Fiberglass Market to Expand at 4.7% CAGR Till 2025-end as Demand for Lightweight Materials Across Industries Increases - TMR

News provided by

Jul 18, 2019, 08:00 ET

ALBANY, New York, July 18, 2019 /PRNewswire/ -- Transparency Market Research (TMR) predicts that the global fiberglass market is likely to expand with an impressive CAGR of 4.7% during the forecast period from 2017 to 2025. This growth is attributable to the wide applications in various end-use industry such as aerospace, construction, automotive, electrical, and pharmaceutical. By the end of 2025, the market is likely to be worth US$10.8 bn. The fiberglass material exhibits excellent properties such as lightweight, moderate tensile, compressive strength, easy handling, and outstanding electrical properties. The material is majorly considered as a less expensive composite fabric; thus, the material is witnessing highest adoption from the automotive industry.

Request a Sample of Global Fiberglass Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1945

Consolidation of the Market Stiffens the Competition

TMR estimates that the global fiberglass market features a consolidative vendor landscape with a few players operating and dominating in terms of revenue. The intensity of the competition among the key players is estimated to increase as the key players will try to tap in the available opportunities by adopting micro and macro-economic strategies for gaining a profitable edge in the market.

Highest capitalization for product innovation and for expanding the business to overseas are the key strategies adopted by the key players, which has paid off the most.
Additionally, a large number of companies are adopting advanced and newer technologies for the manufacturing of products to cater to customer requirements. Thus, players are focusing on the production of high-performance and high-quality products.
For instance, STI announced product line of lockable EnviroArmour Enclosures in the fiberglass and polycarbonate material, which limits the overheating. These wireless friendly and non-metallic lockable enclosures are reliable and durable, which will provide a shield against vandalism, weather, tampering, and theft.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=1945

Some of the leading players in the global fiberglass market include Taishan Fiberglass, Zibo Zhuoyi Fiberglass Material, Owens Corning, Shandong Fiberglass Group Co. Ltd., and Chongqing Polycomp International Corp.

North America to be Dominant Owing to the Strong Presence of Key Players

Regionally, with a 30% share, North America led the global fiberglass market in 2016 owing to the presence of the U.S., as it is a key consumer for fiberglass. The region features presence of established players including Owens Corning and Johns Manville coupled with the presence of several automotive manufacturers. Thanks to all these factors, the region is estimated to remain a key consumer for fiberglass in the coming years and dominant in terms of demand and revenue.

However, Asia Pacific is estimated to expand by exhibiting most the lucrative CAGR owing to the highest expansion of automotive and construction. Also, rising electricity generation from solar and wind energy in the region is benefiting the market; also, this is estimated to be same in years to come. Thus, this factor is expected to offer the most lucrative opportunities in the global fiberglass market especially in developing countries such as India and China.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1945

Here are other factors, which are influencing market growth substantially:

Extensive application of fiberglass in the automotive, and the aerospace and defense
The use of fiberglass in construction and infrastructural development globally and especially in the developing countries are increasing.
Additionally, the strict emission standards implicated by authorities including the EEA and U.S. EPA.
Especially in the automotive, the fiberglass is used to constructs parts such as body panels, decks, load floors, wheelhouse assemblies, dash panel assemblies, and battery boxes. The increasing automotive manufacturing and sales in the Asia Pacific region.

This information is encompassed in the report by TMR, titled, "Fiberglass Market (By Glass Type - S-Glass, C-Glass, E-Glass, ECR-Glass, Others; Fiber Type - Rovings, Mats, Strands, Fabrics; Technology - Layup, Resin Infusion Molding, Injection Molding, Compression Molding, Filament Winding, Pultrusion, Others; Application - Automotive & Transportation, Aerospace & Defense, Wind Energy, Construction, Marine, Sports & Leisure, Pipe & Tank, Others; Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."

For the study, the fiberglass market has been segmented as follows:

Glass Type

S-Glass
C-Glass
E-Glass
ECR-Glass
Others

Fiber Type

Rovings
Mats
Strands
Fabrics

Technology

Layup
Resin Infusion Molding
Injection Molding
Compression Molding
Filament Winding
Pultrusion
Others

Application

Automotive & Transportation
Aerospace & Defense
Wind Energy
Construction
Marine
Sports & Leisure
Pipe & Tank
Others

Geography

North America

U.S.
Rest of North America

Europe

U.K.
Germany
France
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

Browse Chemicals & Materials Research Reports

Popular Research Reports by TMR:

Silica Flour Market: https://www.transparencymarketresearch.com/silica-flour-market.html
Vacuum Insulation Panels Market: https://www.transparencymarketresearch.com/vacuum-insulation-panels-market.html
Insulation Market: https://www.transparencymarketresearch.com/insulation-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: https://newsregal.com/