• Blog
  • Fiberglass Mold Market Analysis | 2023-2028

    Fiberglass Mold Market Analysis | 2023-2028

    Fiberglass Mold Market Analysis | 2023-2028
    Report code - SRAM387 Delivery - 2 Weeks
    Fiberglass Mold Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    Market Insights

    The fiberglass mold market size was valued at USD 331.46 million in 2022 and is forecast to grow to USD 552.25 million by 2028 at a CAGR of 8.63% during 2023-2028.

    Wish to get a Free Sample? Register Here

    What is fiberglass mold?

    A fiberglass mold, also known as a fiberglass mold, is a type of mold or pattern used in manufacturing processes to create objects made of fiberglass-reinforced plastic (FRP) or fiberglass-reinforced polymer (FRP).

    Fiberglass Mold Market Report Overview

    Market Size in 2028

    USD 552.25 Million

    Market Size in 2023

    USD 331.46 Million

    CAGR (2023-2028)

    8.63%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    Growing demand from the automotive industry

    Fiberglass is a versatile tool for automobile designers, offering a flexible solution for producing unique and intricate designs. It provides low tooling costs, making it cost-effective compared to metal presses. The production of fiberglass parts is quicker, more efficient, and more durable, making it a necessity in the modern market. The balance between cost and performance characteristics is a major factor driving the global fiberglass mold market. The International Organization of Motor Vehicle Manufacturers reported that global passenger vehicle sales reached US$711 billion and US$1033 billion in 2020, indicating that the use of fiberglass mold in interior and exterior automotive parts will continue to drive the market.

    Growing demand for electronic components

    Fiberglass is a popular material for insulating electrical equipment in industries and electronics due to its temperature stability and mechanical strength. It is used in wiring coatings to meet critical electrical, corrosion resistance, thermal conductivity, and dimensional stability requirements. India's domestic electronics production increased from $29 billion in 2014–15 to $67 billion in 2020–21, driving the market for the fiberglass mold industry.

    Key Players

    Some of the top fiberglass mold manufacturers are-

    • Dencam Composite A/
    • Gurit Holding A
    • EUROS GmbH
    • Indutch Composites Technology Private Limited
    • Janicki Industries Inc.
    • Molded Fiber Glass Cos
    • Norco GRP Ltd
    • SCHÜTZ GmbH & Co. KGaA
    • Shandong Shaungyi Technology Co., Ltd.
    • TPI Composites Inc.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Resin Type Analysis

    Epoxy, Vinyl Ester, Polyester, and Others

    Epoxy resin segment held the largest share of the market in 2022.

    End-Use Industry Type Analysis

    Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, and Others

    Wind energy industry is likely to lead the market during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    Asia-Pacific is estimated to govern the market during the forecast period.

    Fiberglass Mold Market Share: By Resin Type

    Based on the resin type, the market is segmented as epoxy, vinyl ester, polyester, and others. The epoxy resin segment held the largest share of the market in 2022 and is likely to lead the market in the coming years as well, due to its various properties, such as high heat resistance and excellent mechanical properties. Also, as compared with other resins, it has better physical, mechanical, and adhesion properties.

    Fiberglass Mold Market Share: By End-Use Industry Type

    Based on the end-use industry type, the fiberglass mold market is segmented as wind energy, marine, aerospace & defense, automotive & transportation, construction & infrastructure, and others. The wind energy industry is likely to lead the market during the forecast period. As fiberglass molds provide dimensionally accurate, lightweight, and strong composite materials, they are widely used in the manufacturing of wind composite wind blades.

    To get the full scope of the report, Register Here

    Fiberglass Mold Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to govern the market during the forecast period, driven by the high growth of various end-use industries, such as automotive & transportation, wind energy, and construction & infrastructure with the presence of major fiberglass mold manufacturers in the region with China and India being the major countries offering lucrative growth opportunities over the forecast period.

    Want to know which region offers the best growth opportunities? Register Here

    Research Methodology

    This market report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

    What Deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Fiberglass Mold Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and what is their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    A fiberglass mold, also known as a fiberglass mold, is a type of mold or pattern used in manufacturing processes to create objects made of fiberglass-reinforced plastic (FRP) or fiberglass-reinforced polymer (FRP).

    Dencam Composite A/S, EUROS GmbH, Gurit Holding AG, Indutch Composites Technology Private Limited, Janicki Industries Inc., Molded Fiber Glass Cos, Norco GRP Ltd, SCHTZ GmbH & Co. KGaA, Shandong Shaungyi Technology Co., Ltd., and TPI Composites Inc are among the key players in the fiberglass mold market.

    The market is forecast to grow at a CAGR of 8.63% during 2023-2028.

    The market size was valued at USD 331.46 million in 2022 and is forecast to grow to USD 552.25 million by 2028.