Fiberglass market to surpass US$13.1 billion valuation

NEWARK, Del, May 23, 2022 (GLOBE NEWSWIRE) — According to the global fiberglass market report, the rovings segment by product type is expected to dominate the overall market, accounting for more than 57% revenue share by the end of 2028. The fiberglass (fiberglass) market is expected to record a CAGR of 4.3% during the forecast period (2022 – 2028). The global fiberglass (fiberglass) market is expected to grow at a pace CAGR of 4.3%accounting $13.1 Bn end of 2028.

World fiberglass (glass Fiber) Market dynamics

With the growing need to develop walls, doors, windows and roofs, the demand for fiberglass is expected to remain high in the construction industry. Fiberglass is also used as a composite in the construction industry. Manufacturers use GFRC (Glass Fiber Reinforced Concrete), which contains hydrated cement, fiberglass and sand for various construction purposes. The incorporation of fiberglass allows manufacturers to incorporate robust features such as corrosion resistance, high compressive strength, tensile strength and light weight. Additionally, manufacturers prefer to use fiberglass due to low maintenance cost and erosion. Considering these factors, the growth of the global market is expected to remain positive over the next few years.

Moreover, the increasing number of construction projects in various developing countries such as India, Brazil, and China has led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (fiberglass) market is expected to witness significant growth over the forecast period.

However, increased instances of health hazards such as skin rashes, eye and stomach irritation, and throat and lung pain among workers and builders due to fiberglass have posed challenges to market growth. As small glass fibers have the ability to reach the lower parts of internal organs such as the stomach, lungs and skin, the risks of adverse health effects persist. Due to fiberglass’ adverse health effects, manufacturers are looking for cheaper and safer alternatives. Based on these factors, the growth of the global fiberglass (fiberglass) market is expected to face headwinds during the forecast period.

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The key players identified in the fiberglass (fiberglass) market are focusing on increasing their production and acquisition capabilities to improve their operational efficiency and product portfolio. Furthermore, the strategic collaboration and joint venture observed among the major players in the market are likely to improve the sales and distribution network. Due to these factors, the growth of the global market is expected to accelerate during the forecast period.

World fiberglass (glass Fiber) Market Competitive Landscape
Some of the identified players in the global fiberglass (fiberglass) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass ME, WLL, Chongqing Polycomp International Corp, and Jushi Group Co., Ltd., among others. In recent years, industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.

Survey of key segments of the fiberglass industry

Fiberglass Market by Product Type:

  • Fiberglass rovings
  • Fiberglass mat
  • fiberglass strands
  • Fiberglass fabrics

Fiberglass market by type of glass:

  • S-glass
  • C-Glass
  • E-Glass
  • ECR glass
  • Others

Fiberglass Market by Application:

  • Automotive
  • Aerospace and Defense
  • Wind energy
  • Construction
  • Marine
  • Sports & Leisure
  • Pipes and tanks
  • Others

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Contents
1. Summary

1.1. Market overview

1.2. Market analysis

1.3. MFI analysis and recommendations

1.4. Wheel of Fortune

2. Presentation of the market

2.1. Market definition

2.2. Market Taxonomy

3. Fiberglass Market Background

3.1. Macroeconomic factors

3.2. Opportunity analysis

3.3. Porter’s analysis

4. Global Fiberglass Market Analysis 2013-2021 and Opportunity Assessment 2022-2028

4.1. Market Volume Projections

4.2. Price analysis

4.3. Market Size Projections

4.4. Global glass type, product type matrix, 2021

4.5. Global glass type, application matrix, 2021

5. Global Fiberglass Market Analysis 2013-2021 and Opportunity Assessment 2022-2028, Product Type

5.1. Introduction

5.2. Historical Market Size (USD Million) and Volume Application, 2013-2021

5.3. Market Size (Million US$) and Volume Opportunity Rating by Product Type, 2022-2028

5.4. Analysis of market attractiveness by product type

6. Global Fiberglass Market Analysis 2013-2021 and Opportunity Assessment 2022-2028, by Glass Type

6.1. Introduction

6.1.1. Market value share analysis by glass type

6.1.2. Analysis of annual growth by type of glass

6.2. Historical Market Size (Million US$) and Volume by Glass Type, 2013-2021

6.3. Market Size (Million US$) and Volume Opportunity Assessment by Glass Type, 2022-2028

TOC Continue…

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