Our latest research report entitled Fiberglass Market (by applications (composites, insulation, and others), fiber types (yarns, rovings, mats, fabrics, strands, and others), end-user (automobiles, aerospace & defense, marine, pipe & tank, sports & leisure, wind energy, construction, and others)) provides complete and deep insights into the market dynamics and growth of fiberglass. Latest information on market risks, industry chain structure fiberglass cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential fiberglass growth factors. According to the report, the global fiberglass market is projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
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Fiberglass Market: Market Insight
Fiberglass is a composite material made of a plastic matrix reinforced by fine fibers of glass. These fibers, when mixed with resins becomes a high-performance lightweight material used in the various applications. There are various types of fiberglass available in the market that include, A-glass, C-glass, E-glass, AE-glass, S glass. Fiberglass is an extremely versatile material that has various forms.
The growing use of fiberglass in automobile, aircraft and aerospace manufacturing is driving the growth of the fiberglass market. Nowadays, the aluminum and steel in the manufacturing of the automobile parts are being replaced with the fiberglass products. The fiberglass is capable of providing a lightweight and low-cost solutions in the automobile, aircraft and aerospace manufacturing. In addition, they also provide high-temperature resistance, better tensile strength, and dimensional stability. The fiberglass has various properties including corrosion resistance, ability to withstand high temperatures and adverse conditions that makes them suitable in many industrial applications such as beverage industry, pulp, and paper industry, pulp and paper industry, power generation.
Fiberglass Market: Drivers and Restraints
The growing industrial applications of fiberglass is anticipated to boost the growth of the fiberglass market. Fiberglass is commonly used in aircraft, boats, automobiles, swimming pools, storage tanks, roofing, pipes, cladding, and casts. Furthermore, fiberglass-reinforced plastic made from fiberglass is one of the toughest and most durable substances on earth. The adoption of fiberglass in the construction industry is rising rapidly and is expected to escalate owing to the growth of the infrastructure in the developing regions. However, the availability of substitutes such as carbon fiber and health issues related to fiberglass is hampering the growth of the fiberglass market. Additionally, the increasing application of fiberglass in wind turbine blades is projected to create more growth opportunities for the fiberglass market in upcoming years.
Fiberglass Market: Regional Analysis
Geographically, North America held the maximum market share in the glass fiber market in 2016 and it is anticipated to be the dominating region over the forecast period. The high consumption of fiberglass across various industries in North America region is driving the growth of fiberglass market in this region. In addition, the presence of well-established players in this market is contributing to the growth of the fiberglass market. Furthermore, Asia Pacific is the fastest growing region in the fiberglass market owing to the high adoption of fiberglass in the constructing and automotive applications.
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Fiberglass Market: Segmentation
The report on global fiberglass market covers segments such as applications, fiber types, and end-user. On the basis of applications, the sub-markets include composites, insulation, and others. On the basis of fiber types, the sub-markets include yarns, rovings, mats, fabrics, strands, and others. On the basis of end-user, the sub-markets include automobiles, aerospace & defense, marine, pipe & tank, sports & leisure, wind energy, construction, and others.
Fiberglass Market: Competitive Landscape
The report provides profiles of the companies in the market such as Pioneer Natural Resources Company., Saint-Gobain, ECPlaza Network Inc., Johns Manville., China Jushi Co. Ltd, Owens Corning, Formosa Plastics Group, Chongqing Polycomp International Corp, Nippon Electric Glass Co., Ltd, and 3B - the fibreglass company.
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Reasons to Buy this Report:
Comprehensive analysis of global as well as regional markets of the fiberglass.
Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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