Companies covered in fiberglass market are, 3B - the fibreglass company (Herve, Belgium), LANXESS (Cologne, Germany), Owens Corning (Ohio, U.S.), IMERYS GROUP (Paris, France), China Jushi Co., Ltd. (Jiangxi, China), CTG Group (New York, U.S.), Chongqing Polycomp International Corp. (CPIC) (Chongqing, China), Nippon Electric Glass Co.,Ltd. (Tokyo, Japan), Johns Manville (Colorado, U.S.), Taiwan Glass Ind. Corp. (Taipei, Taiwan) , PFG FIBER GLASS CORPORATION, and other players profiled.
Pune, India, Oct. 17, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, The global fiberglass market size is expected to reach USD 25,525.9 million by 2028, exhibiting a CAGR of 4.9% during the forecast period. The increasing application of fiberglass composites in the automotive industry will accelerate the fiberglass market growth during the forecast period, “Fiberglass Market Size, Share & Industry Analysis, and Regional Forecast, 2021-2028.” The market size stood at USD 17,316.8 million in 2020. As the chemical industry moves into 2022, strong demand for both commodity and specialty chemicals should keep prices robust throughout the year. However, the industry could face margin pressures amid raw material cost inflation, which will likely remain high through the first half of 2022. Fiberglass Raw Material
Get a Sample Copy of the Research Report:
The Report Lists the Key Players in the Fiberglass Market:
3B - the fibreglass company (Herve, Belgium)
Owens Corning (Ohio, U.S.)
China Jushi Co., Ltd. (Jiangxi, China)
CTG Group (New York, U.S.)
Chongqing Polycomp International Corp. (CPIC) (Chongqing, China)
Nippon Electric Glass Co.,Ltd. (Tokyo, Japan)
Johns Manville (Colorado, U.S.)
Taiwan Glass Ind. Corp. (Taipei, Taiwan)
PFG FIBER GLASS CORPORATION (Chia Yi Hsien, Taiwan)
ASAHI FIBER GLASS Co., Ltd. (Tokyo, Japan)
Knauf Insulation (Indiana, U.S.)
Saint-Gobain Vetrotex (Tiax, Mexico)
KCC CORPORATION (Seoul, South Korea)
By Category, By Type and Regional
Growth of the Construction Industry Worldwide to Provide More Opportunities to Market
E-glass Segment to Generate High Revenue due to Tremendous Growth in Various End-use Industries
Delayed Shipments to Diminish Market amid Coronavirus
The COVID-19 pandemic had a severe impact on the automotive and construction industry. The temporary shutdown of manufacturing facilities and delayed shipments of materials have disrupted the supply chain and caused enormous losses. The restriction on the import and export of construction materials and automotive components has negatively affected the fiberglass market. An indicator of current and planned construction market conditions for construction professionals, the RICS’ Global Construction Activity Index read -24 in Q2, reflecting both the effect on activity and a subdued outlook. While this metric was pessimistic across continents, it was the lowest (-40) in the Middle East and Africa, and in the Americas, it was the highest (-14). However, the government's lockdown lifts and ease of operations will aid in the recovery of the market.
E-glass to Hold the Largest Share in the Global Market
Based on product, the market is divided into E-glass and specialty. E-glass is expected to account for a major share during the forecast period. E-glass offers exceptional performance qualities. The increasing use of environmentally friendly boron-free E-glass fiber is expected to bolster the segment's healthy growth. Based on the product, the market is classified into glass wool, yarn, roving, chopped strands, and others. Glass wool is expected to hold a significant share. Based on application analysis, the market is divided into transportation, building & construction, electrical & electronics, pipe & tank, consumer goods, wind energy, and others. Transportation is expected to account for a high share due to government regulations, such as U.S. CAFE standards and carbon emission targets in Europe.
Inquire Before Buying This Research Report:
The report on the fiberglass market covers:
Through analysis of all the sections in the market
Meticulous information about prominent companies
Surging Transportation Industry to Aid Market
The stringent regulation by governments to reduce carbon emissions will create demand for low-emission lightweight vehicles, which, in turn, will enable speedy expansion of the market. Composite fiberglass is widely used to produce lightweight cars as a substitute for aluminum and steel in the automotive industry. For instance, Weber Aircraft, a leader who designs and manufactures the aircraft seating system, California, and Strongwell produced fiberglass pultrusion, marking the first development of fiberglass pultrusion for commercial aircraft applications. The parts of the aircraft are unusually complicated and geometric shapes. These 18 distinct shapes are door framing, and panel joiners deployed onboard commercial Boeing 737 aircraft for modular lavatories. Both E Glass and S-2 glass fibers offer special reinforcing properties that are important in these high-performance aerospace applications, including a combination of weight, fiber strength, tensile and compressive modulus, and impact resistance. Similarly, Moi Composites, a tech start-up that 3D printers personalized goods using innovative composite materials, unveiled MAMBO (Motor Additive Manufacturing Boat), a 3D printed fiberglass boat at the Genova Boat Show 2020.
Browse Detailed Summary of Research Report with TOC:
Key Emerging Trends – For Major Countries
Recent Industry Developments - Policies, Partnerships, New Glass Type Launches, and Mergers & Acquisitions
Qualitative Insights – Impact of COVID-19 on Global Fiberglass Market
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
Increasing Industrialization to Intensify Market in Asia Pacific
Asia Pacific is expected to account for a high fiberglass market share during the forecast period due to the flourishing construction industry in developing countries such as India, Indonesia, and Thailand. The rising use of fiber glass in electrical and thermal insulation is expected to enable the market's speedy expansion in the region. Moreover, the growing demand for electric vehicles in China will contribute positively to the market growth in Asia Pacific. The increasing demand for more housing units in the U.S. and Canada will aid development in North America. The ongoing investment in infrastructure and smart city schemes will further create opportunities for North America. The demand for glass fiber for insulation, cladding, surface coating, and roofing raw material in the construction industry will boost the region's growth.
January 2021: Johns Manville introduced a thermal recycling unit for waste glass fibers at its Engineered Materials plant in Trnava, Slovakia.
Frequently Asked Questions (FAQs): 1. Is the Impact of COVID-19 on the fiberglass industry growing?
Answer: Global fiberglass market size is expected to reach USD 25,525.9 million by 2028 2. Who are the key players in the Impact of COVID-19 on the fiberglass Market? Answer: 3B - LANXESS, Owens Corning, IMERYS GROUP, China Jushi Co., Ltd., CTG Group
3. What are the challenges in the fiberglass market? Answer: E-glass Segment to Generate High Revenue
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
Connect us via Social Media Channels:
LinkedIn Facebook Twitter
Turning a cold shoulder to news that Plug Power (NASDAQ: PLUG) is expanding its partnership with FreezPak Logistics, investors are clicking the sell button on the fuel cell specialist Wednesday. As of 12:08 p.m. ET, shares of Plug Power were down by 6.2%. FreezPak Logistics has been working with Plug Power since 2014, and the food logistics company seems to be happy with how things have gone, because it's looking to expand the relationship.
Pros warn there are “just as many who have lost” trying to game the strategy. Here's what you may want to do instead.
Elon Musk took out the carrot. The CEO of Tesla tried on October 19 to reassure the electric vehicle maker's shareholders after a completely disastrous first half of October for Tesla shares. Tesla shares have lost 16.3% since September 30, which translates into a decline in market value of approximately $135 billion.
The arrival of the seventh annual UBS global real estate bubble report rings different, coming at the start of a period of retreat rather than during a wave of excess.
Is the market truly ready for a sentiment shift? According to a recent BofA survey, there are signs the foundations for one are taking shape right now. The survey showed that the average cash level in investors' portfolios in October hit 6.3%, a level not seen since April 2001 and some way higher than the long-term average of 4.8%. So, there’s plenty of cash waiting on the sidelines and ready to be deployed. With the Fed potentially easing its monetary policy next year, BofA thinks a rally in th
AT&T stock rose after its September quarter earnings and revenue topped estimates while the company added more wireless phone subscribers than expected.
Shares of M&T Bank (NYSE: MTB) were trading roughly 12.9% lower as of 12:56 p.m. ET Wednesday after the bank delivered disappointing results for the third quarter. M&T Bank reported diluted earnings per share of $3.53 on total revenue of roughly $2.25 billion -- both numbers that missed analysts' consensus estimates. It completed its large acquisition of People's United Bank earlier this year, and is still in the process of integrating it into its operations.
Another Tesla Inc. earnings call and another fanciful Elon Musk prediction likely encouraged yet another open file at the Securities and Exchange Commission on Wednesday.
In this piece, we will take a look at the ten Warren Buffett stocks that are too cheap to ignore. If you want to skip our introduction to the investment guru, and want to take a look at the top five stocks in this list, then head on over to 5 Warren Buffett Stocks That […]
You don’t get to head one of the world’s largest banks if you don’t know a few things about economics – and so when J.P. Morgan’s CEO Jamie Dimon speaks, investors listen. And lately, what Dimon has to say isn’t nice to hear. "We're just getting closer to what you and I might consider bad events," was the warning Dimon issued on J.P. Morgan’s earnings call last week. So, what are these bad events, then? The CEO thinks another 20% decline for the S&P 500 is not out of the question, a drop which w
"We remain confident in our ability to achieve, or surpass, all our financial commitments for the year," said CEO John Stankey.
Amazon (NASDAQ: AMZN) has disappointed investors over the past few quarters. As for the past, Amazon has a solid track record of revenue and profit growth. The company also has grown important metrics, such as return on invested capital and free cash flow (until recently).
Tesla reported its Q3 earnings on Wednesday missing on revenue expectations.
We all pay taxes, so why not get some money back?
Electric-vehicle startup Mullen is buying a manufacturing plant in Mishawaka, Ind., and other assets out of bankruptcy for $92 million.
(Bloomberg) -- The selloff in Chinese assets is intensifying as this week’s Communist Party Congress disappoints traders wanting relief from a strict Covid-Zero policy and help for an economy mired in a property crisis.Most Read from BloombergWeed Is Coming to Circle K Gas Stations in US Next YearTrump Prosecutors See Evidence for Obstruction ChargesChina Is Debating a Reduction to Covid Quarantine for Inbound TravelersTruss’s Government on Brink as Tories Agitate for Her to GoA Tense Pay Disput
The company delivered 68 cents in adjusted earnings per share, more than the 61 cents analysts estimated.
Blackstone Inc, the world's largest alternative asset manager, said on Thursday its third-quarter distributable earnings fell 16% year-on-year, owing to a sharp drop in asset sales amid a downturn in the market. Financial markets have been rocked by geopolitical unrest from the Russia-Ukraine conflict and rising interest rates by central banks, which have prevented private equity firms like Blackstone from cashing out their investments for top dollar. Blackstone said its net profit from asset divestments across its portfolio, including real estate, private equity, and hedge funds, fell 61% to $402.6 million, down from $1.03 billion a year ago, amid the turmoil.
Futures reversed higher. Elon Musk sees an "epic" Q4 after mixed Tesla earnings, but sees some China and European weakness. Tesla stock fell.
Woven Roving Fiberglass Waiting for housing to plunge? You may be waiting a long time.