The Growth Of Automobile Production Will Drive The Demand Of Fiberglass Market

The fiberglass market is growing due to the extensive use of fiberglass in the construction industry, use of fiberglass composites by the automotive industry for enhanced performance, and an increasing number of wind turbine installations.

Chopped strand is projected to be the fastest-growing type segment in the global fiberglass market during the forecast period.

Chopped strands are fiberglass strands used to provide reinforcements in the automotive and construction applications. These can be mixed with resin to produce reinforcing gap fillers in construction activities. Chopped strands used along with polyester resin produce strong, stiff, and tough laminates used in water tanks, boats, and other industrial applications. These are suitable for the hand lay-up process using thermoset resin systems in automobile, re-creation, and chemical industries. Rising automotive production in the Asia Pacific and Europe is expected to drive the demand in the chopped strand type segment market.