Fiberglass Market Share, Size, Growth Insights, Top Countries Data, Key Players, Opportunity and Challenges Forecast 2022-2027 | Taishan Fiberglass Inc., and Taiwan Glass Ind. Corp.,
Fiberglass is one of the most common types of fiber-reinforced plastic using glass fiber. It can be flattened into a sheet, woven into glass cloth, or arranged randomly. The market is anticipated to be driven by the increasing use of fiberglass composite in the automotive & construction industry, rising demand for composite components, and the strict regulation for emission control favor fiberglass over other materials. Furthermore, the rising number of wind energy capacity installations is estimated to provide lucrative opportunities for market growth.
Request To Download Sample of This Strategic Report: - https://www.astuteanalytica.com/request-sample/fiberglass-market
The instability of raw material pricing along with the improper disposal techniques for recycling glass wool is anticipated to hinder the market growth. Also, the manufacturing process of fiberglass is complex as well as capital-intensive, which also hampers the market growth. The COVID-19 pandemic has forced many end-user industries, such as automotive, aerospace, and construction to stop their production, which has decreased the demand for fiberglass, hence negatively affecting the market growth.
Increase in use of fiberglass composite in the construction and automotive industry
Fiberglass is extensively used in the automotive industry owing to its high strength-to-weight ratio. Vehicles manufactured using high-strength and low-weight materials provide higher mileage and also enhance fuel efficiency. The application of fiberglass for improving fuel efficiency also helps automotive manufacturers for meeting the strict regulations imposed on the industry for reducing carbon dioxide emissions. In the construction industry, fiberglass is used as a wall covering for decoration, finishing of walls, fire protection, and renovation of ceilings & walls. These factors boost market growth.
The global fiberglass market is segmented based on the type, form, manufacturing process, resin, and industry.
A- Glass Fiber
C- Glass Fiber
D- Glass Fiber
E- Glass Fiber
Advantex Glass Fiber
ECR Glass Fiber
AR Glass Fiber
R- Glass Fiber
S2 Glass Fiber
M- Glass Fiber
Z- Glass Fiber
The E-glass fiber is expected to hold the largest market share of about 21% owing to its cost efficiency and low weight. It is also corrosion-resistant and has numerous applications in industries such as marine, electronics & electrical, and wind energy. The ECR glass fiber segment is estimated to grow at the fastest rate, while the D-glass fiber segment surpasses a value of USD 1,708.5 million by 2025.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report- https://www.astuteanalytica.com/request-sample/fiberglass-market
Chopped strand mat
The tow segment is estimated to dominate the market with around 29% owing to the high demand for fiberglass in tow form. The chopped strand mat segment is expected to grow at the fastest rate of 6.9%. The tape segment is anticipated to cross the cloth segment by 2023 and become the sixth-largest contributing segment.
By Manufacturing Process
The continuous filament segment is expected to hold the largest market share owing to its increasing adoption for the manufacturing of fiberglass.
The polyester segment held the largest market share of around 38% owing to its high usage, while the epoxy segment is anticipated to grow at a CAGR of 6.2% owing to the strong bond it can create as compared to other resins.
Aircraft and Aerospace
Corrosion Resistant Equipment
The construction industry segment is estimated to hold the dominant market share of over 30% due to its high usage in a varied range of building applications, such as walls, roofs, ladders, windows, and panels. The aircraft & aerospace segment is expected to grow at the fastest rate of 9.7% and the marine industry is anticipated to hold a market value of around USD 1,210.4 million by 2025.
On a regional basis, the global fiberglass market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Request Full Report- https://www.astuteanalytica.com/request-sample/fiberglass-market
The Asia Pacific region held the largest market share of around 52% in the global market owing to the rising automotive and construction sectors in the region. Also, the increasing industrialization in countries such as India, Japan, and China is estimated to contribute to the market growth. The Middle East & African region witnessed a growth rate of about 5.8% owing to the growing automobile sector in the region.
Key players operating in the global fiberglass market include AGY Holding Corp, Asahi Fiberglass Co., Ltd., Binani 3B-the Fibreglass Company, CertainTeed Corporation, Chongqing Polycomp International Corp. (CPIC), Johns Manville Corp., Jushi Co., Ltd., Knauf Insulation, Nippon Electric Glass Co., Ltd., Owens Corning, PFG Fiber Glass Co., Ltd., Saint-Gobain Vetrotex, Taishan Fiberglass Inc., and Taiwan Glass Ind. Corp., among others.
The cumulative market share of the nine major players is near about 55%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in July 2021, Owens Corning acquired Vliepa GmbH, a building materials products company. This strengthened Owens Corning's position in the nonwovens portfolio for catering to its European customers in a better way and accelerating the growth of the construction and building products' portfolio.
The global fiberglass market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Fiberglass market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Fiberglass market report answers questions such as:
What is the market size and forecast of the Global Fiberglass Market?
What are the inhibiting factors and impact of COVID-19 on the Global Fiberglass Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Fiberglass Market?
What is the competitive strategic window for opportunities in the Global Fiberglass Market?
What are the technology trends and regulatory frameworks in the Global Fiberglass Market?
What is the market share of the leading players in the Global Fiberglass Market?
What modes and strategic moves are considered favorable for entering the Global Fiberglass Market?
About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Get in touch with us:
Phone number: +18884296757
Visit our website: https://www.astuteanalytica.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fiberglass Market Share, Size, Growth Insights, Top Countries Data, Key Players, Opportunity and Challenges Forecast 2022-2027 | Taishan Fiberglass Inc., and Taiwan Glass Ind. Corp., here
News-ID: 2745804 • Views: 135
More Releases from Astute Analytica
Asia Pacific Marine Battery Market Industry Growth, Top Companies Share, Size, a …
Astute Analytica published a new report on the Global Asia Pacific Marine Battery Market. The global markets report analysis of the growth momentum and revenue inflows in this industry, including the impact of COVID-19. The market study report presents important factors that positively and negatively affect the growth of this vertical in order to suggest stakeholders in making decisions. In addition, the report offers data on the past, present, and
Japan Emerging Technologies in Smart Cities Market Report Size, Share, Growth, A …
According to the study published by Astute Analytica, the Japan Emerging Technologies in Smart Cities Market is anticipated to witness a rise in its revenue from US$ 9,968.3 Mn in 2021 to US$ 22,750 Mn by 2027. The market is registering a CAGR of 14.7% over the forecast period 2022-2027. The market is majorly driven by factors such as rising need for public safety & communication infrastructure, increasing number of government initiatives
Technology Scouting Service Market 2022 Forecasts By Top Manufacturers, Trade St …
The study undertaken by Astute Analytica foresees a growth in revenue of the Global Technology Scouting Service Market from US$ 1,069.43 Mn in 2021 to US$ 1,813.36 Mn by 2030. The market is registering a CAGR of 6.25% over the projection period 2022-2030. The market is majorly driven by the rising demand from various end-use industries. Technology scouting is an element of technology management in which emerging technologies are identified and technology related information is channeled
Indoor Delivery Robot Market 2022 Size Analysis By Growth, Trends, and Future Op …
The global Indoor Delivery Robot Market valued at a market size of USD 16.63 Million in 2021 and is expected to reach USD 253.76 Million by 2027. The indoor delivery robot market is anticipated to grow at a CAGR of 22.5% over the forecast period. The landscape of robotics technology is evolving rapidly, across many industries for various applications. Indoor delivery robot is a substitute for a delivery person. The robot
More Releases for Fiber
Global Hollow Fiber Filtration Market
Global Hollow Fiber Filtration Market was valued US$ 242.0 Mn in 2017 and is estimated to reach US$ 710.4 Mn by 2026, at a CAGR of 14.41% during a forecast period. For More Information Visit https://www.maximizemarketresearch.com/market-report/global-hollow-fiber-filtration-market/16948/ Hollow Fiber Filtration Market is segmented into Technique, Material, Application, by End-user and Region. In terms of Technique is classified into Microfiltration and Ultrafiltration. In terms of Material, the Hollow Fiber Filtration Market is categorized into
Advancements in Blended Fiber Market
Blended fiber is manufactured by blending or mixing two or more different kinds of fiber to create a new fiber having unique properties. Blended fabrics are manufactured to cater to particular applications that require specific properties. Various kinds of blended fiber can be prepared with different properties for varied applications. Read report overview at: https://www.transparencymarketresearch.com/blended-fiber-market.html Based on raw materials used for making blended fiber, the blended fiber market can be categorized
Graphite Fiber Felt Market Outlook 2023 Ceramaterials, Fiber Materials
A market study ” Global Graphite Fiber Felt Market ” examines the performance of the Graphite Fiber Felt market Size 2017. It encloses an in-depth Research of the Graphite Fiber Felt market state and the competitive landscape globally. This report analyzes the potential of Graphite Fiber Felt market in the present and the future prospects from various angles in detail. Get Free Sample Of Report: https://goo.gl/x9GJpP The Global Graphite Fiber Felt Market
Global Concrete Fiber Market 2017: Anteng Gangxianwei, Taian Tongban Fiber, Junw …
Global Concrete Fiber research report provides the complete and precise view of the market during the forecast period from 2017-2022. The Concrete Fiber market Report enlists the different factors which can help the readers in transforming their knowledge into vital business decisions. To start with the Concrete Fiber report analyses the market development based on market gains, extensive product applications, dominant market regions and the companies within these regions. At an
Natural Fiber Composites Market
With the increasing concern due to the recyclability and biodegradability composites such as glass and carbon, natural fiber composites serves as perfect replacement. Attributing to added properties such as high durability, low density, lightweight and cost effectiveness, natural fiber composites have gained significant traction. Natural fiber composites are reinforced matrices structure formed using natural fibers. Natural fiber such as coir, jute, bagasse, cotton, bamboo, hemp are used to manufacture high
Global Knitting Carbon Fiber Cloth Market 2017 : SGL, Zhongfushenying Carbon Fib …
Knitting Carbon Fiber Cloth A market study based on the " Knitting Carbon Fiber Cloth Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Knitting Carbon Fiber Cloth Market 2017’. The research report analyses the historical as well as present performance of the worldwide Knitting Carbon Fiber Cloth industry, and makes predictions on the future status of Knitting Carbon Fiber Cloth market on the