Global Fiberglass Filled PET Resins Market Size By Application (Bottles, Films and Sheets), By End Use (Food and Beverages, Personal Care & Cosmetics), By Geographic Scope And Forecast

Fiberglass Filled PET Resin Market Size And Forecast

Fiberglass Filled PET Resins Market size has been increasing at a moderate rate with significant growth rates over the past few years, and it is expected to rise considerably in the anticipated period, i.e. 2022 to 2030.

Fibreglass PET resin is manufactured using a thermoplastic polymer resin of polyester family which is semi-crystalline and durable in nature. These composites made from glass fibres and resin matrix are strong, lightweight, corrosion-resistant, and dimensionally stable. They also offer great dielectric strength and design flexibility, as well as cheaper tooling costs. The Global Fiberglass Filled PET Resin Market is forecasted to expand due to the increased demand for glass in the glass industry. The Global Fiberglass Filled PET Resins 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 Fiberglass Filled PET Resins Market Definition

Polyester resin is considered a synthetic resin and can have many different properties, depending on the application and types of filling agents. However, one of the more common properties is its ability to bond with glass fibers, as the polyester resin has a high saturation effect. Once a piece has fully cured, it becomes water and weather-resistant and can also resist aqueous salt solutions and weaker non-oxidizing acids.

Fiberglass is a reinforced plastic material composed of glass fibers embedded in a resin matrix. It is a type of fiber-reinforced plastic. This means it is a composite material that is composed of a polymer material embedded with fibers.

Global Fiberglass Filled PET Resins Market Overview

The Global Fiberglass Filled PET Resin Market is forecasted to expand due to the increased demand for glass in the glass industry. Also, the increased consumption of glass in various end-use industries in food & beverages, personal care & cosmetics, etc. is expected to boost the Fiberglass Filled PET Resins Market.

The process of making fiberglass PET resin is very tedious, and requires a lot of manual and automatic work, therefore, leading to an increase in the cost of the resin, which is anticipated to restrict the market growth.

Global Fiberglass Filled PET Resins MarketSegmentation Analysis

The Global Fiberglass Filled PET Resins Market is classified based on Application, End Use, and Geography.

Fiberglass Filled PET Resins Market, By Application

• Bottles• Films and Sheets• Others

Based on Application, Global Fiberglass Filled PET Resins Market is segmented into Bottles, Films and Sheets, and Others. Bottles segment is expected to rise the most during the forecasted period owing to its increased consumption in various end-use industries and its sustainability characteristic.

Fiberglass Filled PET Resins Market, By End Use

• Food and Beverages• Personal Care & Cosmetics• Other Industries

Based on End Use, the Global Fiberglass Filled PET Resins Market is segmented into three typesFood and Beverages, Personal Care & Cosmetics, and Other Industries. The food and beverages industry is projected to dominate owing to the enhanced use of the fiberglass resin in the packaging of liquid products or beverages.

Fiberglass Filled PET Resins Market, By Geography

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

Based on Geography, the Global Fiberglass Filled PET Resins Market is classified into four regionsNorth America, Europe, Asia Pacific, and the Rest of the World. The Fiberglass PET Resin market in North America is expected to increase the most during the forecasted period owing to an increased demand for glass-based products such as bottles in various end-use applications.

Key Players

The major key players in the market are AGY Holding Corp, Asahi, Fiberglass Co Ltd, BASF Petra, Celanese, CertainTeed Corporation, DuPont Crastin, DuPont Rynite, Knauf Insulation, PFG Fiber Glass Co Ltd., Sabic Valox, Saint-Gobain ADFORS and Saint-Gobain Verotex. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2021, DuPont completes the acquisition of laird performance materials. DuPont announced that it has completed the acquisition of laird performance materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.

• In October 2021, Azelis and BASF expand their partnership with a new resins distribution agreement in Vietnam for the industrial & automotive coatings and printing & packaging industry.

• In June 2021, Diab Group acquires the ULTEM foam-production line from SABIC. Diab will incorporate the ULTEM resin-based foam into its current portfolio under the name Divinycell U. Diab will further the development of ULTEM resin-based foam with support from SABIC.

• In June 2021, Celanese Corporation, a global chemical and speciality materials company, announced the signing of a definitive agreement to acquire the Santoprene TPV elastomers business of Exxon Mobil Corporation.

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• 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 from 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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