United States Fiberglass Market to Grow at a CAGR of 4.85 % until 2026
Growing construction
& infrastructure Industry is expected to drive the growth of the United
States Fiberglass Market.
According to
TechSci Research report, “United
States Fiberglass Market, By Type (Glass Wool,
Direct & Assembled Roving, Chopped Strand, Yarn and Others), By Glass Fiber
Type (E
Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others), By Resin (Thermoset
Resins and Thermoplastic Resins), By Application (Composites and Glass Wool
Insulation), By End User Industry (Construction & Infrastructure,
Automotive, Wind Energy, Electronics, Aerospace & Defense, Others), By Top
10 States, Competition, Forecast & Opportunities, 2016-2026F”, the United States
Fiberglass Market is forecast to grow at a rate of 4.85% to reach USD3105.63 million
by 2026. Growth in the market can be attributed to the growing construction
& infrastructure industry. The United States
Fiberglass Market has been primarily influenced by increasing
expenditure on interior decoration, rising renovation activities and frequent
changes in fiberglass fabric to complement the decor. The rising automotive
industry is also accelerating the demand for fiberglass across the United
States as it is used in manufacturing of light-weight vehicles due to its
higher strength-to-weight ratio. All these factors have resulted in a positive
impact on the United States Fiberglass Market.
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The United States Fiberglass Market is
segmented based on type, glass fiber type, resin, application, and end user
industry, by top 10 states, by company. In terms of the type, the market can be
segregated into Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn
and Others. Out of these, the glass wool segment registered a dominant market
share in 2020. The increasing use of glass wool in thermal and electrical
insulation applications in the building and infrastructure sector will drive
the sales of glass wool in the forecast period. Another usage of glass wool is in
the attic of the building to maintain the temperature inside the building. This
is further anticipated to boost the market of glass wool in the United States
Fiberglass Market.
Based on Glass Fiber Type, the market is
segmented into E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others. The
E Glass segment dominated the United States Fiberglass Market in 2020 as products
made of E-Glass are particularly resistant to abrasion and vibration and have
excellent flexibility. Moreover, E-glass fiber is widely used in aerospace
applications pertaining to its dimensional stability and temperature resistance.
In terms of application,
the market is segmented into Composites
and Glass Wool Insulation. Composites dominated the United States Fiberglass
Market in 2020 owing to the growing use of composites in a wide array of
end-use industries. Fiberglass
composites are extensively used as a substitute for aluminum and steel in the
manufacturing of lightweight vehicles in the automotive industry, which is
expected to further improve its sale across the United States.
Owens Corning, Johns
Manville Corporation, Saint Gobain North America, CertainTeed Corporation, AGY
Holding Corp., PPG Industries, Inc., Jushi USA Corporation, Knauf Insulation, American
Fiberglass Corporation, Quietflex Manufacturing Co., L.P. etc. are among the
leading players operating in the United States Fiberglass Market. Companies
operating in the market are using organic strategies, partnerships and
collaborations to boost their shares in the United States Fiberglass Market. Significant
players in the market are concentrating on accomplishing ideal operational
expenses, upgrading the system efficiency, enhancing precision in responses,
boosting productivity with high funding in R&D, and merging with small
players to support the competitive United States Fiberglass Market.
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“The desirable
characteristics of fiberglass such as water proofing, corrosion resistance,
non-conductivity and radio frequency transparency are expected to create
profitable opportunities for the growth of the United
States Fiberglass Market. Moreover, the use of fiberglass contributes to
green design of a building as its use in HVAC systems helps in the reduction of
air conditioning and heating costs. Also, they are recyclable and cause less
damage to the environment. Therefore, the increasing infrastructure and
development activities are expected to boost the growth of the United States
Fiberglass Market.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“United States Fiberglass Market,
By Type (Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and
Others), By Glass Fiber Type (E Glass, S Glass, C Glass, A Glass, R Glass, AR
Glass, Others), By Resin (Thermoset Resins and Thermoplastic Resins), By Application
(Composites and Glass Wool Insulation), By End User Industry (Construction
& Infrastructure, Automotive, Wind Energy, Electronics, Aerospace &
Defense, Others), By Top 10 States, Competition, Forecast & Opportunities,
2016-2026F” has evaluated the future
growth potential of Fiber Glass in the United
States Market and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in United States
Fiberglass Market.”
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