Global Fibreglass Board Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The fibreglass board market has been experiencing significant growth, driven by its increasing demand across various industries, including construction, automotive, and aerospace. This lightweight, durable material has become a preferred choice for creating strong and sustainable structures. Fibreglass boards offer excellent strength-to-weight ratios, resistance to corrosion, and thermal insulation properties, making them versatile for a wide range of applications.
In the construction industry, fibreglass boards are often used for insulation, cladding, and roofing. Their ability to resist harsh weather conditions and maintain structural integrity over time makes them ideal for commercial and residential buildings. Additionally, their fire-resistant properties are a key factor in ensuring safety in construction projects.
The automotive industry is also a major consumer of fibreglass boards, utilizing them for components such as body panels, dashboards, and insulation materials. With the automotive sector focusing more on lightweight materials to improve fuel efficiency, fibreglass boards are increasingly seen as a go-to material for reducing vehicle weight without compromising on strength or performance.
Aerospace companies have long relied on fibreglass boards for various components due to their high strength and lightweight properties. From aircraft fuselages to internal structures, fibreglass boards help reduce overall weight while ensuring safety and durability during flight. Their resistance to extreme temperatures is another reason why they are favored in the aerospace sector.
As the global demand for eco-friendly and cost-effective materials grows, the fibreglass board market is expected to continue expanding. Innovations in production techniques are driving down costs, while new applications in emerging markets, such as renewable energy and transportation, are opening new avenues for growth.
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Knauf
Owens Corning
Saint-Gobain
Johns Manville
Huamei Energy-saving Technology
Shenzhou Energy Saving Technology
KCC Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fibreglass Board Market
Residential
Commercial
Others
Based on Types the Market is categorized into Below types that held the largest Fibreglass Board market share In 2023.
Thickness: Below 80 mm
Thickness: 80-150 mm
Thickness: Above 150 mm
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fibreglass Board Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fibreglass Board Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fibreglass Board Market, By Type
6. Global Fibreglass Board Market, By Application
7. Global Fibreglass Board Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fibreglass Board Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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