Fiberglass Market | Key players: China Jushi Co. Ltd, Owens Corning, PPG Industries, Inc., Taishan Fiberglass Inc., Chongqing Polycomp International Corp., Nippon Electric Glass Co., Ltd., Binani 3B-The Fibreglass Company, and Johns Manville Corp.

According to recent research "Fiberglass Market by Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Glass Wool Insulation), and Region (Asia Pacific, Europe, North America, Middle East and Africa) - Global Forecast to 2022", published by MarketsandMarkets™, The fiberglass market was estimated at USD 13.95 Billion in 2017 and is projected to reach USD 18.75 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022.

Browse 244 Market Data Tables and 49 Figures spread through 241 Pages and in-depth TOC on "Fiberglass Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/fiberglass-market-6124844.html

Early buyers will receive 10% customization on this report.

Fiberglass is a strong lightweight material and is used for the manufacture of various products. Although it is not as strong and stiff as composites based on carbon fiber, it is less brittle, and its raw materials are cheaper. Its bulk strength and weight are also better than various metals, and it can be readily molded into complex shapes. Various types of glass fibers such as E-glass and S-glass are used to manufacture fiberglass. All these glasses contain silica or silicate, with varying quantities of oxides of calcium, magnesium, and sometimes boron.

Applications of fiberglass include aircraft, boats, automobiles, bath tubs and enclosures, swimming pools, hot tubs, septic tanks, water tanks, roofing, pipes, cladding, casts, surfboards, and external door skins. The fiberglass market was estimated at USD 13.95 billion in 2017 and is projected to reach USD 18.75 billion by 2022, at a CAGR of 6.1% between 2017 and 2022.

Get FREE 10% Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=6124844

Fiberglass is used in several applications such as construction & infrastructure, automotive, wind energy, electronics, residential insulation, and non-residential insulation, among others. It is increasingly replacing metals and plastics in applications where resistance to high temperatures and harsh chemical conditions is required, owing to its superior mechanical properties and high mechanical strength. China Jushi Co., Ltd (China), Owens Corning (US), PPG Industries, Inc. (US), Taishan Fiberglass Inc. (China), Chongqing Polycomp International Corp. (China), Nippon Electric Glass Co., Ltd. (Japan), Binani 3B-The Fibreglass Company (India), and Johns Manville Corp. (US) are some of the leading players in this market.

The key players in the fiberglass market are focusing on new product launches and expansions to cater demands across various applications. Owens Corning (US) and PPG Industries, Inc. (US) have undertaken the highest number of strategies in the global fiberglass market in recent years.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=6124844

Owens Corning is a leading player in the roofing, glass fiber insulation, and fiber reinforcement businesses. The company is a major producer of glass fiber reinforcements; commercial and residential building materials; and composite systems. In March, 2015, Owens Corning launched a new product, HydroStrand 258 glass-fiber chopped strands for polyamide resins. Applications of the new product include oil and fluid pump housings, oil pans, and powertrain parts. In October, 2014, the Jushi Group developed the E7 glass fiber which is a high strength and high modulus glass fiber that is environment friendly and incurs a lower cost of production. Its applications are in the manufacture of pressure vessels and large megawatt wind blades. This development is expected to help the company enhance its product portfolio. In September, 2016, PPG Industries, Inc. introduced a new product, INNOFIBER TS 2402 roving. The product is made without the use of boron, which increases the glass softening point and meets the stringent performance specifications required by leading global automakers.

China Jushi Co Ltd produces fiberglass and construction plastic floorboards. The company produces E-glass and C-glass fiberglass products and a range of reinforcement fiberglass products, which include rovings, chopped strands, stitched combo mats & chopped strand mats, powder & emulsion chopped strand mats, woven rovings, and electrical yarn & fabrics in over 100 product categories and over 1,000 specifications. In June, 2014, Jushi Egypt established a fiberglass production line in the Egypt Suez Economic & Trade Cooperation Zone. In June, 2016, Owens Corning invested in a new advanced manufacturing facility in Gastonia, North Carolina, US. This investment supported the company’s participation in the growth of the non-woven glass fiber market, particularly in the North American construction segment. In January, 2017 Taishan Fiberglass Inc. announced an investment of USD 250 million to establish a green-field fiber manufacturing plant in Gujarat State, India.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.