Market Research Future as Published Research Study on the Fiberglass Market Research Report – Global Forecast till 2025
Penchant for Lightweight Automobiles to Positively Impact Fiberglass Market Growth
Fiberglass Market Overview:
According to Market Research Future (MRFR), the global fiberglass market is poised to reach a valuation of approximately USD 20.32 BN by 2025. In its recently published report, MRFR also asserts that the market would register a CAGR over 9.2% throughout the forecast period (2018 – 2025). The growing automotive and electrical industry on account of developing domestic as well as commercial market is boosting the growth of the fiberglass market.
On the flip side, fluctuating cost of raw materials, the demand-supply gap in raw materials, and the growing number of health and environment concerns are factors that may deter the fiberglass market growth over the forecast period.
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Fiberglass Market Competitive Analysis:
Well-established, the fiberglass market appears to be highly competitive and fragmented due to the presence of several large and small-scale players. These players compete based on innovation, product features, quality, cost, and financial stability. They incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch to maintain their market position. Major players increasingly invest in internal R&D and in acquiring other promising firms.
Fiberglass Market Key Players:
Players leading the global fiberglass market include AGY Holding Corp. (US), Jushi Group Co. Ltd (China), Saint-Gobain Vetrotex (Europe), Owens Corning (US), PPG Industries Inc. (US), Taiwan Glass Industry Corporation (Taiwan), PFG Fiber Glass Corporation (Taiwan), Taishan Fiberglass Inc (China), Fiber Glass Industries Inc (US), and W. L. Gore & Associates, Inc (US), among others.
Fiberglass Market Segmentation:
The report is segmented into four market dynamics to widen the scope of understanding,
By Type : A-glass, C-glass, D-glass, E-glass, R-glass, and S-glass, among others (AR-glass, ECR-glass, etc.).
By Application: Composites and Insulations.
By End-user: Aerospace, Construction, Automotive, Electrical, Industrial, and Pharmaceutical, among others (wind energy, petrochemicals, etc.).
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Fiberglass Market Regional Analysis:
The Asia Pacific region leads the global fiberglass market, witnessing a huge demand from various end-use industries, such as the automotive, construction, and electrical industry. Rapidly developing countries China, India, and by Japan, witness an enormous market demand. Moreover, increasing demand from the construction sector in India, Indonesia, and Thailand support the growth of the APAC fiberglass market.
The fiberglass market in North America takes the second position, led by the increasing consumption of the product. Increasing production capacities, high consumption potential, and the well-developed economy are driving the regional market. Moreover, increasing demand for fiberglass-based construction materials would boost the regional fiberglass market over the forecast period.
The European fiberglass market is emerging as a profitable market globally. Large consumption of the product in pharmaceutical, construction and electrical industry is a major tailwind pushing up the regional market growth. Furthermore, the automotive and aerospace sectors propel the growth of the regional market, consuming fiberglass exponentially.
Fiberglass Market Table Of Contents to be Continue……,
Browse key industry insights spread across 140 pages with 59 market data tables & 14 figures & charts from the report, “Basic Chemicals Market Global Information: By Type (Organic- Ammonia, Chlorine, Sodium Hydroxide, and Inorganic- Benzene, Ethylene, Propylene), Application (Plastics, Fiber, Rubber, Fertilizers, Soaps & Detergents, Adhesives, And Building Materials) Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents @https://www.marketresearchfuture.com/reports/fiberglass-market-3196
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