Fiberglass - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Fiberglass Market is accounted for $17.10 billion in 2019 and is expected to reach $34.07 billion by 2027 growing at a CAGR of 9.0% during the forecast period. Some of the key factors propelling the market growth are growing construction industry, increased use of fiberglass in the automotive sector, and the increasing popularity of renewable energy. However, difficulty in the recycling of glass wool is the restraining factor for the growth of the market.
Fiberglass is made by pouring molten glass through superfine holes. It is considered to be a type of fiber-reinforced plastic, in which the reinforced fiber is specifically glass fiber. Fiberglass is utilized to develop varied products owing to its strength and lightweight.
By application, the composites segment is expected to grow at a significant market share during the forecast period owing to the increasing use of composites in a wide array of end-use industries. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the large population, the presence of key players, and rapid urbanization in the developing economies.
Some of the key players in Fiberglass Market include Saint-Gobain, Nippon Electric Glass Co, Owens Corning, AGY Holding Corp, KCC Corporation, Nitto Boseki Co, Taiwan Glass Ind Corp, Taishan Fiberglass Inc, China Jushi Co, Saertex GmbH & Co Kg, Johns Manville Corp, Certainteed Corporation, Binani 3b-The Fibreglass Company, Soda Sanayii As, Knauf Insulation, Chongqing Polycomp International Corp, Asahi Fiberglass Co, and PFG Fiber Glass.
Resin Types Covered:
• Thermoplastic Resins (Peek)
• Thermoset Resins
Glass Types Covered:
• Other Glass Types
• Assembled Roving
• Chopped Strand
• Glass Wool
• Direct Roving
• Surface Tissue
• Roofing Tissues
• Woven Roving
• Other Products
• Compression Molding
• Injection Molding
• Filament Winding
• Resin Infusion Molding
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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