Fiberglass Market Overview:
Fibreglass products for use in the latest weaponry systems. Fibreglass materials are being widely used in the defence manufacturing industry to cut down the use of structures made from metals and improve the manoeuvrability of aircraft, agility of the fired missile besides reducing their body weight. The wings for the aircraft are totally being made from fibreglass structures. And further researches are transpired for having the entire fuselage made from them. Once this is achieved this, defence sectors would turn its focus further in manufacturing of the secondary (internal) structures in the aircrafts.
Additionally, fiberglass applications in insulation are providing a considerable impetus to the market growth. Besides, the impressive growth in construction activities globally is influencing the growth of the market, creating a substantial demand for higher thermal efficiency, lightweight, strength, durability, and eco-friendly insulation products. Spreading awareness towards energy-saving properties of fiberglass is also driving the market demand notably.
Conversely, increasing numbers of environment & health concerns alongside, fluctuating prices and the demand-supply gap in raw materials required to produce fiberglass are acting as a key headwind, impeding the market growth. Nevertheless, huge spending in the defence sector for fiberglass products to be used in the latest armaments and weaponry systems would support the growth of the market throughout the review period.
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Fiberglass Industry Updates:
Aug 2018 Jushi which is China's massive fiberglass corporation has recently announced the completion of the production base of 200,000 tons of fiberglass by its branch in Egypt's Ain Sokhna district.
Fiberglass Market Key Players:
Major players having presence in the global fiberglass market include Jushi Group Co. Ltd (China), AGY Holding Corp. (U.S.), Saint-Gobain Vetrotex (Europe), PPG Industries Inc. (US), Owens Corning (US), Taiwan Glass Industry Corporation (Taiwan), Taishan Fiberglass Inc (China), PFG FIBER GLASS CORPORATION (Taiwan), Fiber Glass Industries Inc (US), W. L. Gore & Associates, Inc (US), and Others.
Fiberglass Market Segmentation:
The global fiberglass market has been segmented into types, application, and end use industries. On the basis of types, the market has been divided into A-glass, C-glass, D-glass, E-glass, R-glass, S-glass, and others (AR-glass, ECR-glass, etc.). Among all these types A- glass, D-glass, E-glass, ECR-glass especially used in electrical industry. A- glass or alkali glass made with soda lime silicate which is the dominate glass used for containers and windowpanes. D-glass offers a low dielectric constant which is made by borosilicates.
Whereas, E- glass with higher acid corrosion resistance made with calcium aluminosilicates, is used industrial applications on the requirement of electrical conductivity, strength, and acid corrosion resistance. On the other hand, R-glass reinforcement glass fiber made by calcium aluminosilicates and used when higher strength and acid corrosion resistance is required. S glass fiberglass which is a high strength glass made from magnesium aluminosilicates and applicable when high temperature resistance, high stiffness, high strength, and corrosive resistance is required.
Fiberglass Market Regional Analysis:
Presently, Asia Pacific region is the major market of fiberglass due to demand in various applications such as automotive and electrical industry especially in China, India followed by Japan. Whereas, increasing demand in construction industry in developing countries such as India, Indonesia, and Thailand made Asia Pacific largest consumer of the global fiberglass market followed by increasing in the consumption of Fiberglass market in North America region.
Furthermore, Europe region hold third position for the global fiberglass market due to large consumption in pharmaceutical, construction, and electrical industry. In addition, Latin America and Middle East also witnessed in growth of fiberglass market due to various end user industry such as aerospace, automotive, construction, electrical, pharmaceutical, industrial, and others.
Fiberglass Market Table Of Contents to be Continue…...,
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