Fiberglass Market to Cross USD 26 Billion by 2031 | China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc.

The Fiberglass Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Fiberglass market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Global Fiberglass Market reached USD 17.6 billion in 2022 and is projected to witness lucrative growth by reaching USD 26 billion by 2031. The market is growing at a CAGR of 5.0% during the forecast period 2024-2031.

The fiberglass market involves the production and use of fiberglass, a strong, lightweight material made from fine fibers of glass, used in various industries such as construction, automotive, aerospace, and marine. Fiberglass is prized for its durability, corrosion resistance, and insulating properties. The market is driven by the increasing demand for energy-efficient, lightweight materials, as well as the growing use of fiberglass in wind turbine blades, construction materials, and electric vehicle components.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., Binani 3B-The Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co., Ltd. and Asahi Fiberglass Co., Ltd.

Key Developments:

In April 2023, Saint-Gobain, the French multinational glass manufacturer, acquired a 400-crore (USD 33.02 million) stake in Twiga Fiberglass Ltd., an Indian fiberglass producer. This move follows a prior agreement between the two companies to manufacture glass wool, and is expected to enhance Saint-Gobain's market presence in India.

In May 2023, Jushi Group, one of China's largest fiberglass manufacturers, donated advanced Inductively Coupled Plasma Spectrometer (ICP) equipment to Egypt's National Research Center (NRC). This high-tech device will aid in the quantitative and qualitative analysis of the mineral composition of glass fiber, supporting research and innovation in the field.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Fiberglass market has been segmented

By Product: Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand, Others.

By Glass Type: S-Glass, E-Glass, C-Glass, ECR-Glass, Ar-Glass, A-Glass, Others.

By Application: Plastics, Detergents, Resins, Synthetic Fibers, Dyes, Pesticides & Drugs, Others.

Research Process

Both primary and secondary data sources have been used in the global Fiberglass Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Fiberglass Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Fiberglass market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Fiberglass Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Fiberglass market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Fiberglass Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Fiberglass market?

➠ Who are the global key manufacturers of the Fiberglass Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Fiberglass market opportunities and threats faced by the vendors in the global Fiberglass Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Fiberglass market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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