Fiberglass Market Report Overview:
Maximize Market Research published reports that help clients to understand the landscape of the Fiberglass Industry that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Fiberglass is likely to be. The Fiberglass market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Fiberglass Industry Analysis and Progression:
Fiberglass Market was valued at USD 29.46 Billion in 2023, and it is expected to reach USD 47.94 Billion by 2030, exhibiting a CAGR of 7.2 % during the forecast period (2024-2030)
Fiberglass Market Dynamics:
Rising demand for power generation from the wind industry
Fibreglass wind turbine blades are typically formed of marine-grade stranded E-glass fibres that have been sewn together and injected with a vinyl ester, polyester, or epoxy matrix. Fibreglass textiles are used in the fabrication of lightweight rotor blades, which has a substantial impact on product demand during the projection period. Increased investment in wind technology development by key manufacturers such as GE, particularly in fabric wind turbine blades, is expected to enhance fibreglass demand.
Traditional wind turbines are built of hard fibreglass, which makes them difficult to build and transport. When used in wind turbine blades, fibreglass fabric offers several advantages, including its light weight and the capacity to build longer blades at up to 40% less cost.
Fiberglass Market Scope and Research Methodology:
The purpose of this research is to evaluate and forecast the size of the Technology in Food Services market. It provides strategic profiles of key market companies, providing a realistic picture of the competitive landscape in the global Fiberglass market. This contains a thorough examination of recent developments such as new product introductions, acquisitions, mergers, joint ventures, brand activities, and important players in the Fiberglass business. The research provides insights into industry trends, dynamics, and potentials, helping professionals stay up to date on the current trends and sector performance. This information helps project increase and reduction in Fiberglass market share during the predicted period.
A combination of primary and secondary research methodologies was used to gain a thorough grasp of technology in the food service business. To achieve reliable results, a variety of approaches were used, including PESTLE, PORTER, and SWOT analysis. SWOT analysis was used to identify the strengths, weaknesses, opportunities, and problems of important companies in the Fiberglass business. Furthermore, the application of PORTER and PESTLE analysis enabled for a better knowledge of the microeconomic and macroeconomic issues driving the Fiberglass market.
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Fiberglass Market Segmentation:
by Glass Type
E-Glass
ECR-Glass
H-Glass
AR-glass
S-Glass
Others
According to the Glass Type, the E-glass sector dominated the fibreglass industry in 2023 and is expected to maintain the greatest fibreglass market share during the projected period. Because of its low electrical conductivity, E-glass or electrical grade glass fibres are widely used in several industries. Low alkali E-glass physical and mechanical properties, such as low cost, high production rates, high strength and stiffness, high temperature, flame, and heat resistance, all have a significant impact on product demand. E-glass products are particularly abrasion and vibration resistant, as well as highly flexible. This lightweight, woven plastic cloth is widely used in nautical, industrial, and aerospace applications.
by Product
Glass Wool
Roving
Chopped Strand
Yarn
Others
The fibreglass market is divided into several product categories, including glass wool, yarn, roving, chopped strands, and others. The glass wool category accounted for the highest proportion of the fibreglass market in 2023 and is likely to dominate the industry during the forecast period. Glass wool is a widely used interior thermal and acoustic insulation material. They are most commonly utilised under pitched roofs, on hardwood floors, and on interior walls. Glass wool is mostly found inside the home because it loses its insulating properties when wet.
Glass filament bundles are cut into precise lengths to create chopped strands of these fibres. Coated with a scale to increase processability and efficiency. Suitable for compounding and injection moulding technologies. Chopped Strands are used for strengthening.
by Application
Transportation
Building Construction
Electrical Electronics
Pipe Tank
Consumer Goods
Wind Energy
Others
The market is divided into several applications, including transportation, building and construction, electrical and electronics, pipe and tank, consumer goods, wind energy, and others. The transportation segment dominated the fibreglass market in 2023 and is expected to hold the largest share of the fibreglass industry during the forecast period, owing to government regulations such as U.S. CAFE standards and carbon emission targets in Europe, which put pressure on OEMs to incorporate lightweight materials to reduce vehicle overall weight. The majority of these internationally made commodities are employed in the construction and automotive industries.
Fiberglass Market Key Players:
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)
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Fiberglass Market Regional Perspectives:
The report is divided into several key countries, each with its own market size, growth rate, import and export of Fiberglass. These countries include North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East.
Key Questions Addressed in This Report:
How has the Fiberglass market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Fiberglass market?
What is the regional breakup of the global Fiberglass market?
What are the price trends of various feedstocks in the Fiberglass industry?
What is the structure of the Fiberglass industry and who are the key players?
What are the various unit operations involved in a Fiberglass processing plant?
What is the total size of land required for setting up a Fiberglass processing plant?
What is the layout of a Fiberglass processing plant?
What are the machinery requirements for setting up a Fiberglass processing plant?
What are the raw material requirements for setting up a Fiberglass processing plant?
What are the packaging requirements for setting up a Fiberglass processing plant?
What are the transportation requirements for setting up a Fiberglass processing plant?
What are the utility requirements for setting up a Fiberglass processing plant?
What are the human resource requirements for setting up a Fiberglass processing plant?
What are the infrastructure costs for setting up a Fiberglass processing plant?
What are the capital costs for setting up a Fiberglass processing plant?
What are the operating costs for setting up a Fiberglass processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Fiberglass processing plant?
What is the time required to break even?
What are the profit projections for setting up a Fiberglass processing plant?
What are the key success and risk factors in the Fiberglass industry?
What are the key regulatory procedures and requirements for setting up a Fiberglass processing plant?
What are the key certifications required for setting up a Fiberglass processing plant?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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