Fiberglass Mold Market to Grow at 8.7% CAGR to 2024
The Fiberglass Mold Market size is estimated at US$ 309 Million in 2019 and is projected to reach US$ 468 Million by 2024, at a CAGR of 8.7% between 2019 and 2024. Fiberglass molds are used in different industries such as wind energy, construction & infrastructure, automotive & transportation, aerospace & defense, and marine industries. They are helpful in providing dimensionally accurate, lightweight, and strong composite materials. The superior offerings provided by fiberglass molds are enabling its usage in the end-use industries.
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‘‘Epoxy resin-based fiberglass mold is projected to register the highest CAGR between 2019 and 2024 in terms of value and volume.’’
Epoxy resin-based fiberglass mold holds the largest share in the global market, due to increased demand from wind energy and automotive & transportation end-use industries. Epoxy resin offers better thermal properties, high strength, and durability. It has better physical, mechanical, and adhesion properties and low shrinkage compared to other resins.
“Wind energy is the most prominent end-use industry in the global fiberglass mold market.’’
Wind energy is projected to be the fastest-growing end-use industry, in terms of both value and volume, of fiberglass mold during the forecast period. Fiberglass mold is widely used in manufacturing wind blades. The increasing wind energy installations in APAC, Europe, and North America are bolstering the use of fiberglass molds in the wind energy industry. Fiberglass molds are helpful in providing dimensionally accurate, lightweight, and strong composite materials. Component fabricators around the world are constantly looking for molds that exhibit tighter tolerances and longer life.
“The fiberglass mold market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.”
The fiberglass mold market in APAC is projected to register the highest CAGR, in terms ofboth value and volume, during the forecast period. This growth can be attributed to the increasing demandfor fiberglass moldsfrom wind energy, automotive & transportation, and construction & infrastructure industries. China is one of the prominent consumers of fiberglass molds in the region.
Breakdown of profiles of primary interviews for the report on the fiberglass mold market
- By Company: Tier 1- 37%, Tier 2- 42%, and Tier 3-21%
- By Designation: C level – 30%, Director level – 25%, and Others- 45%
- By Region: Europe – 40%, APAC-27%, North America – 20%, Latin America – 7%, Middle East & Africa – 6%
Report Highlights:
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To define, describe, and forecast the market on the basis of five regions, namely, APAC, Europe, North America, Latin America, and Middle East & Africa
- To analyze and forecast the market size of the fiberglass mold market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the market on the basis of resin and end-use industry
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To strategically profile the key players and comprehensively analyze their market share and core competencies
Reason to buy this report:
Fiberglass Mold Market report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall fiberglass mold market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
Competitive Landscape of Fiberglass Mold Market:
1 Introduction
2 Competitive Leadership Mapping, 2018
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Emerging Companies
2.4 Innovators
3 Competitive Benchmarking
3.1 Strength of Product Portfolio
3.2 Business Strategy Excellence
4 Ranking of Key Players, 2018
5 Competitive Scenario
5.1 Expansion & Investment
5.2 Merger & Acquisition
5.3 Agreement & Partnership
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Top Companies in the Fiberglass Mold Market include are Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).
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