Global Fiberglass Market Research: Market Values, Report Scope, Research Methodology, Drivers, Restraints, and Regional Insights

14.09.2023: Fiberglass Market Report Scope and Research Methodology

Our research methodology is exhaustive, encompassing rigorous data collection and analysis. The report features extensive analyses, including PORTER and PESTEL assessments, gauging the potential impact of microeconomic factors on the market. It also scrutinizes both external and internal factors that could influence businesses positively or negatively, presenting a clear perspective on the industry's future for decision-makers.

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What are Fiberglass Market Dynamics?

Rising Demand for Wind Energy: Fiberglass wind turbine blades, crafted from marine-grade stranded E-glass fibers infused with a matrix, significantly boost product demand. Enhanced investment in wind technology by key manufacturers, like GE, with a focus on fabric wind turbine blades, is anticipated to propel fiberglass growth.
Increasing Demand for PCBs: Fiberglass textiles play a pivotal role in the production of printed circuit boards (PCBs), which are witnessing surging demand worldwide due to the growth of the electronics sector and consumer electronics market.

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What is Fiberglass Market Segmentation?

Glass Type: In 2022, the E-glass segment dominated the market, and it is projected to maintain the largest market share during the forecast period. E-glass, known for its low electrical conductivity, is extensively used in various industries due to its exceptional physical and mechanical properties, such as cost-effectiveness, high strength, flexibility, and flame resistance.
Product: Glass wool held the largest share in 2022, primarily used as indoor thermal and acoustic insulation material. Chopped strands, used as reinforcing materials in Fiber Reinforced Plastics (FRP) and Fiber Reinforced Thermoplastics (FRTP) for automotive and electronics, are also vital in the market.
Application: The transportation segment dominated the fiberglass market in 2022 and is poised to maintain its lead during the forecast period. This is due to government regulations and carbon emission targets, which push Original Equipment Manufacturers (OEMs) to incorporate lightweight materials to reduce overall vehicle weight. The automotive and construction sectors are prominent users of fiberglass materials.

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Who are 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)
23. 3B-The Fiberglass Company (Belgium)
24. Knauf Insulation (Belgium)
25. Gurit (Switzerland)
26. Chomarat (France)
27. Saint-Gobain (France)
28. Saertex GmbH & Co.KG. (Germany)

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Table of content for the Fiberglass Market includes:

Part 01: Executive Summary

Part 02: Scope of the Fiberglass Market Report

Part 03: Global Fiberglass Market Landscape

Part 04: Global Fiberglass Market Sizing

Part 05: Global Fiberglass Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Asia Pacific: The Asia Pacific region emerged as the market leader in 2022, driven by factors like increasing population, rising middle-class disposable income, industrialization, and urbanization. Countries such as China, Japan, India, South Korea, and Australia significantly contribute to the market's growth, with China being a prominent consumer due to the demand for sustainable fiberglass textiles.
North America: The recovery and expansion in the construction industry, coupled with a thriving electrical and electronics sector, aerospace and military applications, and competitive manufacturing facilities, are boosting the demand for fiberglass in this region.
Europe: Europe, a major market for fiberglass and the broader glass industry, benefits from a mature manufacturing industry, particularly in the United Kingdom and Germany. The aerospace and military sector in the UK and advanced manufacturing in Germany drive fiberglass demand.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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