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Global Fiberglass Market worth $14.27 billion by 2019

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"According to the New Market Research, “Global Fiberglass Market by Application (Composites, Insulations and Others), by Type (Roving and Yarns) & by Geography (Asia-Pacific, North America, Europe and Rest of the World) - Analysis and Forecast (2014-2019)” is estimated to grow to $14.27 billion by 2019, at a CAGR of 9.0% during 2014 to 2019"

                                                 
Browse through the TOC of “Global Fiberglass Market Research Report” for an analysis of industry trends and segments, with the help of various tables and figures.
Fiberglass is derived from pouring molten glass through superfine holes. It is considered to be a type of fiber-reinforced plastic, wherein the reinforced fiber is specifically glass fiber. Fiberglass is a strong, lightweight material that is majorly utilized to develop varied products. The global fiberglass market is experiencing a strong growth due to its increasing applicability in composites and insulations. Composites are the largest end-user application for fiberglass.
The bulk strength and weight of fiberglass are also better than other metals, and it can be molded into complex shapes much easily. Applications of fiberglass are into composites including aircraft, boats, automobiles, bath tubs and enclosures, and insulation. The global market of fiberglass is dominated by the Asia-Pacific region, followed by North America and Europe, both in terms of value and volume. China is the biggest manufacturer of fiberglass in the world. Though, the growth in China fiberglass industry had slowed down in the past few years, globally the market demand has been stable. During the first decade of the twenty first century, the global market of fiberglass was in glut of production capacity but recently the overall demand has increased, optimizing the oversupplies in this market.
The demand for composites and insulations are experiencing high growth, due to an increase in the number of manufacturers and the rapid expansion of the fiberglass industry. The future growth of the industry would be augmented by investments made in the composites segment, especially in regions such as Asia-Pacific, North America, and Europe. In Asia-Pacific and North America, increase in population has directly impacted the overall demand for automobiles and general engineering industries. As fiberglass forms an essential material required to produce race car body and fiberglass seats for CART racing, its increasing applicability in the automobile sector has resulted in the growth of the global fiberglass market.
The report covers the global fiberglass market that is segmented on the basis of application and geography. Some of the major companies operating in the fiberglass market are Owens Corning (U.S.), China Fiberglass Company (Jushi Group) (China), AGY Holding Corp. (U.S.), Saint-Gobain Vetrotex (France), and PPG Industries Inc. (U.S.) among others.
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