Fiberglass is a type of fiber-reinforced plastic used in reinforcement of fiber that is made from glass fiber. The fiberglass is made up of silica and less amount of oxides of calcium, magnesium, and boron. Fiberglass is a multifaceted fiber. It exhibits properties such as excellent strength, low weight, bendability, and dimensional stability. It is used with a hardener polyester.
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Expansion of the construction industry is the primary factor that drives the growth of the fiberglass market. Significant increase in focus on infrastructure and road surface also boosts the growth of the market. Rise in demand for fiberglass in lightweight automobiles and aircraft is anticipated to drive the global fiberglass market growth. However, issues in the recycling of glass fiber hamper the growth of the market.
In addition, environment & health related problems and volatile prices of raw materials are further anticipated to restrain the growth of the market. On the contrary, increase in trend of exchanging heavier metal components by lighter weight fiberglass provides numerous growth opportunities, thereby fueling the demand in the market.
The fiberglass market is segmented into type, application, end-user, and region. Based on type, the market is classified into S-glass, R-glass, D-glass, C-glass, E-CR glass, A-glass, and E-glass. Based on application, the market is divided into bathtubs, boats, aircraft, roofing, and others. By end-user, it is segmented into HVAC, automotive manufacturing, orthopedics, construction, sporting equipment manufacturing, and telecommunications. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some key players operating in this market include Fiberglass Fabricators, Phelps, Fibre Glast Developments Corp., POLSER ?effaf Çat? Örtüleri San. ve Tic. A.?., PPG Industries, Inc., Nippon Electric Glass Co. Ltd., PFG Fiber Glass (Kunshan) Co., Ltd., Asahi Fiber Glass Co., Ltd., Saint-Gobain Vetrotex, Jushi Group Co., Ltd., Glassfibre & Allied Industries, and others.
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Key Benefits for Fiberglass Market:
• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The report outlines the current fiberglass market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
• The fiberglass market analysis covers in-depth information of major industry participants.
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