Fiberglass: Global Markets

Scope of the report: This report will cover the fiberglass industry. Final and detailed estimates and forecasts of the global market are provided, followed by detailed analysis of regions, glass types, resin types, product types, end uses, and ongoing trends.

New York, December 29, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Glass Fiber: Global Markets” –

This report covers the technological, economic, and business considerations of the Fiberglass industry, with analysis and forecast provided for the global markets. The report includes descriptions of market forces relevant to the fiberglass industry and their areas of application.

Global markets are presented for Fiberglass segment size, along with growth forecast to 2026. Sales value estimates are based on price in the supply chain.

The driving forces of the market and the structure of the industry are examined. International aspects are analyzed for all regions of the world and all types of fiberglass.

Profiles of major global manufacturers are presented.

This report examines the impact of COVID-19. In 2020, the growth rate of every industry in the world has been affected by the pandemic.

In addition to taking action to lock down their respective countries in order to contain the spread of the coronavirus, especially in affected cities, various governments around the world are also taking the necessary steps to contain the economic downturn.

The fiberglass market is further segmented based on its glass type: S-Glass, C-Glass, E-Glass, ECR-Glass and others. The market can be segmented by resin type like polyesters, vinyl ester, epoxy, polyamide, polypropylene and others.

The market can be segmented by product type into glass wool, wicks, threads, strands and others. The market is also segmented into end uses such as transportation, automotive, marine, aerospace, construction, power & electronics, power & power, pipes and tanks, goods consumption and others.

The report includes:
– 236 data tables
– Up-to-date analysis of current and future global fiberglass technology markets
– Analyzes of global market trends, with historical data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) to 2026
– Assessment and forecast of the fiberglass market size in terms of value and volume, and analysis of their corresponding market share by type of glass, resin, product, application, end user and geographic region
– Understanding of upcoming market opportunities and areas of interest to forecast this market in various segments and sub-segments
– Country specific data and market value analysis for US, Canada, Mexico, Brazil, China, India, Japan, UK, Germany, France, Italy, Russia and GCC countries
– Identification of the main market drivers, opportunities, constraints and other macroeconomic forces influencing demand for fiberglass
– Detailed review of the fiberglass manufacturing process, technology assessment, industry economic and business considerations and value chain analysis
– Discussion of the competitive landscape and analysis of the market shares of key companies operating in the fiberglass industry, along with their proprietary technologies, strategic alliances and other development strategies
– Company profile descriptions of major fiberglass manufacturers including Chongqing Polycomp International Corp. (CPIC), Glasstex Fiberglass Materials Corp., Jushi Group Co., Ltd., Nippon Electric Glass Co., Ltd., Owens Corning, Saint-Gobain and PFG Fiber de Verre Corp.

Global demand for fiberglass in 2020 was around TONS DELETED and is expected to grow at a CAGR of% DELETED from tonnes DELETED in 2021 to tonnes DELETED in 2026. Construction segment accounts for the significant share of the market. , followed by the transportation and pipelines and tanks segments.

Changing trends in electric and hybrid vehicle manufacturing around the world, especially in developed and developing countries, are expected to drive demand for fiberglass in the future. Increased investment in construction activities in developing and least developed countries is expected to stimulate demand for fiberglass in these countries.

In addition, the increase in population has resulted in an increased need for housing which in turn is expected to strengthen the fiberglass market during the forecast period. An increase in oil and gas exploration in Middle Eastern countries has also stimulated demand for fiberglass for the manufacture of tanks and pipes used in the oil and gas, water treatment and chemical products.

The manufacture of glass fibers is the high temperature conversion of various raw materials such as borosilicate into a homogeneous melt, followed by the manufacture of this melt into glass fibers. Glass wool, the pure form of glass fibers can be directly used for insulation or glass fiber can be reinforced with plastic resin to form composites.

Roving represents the predominant share among composite shapes due to its increased applications in the construction and automotive industries. Among all types of fiberglass products, glass wool holds the major share and strands are expected to grow at the highest rate during the forecast period.

By type of resin, polyesters hold the main share, accounting for around a third of the market, followed closely by epoxy. Vinyl esters are expected to gain ground during the forecast period.

By glass type, the E-glass segment holds the bulk of the fiberglass market, accounting for over% DELETED of the market.

The global fiberglass market is quite consolidated with the major players accounting for a small share of the market. The main manufacturers of fiberglass are Jushi Group Co., Ltd., Nippon Electric Glass Co., Ltd., Owens Corning, CPIC and others. The top 10 players account for around two-thirds of the total market, which is expected to grow due to increased expansion activity among manufacturers with increasing demand for fiberglass.
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