About Fiberglass Mold
Fiberglass Mold are helpful in making multiple copies of the parts or objects having complex or difficult shapes. Fiber glass is a type of fiber reinforced plastic . The best quality of these are that they can be molded or arranged in different patterns or can also be woven into fibers. They are tremendously increasing in these types of industries, the wind energy, automotive, transportation and marine are expected to boost the demand for fiberglass mold. Moreover, the rapid growth of manufacturing industry, specifically in the Asia-Pacific is a key factor, which will define the pace of fiberglass mold market in the upcoming future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Fiberglass Mold is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Asia- Pacific Vendors will contribute the maximum growth to Global Fiberglass Mold market throughout the forecasted period. 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.
Gurit Holding (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (United Kingdom), Janicki Industries (United States), TPI Composites (United States), Schutz (Brazil), Indutch Composites Technology (India), Shandong Shuangyi Technology (China) and Molded Fiber Glass Companies (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 Bayview Composites (United States), Performance Composites (United States), LM Wind (Denmark) and Fiberglass UK Ltd (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Fiberglass Mold market by Type (Epoxy Resin Fiberglass Mold, Vinyl Resin Ester Fiberglass Mold and Polyester Resin Fiberglass Mold), Application (Wind Energy, Marine, Aerospace & Defence, Automotive & Transportation, Construction and Others) and Region.
On the basis of geography, the market of Fiberglass Mold 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 Composite Type, the sub-segment i.e. Matrix will boost the Fiberglass Mold market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Immensely Growth of Sectors such as Transportation, Construction, and Pipe in Europe, Surging Demand of Electrical Equipment including Plug, Wiring pipes in Emerging Economies and Increasing Demands of Modern Composites
Market Growth Drivers:
Increasing Demands of Modern Composites, The Growth of Lightweight Materials in Manufacturing of Electric Vehicles and Highly Accurate in all Dimension
Challenges:
Need to Reduce the Production Cycle Time and Increase the Life cycle of Fiberglass Molds and Higher Prices of Compositions
Restraints:
Price Fluctuation of Raw Materials and Availability of Different Alternatives
Opportunities:
Adoption of 3D Printing in Fiberglass Mold Manufacturing and The increasing Wind energy Installations across the Globe
Market Leaders and their expansionary development strategies
In November 2018, the company named Norco Composites & GRP entered into a contract with Sunseeker (UK) for manufacturing 50 predator hard top molds for the marine industry. It has helped the company to provide a better strength opportunity.
In April 2021, Ashland Global Holdings Inc. announced the completion of its acquisition of the personal care business of Schülke & Mayr GmbH, a leading provider of hygiene and preservation solutions. The acquisition is expected to expand Ashland's product offerings in the personal care market.
According to Electronic Code of Federal Regulations Coating of plastic material onto a formed metal substrate is also covered by the plastics molding and forming effluent limitations guidelines and standards and is not covered by the specific metal forming guidelines such as aluminum forming (40 CFR part 467), copper forming (40 CFR part 468), and nonferrous metals forming (40 CFR part 471). However, the plastics molding and forming effluent limitations guidelines and standards in this part apply only to the coating process; the metal forming operations are subject to the specific metal forming regulation.
Key Target Audience
Fiberglass Manufactures, Government Organizations, Private Organizations, Individuals, End-User 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.