Growing global population, and need for smart convergence and architecture, as well as smart energy technologies is a key factor driving market revenue growth.
Market Size - USD 345.7 Million in 2020, Market Growth - CAGR of 7.8%, Market Trends - Introduction of advanced manufacturing techniques such as 3D printing to reduce the assembly cycle time and extend the life cycle of fiberglass molds.
The global fiberglass mold market size is expected to reach USD 631.8 Million in 2028, and register a CAGR of 7.8% during the forecast period. Increasing construction projects for expansion of additional wind turbines due to growing need for clean energy resources for producing electricity is expected to boost demand for fiberglass molds for manufacturing wind turbine blades. These are major factors expected to drive market growth in the years to come.
Increasing investments by major players in aerospace and defense sector globally for strengthening defense mechanism, and rising demand for fiberglass mold for manufacturing lightweight components are other major factors expected to drive growth of the global fiberglass mold market.
However, high costs of research and development, as well as manufacturing fiberglass molds are factors that could hamper growth of the global fiberglass mold market to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global fiberglass mold market has been segmented on the basis of type, application, end use, and region:
Type Outlook
Application Outlook
End-Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 345.7 Million in 2020, Market Growth - CAGR of 7.8%, Market Trends - Introduction of advanced manufacturing techniques such as 3D printing to reduce the assembly cycle time and extend the life cycle of fiberglass molds.
The global fiberglass mold market size is expected to reach USD 631.8 Million in 2028, and register a CAGR of 7.8% during the forecast period. Increasing construction projects for expansion of additional wind turbines due to growing need for clean energy resources for producing electricity is expected to boost demand for fiberglass molds for manufacturing wind turbine blades. These are major factors expected to drive market growth in the years to come.
Increasing investments by major players in aerospace and defense sector globally for strengthening defense mechanism, and rising demand for fiberglass mold for manufacturing lightweight components are other major factors expected to drive growth of the global fiberglass mold market.
However, high costs of research and development, as well as manufacturing fiberglass molds are factors that could hamper growth of the global fiberglass mold market to some extent.
Some Key Findings From the Report:
- Among the resin type segments, the epoxy resin segment accounted for the largest revenue share in 2020.
- Among the end-use segments, the wind energy segment accounted for the largest revenue share in 2020.
- The Asia Pacific market accounted for a significantly large revenue share in 2020, due to rapidly booming end-use industries such as wind energy, construction and infrastructure, and automotive ands transportation.
- The North America market is expected to register a robust revenue CAGR during the forecast period.
- Companies profiled in the market report include Gurit Holding AG (Switzerland), Dencam Composites, Norco Composites & GRP, Janicki Industries, TPI Composites, SCHÜTZ GmbH & Co. KGaA, Indutch Composites Technology, Shandong Shaungyi Technology, EUROS GmbH, and Molded Fiber Glass Companies.
For the purpose of this report, the global fiberglass mold market has been segmented on the basis of type, application, end use, and region:
Type Outlook
- Epoxy
- Vinyl Ester
- Polyester
- Others (BMI, phenolic, and benzoxazine)
Application Outlook
- Matrix
- Dispersed Phase
- Interface
End-Use Outlook
- Wind energy
- Marine
- Aerospace & Defense
- Automotive & Transportation
- Construction & Infrastructure
- Others (industrial, consumer goods, electrical component, and sporting goods)
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Fiberglass Mold Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Fiberglass Mold Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Fiberglass Mold Market Segmentation & Impact Analysis
Chapter 5. Fiberglass Mold Market By Resin Type Insights & Trends
Chapter 6. Fiberglass Mold Market By Composite Phases Insights & Trends
Chapter 7. Fiberglass Mold Market By Industry Vertical Insights & Trends
Chapter 8. Fiberglass Mold Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Gurit Holding AG (Switzerland)
- Dencam Composites (Denmark)
- Norco Composites & GRP (UK)
- Janicki Industries (US)
- TPI Composites (US)
- SCHÜTZ GmbH & Co. KGaA (Germany)
- Indutch Composites Technology (India)
- Shandong Shaungyi Technology (China)
- EUROS GmbH (Germany)
- Molded Fiber Glass Companies (US)
