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Fiberglass Composites Market (Type - Roving Fiberglass, Chopped Fiberglass, Yarn Fiberglass, and Others; Application - Construction, Automotive, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : May, 2022

  • Rep Id : CM00905

  • Category : Chemicals & Materials

  • Status : Published

A recent report ongoing study by Infinium Global Research on the global fiberglass composites market provides an in-depth analysis of segments and sub-segments in the global as well as regional global fiberglass composites market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional global fiberglass composites market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global fiberglass composites market. According to the report, the global fiberglass composites market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

 

Market Insight

The global fiberglass composites market was valued with a significant CAGR during the forecast period. Fiberglass consists of various fine strands of silica polymers which are, relying on the kind, include alkali oxides, aluminum, boron, or other trace molecules. The resultant composite is strong, lightweight, and versatile when embedded within an epoxy matrix and cured. It's manufactured in several forms for specific permutations of fabric properties like enduringness, tenacity, compression strength, and thermal expansion, similarly for various price points. Fiberglass is combined with resin to make a strong and sturdy composite. Fiberglass or optical fiber could be a reinforced plastic material that's composed of a woven material that's embedded with glass fibers which are randomly laid across each other and held along with a binding substance.

 

Increased demand for lightweight fiberglass composites within the transportation segment is one of the important factors driving the expansion of the market. the key growth drivers related to this market are the increase in automotive production and also the increasing demand for durable and lightweight materials due to stringent government regulations to decrease greenhouse emission emissions. The future of the worldwide fiberglass composites market looks bright with opportunities in various industries, like automotive, construction, healthcare, and several other industries. The marketplace for fiberglass composites within the industry is anticipated to be the fastest-growing industry, due to the extensive range of utilization. one among the explanations for fiberglass composite's relative success is its several advantages in comparison to steel. However, the factors like health hazards related to fiber composites may hamper the market growth.

 

In terms of region, the global fiberglass composites market is segmented into North America, Europe, Asia Pacific, Africa, and the Middle East. North America holds the biggest market share, because of the supportive government regulation to reduce hazardous gas emissions in the region. Increasing investment in Research and Development in this sector by major players will enhance the market growth in the region. Moreover, the rising utilization of fiberglass in the automotive industry in European countries due to its high durability will drive the growth of the European region. The Asia Pacific is expected to dominate the market during the forecast period as Asia is the largest market for raw materials. The rising utilization of composites among the developing countries due to rising construction activities will propel the growth of the market in the region.

 

Segment Covered

The report on the global fiberglass composites market covers segments such as type and application. On the basis of type, the sub-markets include roving fiberglass, chopped fiberglass, yarn fiberglass, and others. On the basis of application, the sub-markets include construction, automotive, and others.


Fiberglass Composites Market

 

Companies Profiled:

The report provides profiles of the companies in the market such as Asahi Kasei Corp., Braj Binani Group, China Beihai Fiberglass Co. Ltd., Chongqing Polycomp International Corp., Compagnie de Saint-Gobain SA, Nippon Electric Glass Co. Ltd., Owens Corning, Sinoma Science & Technology Co. Ltd., Solvay Group, and Veplas Group.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the global fiberglass composites market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. 


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