Press release
Fiberglass Market Growth Expected to Reach USD 47.94 Billion by 2030
Fiberglass Market
The global fiberglass market was valued at USD 29.46 billion in 2023 and is projected to reach USD 47.94 billion by 2030, growing at a CAGR of 7.2% during the forecast period from 2024 to 2030. This surge is primarily driven by the rising demand for lightweight and durable materials in the automotive, construction, aerospace, wind energy, and electrical & electronics industries.
Glass fiber-reinforced plastic is commonly referred to as fiberglass. The fibers may be woven into glass fabric, flattened into a sheet called a chopped strand mat, or stacked at random. It is possible for the plastic matrix to be either thermoplastic or thermoset polymer, which is frequently based on thermosetting polymers such as vinyl ester resin, epoxy, or polyester resin. It is transparent to electromagnetic radiation, non-magnetic, non-conductive, stronger by weight than many metals, pliable, and chemically inert in a variety of situations. Applications include things like airplanes, boats, automobiles, bath tubs and enclosures, swimming pools, hot tubs, septic tanks, water tanks, roofs, pipelines, cladding, orthopaedic casts, surfboards, and exterior door skins.
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/2602/
๐๐ฅ๐จ๐๐๐ฅ ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The market is heavily influenced by technological advancements and innovations, particularly in wind energy and printed circuit boards (PCBs). The aerospace and automotive sectors are increasing their use of fiberglass due to its superior strength-to-weight ratio and resistance to corrosion, which are ideal for manufacturing durable, high-performance products.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Vietnam's growing industrial sector presents significant opportunities in the fiberglass market, particularly in construction and automotive applications. The shift towards more energy-efficient materials in infrastructure development has boosted demand for fiberglass. Additionally, Vietnam's expanding automotive market is creating new avenues for fiberglass suppliers.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ
Thailand's fiberglass market is experiencing growth, especially in the construction and electronics sectors. The government's push for energy-efficient building materials has driven demand for fiberglass insulation. Moreover, Thailand's rapidly growing electronics industry, particularly in PCB manufacturing, continues to propel market demand.
๐๐๐ฉ๐๐ง: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ฆ๐๐ง๐
Japan is seeing steady growth in the fiberglass market, driven by innovations in wind energy and automotive sectors. As one of the leaders in wind energy technology, Japan's demand for fiberglass in wind turbine blades is growing. Additionally, the country's automotive industry is adopting lightweight fiberglass to meet fuel efficiency and sustainability standards.
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/2602/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
In South Korea, the fiberglass market is witnessing consolidation as major manufacturers seek to strengthen their positions in the construction and automotive sectors. The government's focus on renewable energy has led to increased demand for fiberglass in wind turbine blade production. South Korea's innovation in electronics manufacturing is also contributing to the fiberglass sector's growth.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Singapore's fiberglass industry is seeing an uptick in demand due to increased government spending on infrastructure and renewable energy projects. The country is increasingly using fiberglass in construction for insulation purposes and in the automotive industry for lightweight materials. Additionally, advancements in smart electronics are driving growth in PCB applications.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
In the United States, the fiberglass market is undergoing significant consolidation, with key players such as Owens Corning and Saint-Gobain strengthening their market share. The U.S. market is expanding with increased investments in renewable energy and growing demand for fiberglass-reinforced plastics in manufacturing industries. Government incentives for energy-efficient technologies also contribute to market growth.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Europe is leading the fiberglass market with major growth in wind energy and automotive sectors. Countries like Germany and Spain are focusing on sustainability, leading to the adoption of fiberglass in wind turbine blade production and lightweight automotive components. Europe's stringent regulatory framework is pushing innovation in high-performance fiberglass materials.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/2602/
๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฅ๐๐ฌ๐ฌ ๐๐ฒ๐ฉ๐
E-Glass
ECR-Glass
H-Glass
AR-glass
S-Glass
Others
According to Glass Type, the E-glass segment led the fiberglass market in 2023 and is anticipated to maintain its dominant position during the forecast period. Electrical grade glass fibers, often known as E-glass, are frequently used in application sectors due to their low electrical conductivity. The physical and mechanical characteristics of low alkali E-glass, such as its low cost, high production rates, high strength and stiffness, high temperature, and resistance to flame and heat, significantly impact the demand for the product. Products made of e-glass are very flexible and resistant to vibration and abrasion. Applications for this lightweight woven plastic cloth are common in the industrial, aerospace, and maritime sectors.
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Glass Wool
Roving
Chopped Strand
Yarn
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Transportation
Building & Construction
Electrical & Electronics
Pipe & Tank
Consumer Goods
Wind Energy
Others
๐๐จ ๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/fiberglass-market/2602/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Mergers and Acquisitions: Several key players are consolidating to enhance product offerings and expand their market presence.
Technological Advancements: Innovations in lightweight composites and fiberglass applications in renewable energy are driving market growth.
Regulatory Developments: Stringent environmental regulations are encouraging the adoption of sustainable fiberglass production methods.
๐ ๐ข๐๐๐ซ๐ ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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)
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
Service Analytics Market https://www.maximizemarketresearch.com/market-report/service-analytics-market/188072/
Wax Melts Market https://www.maximizemarketresearch.com/market-report/wax-melts-market/195630/
Asia Pacific Military Land Vehicle Market https://www.maximizemarketresearch.com/market-report/asia-pacific-military-land-vehicle-market/195316/
Hand Crank Power Generator Market https://www.maximizemarketresearch.com/market-report/hand-crank-power-generator-market/196253/
Data Extraction Market https://www.maximizemarketresearch.com/market-report/data-extraction-market/198319/
Artificial Intelligence Market https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-market/11207/
Fire Sprinkler Market https://www.maximizemarketresearch.com/market-report/global-fire-sprinkler-market/30052/
Text Analytics Market https://www.maximizemarketresearch.com/market-report/global-text-analytics-market/16089/
Hernia Repair Market https://www.maximizemarketresearch.com/market-report/global-hernia-repair-market/8479/
Animal Genetic Market https://www.maximizemarketresearch.com/market-report/global-animal-genetic-market/31913/
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โ +91 9607365656
๐ sales@maximizemarketresearch.com
๐ www.maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Growth Expected to Reach USD 47.94 Billion by 2030 here
News-ID: 3817818 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Electric Enclosure Market to Reach USD 115.16 Billion by 2032, Growing at 8.57% โฆ
Electric enclosures are protective cabinets designed to house electrical and electronic components such as switches, circuit boards, and displays. Their primary purpose is to safeguard users from electric shocks while protecting sensitive equipment from environmental hazards. Typically installed within walls, electric enclosures offer both functional and aesthetic benefits by concealing wires and maintaining a clean, organized look.
These enclosures find widespread applications across multiple sectors including power transmission and distribution, energyโฆ
India Automotive Aftermarket: Rising Focus on Vehicle Maintenance, Upgrades, and โฆ
India Automotive Aftermarket - Market Overview
The India Automotive Aftermarket represents a critical pillar of the country's mobility ecosystem, encompassing replacement parts, accessories, diagnostics, maintenance, and repair services for vehicles already in operation. Valued at USD 10.3 billion in 2023, the market is benefiting from India's expanding vehicle parc of over 340 million vehicles, increasing vehicle age, and rising consumer awareness around preventive maintenance. The aftermarket plays a vital role inโฆ
Parcel Delivery Market: Growing Demand for Fast, Reliable, and Technology-Driven โฆ
Parcel Delivery Market Insights
Market Overview
The Global Parcel Delivery Market is experiencing steady growth driven by increasing e-commerce adoption, internet penetration, and cross-border trade. Parcel delivery involves transporting goods via road, rail, air, or sea, with services ranging from express delivery to standard courier options. The sector benefits from technological advancements, such as GPS tracking, RFID, autonomous delivery vehicles (ADVs), and electric vehicles (EVs) for last-mile delivery, improving efficiency and customerโฆ
Tire Retreading Market: Rising Focus on Cost-Effective, Sustainable, and High-Pe โฆ
Global Tire Retreading Market - Overview
The Global Tire Retreading Market is an integral part of the circular economy, offering a sustainable alternative to new tires by reducing raw material consumption and energy usage during production. Retreaded tires are widely used in commercial and transport vehicles, providing cost-effective, environmentally friendly solutions without compromising performance or durability. The adoption of retreading technologies is transforming supply chains in the transportation sector, enabling companiesโฆ
More Releases for Glass
Depression Glass Market 2023- Industry Revenue and Price | Hazel-Atlas Glass Com โฆ
The Depression Glass market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with developmentโฆ
Auto Glass Market Is Booming Worldwide | Fuyao Glass, Webasto, Xinyi Glass, Asah โฆ
Advance Market Analytics published a new research publication on "Auto Glass Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Auto Glass market was mainly driven by the increasing R&D spending across the world. Some of the key players profiledโฆ
Glass Easy-clean Glass Market 2019| Pilkington Glass, PPG Industries, Ravensby W โฆ
The global market status for Easy-clean Glass is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled โGlobal Easy-clean Glass Marketโ Research Report 2019, which tends to deliver in-depth knowledge associated to the Easy-clean Glass market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue andโฆ
Global Ground Glass Market 2017- CSG, XINYI Glass, JINJING Glass, SYP Glass, Yao โฆ
The market research report by QY Research provides detailed study on the overall Ground Glass market size, its financial positions, its unique selling points, key products, and key developments. This research report has segmented the Ground Glass market based on the segments covering all the domains in terms of type, country, region, forecasting revenues, and market share, along with analysis of latest trends in every sub-segment.
CLICK HERE to Request Sampleโฆ
Global Low-E Glass Market: Xinyi Glass, Taiwan Glass, Zhongli Holding, Yaohua Pi โฆ
Global Market Study Evaluate on Low-E Glass Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Low-E Glass market report is:
This report offers a comprehensive evaluation of the Low-E Glass market. It does so by in-depth qualitative insights, historical Low-E Glass market data, and verifiable projections about global Low-E Glass market size. The projections featured in the Low-E Glass market report have beenโฆ
Global Ground Glass Sales Market 2017 - XINYI Glass, JINJING Glass, SYP Glass, Y โฆ
The study Global Ground Glass Sales Industry 2017 is a detailed report scrutinizing statistical data related to the Global Ground Glass Sales industry. Historical data available in the report elaborates on the development of the Ground Glass Sales market on a Global and national level. The report compares this data with the current state of the market and thus elaborates upon the trends that have brought the market shifts.
Download Sampleโฆ
