Fiberglass Market Size, Trends, Growth Drivers, Major Companies, Share and Regional Outlook by 2026
According to IMARC Group’s report, titled “ Fiberglass Market Size , Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global fiberglass market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026. Fiberglass is a reinforced plastic material produced by embedding glass fibers with a resin matrix. It is cost-effective, lightweight, durable, corrosion-resistant, and non-conductive, providing high electrical insulation. Fiberglass is commonly available in the form of yarn, direct and assembled roving, glass wool, flattened sheets, and chopped strand. As compared to conventional materials, fiberglass offers ecological sustainability and improved energy efficiency. On account of these benefits, it is widely applied across the construction, aerospace, defense, automotive, and electronics industries. Increasing environmental consciousness and an enhanced focus on ...