The fiberglass industry is being propelled by the increasing demand for lightweight and durable materials across various sectors, including automotive, construction, and aerospace. Fiberglass’s exceptional strength-to-weight ratio makes it an ideal choice for manufacturers looking to reduce vehicle weight while maintaining structural integrity. Additionally, the construction industry’s growing preference for fiberglass-reinforced products, such as panels, pipes, and …
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Fiberglass Market Set to Soar: Projected Value Surges to US$ 19,028.50 million by 2034
The fiberglass market is poised for significant growth, with its value projected to increase from US$ 11,356.30 million in 2024 to US$ 19,028.50 million in 2034. This forecast corresponds to a CAGR of 5.30% over the period. The fiberglass industry is being propelled by the increasing demand for lightweight and durable materials across various sectors, …