Fiberglass Market

Owens Corning (US) and China Jushi Co., Ltd (China) are the Leading Player in the Fiberglass Market

The fiberglass market was estimated at USD 13.95 Billion in 2017 and is projected to reach USD 18.75 Billion by 2022, at a CAGR of 6.1% between 2017 and 2022. Fiberglass is used in several applications such as construction & infrastructure, automotive, wind energy, electronics, residential insulation, and non-residential insulation, among others. It is increasingly replacing metals and plastics in applications where resistance to high temperatures and harsh chemical conditions is required, owing to its superior mechanical properties and high mechanical strength. China Jushi Co., Ltd (China), Owens Corning (US), PPG Industries, Inc. (US), Taishan Fiberglass Inc. (China), Chongqing Polycomp International Corp. (China), Nippon Electric Glass Co., Ltd. (Japan), Binani 3B-The Fibreglass Company (India), and Johns Manville Corp. (US) are some of the leading players in this market.

The key players in the fiberglass market are focusing on new product launches and expansions to cater demands across various applications. Owens Corning (US) and PPG Industries, Inc. (US) have undertaken the highest number of strategies in the global fiberglass market in recent years.

Owens Corning is a leading player in the roofing, glass fiber insulation, and fiber reinforcement businesses. The company is a major producer of glass fiber reinforcements; commercial and residential building materials; and composite systems. In March, 2015, Owens Corning launched a new product, HydroStrand 258 glass-fiber chopped strands for polyamide resins. Applications of the new product include oil and fluid pump housings, oil pans, and powertrain parts. In October, 2014, the Jushi Group developed the E7 glass fiber which is a high strength and high modulus glass fiber that is environment friendly and incurs a lower cost of production. Its applications are in the manufacture of pressure vessels and large megawatt wind blades. This development is expected to help the company enhance its product portfolio. In September, 2016, PPG Industries, Inc. introduced a new product, INNOFIBER TS 2402 roving. The product is made without the use of boron, which increases the glass softening point and meets the stringent performance specifications required by leading global automakers.

China Jushi Co Ltd produces fiberglass and construction plastic floorboards. The company produces E-glass and C-glass fiberglass products and a range of reinforcement fiberglass products, which include rovings, chopped strands, stitched combo mats & chopped strand mats, powder & emulsion chopped strand mats, woven rovings, and electrical yarn & fabrics in over 100 product categories and over 1,000 specifications. In June, 2014, Jushi Egypt established a fiberglass production line in the Egypt Suez Economic & Trade Cooperation Zone. In June, 2016, Owens Corning invested in a new advanced manufacturing facility in Gastonia, North Carolina, US. This investment supported the company’s participation in the growth of the non-woven glass fiber market, particularly in the North American construction segment. In January, 2017 Taishan Fiberglass Inc. announced an investment of USD 250 million to establish a green-field fiber manufacturing plant in Gujarat State, India.

Related Reports:

Fiberglass Market by Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Glass Wool Insulation), and Region (Asia Pacific, Europe, North America, Middle East and Africa) - Global Forecast to 2022

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Report Code
CH 3670
RI Published ON
4/12/2017
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