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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