Views: 0 Author: Site Editor Publish Time: 2021-07-28 Origin: Site
United States Fiberglass Market stood at USD2313.90 million in 2020 and is forecast to grow at a CAGR of 4.85% until 2026. Growth in the United States Fiberglass Market is driven by their widespread usage in a variety of applications, from infrastructure sector to aerospace and defense industries.
Fiberglass is a reinforced plastic material which is composed of a woven material that is embedded with glass fibers which are randomly laid across each other and held together with a binding substance. Fiberglass is combined with resins to form an extremely strong and durable composite.
Fiberglass can be flattened into a sheet called a strand mat or woven into a fabric. The use of fiberglass in various sectors including construction, housing, automotive, aviation, marine, electronics, among others is anticipated to act as a catalyst for the growth of the United States Fiberglass Market.
Based on type, the market can be segmented into Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others.Glass Wool type fiberglass dominated the market in 2020 as glass wool is used as an indoor and an acoustic thermal material.
Most commonly, they are applied under pitched roofs, wooden floors, or on inner walls.
Based on Glass Fiber type, the market can be divided into E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others.The E Glass segment dominated the market in 2020 as the E-Glass fabrics are considered as the industry standard and provide an exceptional cost-performance balance.
Factors such as cost-efficiency, corrosion-resistance, and lightweight, as well as wide-ranging applications of E-glass, makes it preferable for wind energy, marine, and other electrical & electronics industries.
On the basis of application, composites dominate the United States Fiberglass Market and held the largest share in the United States Fiberglass Market in 2020.