Increasing utilization of fiberglass in infrastructure and construction industries is driving the market.
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.
The Fiberglass market report studies the prudent tactics undertaken by the leading Fiberglass market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The global Fiberglass market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
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.
Covid-19 impact: The COVID-19 pandemic has severely affected the automotive & transportation industry, the aerospace industry, and the construction & infrastructure industry. It has disrupted the supply chain for raw material, affecting the demand for fiberglass products in end-use industries. Consumer buying behavior has changed, as people are facing a financial crisis, which has affected sales of automotive vehicles all over the world. The lockdown has restricted airline services across the international borders, which has decreased the demand for new aircraft, thereby affecting sales of the fiberglass material.
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The Fiberglass market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Fiberglass Market:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, the U.K, Russia, and Italy)
- Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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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
Global Fiberglass Market Report – Table of Contents:
- Report Overview
- 1 Research Scope
- 2 Key Fiberglass market segments
- 3 Target players
- 4 Market analysis by type
- 5 Market analysis by application
- 6 Key learning objectives
- 7 Report timeline
- Global Growth Trends
- 1 Global Fiberglass market size
- 2 Latest trends of the Fiberglass market by region
- 3 Key corporate trends
- Global Fiberglass Market share by key players
- 1 Global Fiberglass Market size by manufacturers
- 2 Global Fiberglass Market key players
- 3 Products/solutions/services of major players
- 4 New entrants in the Fiberglass market
- 5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Fiberglass Market by product type
- 1 Global Fiberglass Sales by Product
- 2 Global Fiberglass by Product Revenue
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