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Fiberglass Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Fiberglass Market- (By Type– A- Glass Fiber, C- Glass Fiber, D- Glass Fiber, E- Glass Fiber, Advantex Glass Fiber, ECR Glass Fiber, AR Glass Fiber, R- Glass Fiber, S2 Glass Fiber, M- Glass Fiber and Z- Glass Fiber; By Form- Tow, Veil mats, Woven fabrics, Chopped strand mat, Tape, Rope, Cloth and Others; By Manufacturing Process- Continuous Filament and Staple Filament; By Resin- Polyester, Vinyl esters, Epoxy, Polyurethanes and Others; By Industry- Aircraft and Aerospace, Construction Industry, Consumer Goods, Corrosion Resistant Equipment, Electrical devices, Marine Industry and Automobile Industry; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 30-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322190
    Delivery: 2 to 4 Hours
Fiberglass Market

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Report AttributeDetails
Market Size Value in 2021US$ 13,443.7 Mn
Expected Revenue in 2027US$ 18,648.7 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Type, Form, Manufacturing Proces, Resin, Industry, and Region
Leading playersJhusi, Owens Corning, Taishan Fabric Glass, Chongqing Polycomp, and other prominent players.
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Fiberglass is an effective insulating material, mainly driven by its corrosion resistance, which helps it to withstand high temperatures and harsh conditions. Therefore, manufacturers prefer to choose fiberglass as an important part of manufacturing. 

Glass fiber has some shortcomings such as relative high density and difficulty to machine, so researchers and scientists have worked to develop a bio-composite material. 

The key features that fiberglass manufacturers are looking for in the procurement of raw materials is sizing stability. 

The global fiberglass market is studied from 2017-2027. 

The growth rate of the global fiberglass market is 5.6%, with an estimated value of US$ 18,648.7 Million by 2027. 

Asia Pacific held the major share in terms of revenue, in the global fiberglass market in 2021. 

Factors such as increase in use of fiberglass composite in the construction and automotive industry, increased demand for composite component and strict regulation for emission control favor fiberglass over other materials drives the growth in the global fiberglass market. 

Instability of raw material pricing and improper disposal techniques for recycling glass wool is a restraining factor which inhibits the growth of the market during the forecast period.

Type, form, manufacturing process, resin, industry and region are the different segments of the global fiberglass market. 

US holds the major share in terms of revenue in the North America fiberglass market in 2021. 

The polyester segment holds the largest market share in 2021 as they are naturally UV resistant, often regarded as simple to use, quick to cure, temperature and catalyst tolerant and less expensive than epoxy systems.

The key players operating in the market include Jhusi, Owens Corning, Taishan Fabric Glass, Chongqing Polycomp and Nippon among others.