fiberglass market to Observe Major Financial Boost in the Forecast Duration (2020-2027)

 

fiberglass market is expected to be valued at USD 15.79 Billion in 2027 from USD 11.25 Billion in 2019, registering a CAGR of 4.6% through the forecast period.

Fiberglass, also known as glass-fiber reinforced plastic  ( GFRP ),  is a type of  fiber-reinforced plastic  made with  glass fiber . It can be woven into a  fabric or flattened into a sheet (a chopped strand mat).

The leading industry participants include Nippon Electric Glass Co., LTD., China Jushi Co., Ltd., Johns Manville Corp., Owens Corning, Binani 3B - The Fibreglass Company, Taiwan Glass Ind Corp., TAISHAN FIBERGLASS INC. (CTG), PFG Fiber Glass (Kunshan) Co., Ltd., AGY Holding Corp., and Knauf Insulation.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/fiberglass-market

Key Highlights of the Report:

In August 2020, Owens Corning introduced its latest product line of extruded polystyrene (XPS) foam products, named FOAMULAR ®  NGX insulation. The new products are guaranteed to deliver around a 90% decrease in the global warming potential (GWP), while maintaining product performance.

For the purpose of this report, Emergen Research has segmented the global fiberglass market on the basis of type, application, end-use, and region:

Regional Outlook (Revenue, USD Billion; 2017–2027)

o   North America

•                     U.S.

•                     Canada

o   Europe

•                     Germany

•                     U.K.

•                     France

•                     BENELUX

•                     Rest of Europe

o   Asia Pacific

•                     China

•                     Japan

•                     South Korea

•                     Rest of Asia Pacific

o   Latin America

•                     Brazil

•                     Rest of Latin America

o   Middle East & Africa

•                     Saudi Arabia

•                     U.A.E.

•                     Rest of Middle East & Africa

Scope of the Report:

With all the data gathered and analyzed using SWOT analysis, there was a clearer picture of the competitive landscape of the global fiberglass market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.

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