About Fiberglass-
Fiberglass is a combination of two materials with different physical and chemical properties that are made of woven glass. Fibers are combined together by resin. It is also called glass-reinforced plastic. They have high tensile strength. There are a wide range of advantages to fiberglass, including its cost-effectiveness, good structural strength, and ability to be molded to precise tolerances. Fiberglass is a lightweight material and has a variety of structures. Rising demand for glass fiber products is a growing factor in this market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
All plastic and fiberglass, Inc (United States), Advanced fiberglass concepts (United States), CT composite (United States), Fiberglass fabricators Inc. (United States), Fiberglass innovation (United States), Asahi fibre glass co, Ltd (Japan), F.I.T Industrial co, Ltd (China), Hebei Yuniu fiberglass (China), Pultrall (Canada), BS project pvt Ltd. (India), Impossible object (United States), PPG industries Inc. (United States), Markforged (United States), Formadrain Inc (Canada) and Metro Goldwyn Mayer studios Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Enkoat LLC (United States), Saht Energy (United States), C6 zero (United States), W.E Rawson, Ltd (United Kingdom), Holcim (Switzerland), Fiberone LLC (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fiberglass- market by and Region.
On the basis of geography, the market of Fiberglass- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Forms, the sub-segment i.e. Fiberglass Tape will boost the Fiberglass- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Alkali Glass will boost the Fiberglass- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial Vertical, the sub-segment i.e. Beverage Industry will boost the Fiberglass- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application, the sub-segment i.e. Commercial will boost the Fiberglass- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing use of lightweighting transportation
Market Growth Drivers:
Increasing demand in the construction industry and Continues growth in the electronics. Automobiles industry
Challenges:
The prices of raw materials such as kaolin clay, magnesite can fluctuate which can impact the profitability of fiberglass manufacturers. and Fiberglass production generate air emission can cause air pollution.
Restraints:
Lack of standardization of product in domestic market and Lack of diverse product portfolio
Opportunities:
Investment in fiberglass wool ceiling tiles and Providing long term demand support for PCB
Market Leaders and their expansionary development strategies
In January 2021, Holcim a global leader in sustainable building solution had acquired the state of art fiberglass mat facility in Maryland USA. The acquisition presents that the expand company’s technology platform and durable roofing system. and In July 2023, pultrall a Canadian manufacturer of glass fibre rebar, had acquired the US company fiberglass innovation. In this acquisition increasing company’s product capacity.
In march 2023, Fiberone boats launched their new fiberglass boat manufacturing facility. The new facility has everything required to set up their ability to build additional fiberglass boat and grow their product portfolio. and In September 2020, mois composites a motor additive manufacturing boat has launched 3d printing boast using continuous glass fiber thermoset composite
Key Target Audience
Supplier, Manufacturer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.