Fiberglass Mold Market size was valued at US$ 348.58 Mn. in 2022 and the total revenue is expected to grow at 5.7% through 2022 to 2029, reaching nearly US$ 513.85 Mn. in the forecast period. The global Fiberglass Mold Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Fiberglass Mold Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Global Fiberglass Mold Market Overview:
Fiberglass molding is a process where fiberglass-reinforced resin plastics are formed into various shapes and sizes. The process comprises first making a mold and then using the mold to make the fiberglass component. Fiberglass mold lasts up to a year, if not opened and closed too frequently. After 18 months it becomes sticky to work well. The catalyst has a similar shelf life, and last for six months, sometimes lasting up to a yearGlobal Fiberglass Mold Market Dynamics:
The market growth is attributed to the increasing demand for fiberglass mold from wind energy, construction and infrastructure, automotive and transport, aerospace and defense, and marine industries. The market of fiberglass mold was valued at USD 312 million in the base year 2020 and the market size is estimated to grow at USD 459.92 million in the forecast year. According to National Center for Biotechnology Information (NCBI), fiber protected polymer provide high tensile strength, durability, flexural strength, and stiffness with rust-resistant are the properties responsible to drive the market and show favorable growth of the fiberglass mold market in the forecast period. Moreover, the rising demand for smart architecture, mobility, and smart energy solutions is a key driver for the fiberglass mold market. Fiberglass mold is also used in end-user industries like wind energy automotive and transportation, aerospace and defense, marine, and construction and infrastructure are the industries showing large scale utilization of fiberglass material. Additionally, the high manufacturing cost of fiberglass mold and short terms uses are the factors hampering the market growth of the fiberglass mold market. The key companies like Nordex and Siemens are generating more revenue in wind energy power plants with respect to utilization of fiberglass mold. Nordex, the German wind turbine manufacturer generated nearly 4.36 billion euros in revenue in 2022. The Nordex Group delivered powerful wind turbines across the globe. And Siemens Gamesa generated 9.4 billion euros revenue in the year 2022.Global Fiberglass Mold Market Segment Analysis:
By Type, the Segment is trifurcated into Epoxy, Vinyl Ester, and Polyester. Epoxy- resin is dominating the type segment of the fiberglass mold market. Epoxy resins are widely utilized in fiberglass mold due to their high-performance properties like low shrinkage, high strength, excellent adhesion to different substrates, effective electrical insulation, chemical, and solvent resistance, and economical with low toxicity. Epoxy resins are reactive prepolymers containing epoxide groups and have excellent chemical and heat resistance with strong adhesion properties. Epoxy resins are also used as surface coating material, laminates, flooring, lining, and propellers. The global market share of epoxy resins is estimated to reach USD 8.78 billion with a CAGR of 5.79% in the forecast period. By Application, Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure. The sub-segment wind energy is dominating the application segment of the fiberglass mold market. Fiberglass is largely used in the manufacturing of blades used in wind energy power plants. The wind energy blades are constructed with the combination material like glass fiber composite carbon fiber composites and aramid fiber composites, which provides tensile strength to the high rotating blades of a windmill. Fiberglass mold is widely used in blade manufacturing. As the wind energy blades are highly dimensional, lightweight, and strong capacity. Wind energy is one of the largest industries using fiberglass mold. Additionally, The demand for eco-friendly and renewable energy sources for electricity generation and falling wind energy power costs are predicted to increase the wind turbine market in the forecast period. Simultaneously, wind energy power is boosting the market growth of the fiberglass mold market. The United States accounted for around 21.3% of the world's wind power consumption in the year 2022.Global Fiberglass Mold Market Regional Insights:
The Asia Pacific is dominating the fiberglass mold market and is anticipated to show tremendous growth in the forecast period and acts as a key market for fiberglass mold. As the population in the Asia Pacific is growing the demand for electricity and renewable energy source increase with the developing end-user industries like construction, automobile, transportation, infrastructure. The leading countries of Asia Pacific are China, India, Japan, and Australia accounting for a significant market share whereas China is leading in the Asia Pacific with a bulging consumer base in the country and large-scale technological developments. China is dominating the fiberglass mold market concerning wind energy power plants being the largest end-user. The Asia Pacific is also having major market players in the region like Shandong Shaungyi Technology Co. Ltd and Gurit Holding AG. North America is second dominating in the fiberglass mold market as the country is responsible to generate more construction and infrastructure industries in the region and is predicted to invest in renewable energy source power plants in the forecast period. The objective of the report is to present a comprehensive analysis of the global Fiberglass Mold Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Fiberglass Mold Market dynamics, structure by analyzing the market segments and project the global Fiberglass Mold Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Fiberglass Mold Market make the report investor’s guide.Global Fiberglass Mold Market Scope: Inquire before buying
Fiberglass Mold Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 348.58 Mn. Forecast Period 2023 to 2029 CAGR: 5.7% Market Size in 2029: US $ 513.85 Mn. Segments Covered: by Type • Epoxy • Vinyl Ester • Polyester by Application • Wind Energy • Marine • Aerospace & Defense • Automotive & Transportation • Construction & Infrastructure Fiberglass Mold Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Global Fiberglass Mold Market Key Player
• 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) • Molded Fiber Glass Companies (US). • CMDT Manufacturing • SSP Technology • Dencam Composit Frequently Asked Questions: 1. Which region has the largest share in Global Fiberglass Mold Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Fiberglass Mold Market? Ans: The Global Fiberglass Mold Market is growing at a CAGR of 5.7% during forecasting period 2023-2029. 3. What is scope of the Global Fiberglass Mold Market report? Ans: Global Fiberglass Mold Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Fiberglass Mold Market? Ans: The important key players in the Global Fiberglass Mold Market 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), Molded Fiber Glass Companies (US)., CMDT Manufacturing, SSP Technology, and Dencam Composit 5. What is the study period of this Market? Ans: The Global Fiberglass Mold Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Fiberglass Mold Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Fiberglass Mold Market 3.4. Geographical Snapshot of the Fiberglass Mold Market, By Manufacturer share 4. Global Fiberglass Mold Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Grades 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Fiberglass Mold Market 5. Supply Side and Demand Side Indicators 6. Global Fiberglass Mold Market Analysis and Forecast, 2022-2029 6.1. Global Fiberglass Mold Market Size & Y-o-Y Growth Analysis. 7. Global Fiberglass Mold Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Epoxy 7.1.2. Vinyl Ester 7.1.3. Polyester 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Wind Energy 7.2.2. Marine 7.2.3. Aerospace & Defense 7.2.4. Automotive & Transportation 7.2.5. Construction & Infrastructure 8. Global Fiberglass Mold Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Fiberglass Mold Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Epoxy 9.1.2. Vinyl Ester 9.1.3. Polyester 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Oil & Gas 9.2.2. Transportation 9.2.3. Aerospace & Defense 9.2.4. Chemical and Petrochemical 9.2.5. Automotive 9.2.6. Industrial 10. North America Fiberglass Mold Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Fiberglass Mold Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Fiberglass Mold Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Fiberglass Mold Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Fiberglass Mold Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Fiberglass Mold Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Fiberglass Mold Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Fiberglass Mold Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Fiberglass Mold Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Fiberglass Mold Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Fiberglass Mold Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Fiberglass Mold Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Fiberglass Mold Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Fiberglass Mold Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Fiberglass Mold Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Fiberglass Mold Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Fiberglass Mold Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Fiberglass Mold Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Fiberglass Mold Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Fiberglass Mold Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Fiberglass Mold Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Fiberglass Mold Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Fiberglass Mold Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Fiberglass Mold Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Fiberglass Mold Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Fiberglass Mold Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Fiberglass Mold Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Textile Reinforced Concrete e Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Fiberglass Mold Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Fiberglass Mold Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Fiberglass Mold Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Fiberglass Mold Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Fiberglass Mold Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Fiberglass Mold Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Fiberglass Mold Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Textile Reinforced Concrete Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Gurit Holding AG (Switzerland) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Dencam Composites (Denmark) 45.3.3. Norco Composites & GRP (UK) 45.3.4. Janicki Industries (US) 45.3.5. TPI Composites (US) 45.3.6. SCHÜTZ GmbH & Co. KGaA (Germany) 45.3.7. Indutch Composites Technology (India) 45.3.8. Shandong Shaungyi Technology (China) 45.3.9. EUROS GmbH (Germany) 45.3.10. Molded Fiber Glass Companies (US). 45.3.11. CMDT Manufacturing 45.3.12. SSP Technology 45.3.13. Dencam Composite 46. Primary Key Insights