Global Fiberglass Building Products Market Predicted to Grow at a CAGR of 5.65% during the period 2017-2021

(EstateNewsWire.com, May 17, 2017 ) Fiberglass is a type of reinforced plastic, in which the material used for reinforcement is glass fiber. Glass fibers can be of two types based on their geometry continuous fibers that are used in yarns and textiles and discontinuous (short) fibers that are used as batts, blankets, and boards for insulation and filtration. Fiberglass materials are used in building products, including in mesh products, these are used for fade reinforcement and to prevent cracks on walls. Mesh fabric is a major component of insulation systems. In walls and ceiling, fiberglass is used for decorations and renovations. It is also used for protection from fire. In drywall tapes, these materials are used to increase the strength of joints and as repair solutions.

Technavios analysts forecast the global fiberglass building products market to grow at a CAGR of 5.65% during the period 2017-2021.

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Fiberglass building products are leveraged in the construction of roofs, windows, and doors as it is cost-effective and are steadily replacing metals, woods, and concrete. The increase in the demand for fiberglass products will significantly contribute to the growth of the market over the next four years.

2016 witnessed an investment of about USD 490 billion towards the airport construction projects that included a number of new airport developments. Additionally, countries such as France and India are significantly focusing on the modernization of the existing airports. With a number of additional properties including lightweight, corrosion-resistance, and superior strength that reduces the load on buildings, fiberglass products will be greatly preferred for these airport development projects. Additionally, the anti-rust characteristics and benefits like less installation time will also make fiberglass products the ideal choice for such construction projects, which will in turn, significantly drive their adoption in the next few years.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Fiberglass Building Products Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Braj Binani Group
China Beihai Fiberglass
Johns Manville
Jushi Group
Phifer
PPG Industries
Saint-Gobain

Other prominent vendors
Chongqing Polycomp International
Enduro
KCC Fiberglass
Knauf Insulation
Taishan Fiberglass

Market driver
Urbanization and increased investments in infrastructure development.
For a full, detailed list, view our report

Market challenge
Competitive environment and shortage of skilled workforce.
For a full, detailed list, view our report

Market trend
Advantages of using fiberglass over other alternatives.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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