Report Description

Global Fiberglass Mold Market By Resin Type (Vinyl Ester, Epoxy, Polyester & Others), By End-Use Industry (Marine, Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction & Infrastructure & Others), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global fiberglass mold market is projected to grow from $ 310 million in 2018 to $ 470 million by 2024, exhibiting growth at a CAGR of 8.8%. Growth in the market can be attributed to high demand from various industries which include construction & infrastructure, automotive & transportation, wind energy, aerospace & defense, marine among others.

Notably, fiberglass mold market has been segmented as resin type, end-use industry and region. Based on resin type, the market is categorized as vinyl ester, epoxy, polyester, and others. Epoxy-resin-based fiberglass mold is expected to be a promising market during the forecast period. The epoxy-resin-based fiberglass molds offer high heat resistance and excellent mechanical properties. They have better physical, mechanical, and adhesion properties and low shrinkage compared to other resins. Owing to these properties epoxy-resin-based molds are widely used in various end-use industries.

Based on end-use industry, the market has been segmented as marine, aerospace & defense, wind energy, automotive & transportation, construction & infrastructure and others. Notably, fiberglass molds are the most extensively used molds for manufacturing wind blades. These molds are useful in providing lightweight, dimensionally accurate and strong composite materials. This factor is fueling the demand for fiberglass mold in wind energy end-use industry. Furthermore, growing demand for renewable energy sources for generating electricity and declining costs of wind energy are anticipated to lead to a surge in the installation of wind turbines during forecast period.

Regionally, fiberglass mold market has been segmented as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific is a major fiberglass mold market. Booming industries including automotive & transportation and wind energy are responsible for the growth of fiberglass mold market in the region. Furthermore, China is one of the significant consumers of fiberglass mold in the region, as it has become the single-largest consumer of fiberglass mold in the wind energy industry which is anticipated to further strengthen its position.

Some of the key players operating in global fiberglass mold market include, Gurit Holding AG, Dencam Composites, Norco Composites & GRP, Janicki Industries, TPI Composites, SCHÜTZ GmbH & Co. KGaA, Indutch Composites Technology, Shandong Shaungyi Technology, EUROS GmbH, Molded Fiber Glass Companies, among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global fiberglass mold market size.
  • To forecast global fiberglass mold market based on resin type, end-use industry and regional distribution.
  • To identify drivers and challenges for global fiberglass mold market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global fiberglass mold market.
  • To conduct pricing analysis for fiberglass mold market.
  • To identify and analyze the profile of leading players involved in the manufacturing of fiberglass mold.

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Some of the leading players in global fiberglass mold market are Gurit Holding AG, Dencam Composites, Norco Composites & GRP, Janicki Industries, TPI Composites, SCHÜTZ GmbH & Co. KGaA, Indutch Composites Technology, Shandong Shaungyi Technology, EUROS GmbH, Molded Fiber Glass Companies, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global fiberglass mold market.

TechSci Research calculated global fiberglass mold market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Fiberglass mold manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global fiberglass mold market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Resin Type:
    • Vinyl Ester
    • Epoxy
    • Polyester
    • Others
  • Market, By End-Use Industry:
    • Marine
    • Aerospace & Defense
    • Wind Energy
    • Automotive & Transportation
    • Construction & Infrastructure
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Turkey
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global fiberglass mold market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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