The global fiberglass market is likely to reach USD 15.79 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the rising demand for insulated building roofs and walls. The low heat distribution gradient and non-conductive nature of fiberglass, which make it suitable for utilization in the construction of insulated roofs and walls, has driven the fiberglass market. Extensive usage of fiberglass composites across various industries, such as chemical & petrochemical, oil & gas, pulp & paper, offshore drilling, mining & mineral, waste & wastewater, metal processing, and food processing industries, is contributing to the fiberglass market. A key factor driving the market is that fiberglass composites are highly customizable and they offer several advantages over traditional materials.
In addition, the study on the Fiberglass market for the forecast period, 2020 – 2027 quantifies the share occupied by the prominent players of the industry and enlightens the business owners from the fast-growing investment pockets and competitive landscape. Furthermore, the industry is classified into various segments with a detailed assessment of each and every aspect such as gross margin, profits, import and export status and others. All vital statistics are presented with the help of charts, tables and graphic images, which can be easily incorporated into any business presentation.
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Key Highlights of Report
In August 2020, Owens Corning announced a new product line called FOAMULAR® NGX insulation. The proprietary blowing agent in this new line of extruded polystyrene (XPS) foam products delivers 90% reduction in global warming potential (GWP), without sacrificing product performance.
The glass wool segment held the largest market share of 33.5% in 2019. Increasing expenditure on ongoing construction projects in developed as well as developing economies has resulted in increased demand for glass wool.
The composites segment is projected to expand at the most rapid CAGR of 5.0% during the forecast period. The non-conductive nature and lower heat distribution gradient of fiberglass help in making it a great electric insulator. Also, it saves energy and lowers utility bills, which has increased utilization of fiberglass composites in the construction & infrastructure industry.
The automobiles segment accounted for the largest market share in 2019. Increasing automotive sales in the Asia Pacific region have driven use of fiberglass components in the manufacture of automobile parts.
The Asia Pacific market is expected to expand at the most rapid rate during the forecast period. Growing urbanization and rising purchasing power of consumers have resulted in increasing automotive sales in the region, which is expected to drive the fiberglass market in Asia Pacific during the forecast period.
Key market participants include TAISHAN FIBERGLASS INC. (CTG), Owens Corning, Nippon Electric Glass Co., LTD., Binani 3B-The Fibreglass Company, China Jushi Co., Ltd., Taiwan Glass Ind Corp., PFG Fiber Glass (Kunshan) Co., Ltd., Johns Manville Corp., Knauf Insulation, and AGY Holding Corp.
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Type Outlook (Revenue, USD Billion; 2017–2027)
Roving
Glass Wool
Chopped Strands
Yarn
Others
Application Outlook (Revenue, USD Billion; 2017–2027)
Composites
Insulation
End-use Outlook (Revenue, USD Billion; 2017–2027)
Wind Energy
Automobiles
Aerospace
Building & Construction
The research provides answers to the following key questions:
What will be the growth rate of the Fiberglass market for the forecast period, 2020 - 2027? What will be the market size during the estimated period?
What are driving forces keeping the prospects of the Fiberglass market across different countries high?
Who are the prominent market players and what is their approach to stay competitive?
What are some of the key trends in the Fiberglass industry?
What are the major challenges expected to hinder the growth of the industry in the coming years?
What opportunities can the business owners bank on to generate more profits and reduce cost?
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Fiberglass (QCL) Market Segmentation & Impact Analysis
4.1. Fiberglass (QCL) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Demand for Fiberglasss in Healthcare Applications
4.2.2.2. Increasing Use of Fiberglasss in Gas Sensing
4.2.3. Market restraints analysis
4.2.3.1. High Cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Fiberglass (QCL) Market By Fabrication Technology Insights & Trends, Revenue (USD Million)
Chapter 6. Fiberglass (QCL) Market By Packaging Type Insights & Trends Revenue (USD Million)
Chapter 7. Fiberglass (QCL) Market By Mode of Operation Insights & Trends Revenue (USD Million)
Chapter 8. Fiberglass (QCL) Market By End Use Insights & Trends Revenue (USD Million)
Chapter 9. Fiberglass (QCL) Market Regional Outlook
Continued…
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