South Korea Fiberglass Shingles Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea Fiberglass Roving Market is experiencing substantial growth as various industries increasingly turn to fiberglass for its exceptional properties. Fiberglass rovings are primarily used for reinforcement in composites, offering a combination of high strength, light weight, and resistance to environmental factors. This makes it an essential material in numerous applications across industries such as automotive, construction, marine, and electrical equipment manufacturing.
In the automotive industry, fiberglass rovings are widely adopted for manufacturing lightweight, durable components such as body panels, bumpers, and underbody parts. With the increasing demand for fuel-efficient and eco-friendly vehicles, manufacturers in South Korea are utilizing fiberglass rovings to reduce vehicle weight without compromising strength. This trend aligns with the global push towards electric vehicles (EVs) and sustainable transportation solutions.
The construction industry in South Korea is also a significant contributor to the demand for fiberglass rovings. In applications like reinforced concrete, roofing materials, and insulation, fiberglass rovings provide superior strength and durability, ensuring long-lasting structures. Moreover, they help improve the seismic resistance of buildings, which is crucial in earthquake-prone regions of South Korea. The growing focus on modern construction techniques and green buildings further boosts the demand for fiberglass rovings.
Fiberglass rovings are equally important in the marine industry, where they are used in the production of lightweight, corrosion-resistant boat hulls and other marine structures. Their ability to withstand harsh marine environments while maintaining structural integrity makes them a preferred material in boat and ship manufacturing.
The electrical and electronics sector is another major consumer of fiberglass rovings in South Korea. Fiberglass is used in the production of high-performance insulators, circuit boards, and other electrical components, owing to its excellent insulating properties and resistance to heat and electricity.
As these industries continue to evolve, the demand for high-quality fiberglass rovings in South Korea is expected to remain robust. Manufacturers are increasingly focusing on improving the efficiency and cost-effectiveness of fiberglass production processes, which will likely lead to the expansion of the South Korea Fiberglass Roving Market in the coming years.
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Victorian PLUS
Taylor-Made Roofing
GAF
PABCO
Owens Corning
Tamko
CertainTeed
Roofing & Siding
IKO Industries Inc.
Nextgen Roofing
Atlas Roofing
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 South Korea Fiberglass Shingles Market
Residential
Commercial
Industrial
Asphalt Fiberglass Shingles
Wooden Fiberglass Shingles
Metal Fiberglass Shingles
3-Tab Shingles
Architectural Shingles
Luxury Shingles
Homeowners
Contractors
Architects
Standard Durability
High Durability
Premium Durability
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Fiberglass Shingles 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. South Korea Fiberglass Shingles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fiberglass Shingles Market, By Type
6. South Korea Fiberglass Shingles Market, By Application
7. South Korea Fiberglass Shingles Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fiberglass Shingles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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