Fiberglass Market to Witness Massive Growth (2024-2031) | China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc.

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 report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Fiberglass Market is driven by its widespread use in industries such as automotive, construction, aerospace, and wind energy due to its lightweight, durable, and corrosion-resistant properties. Market growth is fueled by the increasing demand for energy-efficient building materials, lightweight automotive components, and renewable energy applications like wind turbine blades. Key trends include advancements in fiberglass composites, the rise of sustainable manufacturing practices, and the growing need for non-corrosive materials in marine and infrastructure projects. Additionally, the expanding demand for electric vehicles (EVs) and eco-friendly solutions supports the fiberglass market's expansion.

Forecast Growth Projected:

The Global Fiberglass Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Fiberglass Market:

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.

Industry Development:

In May 2023, Jushi Group, one of China's largest fiberglass manufacturers, donated high-technology equipment to Egypt's National Research Center (NRC). The donated device, an Inductively Coupled Plasma Spectrometer (ICP), is used for powerful quantitative and qualitative analysis of the mineral composition of glass fiber.

In December 2022, Jushi Group's subsidiary in Egypt commenced production at a new fiberglass production line with an annual capacity of 200,000 tons. This production line is part of the company's USD 320 million expansion plan in Egypt.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Fiberglass Market:

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.

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, Market Access, 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).

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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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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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