The global Fiberglass
Mold Market is forecast to reach USD 530.2 Million by 2026, according
to a new report by Reports and Data. The growing demand for renewable energy
sources is one of the significant factors contributing to the growth of the
market. Fiberglass is stronger and has a high resistance to corrosion. The
materials are ideal for products used outside, in states near the ocean, with a
high salt content in the air. Fire-retardant resins make products withstand
fire. There are very few limitations with molding fiberglass, providing
unlimited possibilities for manufacturers. This makes it possible to design
visually appealing ones that are still as structurally strong and durable.
The Asia Pacific region held the largest market share of
~29% in the year 2018 and is anticipated to witness the highest CAGR of 9.4%
during the forecast period. The rapid growth in the demand for fiberglass mold
will contribute to the growth of the market in the region. The rising
population, growing industrialization, and urbanization, coupled with the
expanding chemicals & materials, construction, automotive, and other
industries in the region will also escalate the growth of the market.
To identify the key trends in the industry, click on the link
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Further key findings from the
report suggest
- By composite phases, the market can be classified into matrix and
dispersed phase. Fiber-reinforced composites usually consist of a
continuous phase. This continuous phase is also known as the matrix, and
the material that is distributed through the matrix is known as the
dispersed phase. The dispersed phase, also called a reinforcement, is
added for other purposes, such as, to bulk up the matrix at low cost
without affecting the properties of the composite. There may also be a
phase to create a bond between layers and phases, sometimes called the
interface.
- Among the product types, the epoxy resins accounted for the largest
market share of ~36% in the year 2018. The main characteristics of epoxy
resin after curing are voltage resistance, water absorption, strength,
heat & temperature resistance, chemical resistance, elongation,
shrinkage coefficient, thermal conductivity, induced rate, and others.
- The vinyl ester is forecasted to witness the highest CAGR of 9.5%
during the forecast period. Vinyl esters are more tolerant of stretching
than polyesters. This makes them able to absorb impact, reducing the
damage caused, and are less likely to show stress cracking. Vinyl esters
shrink less on curing, which means that the 'pre-release' of a laminate
from a mold is less significant.
- Key participants include Dencam Composites, Gurit Holding AG,
Janicki Industries, Norco Composites & GRP, SCHÜTZ GmbH & Co.
KGaA, TPI Composites, Shandong Shaungyi Technology, Indutch Composites
Technology, EUROS GmbH, and Molded Fiber Glass Companies, among others.
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For this report, Reports and Data have segmented into the global
fiberglass mold market on the basis of resin type, composite phases, industry
vertical, and region:
Resin Type Outlook (Volume, Kilo
Tons and Revenue, USD Million; 2016-2026)
- Polyester
- Vinyl Ester
- Epoxy
- Others
Composite Phases Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Matrix
- Dispersed Phase
- Interface
Industry Vertical Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Building & Construction
- Automotive & Transportation
- Wind energy
- Aerospace & Defense
- Marine
- Others
Regional Outlook (Volume, Kilo
Tons and Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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