Dublin, March 26, 2019 (GLOBE NEWSWIRE) -- The "Fiberglass Mold Market by Resin Type (Epoxy, Vinyl Ester, Polyester), End-Use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The market size is projected to reach USD 468,245.1 thousand by 2024, at a CAGR of 8.7%, between 2019 and 2024.
Molds can be made from various materials, such as fiberglass, carbon fiber, iron, steel, and invar. Tools which are made from fiberglass molds have applications in shaping the composites structures and intricate shape components. Fiberglass offers various advantages, such as good surface finish, strength, and rigidity, to the mold. The fiberglass mold market is growing significantly owing to the high demand for composites from its end-use industries, especially wind energy and marine.
This report is segmented on the basis of resin type, end-use industry, and region. Fiberglass mold offers a coefficient of thermal expansion close to the part being a manufactured, making them an ideal tooling solution for composite parts, which can be used in the various end-use industries including wind energy, marine, and aerospace. Wind energy installations are growing at a rapid pace globally, owing to which, the wind energy end-use industry takes up a major share in the overall fiberglass mold market.
High coefficient of thermal expansion also assists in maintaining the dimensional accuracy of the structural part. The fiberglass mold market, on the basis of resin, is classified into epoxy, polyester, vinyl ester, and others. The market is dominated by epoxy resin-based fiberglass molds, followed by vinyl-ester based fiberglass molds, in terms of value and volume, respectively.
Some of the key players in the global fiberglass mold market are Gurit Holding AG (Switzerland), TPI Composites Inc. (US), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries, Inc. (the US), among others.
The key strategies adopted by the key players for enhancing their business revenue are expansions and agreements. Among these, expansion is estimated to be the most preferred strategy adopted by the key players between 2014 and 2018.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Growth Opportunities in the Fiberglass Mold Market
4.2 Fiberglass Mold Market, By Resin Type
4.3 Fiberglass Mold Market Share, By Region and End-Use Industry
4.4 Fiberglass Mold Market: Major Countries
4.5 Fiberglass Mold Market, By End-Use Industry
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Lightweight and Precision Molds for Composite Components
5.1.2 Restraints
5.1.2.1 High R&D and High Cost Involved in the Manufacturing of Fiberglass Molds
5.1.3 Opportunities
5.1.3.1 Adoption of 3D Printing in Fiberglass Mold Manufacturing
5.1.4 Challenges
5.1.4.1 Need to Reduce Production Cycle Time and Increase the Lifecycle of Fiberglass Molds
5.2 Porter's Five Forces Analysis
6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Automotive & Transportation Industry
6.4 Trends in Aerospace & Defense Industry
6.5 Trends in Wind Energy Industry
7 Fiberglass Mold Market, By Resin Type
7.1 Introduction
7.2 Epoxy
7.2.1 APAC Was the Largest Market for Epoxy Resin-Based Fiberglass Mold in 2018
7.3 Polyester Resin
7.3.1 Polyester Resin-Based Fiberglass Molds are Used Mainly in Railway and Heavy Truck Component Molding
7.4 Vinyl Ester Resin
7.4.1 Marine is the Largest End-Use Industry for Vinyl Ester-Based Fiberglass Mold Market
7.5 Others
8 Fiberglass Mold Market, By End-Use Industry
8.1 Introduction
8.2 Wind Energy
8.2.1 Wind Energy is One of the Prominent Consumers of Fiberglass Molds, Globally
8.3 Marine
8.3.1 North America is the Largest Consumer of Fiberglass Molds in the Marine End-Use Industry
8.4 Automotive & Transportation
8.4.1 Europe is the Largest Consumer of Fiberglass Molds in the Automotive & Transportation End-Use Industry
8.5 Aerospace & Defense
8.5.1 APAC is the Fastest-Growing Region for Fiberglass Mold Market in the Aerospace & Defense End-Use Industry
8.6 Construction & Infrastructure
8.6.1 North America is the Second-Largest Consumer of Fiberglass Molds in Construction & Infrastructure
8.7 Others
9 Fiberglass Mold Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Canada
9.2.1.1 Wind Energy and Automotive & Transportation End-Use Industries are Expected to Drive the Fiberglass Mold Market in the Country
9.2.2 US
9.2.2.1 US is the Largest Market of Fiberglass Mold in North America
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany is the Biggest Market for Fiberglass Mold in the European Region
9.3.2 UK
9.3.2.1 The UK is the Second-Largest Fiberglass Mold Market in the European Region
9.3.3 France
9.3.3.1 France is One of the Major Fiberglass Mold Markets in the European Region
9.3.4 Italy
9.3.4.1 Wind Energy and Automotive & Transportation are Major End-Use Industries in Italy for the Fiberglass Mold Market
9.3.5 Russia
9.3.5.1 Wind Energy End-Use Industry is Expected to Drive the Market of Fiberglass Mold in Russia
9.4 APAC
9.4.1 China
9.4.1.1 China is the Fastest-Growing Market of Fiberglass Mold, Globally
9.4.2 India
9.4.2.1 India is a Key Fiberglass Mold Market
9.4.3 Japan
9.4.3.1 Japan is An Established Market for Fiberglass Molds in APAC
9.4.4 South Korea
9.4.4.1 South Korea is the Fourth-Largest Market in APAC
9.5 MEA
9.5.1 Uae
9.5.1.1 Uae is the Second-Largest Market of Fiberglass Mold in MEA
9.5.2 South Africa
9.5.2.1 South Africa is the Largest Wind Energy Market in the Region
9.5.3 Saudi Arabia
9.5.3.1 Saudi Arabia is One of the Prominent Countries in the MEA Fiberglass Mold Market
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Brazil is the Largest Market of Fiberglass Mold in Latin America
9.6.2 Mexico
9.6.2.1 Automotive & Transportation is One of the Major End-Use Industries in the Country
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, 2018
10.3 Competitive Benchmarking
10.4 Ranking of Key Players, 2018
10.5 Competitive Scenario
11 Company Profiles
11.1 Gurit Holding Ag
11.2 Dencam Composites
11.3 Norco Composites & Grp
11.4 Janicki Industries, Inc.
11.5 TPI Composites, Inc.
11.6 Schtz Gmbh & Co. Kgaa
11.7 Indutch Composites Technology Pvt. Ltd.
11.8 Shandong Shuangyi Technology Co., Ltd
11.9 Euros Gmbh
11.10 Molded Fiber Glass Companies
11.11 Other Key Companies
11.11.1 GBT Composites Technology Limited
11.11.2 SSP Technology
11.11.3 Bayview Composites
11.11.4 Performance Composites
11.11.5 LM Wind
11.11.6 Fiberglass UK Ltd.
11.11.7 AP Hollings & Sons Limited
11.11.8 CMDT Llc
11.11.9 Mouldcam
11.11.10 Sintex-Wausaukee Composites
For more information about this report visit https://www.researchandmarkets.com/research/km895c/global_fiberglass?w=12
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