Fiberglass Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Fiberglass is also known as a fiber-reinforced plastic as it is made up using glass fiber reinforced plastic. The glass fibers are rearranged, flattened into a sheet, or woven into a fabric. They can be made of different types of glass according to the use of fiberglass. It is lightweight, durable, strong, and offers high thermal insulation. It has the ability to get molded into various complex shapes. Due to these properties, fiberglass is widely used in bathtubs, boats, aircraft, roofing, automobiles, and windows, among others. As urbanization and industrialization are increasing, there is advancement in technology and an increase in the construction and transportation sector which is increasing the demand for fiberglass due to its industry favourable properties. Moreover, in the automation and robotic industries fiberglass is increasingly used for making robots and fiber-optic cables. For instance, Owens Corning announced its latest advancement: PINK Next Gen Fiberglas insulation. As per the company, the product features advanced fiber technology and enables up to 23% faster installation compared to its existing products.

According to UnivDatos Market Insights (UMI)’ research report “Global Fiberglass Market”, the market is expected to showcase a growth of around 5% during the forecast period. The large base of the industry and growing demand for serval industries like transportation, construction, aerospace, and others are some of the key attributable factors to the growth of the market.

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Based on resin type, the market is categorized into polyester, vinyl ester, epoxy, and others. Among these, polyester has a considerable share in the fiberglass market. This is among the most commonly used resin type as it is easier to use than other resin types. This type of resin has a quick cure and adds dimensional stability. Due to the aforementioned factors, it is used for repairing boats and car bodies, constructing buildings, decorative surfaces, bathtubs, and others.

Based on product type, the market is categorized into woven roving, chopped strand, fabric, and others. Among these, woven roving is likely to showcase robust growth in the fiberglass market. It is one of the strongest textile fibers, having greater specific tensile strength than steel wire of the same diameter, at a lower weight. It has warp and weft roving aligned in a parallel, high strength, flexible, and uniform tension. Due to the following properties, it has wide applications in the petrochemicals for making pipes and storage tanks, transportation, and building materials for fence and wave color tiles.

Asia-Pacific accounted for a considerable share of the fiberglass market

Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to a large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Moreover, increasing construction works with industrialization in the region would increase the demand for fiberglass as it is used for coating and insulation due to its thermal resistance and durability. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global fiberglass market include Owens Corning, China Jushi Co. Ltd., PPG Industries, Inc., BKP Berolina Polyester GmbH & Co. KG, Compagnie de Saint-Gobain S.A., Taiwan Glass Industry Corporation, Xingtai Jinniu Fiberglass Co. Ltd., Taishan Fiberglass Inc., Asahi Fiber Glass Co., Ltd., and AGY Holding Corp. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Fiberglass Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings. 

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Market Segmentation:

1.      By Type (S-Glass, E-Glass, A-Glass, D-Glass, E-CR-Glass, and Others)

2.      By Resin Type (Polyester, Vinylester, Epoxy, and Others)

3.      By Product Type (Woven Roving, Chopped Strand, Fabric, and Others)

4.      By Application (Composites and Insulation)

5.      By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

6.      By Company (Owens Corning, China Jushi Co. Ltd., PPG Industries, Inc., BKP Berolina Polyester GmbH & Co. KG, Compagnie de Saint-Gobain S.A., Taiwan Glass Industry Corporation, Xingtai Jinniu Fiberglass Co. Ltd., Taishan Fiberglass Inc., Asahi Fiber Glass Co., Ltd., and AGY Holding Corp.)

Key questions answered in the study:

1.      What are the current and future trends of the global fiberglass industry?

2.      How the industry has been evolving in terms of type, resin type, product type, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global fiberglass industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global fiberglass suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL FIBERGLASS MARKET COVID-19 IMPACT

6 GLOBAL FIBERGLASS MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY RESIN TYPE

9 MARKET INSIGHTS BY PRODUCT TYPE

10 MARKET INSIGHTS BY APPLICATION

11 MARKET INSIGHTS BY REGION

12 FIBERGLASS MARKET DYNAMICS

13 FIBERGLASS MARKET OPPORTUNITIES

14 FIBERGLASS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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