February 17, 2020 09:18 ET | Source: Research and Markets Research and Markets

Dublin, Feb. 17, 2020 (GLOBE NEWSWIRE) -- The "India Fiberglass Market By Type, By Resin, By Application, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering. The Indian fiberglass market was valued at $779 million in 2018 and is projected to grow at a CAGR of more than 8% to reach $1.2 billion by 2024. Anticipated growth in the market can be attributed to the extensive use of fiberglass in the construction industry. Fiberglass refers to a strong, lightweight material that consists of thin fibers of glass that can be transformed into a woven layer or used as reinforcement. Fiberglass is less strong and stiffer than carbon fiber-based composites, but less brittle and cheaper. Increasing use of fiberglass for the manufacturing of automobile and aircraft body parts, owing to its high strength and lightweight properties is anticipated to drive the market growth. Though the fiberglass market in India is witnessing a healthy growth landscape, health related issues and unstable prices of raw materials are likely to hinder the market growth. In terms of type, the Indian fiberglass market has been categorized into glass wool, direct & assembled roving, yarn, chopped strand and others. Of these categories, the glass wool and chopped strand segments are expected to grow at a healthy rate during the forecast period, backed by growing automobile production in the country. Chopped strands are used to provide reinforcements in the automotive industry. The Indian fiberglass market is oligopolistic in nature with the presence of both global and local players. A large number of players have embraced new technologies for manufacturing the products as per client prerequisites. The players are investing heavily in the R&D to introduce innovative products in the market. Some of the leading players in the Indian fiberglass market are Saint-Gobain India Private Limited, Goa Glass Fibre Limited, U.P. Twiga Fiber Glass Ltd., Owens Corning, among others. Years considered for this report:

Key Topics Covered 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Factors considered while selecting a supplier 4.2. Product awareness and applicability & usage analysis 4.3. Challenges/issues faced post purchase 4.4. Unmet needs 5. India Fiberglass Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Type (Glass Wool; Direct & Assembled Roving; Yarn; Chopped Strand; Others) 5.2.2. By Resin (Thermoset Resins; Thermoplastic Resins) 5.2.3. By Application (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace & Defense, Marine, Others) 5.2.4. By Company 5.2.5. By Region 5.3. Market Attractiveness Index 6. South India Fiberglass Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Resin 6.2.3. By Application 7. West India Fiberglass Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Resin 7.2.3. By Application 8. North India Fiberglass Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Resin 8.2.3. By Application 9. East India Fiberglass Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Resin 9.2.3. By Application 10. Pricing Analysis 11. Supply Chain 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Competitive Landscape 14.1. Competition Outlook 14.2. Company Profiles 14.2.1. Basic Details 14.2.2. Financials (As reported) 14.2.3. Supply Chain Analysis 14.2.4. Key Market Focus and Geographical Presence 14.2.5. Planned Investments 14.2.6. Pricing of Target Products 14.2.7. Market Positioning 14.3. Players Profiled (Leading Companies) 13.3.1 SAINT-GOBAIN INDIA Private Limited 13.3.2 Goa Fiber Glass Private Limited 13.3.3 U.P. Twiga Fiber Glass Ltd. 13.3.4 Owens Corning 13.3.5 Jushi India Pvt. Ltd. 13.3.6 Montex Glass Fibre Indutries Private Limited 13.3.7 JR Fibreglass Industries Pvt. Ltd. 13.3.8 Ventura Fibre 13.3.9 Glassfibre & Allied Industries 13.3.10 PFG Fiber Glass (Kunshan) Co. Ltd. 15. Strategic Recommendations For more information about this report visit https://www.researchandmarkets.com/r/kqgjcc

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