Overview of the global fiberglass building products market

Market research analysts at Technavio predict that the global fiberglass building products market will grow steadily over the next four years and post a CAGR of around 6% by 2021. This market research analysis identifies urbanization and increased investments in infrastructure development as the key factor in the fiberglass building products market. Factors such as population growth, rising disposable income of individuals, and urbanization are, in turn, enhancing the need for infrastructure. Owing to the qualities associated with the product such as flexibility, corrosion resistance, durability, easy installation, and weatherproofing, the fiberglass building products are mainly used in the construction industry. 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.

Competitive landscape and key vendors

The fiberglass building products market is well-established and has the presence of numerous vendors. To enhance their market shares, prominent players in the market are focusing on the innovation of products and towards expanding their production facilities. Moreover, the well-established players are optimizing the use of technical and financial resources to compete with their counterparts. To retain their market shares, the small and medium-sized vendors have the need to develop innovative technologies and offer better product lines in the market.

The leading vendors in the market are ?

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

The other prominent vendors in the market are Chongqing Polycomp International, Enduro, KCC Fiberglass, Knauf Insulation, and Taishan Fiberglass.

Segmentation by application and analysis of the fiberglass building products market

• Residential
• Non-residential

The fiberglass building products market will be dominated by the non-residential segment during the next four years and this mainly due to the rapid expansion by automotive manufacturers. Factors such as the significant increase in the number of office buildings and other constructions such as café, hospitals, theme parks, shopping malls, and retails stores will also fuel the growth of this segment in the fiberglass building products market. Additionally, the growing demand from the entertainment, education, and healthcare sectors in the developing economies such as China, India, Indonesia, and Brazil, will promote the growth of this market segment.

Market segmentation by geography and analysis of the fiberglass building products market

• Americas
• APAC
• EMEA

Owing to an increase in construction projects in emerging economies such as China, India, and Indonesia, APAC accounted for the major share of the fiberglass building products market during 2016. The rapidly growing urban population in China that contributes to the demand for several public infrastructure and housing units and the frequent changes in government policies that will drive investments in the construction industry in this region, will also enhance the growth of the market in APAC over the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fiberglass building products market?
• What are the key market trends impacting the growth of the global fiberglass building products market?
• What are the challenges to market growth?
• Who are the key vendors in the global fiberglass building products market?
• What are the market opportunities and threats faced by the vendors in the global fiberglass building products market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA.?
• What are the key outcomes of the five forces analysis of the global fiberglass building products market? 

Technavio also offers customization on reports based on specific client requirement.

Fiberglass is a revolutionary building material for construction and provides benefits such as easy installation, elegant styles, robust strength, and low moisture absorption, which ensures years of maintenance free service. To capture a holistic view of the chemicals and materials industry, Technavio provides a wide array of industry research reports on related industries as metals and minerals, additives, adhesives, and sealants, and bio-chemicals and bio-materials. The upcoming report on the global fiberglass building products market offers ample information on the market to make informed strategic decisions by considering parameters as market size, emerging geographical regions, and technological advancements.

Research analysts at Technavio follow extensive primary and secondary research methodologies in order to gather data from customers, manufacturers, mining companies, fracking companies, consumers, and other key stakeholders. The upcoming report on the global fiberglass building products market also considers the growth of global fiberglass electrical and electronic products market and global carbon fiber market which are expected to grow at a CAGR of 7% and 9%, respectively, for the forecast period of 2017 to 2021. Compared to contemporary building materials, fiberglass provide quicker installation time, long life, and better functionality.

The upcoming report on the global fiberglass building products market also considers key market drivers, emerging trends, technological advancements, and opportunities, and challenges faced by the industry. The report also considers the growth of glass and ceramics, agrochemicals and fertilizers, olefins, and chemical engineering equipment.