Fiberglass Market Worth 18.75 Billion USD by 2022
PUNE, India, August 11, 2017 /PRNewswire/ --
According to a new market research report "Fiberglass Market by Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Glass Wool Insulation), and Region (Asia Pacific, Europe, North America, Middle East and Africa) - Global Forecast to 2022", published by MarketsandMarkets™, the market was estimated at USD 13.95 Billion in 2017 and is projected to reach USD 18.75 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 244 Market Data Tables and 59 Figures spread through 278 Pages and in-depth TOC on "Fiberglass Market"
http://www.marketsandmarkets.com/Market-Reports/fiberglass-market-6124844.html
Early buyers will receive 10% customization on this report
The fiberglass market is growing due to the extensive use of fiberglass in the construction industry, use of fiberglass composites by the automotive industry for enhanced performance, and an increasing number of wind turbine installations.
Chopped strand is projected to be the fastest-growing type segment in the global fiberglass market during the forecast period.
Chopped strands are fiberglass strands used to provide reinforcements in the automotive and construction applications. These can be mixed with resin to produce reinforcing gap fillers in construction activities. Chopped strands used along with polyester resin produce strong, stiff, and tough laminates used in water tanks, boats, and other industrial applications. These are suitable for the hand lay-up process using thermoset resin systems in automobile, re-creation, and chemical industries. Rising automotive production in the Asia Pacific and Europe is expected to drive the demand in the chopped strand type segment market.
Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=6124844
Composites are projected to be the fastest-growing application segment in the global fiberglass market during the forecast period.
A composite is projected to be the fastest-growing application during the forecast period. The strength-to-weight ratio of fiberglass is higher than steel and aluminum. The reduction in weight for a given level of strength makes the use of fiberglass vital in the automotive industry. The fiberglass applications market for the automotive industry is in a nascent stage, with the key drivers being low processing time and cost. A number of car manufacturers, along with glass fiber producers, are venturing into the mass production of glass fiber rich automotive parts. Trends such as weight reduction, increased processing speed, and lower VOC emissions are driving the fiberglass market in automotive applications. Fiberglass enables automotive manufacturers produce structural components that substitute conventional metal components. Automotive applications include bumper beams, under hood applications, exterior panels, and interiors of cars and trains.
The Asia Pacific region is estimated to be the largest market for fiberglass in 2017
The Asia Pacific is estimated to be the largest market for fiberglass in 2017. The increasing demand for fiberglass composites for the manufacture of lightweight vehicles is expected to drive the Asia Pacific fiberglass market. Europe is estimated to be the second largest market of fiberglass in 2017. The European fiberglass market is majorly driven by the growing demand from the fast-growing transportation, marine, aerospace and defense, and wind energy applications. The increasing demand for fiberglass composites to manufacture lightweight vehicles is expected to drive the fiberglass market.
Sample Pages of Report @ http://www.marketsandmarkets.com/requestsample.asp?id=6124844
Key players in the Fiberglass Market include China Jushi Co. Ltd (China), Owens Corning (US), PPG Industries, Inc. (US), Taishan Fiberglass Inc. (China), Chongqing Polycomp International Corp. (China), Nippon Electric Glass Co., Ltd. (Japan), Binani 3B-The Fibreglass Company (India), and Johns Manville Corp. (US), among others.
Browse Related Reports
Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html
GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) - Global Forecast to 2026
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article