Fiberglass Market Overview
Maximize Market Research, a leading business consultancy has recently published a research report on the Fiberglass Market. The market overview provides a concise synopsis of a commercial or industrial market. Its purpose is to offer a current snapshot of the market to gain a better understanding of its key features. This summary reports profile the important criteria of a market to inform further marketing activities. The overview draws information from various sources, including government departments, trade and industry associations, market publications, industry analysis, individual companies, state economic development agencies, port authorities, information brokers, and other organizations.
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Dynamics of the Fiberglass Market:
Growing Wind Energy Industry Demand for Power Generation
Marine-grade stranded E-glass fibers that have been stitched together and injected with a matrix of vinyl ester, polyester, or epoxy are frequently used to make fiberglass wind turbine blades. The fabrication of lightweight rotor blades, which is a major factor in boosting product demand throughout the projection period, uses fiberglass textiles. The expansion of fiberglass is anticipated to be driven by increased investment in wind technology development by major manufacturers like GE, particularly in fabric wind turbine blades.
Regional Analysis
The Asia Pacific region held the most market share in 2024 and is predicted to continue to dominate the fiberglass industry at a compound annual growth rate (CAGR) of over the forecast period. With its growing middle class disposable income, urbanization, industrialization, and population, Asia Pacific is the region that is developing the fastest. The market for the production of automobiles, electrical and electronic devices, construction, and other industrial products is greatly impacted by these factors, which in turn affects the fiberglass industry. Australia, South Korea, Japan, India, and China are the main countries driving the expansion of the Asia Pacific fiberglass market. Low-cost trained labor and easily accessible land for the industrial sector are two characteristics that set the Asia Pacific region apart.
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Fiberglass Market Segmentation
by Glass Type
E-Glass
ECR-Glass
H-Glass
AR-glass
S-Glass
Others
by Product
Glass Wool
Roving
Chopped Strand
Yarn
Others
by Application
Transportation
Building & Construction
Electrical & Electronics
Pipe & Tank
Consumer Goods
Wind Energy
Others
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)
21. PFG Fiber Glass (Taiwan)
22. Taiwan Glass Ind. (Taiwan)
23. 3B-The Fiberglass Company (Belgium)
24. Knauf Insulation (Belgium)
25. Gurit (Switzerland)
26. Chomarat (France)
27. Saint-Gobain (France)
28. Saertex GmbH & Co.KG. (Germany)
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Key Questions Answered in the Fiberglass Market Report:
- What is the definition of the Fiberglass Market?
- What is the forecast period for the Fiberglass Market?
- What is the competitive scenario of the Fiberglass Market?
- Which region holds the largest market share in the Fiberglass Market?
- What are the opportunities for the Fiberglass Market?
- What factors are affecting the growth of the Fiberglass Market?
- Who are the key players in the Fiberglass Market?
- Which company holds the largest share in the Fiberglass Market?
- What will be the compound annual growth rate (CAGR) of the Fiberglass Market during the forecast period?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Fiberglass
- Landscape: Leading key players and other prominent participants.
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