Fiberglass Market Size to Reach USD 15.79 Billion by 2027 | Increasing Utilization of Fiberglass in Infrastructure and Construction Industries is Driving Industry Growth, According to Emergen Research

Fiberglass Market Size to Reach USD 15.79 Billion by 2027 | Increasing Utilization of Fiberglass in Infrastructure and Construction Industries is Driving Industry Growth, According to Emergen Research

PR Newswire

Vancouver, BC, Jan. 12, 2022

Vancouver, BC, Jan. 12, 2022 /PRNewswire/ -- The fiberglass market size was USD 11.25 Billion in 2019 and is expected to be valued at USD 15.79 Billion in 2027. This growth of the fiberglass market can be attributed to light weight and high strength properties of fiberglass, which have increased use of fiberglass in the manufacture of automobile parts, which has driven the fiberglass market during the forecast period. The excellent properties of fiberglass, such as robust chemical, heat, and corrosion resistance, non-conductive nature, and anti-slip properties, make it a highly viable raw material for the manufacture of pulp and bleach.

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Widespread use of fiberglass composites across various other industries, including chemical, oil & gas, petrochemical, pulp & paper, mining, waste & wastewater treatment, food processing, and metal processing industries, is an indispensable factor contributing to the global market growth. Fiberglass finds profound usage in the production of wind turbine blades and various other structural components. Hence, the surging adoption of renewable energy resources and increasing wind turbine installations worldwide are pushing the growth of the global fiberglass market.

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Emergen Research has segmented the global fiberglass market on the basis of type, application, end-use, and region:

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a.  U.S.
b.  Canada

a.  Germany
b.  U.K.
c.  France
d.  BENELUX
e.  Rest of Europe

a.  China
b.  Japan
c.  South Korea
d.  Rest of APAC

a.  Brazil
b.  Rest of LATAM

a.  Saudi Arabia
b.  UAE
c.  Rest of MEA

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