The China cellular glass market is expected to project a CAGR of 3.45% during the estimated years. Factors such as rapid industrialization, the accelerated rates of urbanization, and the increasing use of gas for power generation are predominantly accredited to the market growth of the country. The base year considered for the market study is 2020, and the forecasting period is from 2021 to 2026.

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The surging utilization of gas for power generation plays a vital role in fueling the cellular glass market growth in China. Since nearly 70% of the country’s electricity is acquired from coal-fired plants, policymakers aim to minimize the over-dependence on coal. This approach would also improve the polluted skies of major cities, such as Beijing and others. Moreover, China signed up to the United Nations Paris Agreement’s emissions reduction commitments, as well.

Although the majority of northern China has historically relied on abundant coal resources for heating, the trend has been shifting to gas as a critical initiative to minimize air pollution. With gas presently accounting for approximately 7% of China’s overall energy usage, there is a momentous scope for the demand to increase substantially. In this regard, commentators predict a rise of around 14% by 2030. As a result, these factors are anticipated to fuel the cellular glass market growth of the country over the forecast years.

Zhejiang Dehe Insulation Technology Co Ltd, headquartered in China, is involved in the development, sales, service, and production of foam glass. Moreover, it also engages in developing cold materials for cold insulation pipes, cellular glass, PUR, and PIR. The company’s products are used in pipeline insulation, subway insulation, LNG tank insulation, petrochemical piping and equipment insulation, and building insulation.

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