Global Fiberglass Mold Market Analysis & Forecast to 2024: Anticipating a CAGR of 8.7% - The Adoption of 3D Printing in Fiberglass Mold Manufacturing Presents Lucrative Opportunities -

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's offering.

The fiberglass mold market size is estimated at USD 309 million in 2019 and is projected to reach USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024.

Fiberglass molds are used in different industries such as wind energy, construction & infrastructure, automotive & transportation, aerospace & defense, and marine industries. They are helpful in providing dimensionally accurate, lightweight, and strong composite materials.

The superior offerings provided by fiberglass molds are enabling its usage in the end-use industries. However, the high cost of raw materials is one of the main factors restraining the growth of the market. The raw materials required are mainly fibers and resins that are comparatively expensive than traditional materials.

Reducing the costs is not feasible, as maintaining the quality of products required for high-end applications is essential. In addition, the manufacturing process of composites is complex. Therefore, extensive R&D is also required at the micro level to achieve economies of scale.

The fiberglass mold market comprises major solution providers such as Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHUTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).

The study includes an in-depth competitive analysis of these key market players, with their company profiles, recent developments, and key market strategies.

Epoxy resin-based fiberglass mold is projected to register the highest CAGR between 2019 and 2024 in terms of value and volume

Epoxy resin-based fiberglass mold holds the largest share in the global market, due to increased demand from wind energy and automotive & transportation end-use industries.

Epoxy resin offers better thermal properties, high strength, and durability. It has better physical, mechanical, and adhesion properties and low shrinkage compared to other resins. These properties enable the epoxy resin-based molds to be widely used in the various end-use industries.

Wind energy is the most prominent end-use industry in the global fiberglass mold market

Wind energy is projected to be the fastest-growing end-use industry, in terms of both value and volume, of fiberglass mold during the forecast period. Fiberglass mold is widely used in manufacturing wind blades. The increasing wind energy installations in APAC, Europe, and North America are bolstering the use of fiberglass molds in the wind energy industry.

Fiberglass molds are helpful in providing dimensionally accurate, lightweight, and strong composite materials. Component fabricators around the world are constantly looking for molds that exhibit tighter tolerances and longer life. This factor drives the demand for fiberglass mold in the wind energy end-use industry.

The fiberglass mold market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024

The fiberglass mold market in APAC is projected to register the highest CAGR, in terms of both value and volume, during the forecast period. This growth can be attributed to the increasing demand for fiberglass molds from wind energy, automotive & transportation, and construction & infrastructure industries.

China is one of the prominent consumers of fiberglass molds in the region. The country has become the single-largest consumer of fiberglass molds in the wind energy industry and is expected to strengthen its position further.

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 Lightweight and Precision Molds for Composite Components

5.1.2 Restraints High R&D and High Cost Involved in the Manufacturing of Fiberglass Molds

5.1.3 Opportunities Adoption of 3D Printing in Fiberglass Mold Manufacturing

5.1.4 Challenges 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

9.3 Europe

9.4 APAC

9.5 MEA

9.6 Latin America

10 Competitive Landscape

10.1 Introduction

10.2 Competitive Leadership Mapping, 2018

10.2.1 Visionary Leaders

10.2.2 Dynamic Differentiators

10.2.3 Emerging Companies

10.2.4 Innovators

10.3 Competitive Benchmarking

10.3.1 Strength of Product Portfolio

10.3.2 Business Strategy Excellence

10.4 Ranking of Key Players, 2018

10.5 Competitive Scenario

10.5.1 Expansion & Investment

10.5.2 Merger & Acquisition

10.5.3 Agreement & Partnership

11 Company Profiles

11.1 Gurit Holding AG

11.2 Dencam Composites

11.3 Norco Composites & Group

11.4 Janicki Industries Inc.

11.5 TPI Composites Inc.

11.6 SCHUTZ 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

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