Glass foams are modern developed building materials which are now favorably competing with conventional materials for applications in thermal insulation. In this study, glass foams are synthesized solely from waste container glasses of mixed colors using sodium silicate (water glass) as foaming agent. Several glass foams of 150 × 150 × 30 mm were prepared from waste glasses of 75 μm, 150 μm and 250 μm size with addition of 15 wt % sodium silicate respectively and pressed uniaxially under a pressure of 10 MPa. The prepared glass foams were then sintered at temperatures of 800 °C and 850 °C respectively. Tests such as bulk density, estimated porosity, flexural strength, compressive strength and microstructure evaluation were used to assess the performance of the developed glass foams. The results showed that with increasing temperature and grain sizes, the percent porosity of the developed foams increased while the bulk density decreased. The microstructure evaluation showed that the finer the grain sizes used, the more homogenized are the pores formed and the higher the temperature, the larger the pores but are mostly closed. Both compressive and flexural strength were found to decrease with grain sizes and higher temperatures. The thermal conductivities of all the developed foam glasses satisfy the standard requirement to be used as an insulating material as their thermal conductivities did not exceed 0.25 W/m.K.