Market Overview:
The global fiberglass resin 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 fiberglass resins in the automotive and shipbuilding industries. Fiberglass resins are used for various applications such as repairing boats, cars, and other vehicles. They are also used in wind turbines and other construction applications.
Product Definition:
Fiberglass resin is a type of synthetic resin that is used to create fiberglass. It is a thermoset plastic, meaning that it undergoes a chemical reaction when it is heated that causes it to harden and become insoluble. This makes it an ideal material for creating strong, lightweight composite materials like fiberglass.
Waterproof:
Waterproofing is the process of protecting structures or vehicles that are above water surface. It can be done with various materials such as concrete, bitumen, wood and fiberglass resin. Fiberglass resin is used in large quantities for waterproofing purposes owing to its characteristics such as high strength and durability along with low cost compared to other materials.
Oil-proof:
Oil-proof is a type of coating used in fiberglass resin manufacturing. It is applied to the wet fiberglass and helps it dry faster. The coating also has the ability to protect it from moisture, dust, and other particulate matter that may get into the fibers while transporting or storing them.
Application Insights:
The car application segment led the global market and accounted for more than 45% of the total revenue share in 2017. The demand is expected to be fueled by increasing automobile production, especially in China, India and Japan. Moreover, stringent regulations regarding CO2 emission are likely to boost product demand in automotive applications over the forecast period.
Fiberglass resins have a wide range of uses including shipbuilding & marine applications as well as other repairs such as household furniture and architectural moldings among others. Increasing repair activities across various industries are anticipated to augment product consumption over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of major players, technological advancements, and high demand for lightweight materials. In North America, Mexico is expected to witness significant growth over the forecast period owing to rising investments by companies in this region for manufacturing ships and other marine vessels.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 on account of rapid industrialization coupled with increasing per capita income levels in developing countries such as China and India are expected drive product demand over next eight years. Furthermore, favorable government policies encouraging domestic production are likely boost industry expansion over coming years. For instance; In April 2016; Government of India allowed 100% FDI under automatic route for textiles which will help promote investment opportunities especially from American brands that use fiberglass resins as a raw material source for manufacturing clothing products such as vests, jackets among others).
Growth Factors:
- Increasing demand from end-use industries such as construction, transportation, and wind energy is expected to drive the growth of fiberglass resin market over the forecast period.
- Growing demand for lightweight and durable materials in automotive and aerospace sectors is projected to propel the fiberglass resin market growth.
- Rising awareness about benefits of using fiberglass resins in various applications is anticipated to boost the market growth during the forecast period.
- Technological advancements in manufacturing processes are expected to provide opportunities for market expansion over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiberglass Resin Market Research Report
By Type
Waterproof, Oil-proof
By Application
Car, Shipbuilding, Other Repairs
By Companies
3M, Evercoat (Illinois Tool Works), Hi Bond, West System, Marine Tex
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Fiberglass Resin Market Report Segments:
The global Fiberglass Resin market is segmented on the basis of:
Types
Waterproof, Oil-proof
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
Car, Shipbuilding, Other Repairs
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:
- 3M
- Evercoat (Illinois Tool Works)
- Hi Bond
- West System
- Marine Tex
Highlights of The Fiberglass Resin 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:
- Waterproof
- Oil-proof
- By Application:
- Car
- Shipbuilding
- Other Repairs
- 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 Resin 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 resin is a type of plastic that is made from the by-products of the papermaking process. It is a strong, lightweight material that can be used to make products such as boat hulls, car parts, and furniture. Fiberglass resin is also often used in construction projects because it has high resistance to water and weathering.
Some of the major players in the fiberglass resin market are 3M, Evercoat (Illinois Tool Works), Hi Bond, West System, Marine Tex.
The fiberglass resin market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiberglass Resin 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 Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiberglass Resin 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 Resin 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 Resin Market Size & Forecast, 2018-2028
4.5.1 Fiberglass Resin Market Size and Y-o-Y Growth
4.5.2 Fiberglass Resin Market Absolute $ Opportunity
Chapter 5 Global Fiberglass Resin 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 Resin Market Size Forecast by Type
5.2.1 Waterproof
5.2.2 Oil-proof
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fiberglass Resin 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 Resin Market Size Forecast by Applications
6.2.1 Car
6.2.2 Shipbuilding
6.2.3 Other Repairs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiberglass Resin 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 Resin 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 Resin Analysis and Forecast
9.1 Introduction
9.2 North America Fiberglass Resin 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 Resin Market Size Forecast by Type
9.6.1 Waterproof
9.6.2 Oil-proof
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 Resin Market Size Forecast by Applications
9.10.1 Car
9.10.2 Shipbuilding
9.10.3 Other Repairs
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 Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Fiberglass Resin 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 Resin Market Size Forecast by Type
10.6.1 Waterproof
10.6.2 Oil-proof
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 Resin Market Size Forecast by Applications
10.10.1 Car
10.10.2 Shipbuilding
10.10.3 Other Repairs
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 Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fiberglass Resin 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 Resin Market Size Forecast by Type
11.6.1 Waterproof
11.6.2 Oil-proof
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 Resin Market Size Forecast by Applications
11.10.1 Car
11.10.2 Shipbuilding
11.10.3 Other Repairs
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 Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Fiberglass Resin 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 Resin Market Size Forecast by Type
12.6.1 Waterproof
12.6.2 Oil-proof
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 Resin Market Size Forecast by Applications
12.10.1 Car
12.10.2 Shipbuilding
12.10.3 Other Repairs
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 Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fiberglass Resin 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 Resin Market Size Forecast by Type
13.6.1 Waterproof
13.6.2 Oil-proof
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 Resin Market Size Forecast by Applications
13.10.1 Car
13.10.2 Shipbuilding
13.10.3 Other Repairs
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 Resin Market: Competitive Dashboard
14.2 Global Fiberglass Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Evercoat (Illinois Tool Works)
14.3.3 Hi Bond
14.3.4 West System
14.3.5 Marine Tex
