Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Fiberglass Market". This report
likewise incorporates more illumination about fundamental review of
the business including definitions, requisitions and worldwide
business sector industry structure.
Fiberglass,
which is also known as glass reinforced plastics, is manufactured by
reinforcing the plastic matrix using fine fibers of glass. Fiberglass
being light weight, robust material and extremely strong are used
extensively for manufacturing a wide range of products. The raw
material required to manufacture fiber glass is easily available at
low cost, thus, making it favorable than carbon fibers for various
applications. Moreover, fiberglass being less brittle, has good bulk
strength and weight properties which helps it to easily replace
metals used in manufacturing several products such as septic tanks,
roofing, pipes, high performance aircraft, automobiles, external door
skins and water tanks among others.
Fiberglass
finds major applications such as construction, automobiles,
infrastructure, consumer goods and other transportation sectors among
others. The growing construction and automobile industry are expected
to be the key driver for the growth of fiberglass market. The growing
demand for light weight and fuel efficient vehicle is expected to
boost the demand of these materials in automobile industry. The
increasing demand for fiberglass in China is expected to play a
crucial role in augmenting the overall growth of the market. Rapid
growth in demand for fiber glass in China is mainly due to the
growing construction, wing energy sector and electrical goods
industry. Asia Pacific is expected to be the leading manufacturer as
well as consumer of the fiberglass market over the next few years.
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The
global fiberglass market is intensively competitive with the existing
major players competing majorly on the basis of quality, scale of
operations, technology, price and innovation among others. The
overall fiberglass market is highly concentrated owing to the
presence of few large players in the market which account for major
share in the market due to their huge production capacities. Chinese
players are expected to dominate the global manufacturing of
fiberglass market. Owens Corning Corporation, Fiber Glass Industries
Inc., Jushi Group Co. Ltd., China National Materials Group Corp. and
Guardian Global are the key players of fiberglass market.
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