Vietnam fiberglass market is projected to register a robust growth during the forecast period, 2023-2027. Fiberglass is a type of fiber-reinforced plastic that has properties such as hardness, resistance to chemical attacks, inertness, stability, strength, etc. Fiberglass is widely utilized for the manufacturing of aircraft boats, automobiles, bathtubs, swimming pools, hot tubs, septic tanks, water tanks, pipes, claddings, etc. The market growth can be attributed to the growing use of fibreglass in wind turbine installations, owing to the increased need for the production of renewable energy sources. Besides, the increasing use of fibreglass in the construction applications coupled with rising adoption of fiberglass as composites in the automotive industry are anticipated to fuel the growth of the Vietnam fiberglass market during the forecast period. Additionally, increasing demand for chopped stand glass fiber are providing lucrative opportunities for the growth of the market. Increased focus of automobile manufacturers to produce lightweight and fuel-efficient vehicles is also supporting the growth of the Vietnam fiberglass market.
Vietnam fiberglass market is segmented on the basis of type, glass fibre type, resin, applications, and region. Based on the type, the market is divided into glass wool, direct and assembled roving, yarn, chopped strand and others. The glass wool segment is expected to lead the market in the next five years due to their use in residential construction for insulation as it enables to maintain a consistent temperature, allows better comfort and air quality, reduces the consumption of energy, protects from fire, and makes buildings soundproof. Based on applications, the market is divided into composites and glass wool insulation composites. The composites segment is projected to lead the market for the next five years, due to widespread use of composites in wind energy turbines as fibreglass delivers high tensile strength, allows the manufacture of large blades thus enabling high energy output along with providing corrosion resistance.
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Some of the leading players in the Vietnam fiberglass market are China Jushi Co., Ltd., Owens Corning, PPG Industries Inc., Taishan Fiberglass Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co. Ltd., Binani 3B-The Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co. Ltd, etc.
| Attribute | Details |
| Historic Data | 2024-2032 – 2024-2032 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2024-2032-2024-2032 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Type · By Glass Fiber Type · By Resin · By Applications |
| Region scope | North Vietnam, South Vietnam, Central Vietnam |
| Key companies profiled | China Jushi Co., Ltd., Owens Corning, PPG Industries Inc., Taishan Fiberglass Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co. Ltd., Binani 3B-The Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co. Ltd |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
