Industry Background:
Fiberglass is exactly what it sounds like: a material made of thin glass fibers that are woven together. It consists of silica, sand, and other naturally occurring materials that are typically found in glass. There are different types of glass fibers, all made with slightly different machines. The use of glass fiber offers many advantages. The material is very strong, light, and relatively inexpensive. It is not made from petrochemicals (like plastic) and does not corrode even when exposed to saltwater (like metal). The glass fiber insulation is water and fire resistant, absorbs sound well, and keeps your house cozy and warm. Three processing methods used to recycle glass fiber are grinding, burning, and pyrolysis. Fiberglass also contains polyester, which can be used as an energy source in cement production and thus replaces the use of fossil fuels. Recycled glass fiber can be used as a filler in resin and also with other recycled products such as tires, wood, and even roof tar. This closed-loop system is the ideal scenario for fiber optic recyclers as all components of the composite are used without the need for significant energy or capital investments.This growth is primarily driven by Increasing Demands of Modern Composites, Urbanization Is Inclined Towards the Recycling Process, Increasing Awareness about Waste Management through Recycling and Strict Environmental Regulations Related To Waste Handling.
Globally, a noticeable market trend is evident The Growth of Lightweight Materials in Manufacturing of Electric Vehicles
. Major Vendors, such as American Fiber Green Products, Inc. (United States), Global Fiberglass Solutions (GFSI) (United States), Ucomposites A/S (Denmark), Pace Glass, Inc. (United States), Materials Innovation Technologies, LLC (United States), Geocycle (Switzerland), Owens Corning (United States), Eco-Wolf, Inc. (United States), Ershigs, Inc. (United States) and Carbon Conversions (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demands of Modern Composites
- Urbanization Is Inclined Towards the Recycling Process
- Increasing Awareness about Waste Management through Recycling
- Strict Environmental Regulations Related To Waste Handling
Market Trend
- The Growth of Lightweight Materials in Manufacturing of Electric Vehicles
- Highly Accurate in all Dimension
- The Emergence of new technology in the recycling process
Restraints
- Higher Initial Investment and Lack of Expertise to Manage These Systems in Developing Economies
Opportunities
Leading Manufacturers and Research Institutions Are Making Significant Investments to Come Up With a Low-Cost Fiberglass Roving Technology
Challenges
Lack of Availability of Skilled Technical Professionals and Technical Issues Related To the Recycling Services
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fiberglass Recycling Study Sheds Light on
The Fiberglass Recycling Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fiberglass Recycling industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fiberglass Recycling industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.