Fiberglass Market Size, Share Analysis & Industry Growth Report 2024-2031 | Owens Corning, PPG Industries Inc, Taiwan Glass Ind Corp, Johns Manville Corp

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 by DataM Intelligence provides comprehensive 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. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Market Overview :

Metal biocides particularly silver-based variants are being incorporated into a growing array of products across multiple industries. Their antimicrobial properties make them ideal for applications in water treatment, textiles, paints, varnishes, polymers, household appliances, medical devices, sanitary ceramics, and a variety of consumer products such as disinfectants, baby bottles, cosmetics, and cleaning solutions.

This expanding adoption of metal biocides is contributing to the increased demand for fiberglass, as it is widely used as a carrier or structural material in many of these applications. The versatility and compatibility of fiberglass with different biocide-infused products are helping propel the growth of the global fiberglass market.

Evolving Market Forces and Opportunities:

Growing Demand for Antifouling Paints Boosts Fiberglass Market

Antifouling paints play a crucial role in protecting ships and marine structures from the accumulation of marine organisms, which can lead to structural damage and increased fuel consumption due to drag. These specialized coatings often incorporate fiberglass components, which enhance durability and support the active biocidal ingredients that inhibit marine growth.

With global maritime trade on the rise, the need for effective antifouling solutions is growing steadily. According to the United Nations Conference on Trade and Development (UNCTAD), the volume of maritime trade is projected to climb from 11 billion tons in 2016 to 19 billion tons by 2060. This surge in marine transport is expected to significantly boost the demand for antifouling paints-consequently driving growth in the fiberglass market as well.

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.

Research Methodology:

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.

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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)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Recent Developments

In April 2023, Saint-Gobain, the French multinational glass maker, bought a 400-crore (USD 33.02 million) stake in Indian fiberglass manufacturer Twiga Fiberglass Ltd. The company had previously agreed with Saint Gobain to manufacture glass wool. The acquisition is expected to strengthen Saint Gobain's position in the Indian market.

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

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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)

Most Frequently Asked Questions in the Fiberglass Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Fiberglass market?

➠ Who are the top manufacturers in the global Fiberglass industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Fiberglass market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Fiberglass market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Fiberglass industry landscape?

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