Fiberglass Market Size, Share & Trends Analysis Report, By Glass Type (S-glass, E-glass, AR-glass, D-glass, and others), By End-User (Automobile, Aerospace & Defense, Food & Beverage, Energy, Construction, and others) and Forecast, 2019-2025.
The global fiberglass market is estimated to grow at a significant CAGR during the forecast period. The rising demand for lightweight vehicles across the globe is a key factor attributing to the growth of the global fiberglass market. The growth in the construction activities, rise in installation of wind-turbine and solar panels are the other factors attributing towards the growth of the global fiberglass market. However, the availability of the cost-effective alternatives of the fiberglass in the market such as carbon or wood may restrain the growth of the fiberglass market across the globe.
The global fiberglass market is segmented based on type and end-user. Based on type, the market is classified into S-glass, E-glass, AR-glass, D-glass, and other-glass market. The E-glass segment is anticipated to hold considerable market share based on type. Based on the end-user, the market is classified into automobile, aerospace & defense, food & beverage, energy, construction, and market. Based on end-user the automobile segment is anticipated to hold considerable market share during the forecast period.
Based on geography, the market is classified into four major regions, including North America, Europe, Asia-Pacific, and RoW. Asia Pacific market has witnessed significant growth in the market owing to the rising demand for electric cars, growth of construction business, and manufacturing industry. Japan is one of the major exporters of electric vehicles, and China owns the largest market share in the Solar panels manufacturing industry. These factors are anticipated to contribute towards the market growth in the region.
Key players in the market include Owens Corning, Binani Industries Ltd., Compagniede Saint-Gobain S.A., Nippon Electric Glass Co. Ltd, Taiwan Glass Industry Corp., Chongqing Polycomp International Corp. (CPIC), Jiangsu Jiuding New Material Co., Ltd., Johns Manville Corp., Jushi Co. Ltd, Knauf Insulation, Lanxess AG, Nippon Electric Glass Co., Ltd. and so on. Mergers & acquisition and product launches are the key strategies that these players adopting in order to remain competitive in the market place. For instance, in July 2018, the FiberGutter brand launched a new fiberglass gutter system, Pultruded Polyester Resin Based Fiberglass. It is dent, rust and rot proof, available in 40’ lengths, used in the construction industry.
Research Methodology
The market study of the global fiberglass market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
Market Segmentation:
2. Global Fiberglass Market by End-User
The Report Covers:
The global fiberglass market is estimated to grow at a significant CAGR during the forecast period. The rising demand for lightweight vehicles across the globe is a key factor attributing to the growth of the global fiberglass market. The growth in the construction activities, rise in installation of wind-turbine and solar panels are the other factors attributing towards the growth of the global fiberglass market. However, the availability of the cost-effective alternatives of the fiberglass in the market such as carbon or wood may restrain the growth of the fiberglass market across the globe.
The global fiberglass market is segmented based on type and end-user. Based on type, the market is classified into S-glass, E-glass, AR-glass, D-glass, and other-glass market. The E-glass segment is anticipated to hold considerable market share based on type. Based on the end-user, the market is classified into automobile, aerospace & defense, food & beverage, energy, construction, and market. Based on end-user the automobile segment is anticipated to hold considerable market share during the forecast period.
Based on geography, the market is classified into four major regions, including North America, Europe, Asia-Pacific, and RoW. Asia Pacific market has witnessed significant growth in the market owing to the rising demand for electric cars, growth of construction business, and manufacturing industry. Japan is one of the major exporters of electric vehicles, and China owns the largest market share in the Solar panels manufacturing industry. These factors are anticipated to contribute towards the market growth in the region.
Key players in the market include Owens Corning, Binani Industries Ltd., Compagniede Saint-Gobain S.A., Nippon Electric Glass Co. Ltd, Taiwan Glass Industry Corp., Chongqing Polycomp International Corp. (CPIC), Jiangsu Jiuding New Material Co., Ltd., Johns Manville Corp., Jushi Co. Ltd, Knauf Insulation, Lanxess AG, Nippon Electric Glass Co., Ltd. and so on. Mergers & acquisition and product launches are the key strategies that these players adopting in order to remain competitive in the market place. For instance, in July 2018, the FiberGutter brand launched a new fiberglass gutter system, Pultruded Polyester Resin Based Fiberglass. It is dent, rust and rot proof, available in 40’ lengths, used in the construction industry.
Research Methodology
The market study of the global fiberglass market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
- Reports of companies involved in the market
- Authentic Public Databases
- Whitepapers such as research papers and news blogs
- Company websites and their product catalog
Market Segmentation:
2. Global Fiberglass Market by End-User
The Report Covers:
- Comprehensive research methodology of the global Fiberglass market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global Fiberglass market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advanced Glassfiber Yarns Holding Corp.
- Asahi Fiberglass CO., Ltd.
- Binani Industries Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Compagnie de Saint-Gobain S.A.
- Fiberglass Building Products Inc.
- Jiangsu Jiuding New Material Co., Ltd.
- Johns Manville Corp.
- Jushi Co. Ltd
- Knauf Insulation
- Lanxess AG
- Nippon Electric Glass Co., Ltd.
- Owens Corning
- PFGFIBERGLASS Corp.
- Phelps
- Sichuan Weibo New Materials Group Co., Ltd.
- Taishan Fiberglass Inc.
- Taiwan Glass IndCorp.
