Market Overview:
The global fiberglass and glass fiber reinforcements market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable materials across various applications. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The automotive and transportation segment is expected to account for the largest share of the global fiberglass and glass fiber reinforcements market in 2018. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to increasing demand for lightweight vehicles across all regions.
Product Definition:
Fiberglass is a type of reinforced plastic in which the reinforcement material is glass fiber. The plastic matrix can be a thermoset polymer such as epoxy, polyester, or vinylester, or a thermoplastic such as acrylic or polypropylene. Glass fiber reinforcements are important because they add stiffness and strength to plastics without adding weight.
Fiberglass:
Fiberglass is a composite material, which consists of glass fibers and resin. The product has high strength and stiffness as compared to the other composites; it also has low weight, making it ideal for use in reinforced plastics.
Glass Fiber Reinforcements:
Glass fiber reinforcements are used in glass and fiberglass products to increase the strength of the product. It is made up of fine fibers that are coated with resin. The most common types of glass fiber reinforcements include aramid, carbon, ceramic, and silicon carbide. These materials have different properties which make them suitable for various applications in construction as well as automotive industries.
Application Insights:
The automotive and transportation segment accounted for the largest revenue share in 2016. Increasing use of glass fiber reinforced plastics in the automotive industry to make light vehicles more durable is expected to be a key factor driving the market growth over the forecast period.
Automotive applications include body side, door panels, bonnet closures, boot liners & lining (trunk closure), headliners (corner reinforcement), flooring (rear package shelf) and others. Glass fibers are used extensively in composites owing to their superior strength-to-weight ratio which makes them suitable for use as an alternative or supplement to steel wire and plastic films used for structural components of automobiles.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing demand for lightweight vehicles, high standard of living, and growing industrialization. In North America, Mexico is one of the major manufacturing hubs with various products being manufactured from steel to electronics being produced in this country. Thus, Mexico offers huge potential for growth as a manufacturing hub and also has a skilled workforce that can assist in providing complete solutions according to requirements of customers.
The Asia Pacific region is expected to witness significant gains over the forecast period owing to rapid development taking place across several sectors including automotive industry; construction sector; consumer goods industry; aerospace & defense sector; energy & power generation sector among others.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing demand for fiberglass in construction and infrastructure sectors
- Rising popularity of fiberglass reinforced plastics (FRP) in various end-use applications
- Technological advancements in manufacturing processes of fiberglass products
- Growing awareness about the benefits of using glass fiber reinforcements
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiberglass and Glass Fiber Reinforcements Market Research Report
By Type
Fiberglass, Glass Fiber Reinforcements
By Application
Automotive and Transportation, Marine, Wind Energy, Building and Construction, Electricals and Electronics, Consumer Goods, Aerospace and Defense, Other
By Companies
URSA Insulation, Taiwan Glass Ind Corp, Taishan Fiberglass, Superglass Holdings, Saint-Gobain, SAERTEX Group, PPG Industries, Owens Corning, Nitto Boseki, Huamei Group Langfang Electric Resin, URSA Insulation, Alghanim Industries, Asahi Fiber Glass, BGF Industries, Braj Binani Group, China Fiberglass, Chomarat, Chongqing Polycomp International Corp, CSR company, Guardian Industries, Johns Manville, KCC Corporation, Knauf Insulation, Nippon Electric Glass
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Fiberglass and Glass Fiber Reinforcements Market Report Segments:
The global Fiberglass and Glass Fiber Reinforcements market is segmented on the basis of:
Types
Fiberglass, Glass Fiber Reinforcements
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive and Transportation, Marine, Wind Energy, Building and Construction, Electricals and Electronics, Consumer Goods, Aerospace and Defense, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- URSA Insulation
- Taiwan Glass Ind Corp
- Taishan Fiberglass
- Superglass Holdings
- Saint-Gobain
- SAERTEX Group
- PPG Industries
- Owens Corning
- Nitto Boseki
- Huamei Group Langfang Electric Resin
- URSA Insulation
- Alghanim Industries
- Asahi Fiber Glass
- BGF Industries
- Braj Binani Group
- China Fiberglass
- Chomarat
- Chongqing Polycomp International Corp
- CSR company
- Guardian Industries
- Johns Manville
- KCC Corporation
- Knauf Insulation
- Nippon Electric Glass
Highlights of The Fiberglass and Glass Fiber Reinforcements Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiberglass
- Glass Fiber Reinforcements
- By Application:
- Automotive and Transportation
- Marine
- Wind Energy
- Building and Construction
- Electricals and Electronics
- Consumer Goods
- Aerospace and Defense
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiberglass and Glass Fiber Reinforcements Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiberglass and glass fiber reinforcements are materials that are used in the construction of composite materials, such as aircrafts and boats. These reinforcements help to increase the strength and stiffness of the composite material.
Some of the key players operating in the fiberglass and glass fiber reinforcements market are URSA Insulation, Taiwan Glass Ind Corp, Taishan Fiberglass, Superglass Holdings, Saint-Gobain, SAERTEX Group, PPG Industries, Owens Corning, Nitto Boseki, Huamei Group Langfang Electric Resin, URSA Insulation, Alghanim Industries, Asahi Fiber Glass, BGF Industries, Braj Binani Group, China Fiberglass, Chomarat, Chongqing Polycomp International Corp, CSR company, Guardian Industries, Johns Manville, KCC Corporation, Knauf Insulation, Nippon Electric Glass.
The fiberglass and glass fiber reinforcements market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiberglass and Glass Fiber Reinforcements Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiberglass and Glass Fiber Reinforcements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiberglass and Glass Fiber Reinforcements Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiberglass and Glass Fiber Reinforcements Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiberglass and Glass Fiber Reinforcements Market Size & Forecast, 2018-2028
4.5.1 Fiberglass and Glass Fiber Reinforcements Market Size and Y-o-Y Growth
4.5.2 Fiberglass and Glass Fiber Reinforcements Market Absolute $ Opportunity
Chapter 5 Global Fiberglass and Glass Fiber Reinforcements Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
5.2.1 Fiberglass
5.2.2 Glass Fiber Reinforcements
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fiberglass and Glass Fiber Reinforcements Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
6.2.1 Automotive and Transportation
6.2.2 Marine
6.2.3 Wind Energy
6.2.4 Building and Construction
6.2.5 Electricals and Electronics
6.2.6 Consumer Goods
6.2.7 Aerospace and Defense
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiberglass and Glass Fiber Reinforcements Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fiberglass and Glass Fiber Reinforcements Analysis and Forecast
9.1 Introduction
9.2 North America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
9.6.1 Fiberglass
9.6.2 Glass Fiber Reinforcements
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
9.10.1 Automotive and Transportation
9.10.2 Marine
9.10.3 Wind Energy
9.10.4 Building and Construction
9.10.5 Electricals and Electronics
9.10.6 Consumer Goods
9.10.7 Aerospace and Defense
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fiberglass and Glass Fiber Reinforcements Analysis and Forecast
10.1 Introduction
10.2 Europe Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
10.6.1 Fiberglass
10.6.2 Glass Fiber Reinforcements
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
10.10.1 Automotive and Transportation
10.10.2 Marine
10.10.3 Wind Energy
10.10.4 Building and Construction
10.10.5 Electricals and Electronics
10.10.6 Consumer Goods
10.10.7 Aerospace and Defense
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fiberglass and Glass Fiber Reinforcements Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
11.6.1 Fiberglass
11.6.2 Glass Fiber Reinforcements
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
11.10.1 Automotive and Transportation
11.10.2 Marine
11.10.3 Wind Energy
11.10.4 Building and Construction
11.10.5 Electricals and Electronics
11.10.6 Consumer Goods
11.10.7 Aerospace and Defense
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fiberglass and Glass Fiber Reinforcements Analysis and Forecast
12.1 Introduction
12.2 Latin America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
12.6.1 Fiberglass
12.6.2 Glass Fiber Reinforcements
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
12.10.1 Automotive and Transportation
12.10.2 Marine
12.10.3 Wind Energy
12.10.4 Building and Construction
12.10.5 Electricals and Electronics
12.10.6 Consumer Goods
12.10.7 Aerospace and Defense
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fiberglass and Glass Fiber Reinforcements Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Type
13.6.1 Fiberglass
13.6.2 Glass Fiber Reinforcements
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fiberglass and Glass Fiber Reinforcements Market Size Forecast by Applications
13.10.1 Automotive and Transportation
13.10.2 Marine
13.10.3 Wind Energy
13.10.4 Building and Construction
13.10.5 Electricals and Electronics
13.10.6 Consumer Goods
13.10.7 Aerospace and Defense
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiberglass and Glass Fiber Reinforcements Market: Competitive Dashboard
14.2 Global Fiberglass and Glass Fiber Reinforcements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 URSA Insulation
14.3.2 Taiwan Glass Ind Corp
14.3.3 Taishan Fiberglass
14.3.4 Superglass Holdings
14.3.5 Saint-Gobain
14.3.6 SAERTEX Group
14.3.7 PPG Industries
14.3.8 Owens Corning
14.3.9 Nitto Boseki
14.3.10 Huamei Group Langfang Electric Resin
14.3.11 URSA Insulation
14.3.12 Alghanim Industries
14.3.13 Asahi Fiber Glass
14.3.14 BGF Industries
14.3.15 Braj Binani Group
14.3.16 China Fiberglass
14.3.17 Chomarat
14.3.18 Chongqing Polycomp International Corp
14.3.19 CSR company
14.3.20 Guardian Industries
14.3.21 Johns Manville
14.3.22 KCC Corporation
14.3.23 Knauf Insulation
14.3.24 Nippon Electric Glass
