Fiberglass Mold Market Size: Key Player and Analysis Report, In-Depth Study, Future Growth, Share, New Investments
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 global Fiberglass Mold Market report published by Emergen Research assesses the Fiberglass Mold market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Fiberglass Mold market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Fiberglass Mold market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
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
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Emergen Research has segmented the global Fiberglass Mold market on the basis of type, application, end-use, 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 The various regions analyzed in the report include:
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) Key Objectives of the Report:
Analysis and estimation of the Fiberglass Mold Market size and share for the projected period of 2022-2030 Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Fiberglass Mold Market Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/2354