Fiberglass Market Segmented by Regions, Types and Applications with Forecast Report from 2020 – 2025

Posted on 2020-10-08 by researchinsights in Chemicals // 0 Comments

Felton, Calif., USA, Oct. 08, 2020 — /EPR Network/ — Global Fiberglass Market is anticipated to reach USD 21.27 billion by 2025. Fiberglass implies fiber-reinforced plastic where reinforcement fiber is mainly glass fiber. It is developed by pouring molten glass via superfine holes. The factors that drive the growth of the fiberglass industry include an increasing number of wind turbine installations, use of fiberglass composites by the automotive industry for enhanced performance, and extensive use of fiberglass in the construction industry. On the other hand, there are factors that may hamper the growth of the market including high manufacture cost of fiberglass. Fiberglass Market is anticipated to grow at a significant CAGR of 5.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by type, application, end user, and geography. The key applications that could be explored in the market include Composites, and Insulation. The “Composites” segment led the Fiberglass industry in 2016 and is anticipated to maintain its dominance by 2025. The market could be explored based on Type as Yarn, Glass Wool, Chopped Strands, and Roving. The “Wool” segment led the Fiberglass Market in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing use of glass wool in construction sector for insulation. The rising construction expenditure in emerging countries is an important factor expected to drive the demand for glass wool in the forecast period. “Wool” segment is followed by “Chopped” segment.

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Fiberglass industry may be analyzed by end user as Building and Construction, Automobiles, Wind Energy, and Aerospace. The “Automotive” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to the fact that fiberglass is mainly used in manufacturing of automobile parts such as body panels, decks, load floors, wheelhouse assemblies, dash panel assemblies, battery boxes, and front fascia.

Some of the key players that fuel the growth of the Fiberglass industry comprise Jushi Group Co. Ltd., Corning, Taishan Fiberglass Inc., Zibo Zhuoyi Fiberglass Material Co. Ltd., Chongqing Polycomp International Corp., Johns Manville, Shandong Fiberglass Group Co. Ltd., XingtaiJinniu Fiberglass Co. Ltd., CPIC Abahsain Fiberglass M.E., W.L.L., and Glasstex Fiberglass Materials Corp. The leading companies are taking up mergers, and acquisitions, partnerships, and joint ventures in order to boost the inorganic growth of the industry.

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)

North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
South Korea
Central & South America
Middle East & Africa

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Table of Contents

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Fiberglass Market Variables, Trends & Scope

Chapter 4 Fiberglass Market: Application Estimates & Trend Analysis

Chapter 5 Fiberglass Market: Type Estimates & Trend Analysis

Chapter 6 Fiberglass Market: End use Estimates & Trend Analysis

Chapter 7 Fiberglass Market: Regional Estimates & Trend Analysis

Chapter 8 Competitive Landscape

Chapter 9 Company Profiles

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