Fiberglass Mold Market - By End-Use Industry (Marine, Wind Energy, Automotive & Transportation, Aerospace & Defense, and Construction & Infrastructure), By Resin Type (Vinyl Ester, Epoxy, and Polyester)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The global fiberglass mold market value was estimated at 312 (USD Million) in 2019 and is projected to hit 487 (USD Million) by 2025 growing at a CAGR of 8.7% during the period from 2019 to 2025. The report offers valuation and analysis of the fiberglass mold market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).


Introduction

Fiberglass mold is produced through the process involving forming of fiberglass reinforced polymer composite materials such as resin plastics in varied sizes. In the fiberglass molding method, mold is utilized to produce the components of fiberglass.

Market Growth Dynamics

According to NCBI, fiber reinforced polymer composite materials provide high strength to weight ratio along with unique features like durability, flexural strength, rust resistance, dampness, and stiffness. This, in turn, is anticipated to steer the growth of fiberglass mold industry over the forthcoming years.  Apparently, the product has elongated shelf life as compared to other kinds of molds.

Additionally, massive demand for fiberglass across marine, wind energy, and automotive sectors will prompt the market demand over the ensuing years. A spectrum of diverse features of the product has helped it find large-scale applications in construction, aerospace & aviation, and biomedical industries. In addition to this, fiber reinforced polymer (FRP) composites through distinct base material combinations and manufacturing methods impart improvement in the material features as compared to alloys and pure metals. This has enhanced the popularity of the FRP composites for plethora of applications, thereby steering the market trends.

Asia Pacific To Contribute Lucratively Towards Overall Market Share By 2025

The growth of the market in the region during the forecast period is owing to easy availability of raw materials in large quantities and government legislations supporting FRP composite material production in the countries like India and China. Additionally, thriving automotive & manufacturing sectors will steer the regional market surge over the forecasting years.

Key players profiled in the report include Dencam Composites, Indutch Composites Technology, Janicki Industries, Gurit Holding AG, TPI Composites, SCHÜTZ GmbH & Co. KGaA, Norco Composites & GRP, Molded Fiber Glass Companies, Shandong Shaungyi Technology, and EUROS GmbH.

The global fiberglass mold market is segmented as follows:

By resin type

	Epoxy
	Vinyl Ester
	Polyester
	Others (BMI, phenolic, and benzoxazine)

By end-use industry

	Wind energy
	Marine
	Aerospace & Defense
	Automotive & Transportation
	Construction & Infrastructure
	Others (industrial, consumer goods, electrical component, and sporting goods)

By Region

	North America
	
		The U.S.
		Canada
	
	
	Europe
	
		France
		The UK
		Spain
		Germany
		Italy
		Rest of Europe
	
	
	Asia Pacific
	
		China
		Japan
		India
		South Korea
		Southeast Asia
		Rest of Asia Pacific
	
	
	Latin America
	
		Brazil
		Mexico
		Rest of Latin America
	
	
	Middle East & Africa
	
		GCC
		South Africa
		Rest of Middle East & Africa