Shibuya-ku, Tokyo, Japan, Japan, Sep 02, 2021, 04:39 /Comserve / -- The fiberglass market is projected to grow at a CAGR of 7.0% from 2019 to 2024, in terms of value. The fiberglass market is projected to grow from USD 17.1 billion in 2019 to USD 23.9 billion by 2024, at a CAGR of 7.0% from 2019 to 2024.
COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.
The fiberglass market is projected to grow at a CAGR of 7.0% from 2019 to 2024, in terms of value. The fiberglass market is projected to grow from USD 17.1 billion in 2019 to USD 23.9 billion by 2024, at a CAGR of 7.0% from 2019 to 2024. The growth of the construction industry is driving the fiberglass market.
“The glass wool fiberglass segment is projected to lead the fiberglass market in terms of both value and volume from 2019 to 2024. Based on product type, the glass wool fiberglass segment accounted for the largest share of the fiberglass market in 2018. This segment is projected to lead the market in terms of both value and volume during the forecast period. The growth of this segment can be attributed to increased usage in the construction & infrastructure end-use.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Fiberglass Market Insights by Latest Trends, Future Scope of Key Players, CAGR Status, and SWOT Analysis Insights by Regions - Global Forecast to 2024
“The composites application segment is projected to lead the fiberglass market in terms of both, value and volume during the forecast period. Based on application, the composites application segment led the fiberglass market in 2018 in terms of both value and volume. The high growth of the construction and automotive industries in Asia Pacific and North America is driving this segment.
“The E-glass segment is projected to lead the fiberglass market in terms of both value and volume from 2019 to 2024. Based on glass type, the E-glass segment accounted for the largest share of the fiberglass market in 2018. This segment is projected to lead the market in terms of both value and volume during the forecast period. The growth of this segment can be attributed to its wide-ranging applications and corrosion-resistance and lightweight properties.
Based on resin type, the thermoset resins segment led the fiberglass market in 2018 in terms of both value and volume. Properties such as excellent resistance to solvents, abrasives, high temperature, and heat, flexibility, excellent adhesion, and high strength, as well as the availability of thermoset resins in various types make it preferable for use across applications.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-62090
The Final Report will cover the impact analysis of COVID-19 on this industry: Fiberglass Market Insights by Latest Trends, Future Scope of Key Players, CAGR Status, and SWOT Analysis Insights by Regions - Global Forecast to 2024
“Asia Pacific is projected to lead the fiberglass market during the forecast period, in terms of both, value and volume.”
The Asia Pacific region is projected to lead the fiberglass market from 2019 to 2024 in terms of both, value and volume. The demand for fiberglass is increasing in Asia Pacific, owing to the growth of construction and automotive industries in the region.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
• By Designation: C-level Executives – 33%, Directors – 33%, and Managers – 34%
• By Region: Asia Pacific – 20%, Europe – 25%, North America – 25%, the Middle East & Africa- 20%, and South America – 10%
Research Coverage:
The report defines, segments, and projects the size of the fiberglass market based on glass type, resin type, product type, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as expansions, new product launches, agreements, acquisitions, investments, new product developments, and partnerships undertaken by them in the market.
TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.3 SCOPE OF THE STUDY 24
1.3.1 REGIONAL SCOPE 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 25
1.4 CURRENCY CONSIDERED 25
1.4.1 PACKAGE SIZE 25
1.5 STAKEHOLDERS 25
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