An Incisive, In-depth Analysis on the Fiberglass Market
This study offers a comprehensive, 360 degree analysis on the Fiberglass market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fiberglass market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global Fiberglass (Glass Fiber) Market was estimated to be around US$ 8,347.2 million in 2017. The global market is expected to register a CAGR of 4.3% over the forecast period (2018–2028).
Factors Influencing the Global Fiberglass (Glass Fiber) Market Growth
Construction of the water supply systems and increase in the oil and gas exploration activities have led to a surge in demand for various fiberglass (glass fiber) products such as pipes & tanks, bathtubs and FRP panels during the forecast period in the MEA region. Fiberglass (Glass Fiber) is corrosion resistant and can withstand high temperatures and adverse conditions, due to which manufacturers prefer opting for fiberglass as an important manufacturing component. Also, the development and increasing applications of high performance compsites such as glass fiber reinforced plastic is also a key emerging trend. Attributed to these factors, demand for fiberglass continues to remain high in countries with high humidity level, extreme temperature conditions, and high soil salinity. Bound to the corrosion resistant and robust features, manufacturers are focusing on utilizing the fiberglass (glass fiber) in for pipes & tanks, and in water supply and storage applications. Growing demand for flexible water tanks is projected to positively impact the market. Also, the increasing traction in the market for coated fabrics is an area where manufacturers catering to the fabric segment can focus in the future.
With the presence of various fiberglass (glass fiber) end-users in MEA region such as Middle East Fiber Glass (MFG), Gulf Fiberglass Factory (GFGF), Global Fiber Glass (GFG) and ADVANCED Fiberglass Industry LLC, demand for fiberglass (glass fiber) is expected to increase during the forecast period
However, utilizing glass fiber for manufacturing and construction purposes has led to various health problems such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs. As small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, the risk of developing adverse health effects continues to persist among manufacturers and constructors. Due to the adverse effects of glass fiber, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period.
Major players involved in the fiberglass (glass fiber) market are focusing on acquisition and expansion of their production capacities to enhance their operational efficiency and product portfolio. Also, strategic collaborations and joint venture will improve sales & distribution network of the fiberglass (glass fiber), which in turn is expected to boost growth of the global market during the forecast period.
Global Fiberglass (Glass Fiber) Market Segmentation and Forecast
Fiberglass (Glass Fiber) Market is segmented on the basis of product type as:
- Rovings
- Mats
- Strands
- Fabrics
Fiberglass (Glass Fiber) Market is segmented on the basis of glass type as:
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
Fiberglass (Glass Fiber) Market is segmented on the basis of application as:
- Aerospace & Defense
- Wind Energy
- Construction
- Marine
- Sports & Leisure
- Pipes & Tanks
- Automotive
- Others
Fiberglass (Glass Fiber) Market is segmented on the basis of region as:
- North America
- Latin America
- Western Europe
- China
- APAC excluding China & Japan
- Eastern Europe
- MEA
- Japan
Global Fiberglass (Glass Fiber) Market Analysis, by Region
From a regional perspective, the fiberglass (glass fiber) market in China is projected to witness the fasted growth over the forecast period. China is estimated to account for a revenue share of more than 32% in overall fiberglass (glass fiber) by 2028-end. However, the fiberglass (glass fiber) market in North America is expected to register a CAGR of 4.0 % in terms of volume over the forecast period. Fiberglass (glass fiber) market in North America is expected to reach US$ 2,687.3 Mn by the end of 2028, recording a CAGR of 8.7 % over the forecast period. Whereas the fiberglass (glass fiber) market growth rate in MEA and APAC excluding China & Japan is expected to remain relatively lower as compared to the global Fiberglass (Glass Fiber) Market average between 2018 and 2028.
Key Players Dominating the Global Fiberglass (Glass Fiber) Market
Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused acquisitions.
Future market Insights (FMI) analyzes the fiberglass (glass fiber) market in its new publication titled “Fiberglass (Glass Fiber) Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2018 – 2028”. This study provides market intelligence on the fiberglass (glass fiber) market for the forecast period (2018 – 2028). The main objective of the report is to identify various market dynamics and provide recent updates and insights pertaining to the segments of the global fiberglass (glass fiber) market. To provide a better understanding of the market, the report also offers analysis of drivers, restraints, and trends that have a significant impact on the growth of the global fiberglass (glass fiber) market over the forecast period.
Fiberglass (Glass Fiber) Market Segmentation
Fiberglass (Glass Fiber) Market is segmented on the basis of product type as:
-
Rovings
-
Mats
-
Strands
-
Fabrics
Fiberglass (Glass Fiber) Market is segmented on the basis of glass type as:
-
S-Class
-
E-Class
-
C-Class
-
ECR-Class
-
Others
Fiberglass (Glass Fiber) Market is segmented on the basis of application as:
-
Aerospace & Defense
-
Wind Energy
-
Construction
-
Marine
-
Sports & Leisure
-
Pipes & Tanks
-
Automotive
-
Others
Fiberglass (Glass Fiber) Market is segmented on the basis of region as:
-
North America
-
Latin America
-
Western Europe
-
China
-
APAC excluding China & Japan
-
Eastern Europe
-
MEA
-
Japan
Report Description
To understand and assess the market opportunities and trends, the global fiberglass (glass fiber) market report is categorically split into different sections based on product type, glass type, application and regions. The report starts with the market overview, market definition, market taxonomy along with value chain, drivers, and restraints. The report offers valuable insights on the impact of these segments on the overall market growth. To offer accurate insights, each section discusses the qualitative and quantitative aspects of the global fiberglass (glass fiber) market. The report also provides market value (US$ Mn) data, absolute $ opportunity, and total incremental opportunity for each segment to brief the reader about the revenue opportunities from the application and region/country-wise segments over the forecast period.
In the final section of the report, the report offers detailed insights on the competition landscape with company market share and performance to offer a dashboard view of key players operating in the global fiberglass (glass fiber) market. These insights would enable clients to assess strategies deployed by market leaders and help them make informed decisions.
Research Methodology
For market data analysis, we have considered 2017 as the base year, with the market numbers estimated for 2018, and forecasts offered for 2018–2028. The report considers the market size of the fiberglass (glass fiber) market at a global level, and splits & evaluates the market at a regional level. The forecast assesses the total revenue (US$ Mn) of the global fiberglass (glass fiber) market. In order to provide an accurate forecast, we have started by sizing up the current market to offer crucial insights on the overall growth prospects of the global fiberglass (glass fiber) market over the coming years. The crucial market data including the base number and segment splits has been devised through an in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers along with the other market dynamics identified in the regional fiberglass (glass fiber) market. Valuable insights offered in the report have been analyzed on the account of primary interviews of fiberglass (glass fiber) manufacturers, distributors & suppliers, and industry experts operating in the global fiberglass (glass fiber) market. Crucial insights offered in the report evaluates the actual market size (US$ Mn) in 2017 with regard to fiberglass (glass fiber) market and the expected fiberglass (glass fiber) market value over the forecast period.
We have also analyzed various segments of the global fiberglass (glass fiber) market in terms of basis point share (BPS) to understand individual segments’ relative contribution to fiberglass (glass fiber) market growth. In-depth insights compiled in the report enables the readers and clients in identifying various key trends governing the global fiberglass (glass fiber) market. The report also analyses the global fiberglass (glass fiber) market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify absolute dollar opportunity and potential resources in the fiberglass (glass fiber) market. Moreover, FMI has developed a fiberglass (glass fiber) attractiveness index to understand the key segments in terms of their performance and growth in the global fiberglass (glass fiber) market. This market attractiveness index would help clients to identify real market opportunities in the global fiberglass (glass fiber) market.
COVID -19 : Impact Analysis
Request the coronavirus impact analysis across industries and markets
Request Covid -19 ImpactGet in touch
Our Clients
CASE STUDIES
See how our work makes an impact.
At FMI, we design strategies that are adaptive, impactful, and implementable.