Precision Business Insights has published a report on the global fiberglass market, estimating its value at USD 12.09 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/fiberglass-market

The fiberglass market includes the manufacturing, distribution, and application of glass fibers, which are tiny strands of glass that are woven into fabrics or molded into shapes. These materials are commonly utilized in insulation, composites, and structural components due to their high tensile strength, corrosion resistance, and light weight.

Drivers:

• Growth of Renewable Energy
• Rising Demand for Lightweight Materials

The global fiberglass market segmentation:

1) By Product Type: Assembled Roving, Direct Roving, Yarn, Chopped Strand, Others

2) By Resin Type: Thermoset Resins, Thermoplastic Resins

3) By Application: Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace, others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the fiberglass market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the fiberglass market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Owens Corning, Saint-Gobain Vetrotex, Johns Manville Corp., Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd, PFG Fiber Glass Corporation, Knauf Insulation, Glasstex Fiberglass Materials Corp., Jushi Group Co., Ltd, PPG Industries, Inc.

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