The global fiberglass market is projected to grow at a noteworthy CAGR of around 6.5% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 24.64 Bn by 2026.
Fiberglass is derived from pouring molten glass through superfine holes. It is considered to be a type of fiber-reinforced plastic, wherein the reinforced fiber is specifically glass fiber. Fiberglass is a strong, lightweight material that is majorly utilized to develop varied products. The global fiberglass market is experiencing a strong growth because of its increasing applicability in composites and insulations.
Market Dynamics
The growing demand for the product in the construction and automotive industry is expected to lead the fiberglass market growth majorly. The market further drives demand for use in insulator application that will increase the demand of E- glass. Increasing the renewable source of energy is the opportunity for the market over the assessment year. The trend of developing advanced glass fibers for the wind energy market is expected to produce a new chance for the manufacturers. Fiberglass is majorly driven by its corrosion- resistant property, that helps them to withstand high temperature and adverse conditions, because of that manufacturers prefer opting for fiberglass as an essential manufacturing component. for example, the development of the waste material treatment plants and increase in the oil and gas exploration activities have led to a surge in demand for various fiberglass (glass fiber) products which includes bathtubs FRP panels, and pipes & tanks during the forecast period. The growing demand for light-weight aircraft and automobiles are expected to further augment the growth of the fiberglass market during the forecast period. The increasing trend of substituting heavier metal components by lighter-weight fiberglass has in the automotive, aerospace, and marine sector is expected to create a huge growth opportunity, stirring up the demand in the fiberglass markets. Moreover, stringent emission regulations have more obligated the automotive manufacturers to opt for fiberglass over other materials. Furthermore, the increasing awareness of renewable energy is further expected to enhance the expansion of fiberglass in the review period because of its large- scale application in wind turbines, which makes them lighter and lowers the manufacturing cost. Thus, owing to these factors, the fiberglass market is expected to propel significantly during the forecast period. However, the fluctuations raw material prices, challenges of the production process, and cost-intensive nature of new technologies are the significant bottlenecks operating in the market, which may hamper the growth of the global fiberglass market during the review period.
By application, composites segment is expected to dominate the ultra- thin market
The composites application segment led the fiberglass market in 2018 in terms of each, price and volume. The growth of this segment can be attributed to the demand from wind turbine blade manufacturers. Composites are the largest end-user application for fiberglass. The demand for composites are experiencing high growth, because of a rise in the range of manufacturers and the rapid expansion of the fiberglass industry. The future growth of the industry would be augmented by investments made in the composites segment, especially in regions like Asia-Pacific, North America, and Europe.
Based on product, the glasswool is expected to dominate during the forecast period
Glasswool has dominated the product segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period. Glasswool is that the leading section due to increased usage of glass wool in the construction & infrastructure end-use industries and high thermal insulation property are driving this segment. This segment is projected to lead the market in terms of both, value and volume during the forecast period.
The market research study on “Global Fiberglass Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global fiberglass market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global fiberglass market, its type, product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fiberglass market size and volume, and segment markets by type, product, application, and geography along with the information on companies operating in the market. The global fiberglass market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia-Pacific dominated the regional market with a maximum market share
Asia-Pacific accounted for the highest market share of the global fiberglass market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are the major consumers of fiberglass in this region. The growth of the automotive industry and the increasing construction and industrial activities in the Asia Pacific region have enhanced the demand for fiberglass in this region. China, India, and Japan are key countries contributing to the increased demand for fiberglass in this region.
The key companies involved in the market includes China Jushi Co., Ltd., Owens Corning, Nippon Electric Glass Co., Ltd., Taishan Fiberglass Inc. (CTG), Chongqing Polycomp International Corp. (CPIC), Johns Manville Corp., Binani 3B-the Fiberglass Company, Taiwan Glass Ind. Corp., PFG Fiber Glass (Kunshan) Co. Ltd., Asahi Fiberglass Co. Ltd., Knauf Insulation, Saint-Gobain Vetrotex, CertainTeed Corporation, Saint-Gobain ADFORS, and AGY Holding Corp.
Market Segmentation
Market By Type
- E- Glass
- ECR- Glass
- H- Glass
- AR- Glass
- S- Glass
Market By Product
- Glass Wool
- Direct and Assembled Roving
- Yarn
- Chopped Strand
Market By Application
- Composites
- Insulation
- Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Fiberglass
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Fiberglass Market By Type
1.2.2.1. Global Fiberglass Market Revenue and Growth Rate Comparison By Type(2015-2026)
1.2.2.2. Global Fiberglass Market Revenue Share By Type in 2018
1.2.2.3. E- Glass
1.2.2.4. ECR- Glass
1.2.2.5. H- Glass
1.2.2.6. AR- Glass
1.2.2.7. S- Glass
1.2.3. Fiberglass Market By Product
1.2.3.1. Global Fiberglass Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.3.2. Global Fiberglass Market Revenue Share By Product in 2018
1.2.3.3. Glass Wool
1.2.3.4. Direct and Assembled Roving
1.2.3.5. Yarn
1.2.3.6. Chopped Strand
1.2.4. Fiberglass Market By Application
1.2.4.1. Global Fiberglass Market Revenue and Growth Rate Comparison By Application(2015-2026)
1.2.4.2. Global Fiberglass Market Revenue Share By Application in 2018
1.2.4.3. Composites
1.2.4.4. Insulation
1.2.4.5. Others
1.2.5. Fiberglass Market by Geography
1.2.5.1. Global Fiberglass Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Fiberglass Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Fiberglass Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Fiberglass Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Fiberglass Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Fiberglass Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING FIBERGLASS ANALYSIS
3.1. Capacity and Commercial Type on Date of Global Fiberglass Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Fiberglass Major Manufacturers in 2018
3.3. R&D Status and Type Application of Global Fiberglass Major Manufacturers in 2018
3.4. Raw Materials Applications Analysis of Global Fiberglass Major Manufacturers in 2018
CHAPTER 4. FIBERGLASS MARKET BY TYPE
4.1. Global Fiberglass Revenue By Type
4.2. E- Glass
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. ECR- Glass
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. H- Glass
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. AR- Glass
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. S- Glass
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. FIBERGLASS MARKET BY PRODUCT
5.1. Global Fiberglass Revenue By Product
5.2. Glass Wool
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Direct and Assembled Roving
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Yarn
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Chopped Strand
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. FIBERGLASS MARKET BY APPLICATION
6.1. Global Fiberglass Revenue By Application
6.2. Composites
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Insulation
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Others
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA FIBERGLASS MARKET BY COUNTRY
7.1. North America Fiberglass Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Fiberglass Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Fiberglass Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE FIBERGLASS MARKET BY COUNTRY
8.1. Europe Fiberglass Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Fiberglass Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC FIBERGLASS MARKET BY COUNTRY
9.1. Asia-Pacific Fiberglass Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Fiberglass Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA FIBERGLASS MARKET BY COUNTRY
10.1. Latin America Fiberglass Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Fiberglass Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA FIBERGLASS MARKET BY COUNTRY
11.1. Middle East & Africa Fiberglass Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Fiberglass Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. China Jushi Co. Ltd
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Owens Corning
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Nippon Electric Glass Co. Ltd
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Taishan Fiberglass Inc. (CTG)
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Johns ManvilleCorp
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Taiwan Glass Ind. Corp
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. AGY Holding Corp
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Asahi Fiberglass Co. Ltd
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Saint- Gobain Vetrotex
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. PFG Fiber Glass Co. Ltd
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategiesa
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
