Press Release

Extensive use in Construction Industry Drives the United States Fiberglass Market

Rising use for manufacturing of wind turbine blades, growing use in construction applications and increasing use as composites in the automotive industry, drives the United States Fiberglass Market through 2023

According to TechSci Research report, United States Fiberglass Market, By Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand and Others), By Glass Fibre Type (E-Glass, A-Glass, S-Glass, AR-Glass, T-Glass, D-Glass and C-Glass), By Resin (Thermoset Resins and Thermoplastic Resins), By Applications (Composites and Glass Wool Insulation), By Company and By Geography, Forecast & Opportunities, 2023’’, United States Fiberglass Market is projected to post double-digit CAGR owing to the growing use of fibreglass in wind turbine installations. Moreover, the increasing use of fibreglass in the construction applications coupled with rising adoption as composites in the automotive industry. Based on the type, the glass wool segment is expected to lead the market in the next five years, due to their use in residential construction for insulation as it enables to maintain a consistent temperature, allows better comfort and air quality, reduces the consumption of energy, protects from fire and makes buildings sound proof.

Moreover, the rising adoption of fibreglass for various industrial purposes as fiberglass has very low electrical conductivity, which prevents loss of electricity and is likely to enable robust growth of the market by 2023. Further, the growing popularity of composites across various end-use industries is expected to propel the demand for Fiberglass Market in the United States by 2023.

Based on the applications, the composites segment is projected to lead the market for the next five years, due to widespread use of composites in wind energy turbines as fibreglass delivers high tensile strength, allows the manufacture of large blades thus enabling high energy output along with providing corrosion resistance.

Owens Corning, PPG Industries Inc., Taishan Fiberglass Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co. Ltd. etc, are major companies operating in the United States Fiberglass Market.

South Region is projected to lead the United States Fiberglass Market by 2023, owing to high population density in the region coupled with increasing adoption of Fiberglass by various end-use industries in the region such as building and construction, infrastructure, interior etc as fibreglass delivers high tensile strength and corrosion and chemical resistance which allows its use across various industries.

“The increasing need for lightweight materials in cars as fibreglass is much lighter than metal and provides high tensile strength is likely to drive the growth of fibreglass market during the forecast period. Moreover, the rising use of E-glass for military applications is expected to drive the Fiberglass Market through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based United States management consulting firm.

United States Fiber glass Market, By Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand and Others), By Glass Fibre Type (E-Glass, A-Glass, S-Glass, AR-Glass, T-Glass, D-Glass and C-Glass), By Resin (Thermoset Resins and Thermoplastic Resins), By Applications (Composites and Glass Wool Insulation), By Company and By Geography, Forecast & Opportunities, 2023 has evaluated the future growth potential of United States Fiberglass Market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in United States Fiberglass.

 

 

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