As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Increasing use of fiberglass in making wind turbine blades is expected to drive the growth of United States fiberglass market.

United States fiberglass market is expected to grow at a steady rate during the forecast period. The United States fiberglass market is driven by the extensive use of fiberglass in making automobile and aircraft body parts. This can be ascribed to light weight, high strength to weight ratio and compressive strength of fiberglass. Additionally, the extensive use of fiberglass in oil & gas and water & wastewater industry for making pipes, panels, tanks, among others is further expected to propel the market growth through 2025. Furthermore, widespread use of fiberglass for providing insulation has increased their use in building insulation and for construction purposes. This in turn is expected to foster the market growth during the forecast period. However, high cost of fiberglass and fluctuating prices of raw material can further restrict the market growth over the next few years. Besides, the sudden outbreak and spread of pandemic COVID-19 has led to lockdown and stop of trade with China. This in turn has led to the shortage of raw materials thereby slowing down the market growth. Also, the availability of substitutes can further impede the market growth.

The United States fiberglass market is segmented based on type, glass fiber type, resin, application, end user industry, company and region. Based on type, the market can be categorized into glass wool, direct & assembled roving, yarn, chopped strand and others. The chopped strand segment is expected to witness significant growth in the market owing to the growing adoption of chopped strands in various end user industries such as automotive, building & construction, aerospace, consumer electronics, among others. Based on glass fiber type, the market can be fragmented into E-Glass, A-Glass, S-Glass, AR-Glass, C- Glass, R-Glass and Others. S-Glass segment is expected to dominate the market owing to its high strength as a result of which it is being used for manufacturing of parts such as decks, body panels, battery boxes, panel & wheelhouse assemblies, among others in the automotive industry. While, E-glass is expected to witness significant growth on account of their use in building & construction industry for insulation purposes.

 

The major players operating in the fiberglass market are Owens Corning, Johns Manville Corp., Saint-Gobain, CertainTeed Corporation, AGY Holding Corp., PPG Industries, Inc., Jushi Group Co, Ltd., Knauf Insulation, American Fiberglass Corporation, Quietflex Manufacturing Company L.P. and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

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Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of United States fiberglass market from 2015 to 2018.
  • To estimate and forecast the market size of United States fiberglass market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast United States fiberglass market based on type, glass fiber type, resin, application, end user industry, company and regional distribution.
  • To identify dominant region or segment in the United States fiberglass market.
  • To identify drivers and challenges for United States fiberglass market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States fiberglass market.
  • To identify and analyze the profile of leading players operating in United States fiberglass market.
  • To identify key sustainable strategies adopted by market players in United States fiberglass market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of United States fiberglass market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Fiberglass manufacturers/ suppliers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to fiberglass

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States fiberglass market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Fiberglass Market, By Type:
    • Glass Wool
    • Direct & Assembled Roving
    • Yarn
    • Chopped Strand
    • Others
  • United States Fiberglass Market, By Glass Fiber Type:
    • E-Glass
    • A-Glass
    • S-Glass
    • AR-Glass
    • C- Glass
    • R-Glass
    • Others
  • United States Fiberglass Market, By Resin:
    • Thermoset Resins
    • Thermoplastic Resins
  • United States Fiberglass Market, By Application:
    • Composites
    • Glass Wool Insulation
  • United States Fiberglass Market, By End User Industry:
    • Construction & Infrastructure
    • Automotive
    • Wind Energy
    • Electronics
    • Aerospace & Defense
    • Others
  • United States Fiberglass Market, By Region:
    • North-East
    • Mid-West
    • South
    • West

 

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