Fiberglass Market Forecast 2027 - Projected Growth & Opportunities
The global fiberglass market is expected to grow at a steady rate during the forecast period. The global fiberglass market is driven by the growing demand for cleaner forms of energy. This has increased the installation of wind turbines to generate electricity. Fiberglass is extensively used in making wind turbine blades. This in turn is expected to positively influence the market growth through 2027. Additionally, properties such as high tensile strength, lightweight, corrosion-resistant properties, and aesthetic value, among others of fiberglass are further expected to increase in demand through 2027. These properties have increased the use of fiberglass in various end-user industries such as automotive, aerospace, building & construction, oil & gas, and water & wastewater, among others. However, the high cost of fiberglass can hamper the market growth during the forecast period. Also, the availability of substitutes such as carbon fiber and aluminum c...