The Fiberglass Building Products market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Fiberglass materials are used in building products, including in mesh products, these are used for façade reinforcement and to prevent cracks on walls. Mesh fabric is a major component of insulation systems. In walls and ceiling, fiberglass is used for decorations and renovations. It is also used for protection from fire. In drywall tapes, these materials are used to increase the strength of joints and as repair solutions.
The fiberglass building products market will be dominated by the non-residential segment during the next four years and this mainly due to the rapid expansion by automotive manufacturers. Factors such as the significant increase in the number of office buildings and other constructions such as café, hospitals, theme parks, shopping malls, and retails stores will also fuel the growth of this segment in the fiberglass building products market. Additionally, the growing demand from the entertainment, education, and healthcare sectors in the developing economies such as China, India, Indonesia, and Brazil, will promote the growth of this market segment.
Owing to an increase in construction projects in emerging economies such as China, India, and Indonesia, APAC accounted for the major share of the fiberglass building products market. The rapidly growing urban population in China that contributes to the demand for several public infrastructure and housing units and the frequent changes in government policies that will drive investments in the construction industry in this region, will also enhance the growth of the market in APAC over the next few years.
s the report focuses on global Fiberglass Building Products market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Braj Binani Group
China Beihai Fiberglass
Johns Manville
Jushi Group
Phifer
PPG Industries
Saint-Gobain
Chongqing Polycomp International
Enduro
KCC Fiberglass
Knauf Insulation
Taishan Fiberglass
Market Segment by Product Type:
CFRP
GFRP
Other
Market Segment by Application:
Residential
Non-residential
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Fiberglass Building Products market for the forecast period 2020 - 2025?
• What are the driving forces in the Fiberglass Building Products market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Fiberglass Building Products industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?