The Fiberglass Mold Market is Segmented by Resin Type (Epoxy, Vinyl Ester, Polyester, and Others), by End-Use Industry Type (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Fiberglass Mold Market is Segmented by Resin Type (Epoxy, Vinyl Ester, Polyester, and Others), by End-Use Industry Type (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, and Others), and by Region ...
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.
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-
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 2022and is likely to lead the marketin 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 windenergy 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.
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.
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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?
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.
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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).
