Fiberglass Market Scenario
Increased use of fiberglass composites in the automotive industry and increasing number of wind turbine installations are some of the major factors propelling the fiberglass market globally. Furthermore, extensive use of fiberglass in the construction industry is also one of the factor propelling the growth of fiberglass market. However, issues in recycling glass wool is one of the major factor expected to hamper the global growth of the fiberglass market.
Fiberglass Market Segmentation
The fiberglass market is segmented by Resin Type, Product Type, Application and Geography. The Resin Type comprises of Thermoset Resins (Polyester, Epoxy, Polyurethane, Vinyl Ester and Phenolic) and Thermoplastic Resins. Furthermore, the various Product Types of fiberglass are Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand and Others. Likewise, the Applications are fiberglass are Composites (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace and Others) and Insulation (Residential Construction, Non-Residential Construction, Industrial and Others). Based on Geography, the Fiberglass Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Fiberglass Market by Geography
Geographically, the fiberglass market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the Asia-Pacific is expected to account for the largest market share. The huge consumption in the region can be attributed to increased industrialization and large population. The rising disposable income coupled with the presence of key players in Asia Pacific is likely to drive the regional market over the forecast period. Additionally, the growing construction and automobile sectors in the region, especially in China and India is anticipated to drive the market further.
Fiberglass Market Key Players
Some of the major players operating in the global fiberglass market includes China Jushi Co., Ltd. Owens Corning, Nippon Electric Glass Co., Ltd., Taishan Fiberglass Inc. (Ctg), Chongqing Polycomp International Corp. (Cpic), Binani 3B-the Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co., Ltd., Asahi Fiberglass Co., Ltd., Knauf Insulation, Saint-Gobain Vetrotex, Certainteed Corporation, Saint-Gobain Adfors, AGY Holding Corp., Saint-Gobain Isover, Soda Sanayii Aº, Saertex GmnH & Co.KG, Nitto Boseki Co., Ltd., KCC Corporation, Jiangsu Changhai Composite Materials Co., Ltd., Fiberex Corporation, BGF Industries, Inc. and Arabian Fiberglass Insulation Co., Ltd. (Afico). These players have adopted the expansions, new product launches, agreements, acquisitions, investments, new product developments, and partnerships to enhance their position in the market.
Fiberglass Market Report Key Benefits