Threads of Innovation: Emerging Opportunities in the Global Fiberglass Market
Fiberglass Market Overview
The report serves as a comprehensive guide for investors, stakeholders, and market followers of the Fiberglass Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the Fiberglass industry's future outlook.
Fiberglass Market was valued at USD 27.49 Billion in 2022, and it is expected to reach USD 44.73 Billion by 2029, exhibiting a CAGR of 7.2 % during the forecast period (2023-2029)
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Fiberglass Market Report Scope and Research Methodology
The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the Fiberglass Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.
Fiberglass Market Segmentation
Global Fiberglass Market Size, by Glass Type (2022-2029)
• E-Glass
• ECR-Glass
• H-Glass
• AR-glass
• S-Glass
• Others
The E-glass segment dominated the fibreglass market in 2022 and is anticipated to continue to do so during the forecast period based on Glass Type. E-glass, also known as electrical grade glass fibres, are frequently used in application sectors due to its low electrical conductivity. Demand for low alkali E-glass is significantly influenced by its physical and mechanical properties, which include low price, high production rates, high strength and stiffness, high temperature, and flame and heat resistance capabilities. E-glass products have a high degree of elasticity and are incredibly resilient to vibration and abrasion. The nautical, industrial, and aerospace industries regularly use this thin, woven plastic cloth. The growing use of environmentally friendly products is anticipated to drive the fibreglass market over the forecast period.
Global Fiberglass Market Size, by Product (2022-2029)
• Glass Wool
• Roving
• Chopped Strand
• Yarn
• Others
The fibreglass market is divided into glass wool, yarn, roving, chopped strands, and others depending on the product. The glass wool market segment had the biggest market share in 2022 and is anticipated to rule the fibreglass market during the projected period. A common substance used for acoustic and thermal insulation in homes is glass wool. They are most frequently utilised on interior walls, on hardwood floors, or beneath pitched roofs. Since glass wool quickly loses its insulating properties when exposed to moisture, it is typically seen inside of homes.
Global Fiberglass Market Size, by Application (2022-2029)
• Transportation
• Building & Construction
• Electrical & Electronics
• Pipe & Tank
• Consumer Goods
• Wind Energy
• Others
The market is divided into transportation, building & construction, electrical & electronics, pipe & tank, consumer goods, wind energy, and others depending on the application. Thanks to government regulations, such as the U.S. CAFE standards and carbon emission targets in Europe, that put pressure on OEMs to incorporate lightweight materials to reduce the vehicle's overall weight, the transportation sector dominated the fibreglass market in 2022 and is projected to hold the largest share of the industry during the forecast period. The building and automotive industries employ the majority of these materials that are produced abroad.
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Fiberglass Market Regional Insights
The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for Fiberglass . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.
Fiberglass Market Key Players
1. China Jushi Co., Ltd. (China) 2. Xingtai Jinniu Fiberglass (China) 3. Glasstex Fiberglass (China) 4. Chongqing polycomp International Corporation (China) 5. Jushi Group Co., Ltd (China) 6. Taishan Fiberglass (China) 7. Hexcel Corporation (U.S.) 8. Fibre Glast Developments Corp. (U.S.) 9. PPG Industries (US) 10. Owens Corning (US) 11. Phelps Industrial Products LLC. (US) 12. Agy Holdings Corp. (US) 13. CertainTeed Corporation (US) 14. Auburn Manufacturing, Inc. (U.S.) 15. BGF Industries, Inc. (U.S.) 16. Dupont (U.S.) 17. Johns Manville Corp. (US) 18. Nitto Boseki Co., Ltd. (Japan) 19. Nippon Electric Glass (Japan) 20. Asahi Fiberglass Co (Japan) 21. PFG Fiber Glass (Taiwan) 22. Taiwan Glass Ind. (Taiwan)
Key questions answered in Fiberglass Market are:
- What was the Fiberglass market size in 2022?
- What is the expected Fiberglass market size by 2029?
- What is the growth rate of the Fiberglass Market?
- Which are the factors expected to drive the Fiberglass market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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