S-Glass Segment Will Have the Largest Market Share in The Saudi Arabia Fiberglass Market During the Forecast Period.
Increase in construction projects and rise in urbanization
are contributing to the increased demand for Saudi Arabia fiberglass market in
the future.
According
to TechSci Research report, Saudi
Arabia Fiberglass Market - By Region, Competition Forecast & Opportunities, 2018-2028F,
the Saudi Arabia Fiberglass Market is
expected to register robust growth during the forecast period, 2024-2028. Fiberglass is a form of reinforced plastic. Fiberglass is made up of
different types of glass. Fiberglass flattened into sheets are randomly placed
or woven into a cloth. Fiberglass is light, strong and not brittle. Fiberglass
is a type of fiber-reinforced plastic, and this reinforcing fiber is made of
glass fiber. Various types of glass are used depending on the application of
the glass fiber. These glasses are composed of silica or silicates and minor
amounts of oxides of calcium, magnesium, and sometimes boron. Fiberglass is
used with hardeners such as polyester fiberglass resins and other resins that
require liquid hardeners. Fiberglass manufacturers also offer baffle systems
for drinking water and wastewater applications. As a fabricator, fiberglass
provides a quick and inexpensive way to make parts and molds, makes repairs
easier to manage, and withstands extreme environmental conditions. Fiberglass
has unique properties that make it inherently resistant to corrosion and
stains. These properties make it very suitable for use in industrial applications
as windows and doors in coastal climates and as building skins. Fiberglass is
non-conductive and used as an insulator, eliminating the possibility of
galvanic corrosion in coastal environments. This property makes it advantageous
for use in underground mining.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on the "Saudi Arabia Fiberglass Market”
The Saudi Arabia
Fiberglass Market is segmented into glass type, product type, resin and
applications. On the basis of glass type, the market is divided
into A-Glass, C-Glass, D- Glass, E-Glass, S-Glass and Others. During the projected
period, the S-Glass segment in the glass type is expected to dominate the
market in the forecast period of 2024-2028. Also known structural glass, it is
known for its mechanical properties. It has the highest strength,
stiffness, and softening point of any reinforced glass fiber on the market.
This glass is used for highly demanding products such as FRP light armor. It is
made from magnesium aluminosilicate and are used where high strength, high
stiffness, extreme temperature resistance and corrosion resistance are required
such as in dental applications.
On the basis of Application, the market is segmented into
Construction & Infrastructure, Automotive,
Wind Energy, Electronics, Aerospace & Defense, Manufacturing, Marine, and
Others. The construction and infrastructure industry are their
major end-users and the market is expected to grow at a significant rate
throughout the forecast period. This is mainly due to an increase in
construction projects in several regions of the country due to Vision 2030.
Rapid urbanization leads to increased infrastructure development, leading to
increased demand for fiber optics.
On the basis of region, the market
is segmented into Makkah,
Riyadh, Eastern Province, and Rest of Saudi Arabia. During the projected
period, Riyadh region is expected to dominate the market in the forecast period
of 2024-2028. Riyadh has many projects under its belt for the Saudi Vision
2030. Riyadh is considered as the commercial hub of the country with many MNCs
having their headquarters and offices in the region.
Key
market players in the Saudi Arabia Fiberglass Market are:
- Arabian Fiberglass Insulation Co., Ltd.
- Zamil
Industrial Investment
- SIGMA by
PPG
- Taishan
Fiberglass Inc.
- Chongqing
Polycomp International Corp. (CPIC)
- Saad Othman co.
- Busubait Fiberglass
- Saudi Arabian Amiantit Co.
- Fiber Glass
Oasis Company
- PFG Fiber
Glass (Kunshan) Co. Ltd.
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"Increasing number of construction projects has given fiberglass market a boost due to Vision 2030 which has shaped the fiberglass market as many commercial and tourism projects will require renovation. As construction industry has been considered the main source of income after oil & gas industry, fiberglass market has a lot of opportunities in the forecast period.", said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Saudi Arabia
Fiberglass Market By Glass Type (A-Glass,
C-Glass, D- Glass, E-Glass, S-Glass and Others), By Product Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped
Strand), By Resin (Thermoset Resins and Thermoplastic Resins), By Application
(Construction
& Infrastructure, Automotive, Wind Energy, Electronics, Aerospace &
Defense, Manufacturing, Marine, Others), By Region, Competition Forecast & Opportunities, 2018-2028F has
evaluated the future growth potential of Saudi Arabia Fiberglass Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Saudi Arabia Fiberglass Market.
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