The fiberglass market was estimated to be worth USD 29.46 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% to USD 47.94 billion by 2030. (2024-2030)
Fiberglass Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Fiberglass Market .The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Fiberglass Market by thorough analysis, and projections are made up to 2030.
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Fiberglass Market Scope and Methodology:
This report analyzes the Fiberglass Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Fiberglass Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Fiberglass Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Fiberglass Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Fiberglass Market across different countries and regions.
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Fiberglass Market Segmentation
by Glass Type
E-Glass
ECR-Glass
H-Glass
AR-glass
S-Glass
Others
According to glass type, the E-glass segment led the fiberglass market in 2023 and is anticipated to continue to maintain the most share of the fiberglass market over the projected period. E-glass, or electrical grade glass fibers, are frequently used in application sectors due to their low electrical conductivity. Demand for low alkali E-glass is largely driven by its physical and mechanical attributes, which include low cost, high production rates, high strength and stiffness, high temperature, and flame and heat resistance. Products made of e-glass have great flexibility and a high level of vibration and abrasion resistance. Applications for this lightweight woven plastic cloth include aerospace, industrial, and maritime settings. The fiberglass market is anticipated to be pushed during the forecast period by the growing utilisation of environmentally friendly
by Product
Glass Wool
Roving
Chopped Strand
Yarn
Others
by Application
Transportation
Building Construction
Electrical Electronics
Pipe Tank
Consumer Goods
Wind Energy
Others
The fiberglass market is divided into segments based on the product, including glass wool, yarn, roving, chopped strands, and others. The fiberglass market was dominated by the glass wool category in 2023 and is anticipated to remain so for the duration of the forecast period. A common material for indoor thermal and acoustic insulation is glass wool. They are most commonly utilized on interior walls, on hardwood floors, and under pitched roofs. Since glass wool quickly loses its insulating properties when exposed to moisture, it is typically seen inside homes.
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Fiberglass Market Key Players
1. China Jushi Co., Ltd. (China)
2. Xingtai Jinniu Fiberglass (China)
3. Glasstex Fiberglass (China)
4. Chongqing polycomp International Corporation (China)
5. Jushi Group Co., Ltd (China)
6. Taishan Fiberglass (China)
7. Hexcel Corporation (U.S.)
8. Fibre Glast Developments Corp. (U.S.)
9. PPG Industries (US)
10. Owens Corning (US)
11. Phelps Industrial Products LLC. (US)
12. Agy Holdings Corp. (US)
13. CertainTeed Corporation (US)
14. Auburn Manufacturing, Inc. (U.S.)
15. BGF Industries, Inc. (U.S.)
16. Dupont (U.S.)
17. Johns Manville Corp. (US)
18. Nitto Boseki Co., Ltd. (Japan)
19. Nippon Electric Glass (Japan)
20. Asahi Fiberglass Co (Japan)
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Key questions answered in the Fiberglass Market are:
- What is Fiberglass ?
- What is the growth rate of the Fiberglass Market ?
- What was the Fiberglass Market size in 2023?
- What are the upcoming opportunities and trends for the Fiberglass Market ?
- What are the different segments of the Fiberglass Market ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Fiberglass Market ?
- What segments are covered in the Fiberglass Market ?
- Which are the factors expected to drive the Fiberglass Market growth?
- What growth strategies are the players considering to increase their presence in Fiberglass ?
- Who are the leading companies and what are their portfolios in Fiberglass Market ?
- Who are the key players in the Fiberglass Market?
- What is the CAGR at which the Fiberglass Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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