KEY FINDINGS
The Asia-Pacific cellular glass market is evaluated to grow with a CAGR of 4.23% over the forecasted period of 2021 to 2028. Factors such as the increasing utilization of cellular glass as polymer foam alternatives, the rising generation of municipal waste glass and the high-cost as well as time-consuming process of disposal, and the surging rates of construction activities are primarily attributed to the market growth of the region.
MARKET INSIGHTS
The Asia-Pacific cellular glass market growth assessment entails the analysis of Thailand, Japan, Vietnam, Australia & New Zealand, China, India, Indonesia, South Korea, and the rest of the Asia-Pacific. Thailand has proposed to open up liquefied natural gas (LNG) imports to the private sector, encouraged by diminishing domestic national gas reserves and high electricity bills. The state-owned energy giant PPT has a near-monopoly on the country’s natural gas supply, utilized to generate power. Although the majority of the LNG is acquired through long-term contracts, Gulf Energy Development, the Bangkok-based private electricity provider, recently obtained a license to import LNG. Furthermore, Thailand is issuing additional import licenses as the nation strives to liberalize the gas market, thereby positioning itself as a regional trading center for LNG.
Vietnam is rapidly progressing towards becoming the most promising LNG importing market across Asia. The nation also plans to establish its foremost power plants from 2021 to 2025, connected to LNG import terminals. Besides, the Institute of Energy of Vietnam is drafting a new master power development plan, as well. Therefore, these factors are set to propel the market growth in the Asia-Pacific over the forecast period.
COMPETITIVE INSIGHTS
Some of the major companies operating in the market include Owens Corning, Benarx, SZECO Insulation Technology Co Ltd, Langfang Chaochen Thermal Insulation Materials Co Ltd, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments