The Fiberglass Mold Market size is USD 309 million in 2019 and is projected to reach USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024. The major factor driving the market is growing demand from APAC and the emerging wind energy industry.
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Epoxy resin is widely used for fiberglass molds. The epoxy resin-based Fiberglass Mold Market is estimated to account for a major share, in terms of value and volume, of the overall market in 2019. Epoxy resins are thermoset resins known for their excellent mechanical, electrical, and high heat resistance properties. They have better physical, mechanical, and adhesion properties and low shrinkage compared to other resins.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 Fiberglass Mold Market, By Resin Type
8 Fiberglass Mold Market, By End-Use Industry
9 Fiberglass Mold Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
APAC is the largest Fiberglass Mold Market, in terms of both value and volume. China, Japan, India, South Korea, Australia are the fast-growing economies that contribute to the growth of the market in the region. The booming wind energy and automotive & transportation industries are bolstering the market for fiberglass mold in the region. APAC accounted for the largest number of wind energy installations globally in 2018, which has created demand for fiberglass molds in the region.
The major players in the Fiberglass Mold Market include Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).
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