United States Chopped Fiberglass Strand Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The US Chopped Fiberglass Strand Market is witnessing significant growth as demand for high-strength, lightweight materials continues to rise across various industries. These chopped fiberglass strands are primarily used as reinforcing agents in the production of composite materials for applications in automotive, construction, aerospace, and marine industries. As one of the leading suppliers of advanced composite materials, the US market is capitalizing on its ability to produce fiberglass strands that are durable, corrosion-resistant, and versatile, making them ideal for a range of demanding applications.
With growing awareness of the benefits of fiberglass over traditional materials, the demand for chopped fiberglass strands is expanding rapidly. Manufacturers are increasingly turning to chopped fiberglass strands due to their ability to enhance the mechanical properties of the final product, such as improving tensile strength, impact resistance, and dimensional stability. The US market is also benefitting from advancements in production techniques, making it easier to manufacture these fibers in different grades and sizes to meet the specific needs of customers.
One of the primary drivers of growth in this market is the automotive sector. As electric vehicles (EVs) and lightweight vehicles gain popularity, there is an increasing need for materials that are both strong and lightweight. Chopped fiberglass strands help reduce the weight of vehicles, improving fuel efficiency and making them more environmentally friendly. Furthermore, chopped fiberglass strands are being used to manufacture durable and energy-efficient parts, including body panels, bumpers, and structural components.
The US Chopped Fiberglass Strand Market also benefits from its growing applications in the construction and marine industries. In construction, these strands are used in concrete to enhance its durability and crack resistance. The marine industry leverages chopped fiberglass strands for boat hulls and other watercraft parts, improving resistance to corrosion and extending the lifespan of vessels.
The market is projected to continue expanding, driven by innovations in composite materials and the increased adoption of fiberglass-based products in various sectors. With the ongoing development of next-generation materials and a rise in demand for energy-efficient solutions, the US chopped fiberglass strand market is well-positioned to capture new growth opportunities in the coming years.
Additionally, while the market for advanced materials like chopped fiberglass strands is growing, there are rising concerns over sustainability and environmental impact. Manufacturers are exploring ways to make the production process more eco-friendly by reducing waste and energy consumption. This is expected to further drive market innovation, as companies strive to meet both consumer demand and regulatory standards for environmentally sustainable practices.
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Owens Corning
PPG Industries
3B Fibreglass
Nippon Electric Glass
Unifrax
LBI Fiberglass
Saint-Gobain Vetrotex
Johns Manville
P.G. & Brothers
Reeve Industries
VALMIERA GLASS GROUP
Taishan Fiberglass
Jushi Group
Chongqing Polycomp
Huierjie New Material Technology
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 US Chopped Fiberglass Strand Market
Short Chopped Fiberglass Strands
Medium Chopped Fiberglass Strands
Long Chopped Fiberglass Strands
Thermosetting Resins
Thermoplastic Resins
Construction
Aerospace
Automotive
Marine
Consumer Goods
Aerospace and Defense
Building and Construction
Transportation
Electrical and Electronics
Sports and Leisure
Pre-packaged Formulations
Custom Formulations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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 US Chopped Fiberglass Strand 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. US Chopped Fiberglass Strand Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Chopped Fiberglass Strand Market, By Type
6. US Chopped Fiberglass Strand Market, By Application
7. US Chopped Fiberglass Strand Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Chopped Fiberglass Strand Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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