTS, BY COMPANY 59
TABLE 33 FRANCE: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 59
TABLE 34 FRANCE: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 59
TABLE 35 SWEDEN: PROJECTS BY HASOPOR AB 60
TABLE 36 SWITZERLAND: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 60
TABLE 37 SWITZERLAND: NUMBER OF PROJECTS, BY COMPANY 61
TABLE 38 SWITZERLAND: PROJECTS BY GLAPOR WERK MITTERTEICH GMBH 62
TABLE 39 LUXEMBOURG: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 62
TABLE 40 NETHERLANDS: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 62
TABLE 41 ITALY: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 62
TABLE 42 CROATIA: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 62
TABLE 43 SLOVENIA: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 63
TABLE 44 AUSTRIA: PROJECTS BY STEINBACH SCHAUMGLAS GMBH & CO. KG 63
TABLE 45 AUSTRIA: PROJECTS BY GLAPOR WERK MITTERTEICH GMBH 63
TABLE 46 AUSTRIA: PROJECTS BY GEOCELL SCHAUMGLAS GMBH 63
TABLE 47 DENMARK: PROJECTS BY GLAPOR WERK MITTERTEICH GMBH 64
TABLE 48 POLAND: PROJECTS BY GLAPOR WERK MITTERTEICH GMBH 64
TABLE 49 REST OF EUROPE: NUMBER OF PROJECTS BY OWENS CORNING 64
TABLE 50 REST OF EUROPE: NUMBER OF PROJECTS BY GEOCELL SCHAUMGLAS GMBH 65
TABLE 51 REST OF EUROPE: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 65
TABLE 52 NORTH AMERICA: CELLULAR GLASS MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 66
TABLE 53 NORTH AMERICA: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 67
TABLE 54 US: CELLULAR GLASS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 67
TABLE 55 CANADA: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 68
TABLE 56 MEXICO: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 69
TABLE 57 APAC: CELLULAR GLASS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 71
TABLE 58 CHINA: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 71
TABLE 59 JAPAN: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 72
TABLE 60 INDIA: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 73
TABLE 61 REST OF APAC: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 73
TABLE 62 REST OF WORLD: CELLULAR GLASS MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 74
TABLE 63 PARTNERSHIP, 2017–2019 81
TABLE 64 ACQUISITION, 2017–2019 81