The report "Fiberglass Mold Market by Resin Type (Epoxy, Vinyl Ester, Polyester), End-Use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure), and Region - Global Forecast to 2024" The fiberglass mold market is expected to grow from USD 309 million in 2019 to USD 468 million by 2024, at a CAGR of 8.7% during the forecast period. The fiberglass mold market is witnessing a significant growth because of the growing demand from various industries such as marine, automotive & transportation, and wind energy. Fiberglass molds are helpful in providing dimensionally accurate, lightweight, and strong composite materials.

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Epoxy-resin-based fiberglass mold is expected to be a promising market during the forecast period. The epoxy-resin-based fiberglass molds offer high heat resistance and excellent mechanical properties. They have better physical, mechanical, and adhesion properties and low shrinkage compared to other resins. These properties enable the epoxy-resin-based molds to be widely used in the various end-use industries.

APAC is a key fiberglass mold market. The booming industries including wind energy, automotive & transportation, and construction & infrastructure are responsible for the growth of the fiberglass mold market in the region. China is one of the prominent consumers of fiberglass mold in the region. The country has become the single-largest consumer of fiberglass mold in the wind energy industry and is expected to strengthen its position further. APAC has a presence of major fiberglass mold manufacturers such as Gurit Holding AG and Shandong Shaungyi Technology Co., Ltd.

The fiberglass mold market comprises major solution providers, such as 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). The study includes an in-depth competitive analysis of these key players in the fiberglass mold market, with their company profiles, recent developments, and key market strategies. 

Gurit Holding AG is an established company in the global fiberglass mold market. The company is constantly engaged in providing high-grade fiberglass molds. As a part of its growth strategy, it is highly focused on investment and acquisitions. For instance, in September 2017, the company acquired PH Windsolutions Inc. (Canada) to strengthen its expertise in fiberglass mold manufacturing. PH Windsolutions is an expert in the wind blade mold automation systems, which has helped Gurit Holding AG to enhance its service capability, market presence, and addressable customer base.

 TPI Composites is among the major manufacturers and producers of fiberglass molds, globally. It has focused mainly on expansions as its major growth strategy. The company opened a new R&D facility in Kolding (Denmark) in order to enhance its technical expertise. This investment has helped the company to offer cost-effective solutions and strengthen technical and engineering resources.  

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