The global fiberglass mold market size was USD 396.87 Million in 2022 and is expected to register a rapid revenue CAGR of 7.4% during the forecast period. Rapid incorporation of fiberglass mold in manufacturing cost intensive light weight automotive components is a key factor driving market revenue growth. Fiberglass molds are sourced to manufacture various lightweight automotive Original Equipment Manufacturers (OEM) and aftermarkets components, such as body panels, bumpers, interior components, customized grills, owing to their capabilities including high durability, corrosion resistance, and cost intensive manufacturing. Globally, various automotive Electric Vehicle (EV) OEMs and aftermarket component companies are significantly procuring lightweight fiberglass molded components to develop and assemble lightweight components into final vehicle. According to the International Energy Association (IEA), EV sales exceeded to 10 million in 2022. The share of EV in total sales tripled in last three years, from 4% in 2020 to 14% in 2022. In addition, fiberglass molds are highly cost effective in terms of manufacturing, therefore automotive aftermarket companies are significantly adopting fiberglass molding technology in designing customized components such as interior panels, outer body panels, and other structural elements.
The research methodologies used for evaluating the Fiberglass Mold market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility. The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Competitive Terrain:
The global Fiberglass Mold industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Dencam Composite A/S, CRP TECHNOLOGY S.R.L., Toray Industries, Inc., Norco GRP, Molded Fiber Glass Companies, KraussMaffei Technologies GmbH, BÜFA Composite Systems GmbH Co. KG, TPI Composites, Inc., and BLG Fiberglass Manufacturing
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Fiberglass Mold market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Fiberglass Mold market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Fiberglass Mold market.
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Market Segmentations of the Fiberglass Mold Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Fiberglass Mold market on the basis of product, application, and region:
Segments Covered in this report are:
Resin Type Outlook (Revenue, USD Million; 2019-2032)
- Polyester Resin
- Vinyl Ester Resin
- Epoxy Resin
- Phenolic Resin
- Others
Mold Type Outlook (Revenue, USD Million; 2019-2032)
- Open Mold
- Closed Mold
- Injection Mold
- Others
End-use Outlook (Revenue, USD Million; 2019-2032)
- Automotive
- Furniture
- Marine and Boat
- Household
- Electronics and Electrical
- Others
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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