FORT WORTH, Texas, July 13, 2015 /PRNewswire/ --
According to the new Market Research Report "Global Fiberglass Market, By Application (Composites, Insulation, Others), By Geography (Asia-Pacific, North America, Europe, and rest of the world) - Analysis & Forecast to 2019", The global fiberglass market, by application was valued at $9.26 billion in 2014, and is projected to reach $14.27 billion by 2019, at a CAGR of 9.0% during 2014 to 2019.
Browse through the TOC of Global Fiberglass Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Fiberglass is derived from pouring molten glass through superfine holes. It is considered to be a type of fiber-reinforced plastic, wherein the reinforced fiber is specifically glass fiber. Fiberglass is a strong, lightweight material that is majorly utilized to develop varied products. The global fiberglass market is experiencing a strong growth due to its increasing applicability in composites and insulations. Composites are the largest end-user application for fiberglass.
The demand for composites and insulations are experiencing high growth, due to an increase in the number of manufacturers and the rapid expansion of the fiberglass industry. The future growth of the industry would be augmented by investments made in the composites segment, especially in regions such as Asia-Pacific, North America, and Europe. In Asia-Pacific and North America, increase in population has directly impacted the overall demand for automobiles and general engineering industries. As fiberglass forms an essential material required to produce race car body and fiberglass seats for CART racing, its increasing applicability in the automobile sector has resulted in the growth of the global fiberglass market..
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Key Players of the Global Fiberglass Market include:
Owens Corning (U.S.), China Fiberglass Company (Jushi Group) (China), AGY Holding Corp. (U.S.), Saint-Gobain Vetrotex (France), and PPG Industries Inc. (U.S.)
The demand for composites and insulations are experiencing high growth, due to an increase in the number of manufacturers and the rapid expansion of the fiberglass industry.
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