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NOIDA, India , Sept. 14, 2022 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights the Fiberglass Market is expected to grow at a CAGR of over 5% from 2021-2027. The analysis has been segmented into Type (S-Glass, E-Glass, A-Glass, D-Glass, E-CR-Glass, and Others); Resin Type (Polyester, Vinyl ester, Epoxy, and Others); Product Type (Woven Roving, Chopped Strand, Fabric and Others); Application (Composites and Insulation); Region/Country.
The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Fiberglass Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Fiberglass Market at the regional & country levels.
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Fiberglass has a wide range of applications in aerospace, automotive, sports, marine, and construction industries, among others due to its low cost of production, lightweight, corrosion-resistant, ease of fabrication, good mechanical properties, and higher strength to weight ratio. As a result, helps industries in reducing the operating cost without compromising the performance. Further, increasing utilization of fiberglass mats in thermal insulation in the electrical industry is a major boost for the market with growth in industrialization and the growing government spending in the construction industry. Moreover, the expanding automotive industry along with the increasing demand for fuel-efficient vehicles is also encouraging the usage of fiberglass in body panels, panel assemblies, wheelhouse assemblies, battery boxes, front fascia, etc. Besides this, fiberglass is continuously replacing metal-based alternatives in pipes, tanks, subsea systems, etc., across the water treatment and oil & gas sectors. For instance, in April 2022 SK ecoplant announced that the company begin to produce fiberglass rebar using plastic bottles as raw materials for the first time in the world. As the name suggests, fiberglass rebar is an alternative to steel rebar made from glass fiber reinforced polymer (GFRP). SK ecoplant has succeeded in extracting one of the main raw materials for GFRP rebar from plastic bottles. Owing to such factors, the demand for fiberglass is likely to grow in the near future.
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https://univdatos.com/report/fiberglass-market/
The global Fiberglass Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Have a Look at the Chapters - https://univdatos.com/report/fiberglass-market/
Fiberglass Market Geographical Segmentation Includes:
For a better understanding of the market adoption of the Fiberglass industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada , Rest of North America ); Europe (Germany , U.K., France , Italy , Spain , and the Rest of Europe ); Asia-Pacific (China , Japan , India , Australia , Rest of Asia-Pacific ); and the Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to a large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Moreover, increasing construction works with industrialization in the region would increase the demand for fiberglass as it is used for coating and insulation due to its thermal resistance and durability.
The major players targeting the market include
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Fiberglass Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
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About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Contact UnivDatos Market Insights Ankita Gupta Director Operations Ph: +91-7838604911 Email: [email protected] Website: https://univdatos.com/
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SOURCE Univdatos Market Insights Private Limited
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