The Global Fiberglass Market is Projected to Reach $14.27 Billion by 2019


Posted July 14, 2015 by MicroMktM

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.

 
Fiberglass is made by combining a group of extremely thin glass fibers. The glass fibers may be randomly arranged. These glasses commonly comprise of silica or silicate, with varying amounts of oxides of calcium, magnesium, and boron. Fiberglass is a strong lightweight material, and is utilized for many products. Although, it is not as strong and stiff as composites based on carbon fiber, it is less brittle and its raw materials are much cheaper.

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The bulk strength and weight of fiberglass are also better than other metals, and it can be molded into complex shapes much easily. Applications of fiberglass are into composites including aircraft, boats, automobiles, bath tubs and enclosures, and insulation. The global market of fiberglass is dominated by the Asia-Pacific region, followed by North America and Europe, both in terms of value and volume. China is the biggest manufacturer of fiberglass in the world. Though, the growth in China fiberglass industry had slowed down in the past few years, globally the market demand has been stable. During the first decade of the twenty first century, the global market of fiberglass was in glut of production capacity but recently the overall demand has increased, optimizing the oversupplies in this market.

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This report aims to estimate the global fiber glass market for 2014, and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global fiberglass market. It provides a comprehensive review of major drivers and restraints of the market. The global fiber glass market is mainly segmented into application and geography.

An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of major players in the global fiber glass market has been covered in this report. Major companies involved in this market are 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.) among others.
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Last Updated July 14, 2015