Global E-Fiberglass Market Size By Product (Roving Glass Fibers, Chopped Glass Fibers), By Application (Construction, Transportation), By Geographic Scope And Forecast

E-Fiberglass Market Size And Forecast

E-Fiberglass Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The building industry’s expansion has been fueled by rising customer per capita income along with qualities such as simplicity of installation and aesthetics. The growth of the building industry is a major driver of the E-Fiberglass Market. The Global E-Fiberglass Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global E-Fiberglass Market Definition

The common glass composition used for most glass fibers is E-glass, also known as electrical glass. Silicon, aluminum, calcium, magnesium, and boron oxides are used to make it. In the fiber-reinforced polymer composite business, E-fiberglass is more widely employed. It provides a fair blend of performance and cost, with outstanding strength and stiffness (albeit not as good as S-glass), as well as chemical, moisture, and heat resistance. One of its important qualities is its ability to insulate electricity, which was designed expressly for use in electrical applications. Other common uses for the material include aircraft and other industrial equipment components, in addition to electrical components.

A fiberglass is a form of fiber-reinforced plastic in which the reinforcing material is glass fiber. Fiberglass is also known as glass fiber reinforced plastic or glass-reinforced plastic because of this. Glass fibers are made up of many types of glass. The glass fiber is randomly placed or weaved into the fabric after it has been flattened into a sheet. Fiberglass is a light, robust, yet brittle material. Fiberglass comes in a variety of shapes and sizes, each of which is employed for a distinct purpose Alkali glass is another name for A-glass. A-glass fiber is chemically resistant and resembles window glass in appearance. It is utilized to produce process equipment outside of the United States. Chemical glass is another name for C-glass. Chemical resistance is excellent in C-glass. Electrical glass is sometimes known as e-glass. E-glass is a great electrical insulator. Alkali-resistant glass is (AE-glass). S-glass is another name for structural glass. The mechanical properties of S-glass are used.

Global E-Fiberglass Market Overview

The Construction Industry’s Global Growth Will Provide More Market Opportunities Glass fiber is mostly employed as a composite in the construction industry. It is widely utilized in construction materials because of its qualities, which include fire resistance, anti-corrosion, lightweight, and outstanding strength. In the construction business, it’s typically utilized for non-structural components including pipelines, exterior panels, and channels. As a result, the product’s use in the construction industry is increasing, driving market demand over the projection period. India is a rapidly developing country. Many infrastructure projects, such as bridges, area development, bridge construction, and industrial area development, are in the works as part of the Indian government’s “Make in India” push.

Because of its strength and longevity, the product would be useful material. Industrial growth is projected to be beneficial to the Indian economy because it will cut construction costs. Because of its strength and lifespan in infrastructure, the product offers a wide range of applications, which would assist the construction industry. The value of the product flooring is increasing over the world due to increased demand. The construction industry would see significant growth as a result. Increasing applications in manufacturing, residential, and commercial structures are likely to propel the construction sector during the forecast period.

The building industry’s expansion has been fueled by rising customer per capita income along with qualities such as simplicity of installation and aesthetics. The growth of the building industry is a major driver of the E-Fiberglass Market. The broad use of this glass in the construction industry has contributed to the product’s expanding popularity. The product is used as a highly efficient insulating material due to its waterproof characteristics. The waterproof capability of this material is efficiently utilized in exterior and roof panel applications.

For transportation purposes, fiberglass composite materials are perfect because they are lightweight, sturdy, and rigid, have great weather resistance, can be molded into any size and shape, and have an excellent cosmetic finish. Because of its low weight, high strength-to-weight ratio, and extended life, it is employed in the vehicle and wind energy industries. The maritime and automotive industries are big users of these fibers because they need impact-resistant and lightweight materials. The automotive industry has been subjected to strict rules in order to reduce carbon dioxide emissions. As a result, the industry has been urged to introduce fuel-efficient lightweight automobiles to help cut greenhouse gas emissions.

Global E-Fiberglass Market Segmentation Analysis

The Global E-Fiberglass Market is segmented on the basis of Product, Application, and Geography.

E-Fiberglass Market, By Product

• Roving Glass Fibers• Chopped Glass Fibers• Yarn Glass Fibers• Others

Based on Product, the market is segmented into Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers, and Others. The E-Fiberglass Market was dominated by Chopped Glass Fibers. Chopped Glass is well-known for being an excellent material for car manufacture and construction reinforcing. Due to the rising acceptance of fiberglass composites in many industries such as automobiles, wind energy, aerospace, and consumer durables, the chopped strand is the fastest-growing fiberglass type segment. The segment in the market is projected to be driven by the rising automotive industry in the Asia Pacific and Europe.

E-Fiberglass Market, By Application

• Construction• Transportation• Industrial• Consumer• Wind Power• Others

Based on Application, the market is segmented into Construction, Transportation, Industrial, Consumer, Wind Power, and Others. During the forecast period, the Construction application is expected to account for the largest share of the E-Fiberglass Market. The majority of these internationally manufactured materials are employed in the building and automobile industries. The expanding construction activity in emerging economies, together with the increased usage of insulation per unit building industry, is likely to be a key driver for market expansion. Moreover, during the projection period, the rising demand for lightweight aircraft and vehicles is expected to boost product demand even more. The growing trend of replacing heavy metal components with lighter-weight fiberglass components in the automotive, aerospace, and marine industries is likely to generate enormous potential prospects for the market.

E-Fiberglass Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global E-Fiberglass Market is classified into North America, Europe, Asia Pacific, and Rest of the world. In the future years, the Asia Pacific is likely to lead the global E-Fiberglass Market. Fiberglass use in the Asia Pacific area is primarily driven by advancements in the building, automotive, and wind energy industries. Because of the development in installed windmill capabilities in China, wind energy is projected to offer profitable opportunities in this industry.

Key Players

The “Global E-Fiberglass Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Owens Corning, Jushi Group, PPG Industries, CPIC, Fiberglass (Sinoma), Advanced Glass fiber Yarns, Binani-3B, Johns Mansville, Nippon Electric Glass, Nittobo, Saint-Gobain Vetrotex, Sichuan Weibo, Jiangsu Jiuding, Lanxess, Changzhou Tianma, and Ahlstrom.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In June 2018, Owens Corning and Chongqing Polycomp International Corp. (CPIC) signed a Strategic Cooperation and Supply Partnership for joint technological investment and CPIC’s development and management of a new facility dedicated to the manufacture of high-modulus glass fiber products in China.

• In March 2020, By purchasing the company’s pledged shares from Bank of Baroda London, UltraTech Cement, a member of the Aditya Birla group, purchased 3B Binani Glassfibre Sarl Luxembourg, a subsidiary of Binani Industries.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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