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Market Size – USD 11.25 Billion in 2019, Market Growth – at a CAGR of 4.6{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73}, Market Trends – Advancements in infrastructure and construction industries
VANCOUVER, BC, CANADA, November 10, 2021 /EINPresswire.com/ — 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.
Emergen research has recently published a detailed report on the global Fiberglass market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Fiberglass market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Fiberglass market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
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The prominent players profiled in the report are:
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.
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{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} reduction in global warming potential (GWP), without sacrificing product performance.
The glass wool segment held the largest market share of 33.5{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} 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{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} 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.
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Furthermore, the report covers a comprehensive overview of the key regions and market segmentation into types and applications. The regional analysis of the global Fiberglass market considers key geographical regions of the world to study different aspects of the market. Emergen Research has segmented the global fiberglass market on the basis of type, application, end-use, and region:
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
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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 Market Segmentation & Impact Analysis
4.1. Fiberglass Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing utilization of the fiberglass material in the automotive industry
4.2.2.2. Extensive use of fiberglass in the infrastructure and construction industry
4.2.2.3. Eco-friendly benefits of fiberglass insulation
4.2.3. Market restraints analysis
4.2.3.1. Need for re-gel coating of the fiberglass about every five years
4.2.3.2. Weak heat resistance feature of fiberglass
4.2.3.3. Present challenging economic conditions due to the pandemic
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
Continued….!
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Radical Features of the Fiberglass Market Report:
The report encompasses Fiberglass market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Fiberglass industry
Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report, and our team will ensure you get the report tailored according to your needs.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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