The global fiberglass market size was valued at USD 15.7 billion in 2021. The market is projected to grow from USD 15.7 billion in 2021 to USD 19.9 billion by 2028, exhibiting a CAGR of 4.10% during the forecast period.
Chicago, Nov. 30, 2022 (GLOBE NEWSWIRE) -- The global fiberglass market is expected to exhibit strong growth, reaching USD 19.9 billion by 2028. As per the report titled "Fiberglass Market Size, Share & COVID-19 Impact Analysis, By Glass Type (E-Glass, ECR Glass, H-Glass, AR-Glass, S-Glass and Others), By Product Type (Glass Wool, Direct and Assembled Roving, Chopped Strand, Yarn and Others), By Application (Composites and Insulation) and Regional Forecasts, 2022-2028" observes that the market size in 2021 stood at USD 15.7 billion and USD 19.9 billion in 2028. The market is expected to exhibit a CAGR of 4.10% during the forecast period. Fiberglass Store
The most popular form of glass fiber-reinforced plastic is fiberglass. The fibers can be woven into glass cloth, flattened into a sheet, or arranged randomly. Except for transparent FRP panel applications, ECR is a type of electronic glass suitable for all e-glass applications. The global fiberglass market is expanding due to factors that favor fiberglass over other materials, including an increase in the use of fiberglass composite in the construction and automotive industries, increased demand for composite components, and strict emission control regulations. Expanding the construction and automotive industries' use of fiberglass will significantly impact the industry.
Request a Sample Copy of the Report: https://marketsnresearch.com/sample/1579
Many fiberglass manufacturers have been forced to close or significantly slow production due to the global shutdown. Because fiberglass became scarce, its price skyrocketed. Industries that use fiberglass in their manufacturing experience significant increases in production costs.
February 2021: A new sizing system, the T34, was created by Saint-Gobain Vetrotex as a replacement for their T30 product. The new T34 sizing system was created to make heat-cleaning operations possible without compromising the fabric's characteristics. According to the company, the new sizing system has produced excellent results without broken filaments during the weaving processes.
Increased Use of Fibreglass Composites in Automotive Industry to Fuel the Market Growth
Fiberglass products are widely used in various applications due to their higher strength-to-weight ratio; a crucial factor considered when making automobiles. High-strength, lightweight materials are used in the manufacturing process to help vehicles achieve high mileage and improved fuel efficiency. Many nations are concentrating on producing lightweight vehicles to achieve CAFÉ (Corporate Average Fuel Economy), which motivates the use of glass fiber composites in the automotive industry. As a result, one of the major factors fueling the growth of the fiberglass market is the increasing trend toward lightweight and fuel-efficient vehicles.
Click Here to Access a Free Sample Report of the Global Fiberglass Market @ https://marketsnresearch.com/sample/1579
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the fiberglass market plan acquisitions to improve their brand recognition globally. For instance, in August 2022, Owens Corning unveiled its new Next Gen Fiberglas insulation in PINK. This cutting-edge insulating solution enables installations to be finished up to 23% faster than their current solutions. A tightly woven network of fine, soft fibers produced by the most recent development in fiber technology creates a blanket of insulating micro-pockets.
List of Key Players Profiled in the Report
Xingtai Jinniu Fiberglass Co., Ltd
Shandong Fiberglass Group Co., Ltd
Owens Corning Announced a Joint Venture Partnership with Pultron Composites to Manufacture Fibreglass Rebar
In June 2022, a joint venture between Pultron Composites and Owens Corning to produce fiberglass rebar was announced to have been formed. The agreement strengthens the business' commitment to sustainably offering higher-performance concrete reinforcement products.
Quick Buy- Fiberglass Market Report: https://marketsnresearch.com/checkout/1579/1ecda5z5e4
Various Problems in the Recycling of Glass Wool May Hinder Market Growth
A cheap and effective kind of insulation is glass wool. The insulation business is faced with significant difficulty because recycling is difficult. For the physical safety of the individuals participating in the disposal process, proper disposal techniques, a mask, and protective clothes are essential when disposing of glass wool material. The infrastructure required for the secure disposal of glass wool is lacking in emerging nations. Additionally, they don't use suitable recycling and disposal methods, which contributes to the accumulation of glass wool waste. Given that the Asia Pacific area has the largest market for glass wool and that most of the nations there are developing ones, efforts must be made to advance the industry's recycling practices.
By Glass Type, By, Product Type, By Application, and By Geography
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Ask For Any Customization @ https://marketsnresearch.com/customization-request/1579
Segmentation of Global Fiberglass Market Global Fiberglass Market – By Glass Type
Global Fiberglass Market – By Product Type
Global Fiberglass Market – By Application
Ask For Pricing @ https://marketsnresearch.com/buying-request/1579
Asia Pacific is projected to hold the largest share of the fiberglass market over the forecast period. Technology improvements in the composites industry result from the increased attention on emission control regulations and the rising demand for environmentally friendly products. The expansion of the fiberglass market in Asia is facilitated by substituting conventional materials like steel and aluminum with fiberglass. The region's fiberglass market is anticipated to increase due to the rising demand for fiberglass from various industries, including construction, transportation, automotive, and electronics.
The market in Asia Pacific is expected to gain a huge portion of the global fiberglass market share in the coming years. The area's high population and rising industrialization are to blame for the enormous consumption.
The region's expanding automotive and construction industries, particularly those in China and India, are expected to fuel market growth.
In North America, the growth in this region is primarily driven by the region's expanding auto sales and widespread usage of fiberglass insulation in construction.
Download PDF Brochure @ https://marketsnresearch.com/sample/1579
Still, Looking for More Information? OR Want Data for Inclusion in Magazines, Case Studies, Research Papers or Media?
Email Directly Here with Detail Information: firstname.lastname@example.org
When it comes to investing and money matters, you need the leading market research consultancy firm to help you make the right decisions during the toughest business questions and decisions. Markets N Research is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market.
Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.
Contact Us: Markets N Research US: +1-773-649-1529 Email:- email@example.com Website: https://marketsnresearch.com/ Follow on Linkedin: https://www.linkedin.com/company/markets-n-research Follow on Twitter: https://twitter.com/marketsnr Like us on Facebook: https://www.facebook.com/Markets-N-Research-108839598639025
Browse More Manufacturing Industry Reports @ https://marketsnresearch.com/category/manufacturing-and-construction/46
Global Wood Plastic Composite Market by Product Type (Polyethylene, Polyvinylchloride, Polypropylene & Others) and by End-Users/Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods and Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 - 2027
Global Industrial Valves Market by Valve Type (Gate (Parallel, Wedge), Globe (Tee, Angle, Wye), Ball (Trunnion, Floating, Threaded Series), Butterfly (High Performance, Lined), Plug (Lined, Lubricated, Non-Lubricated), Check (Dual Plate, Piston Lift, Spring Loaded Disk, Swing Check, Tilting Check, Y Pattern, T Pattern), Safety Relief (Spring Loaded, Pilot Operated), Other Customized), Valve Material (Cast Steel, Carbon Steel, Stainless Steel, Bronze, Other Alloys) End-Use Industry (Oil & Gas, Chemical, Water & Wastewater Treatment, Power Plants, Paper & Pulp, Others), Function (Manual, Automatic) and Region - Global Forecast to 2028
Self-Checkout Kiosk Market, By Deployment Type (Cloud-based and On-premise); By End-use Industry (Retail, Financial Services, Hospitality, Healthcare and Others) Market Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028
Smart Air Purifiers Market, By Technique: (Activated Carbon, Filtration, HEPA, TSS, and Others.), By Application (Commercial, Residential, and Others) Market - Growth, Future Prospects, Post COVID-19 Scenario 2020 - 2028
Particle Counter Market, By Type: (Airborne, liquid), By Application (Liquid Contamination Monitoring, Cleanroom Monitoring, IAQM), By End Use (Semiconductor, Life sciences & medical devices, Automotive) Market - Growth, Future Prospects, Post COVID-19 Scenario 2020 - 2028
Recent News From Markets N Research
Global Bitumen Market Size/Share Worth USD 80.8 Billion by 2028 at a 2.10% CAGR: Markets N Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value)
Global Industrial Gases Market Size/Share Worth USD 134.3 Billion by 2030 at a 7% CAGR: Markets N Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value)
Ammonia Market to Reach USD 95.3 Billion by 2028; Growing Demand of Ammonia in Agriculture Industry | Markets N Research
Global Payment Security Market to Reach USD 47.02 Billion by 2028; Rising Adoption of Digital Payment Methods | Markets N Research
Fiberglass Mesh Fabric [Latest] Freight Transportation Management Market Size Worth USD 39.3 Billion, Globally, by 2028 at 8.50% CAGR | Markets N Research