Fiber material

Fiberglass Market Report 2021: Market was valued at USD 11 billion in 2020 and is expected to be worth USD 17.6 billion by 2030

The global glass fiber market is expected to exceed USD 17.6 billion by 2030 from USD 11 billion in 2020 at a CAGR of 4.3% in the coming years i.e. 2021-30.

PHILADELPHIA, UNITED STATES, Jan. 25, 2022 /EINPresswire.com/ — Fatpos Global has released a report titled “Fiberglass Market – Market Size, Share and Trend Analysis 2014-2020 and Forecast to ‘in 2030’, which is expected to reach USD 17.6 billion by 2030. According to a study by Fatpos Global, the market is expected to grow at a CAGR of 4.3% between 2020 and 2030. The significant use of fiberglass in the construction and infrastructure sectors, as well as the increasing use of fiberglass composites in the automotive industry, are two major factors driving the expansion of the fiberglass market.

“Global fossil fuel capacity is shrinking. Therefore, increasing the use of renewable energy sources is essential. One of the most important renewable energy sources is wind power. The fiberglass market is driven by the growing need for wind power. In wind turbines, fiberglass composites are used to strengthen the blades and provide high resistance to fatigue and corrosion,” said a senior analyst from Fatpos Global.

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Note- This sample report includes
• Brief introduction to the research report.
• Table of Contents (scope covered within the scope of the study)
• Research methodology
• Key player mentioned in the report
• Presentation of data
• Market taxonomy
• Size and share analysis
• Post-COVID-19 impact analysis
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Global Glass Fiber Market: Key Players
• Taiwan Glass Ind. Corp., (Taiwan)
• China Jushi Co., Ltd., (China)
• Owens Corning, (United States)
• Nippon Electric Glass Co., Ltd., (Japan)
• Taishan Fiberglass Inc. (CTG), (China)
• Chongqing Polycomp International Corp. (CPIC), (China)
• Johns Manville Corp., (United States)
• Binani 3B-the Fiberglass Company, (Belgium)
• Other top players

Fiberglass is a strong, lightweight material made of fine glass fibers that can be woven into a woven layer or used as a backing. Fiberglass is weaker and stiffer than carbon fiber composites, but less brittle and less expensive. Fiberglass is a versatile material widely used in the composite industry. Excellent strength, low weight, bendability and dimensional stability have all been demonstrated. Fiberglass is used in a variety of applications including aircraft, boats, vehicles, swimming pools, storage tanks, roofing, pipelines, coatings and castings.

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In the new report, Fatpos Global strives to present an unbiased analysis of the global fiberglass market that covers historical demand data as well as forecast figures for the period, i.e., 2021-2030. The study includes compelling information about the growth seen in the market. The market is segmented by end use into composites, insulation, by resin type into thermosetting resins, thermoplastic resins. Geographically, the market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.

Market regions
• North America: (United States and Canada)
• Latin America: (Brazil, Mexico, Argentina, rest of Latin America)
• Europe: (Germany, United Kingdom, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, rest of Asia-Pacific)
• Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

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Glass fiber market segments

By end use
• Composite materials
• Insulation
By type of resin
• Thermosetting resins
• Thermoplastic resins

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