South America Glass Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Fiber Type (E/ECR-Glass Fiber, S-Glass Fiber, C-Glass Fiber, and Others), Product Type (Single-End Roving, Multi-End Roving, Woven Roving, and Others), Application (Marine, Transportation, Aerospace, Construction, Electrical and Electronics, Consumer Goods, and Others), and Manufacturing Process (Hand Lay Up, Spray Up, Prepreg Lay Up, Injection Molding, Compression Molding, Resin Infusion, and Others)
Market Introduction
SAM includes countries such as Brazil, Argentina, and the rest of SAM. SAM is another region contributing to the growth of glass fiber concerning the diversification of the application base. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population and continuous advancement in the end-use industries such as automotive, construction and others have positively impacted Brazil and Argentina's glass fiber market that has advanced to a large extent. The increase in population and continuous advancement in the end-use industries such as manufacturing, automotive, and others is expected to drive the market growth in the region. The recent structural reforms in SAM has led to a decrease in the interest rates as well as controlled the inflation which has basically made a way for the economy to recover which has increased the investment opportunities in SAM. Due to this reason, industries such as automotive, electronics, manufacturing have seen a rise in investment which has increased the performance level in these industries, and hence, there has been an increase in the demand for glass fiber from these industries. It is considered that with the increasing presence of global and local market players, coupled with increasing research and development activities, the glass fiber market will find immense opportunities in the coming years. The rise in investment in research & development activities, along with technological innovation related to glass fiber, is also fueling the growth of the market.
In case of COVID-19, SAM is highly affected specially Brazil which got the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained. As a result of this outbreak, the chemical and materials industry across SAM region is one of the major industries experiencing severe disruptions such as supply chain disruptions, technology event cancellations, office shutdowns, and so on.
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Market Overview and Dynamics
The SAM glass fiber market is expected to grow from US$ 950.38 million in 2020 to US$ 1,199.94 million by 2027; it is estimated to grow at a CAGR of 3.4% from 2020 to 2027. The escalating demand of fiberglass composites from the automotive industry is expected to surge the market growth. The automotive industry uses number of materials such as iron, aluminum, plastic, steel, and glass to build cars and other vehicles. Fiberglass composite is extensively used as a substitute for aluminum and steel due to its lightweight, high tensile strength, and superior corrosion resistance. All these properties of fiberglass composite are important in automobile manufacturing. Fiberglass composites are utilized in the production of several vehicle parts, especially of sports cars, where weight is crucial. They are mainly used in front and rear bumpers, doors, hoods, and casings. They are also used in the timing belts and V-belts, where glass strings are impregnated with rubber as reinforcement. Fiberglass is also used in vehicle tire reinforcement. Fiberglass reinforced tire provides a greater resistance to damage, better stability, lower reinforcement cost, and a good overall performance in long distance driving. This material is also used in brake pads and clutches, owing to its high abrasion resistance. Fiberglass composites are utilized in the manufacturing of parts for trains and trams. Almost the entire outer body of some modern trains and buses is made of fiberglass composites. They are also used utilized in creation of interior parts. Higher strength-to-weight ratio and great fire resistance properties have made them suitable for high-speed applications. In addition, stringent regulations have been imposed on the automotive industry to reduce carbon dioxide emissions. This has encouraged the industry to introduce fuel-efficient lightweight vehicles to help reduce greenhouse gas emissions. Vehicles built using fiberglass composites deliver higher mileage and enhance fuel efficiency. Thus, the rising demand for lightweight materials, along with government initiatives to reduce the harmful gas emissions and increase fuel efficiency, is expected to drive the SAM glass fiber market in automotive applications.
Key Market Segments
In terms of fiber type, the E/ECR glass fiber segment accounted for the largest share of the SAM glass fiber market in 2019. In terms of product type, the others segment held a larger market share of the SAM glass fiber market in 2019. In terms of application, the transportation segment held a larger market share of the SAM glass fiber market in 2019. Further, the compression molding segment held a larger share of the SAM glass fiber market based on manufacturing process in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM glass fiber market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are China Jushi Co., Ltd.; Chongqing Polycomp International Corp. (CPIC); Owens Corning; SAINT GOBAIN S.A.; and Taishan Fiberglass Inc. (CTG)
Reasons to buy report
- To understand the SAM glass fiber market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM glass fiber market
- Efficiently plan M&A and partnership deals in SAM glass fiber market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM glass fiber market
- Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.
SAM Glass Fiber Market Segmentation
SAM Glass Fiber Market - By Fiber Type
- E/ECR-Glass Fiber
- S-Glass Fiber
- C-Glass Fiber
- Others
SAM Glass Fiber Market - By Product Type
- Single-End Roving
- Multi-End Roving
- Woven Roving
- Others
SAM Glass Fiber Market - By Application
- Marine
- Transportation
- Aerospace
- Construction
- Electrical and Electronics
- Consumer Goods
- Others
SAM Glass Fiber Market - By Manufacturing Process
- Hand Lay Up
- Spray Up
- Prepreg Lay Up
- Injection Molding
- Compression Molding
- Resin Infusion
- Others
SAM Glass Fiber Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Glass Fiber Market - Company Profiles
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Owens Corning
- SAINT GOBAIN S.A.
- Taishan Fiberglass Inc. (CTG)
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Glass Fiber Market, by Fiber Type
1.3.2 SAM Glass Fiber Market, by Product Type
1.3.3 SAM Glass Fiber Market, by Application
1.3.4 SAM Glass Fiber Market, by Manufacturing Process
1.3.5 SAM Glass Fiber Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. SAM Glass Fiber Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Expert Opinions
5. SAM Glass Fiber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand of Glass Fibers from Construction Industry
5.1.2 Escalating Demand of Fiberglass Composites from the Automotive Industry
5.2 Market Restraints
5.2.1 Accessibility of Alternatives
5.3 Market Opportunities
5.3.1 Mounting Development of Advanced Glass Fibers for the Wind Energy Industry
5.4 Future Trends
5.4.1 Burgeoning Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites
5.5 Impact Analysis
6. Glass Fiber Market– SAM Analysis
6.1 SAM Glass Fiber Market Overview
6.2 SAM Glass Fiber Market Forecast and Analysis
7. SAM Glass Fiber Market Analysis – By Fiber Type
7.1 Overview
7.2 SAM Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027
7.3 E/ECR-Glass Fiber
7.3.1 Overview
7.3.2 E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.4 S-Glass Fiber
7.4.1 Overview
7.4.2 S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.5 C-Glass Fiber
7.5.1 Overview
7.5.2 C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8. SAM Glass Fiber Market Analysis – By Product Type
8.1 Overview
8.2 SAM Glass Fiber Market Breakdown, By Product Type, 2019 & 2027
8.3 Single-End Roving
8.3.1 Overview
8.3.2 Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.4 Multi-End Roving
8.4.1 Overview
8.4.2 Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.5 Woven Roving
8.5.1 Overview
8.5.2 Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9. SAM Glass Fiber Market Analysis – By Application
9.1 Overview
9.2 SAM Glass Fiber Market Breakdown, By Application, 2019 & 2027
9.3 Marine
9.3.1 Overview
9.3.2 Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.5 Aerospace
9.5.1 Overview
9.5.2 Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.6 Construction
9.6.1 Overview
9.6.2 Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.7 Electrical and Electronics
9.7.1 Overview
9.7.2 Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.8 Consumer Goods
9.8.1 Overview
9.8.2 Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10. SAM Glass Fiber Market Analysis – By Manufacturing Process
10.1 Overview
10.2 SAM Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027
10.3 Hand Lay Up
10.3.1 Overview
10.3.2 Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.4 Spray Up
10.4.1 Overview
10.4.2 Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.5 Prepreg Lay Up
10.5.1 Overview
10.5.2 Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.6 Injection Molding
10.6.1 Overview
10.6.2 Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.7 Compression Molding
10.7.1 Overview
10.7.2 Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.8 Resin Infusion
10.8.1 Overview
10.8.2 Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.9 Others
10.9.1 Overview
10.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
11. SAM Glass Fiber Market – Country Analysis
11.1 Overview
11.1.1 SAM: Glass Fiber Market, By Key Country
11.1.1.1 Brazil: Glass Fiber Market – Revenue and Forecast To 2027 (Us $ Mn)
11.1.1.1.1 Brazil: Glass Fiber Market, By Fiber Type
11.1.1.1.2 Brazil: Glass Fiber Market, By Product Type
11.1.1.1.3 Brazil: Glass Fiber Market, By Application
11.1.1.1.4 Brazil: Glass Fiber Market, By Manufacturing Process
11.1.1.2 Argentina: Glass Fiber Market – Revenue and Forecast To 2027 (US $ Mn)
11.1.1.2.1 Argentina: Glass Fiber Market, By Fiber Type
11.1.1.2.2 Argentina: Glass Fiber Market, By Product Type
11.1.1.2.3 Argentina: Glass Fiber Market, By Application
11.1.1.2.4 Argentina: Glass Fiber Market, By Manufacturing Process
11.1.1.3 Rest Of SAM: Glass Fiber Market – Revenue and Forecast To 2027 (US $ Mn)
11.1.1.3.1 Rest Of SAM: Glass Fiber Market, By Fiber Type
11.1.1.3.2 Rest OF Sam: Glass FIBER Market, BY Product Type
11.1.1.3.3 Rest Of SAM: Glass Fiber Market, By Application
11.1.1.3.4 Rest Of SAM: Glass Fiber Market, By Manufacturing Process
12. Impact of COVID-19 Pandemic on SAM Glass Fiber Market
12.1 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Product News
13.2 Mergers and Acquisitions
13.3 Strategy and Business Planning
14. Company Profiles
14.1 Chongqing Polycomp International Corp. (CPIC)
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 China Jushi Co., Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Owens Corning
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 SAINT GOBAIN S.A.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Taishan Fiberglass Inc.(CTG)
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. SAM Glass Fiber Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. Brazil Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 3. Brazil Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 4. Brazil Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 5. Brazil Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 6. Argentina Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 7. Argentina Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 8. Argentina Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 9. Argentina Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Rest of SAM Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Rest of SAM Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 12. Rest of SAM Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 13. Rest of SAM Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Glossary of terms
LIST OF FIGURES
Figure 1. SAM Glass Fiber Market Segmentation
Figure 2. SAM Glass Fiber Market Segmentation – By Country
Figure 3. SAM Glass Fiber Market Overview
Figure 4. E/ECR-Glass Fiber Segment Held Larger Share of SAM Glass Fiber Market in 2019
Figure 5. Brazil Dominated the SAM Glass Fiber Market in 2019
Figure 6. PEST Analysis for SAM Glass Fiber Market
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. SAM Glass Fiber Market Forecast and Analysis, (US$ Mn)
Figure 9. SAM Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027 (%)
Figure 10. SAM E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 11. SAM S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 12. SAM C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 13. SAM Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 14. SAM Glass Fiber Market Breakdown, By Product Type, 2019 & 2027 (%)
Figure 15. SAM Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 16. SAM Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 17. SAM Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 18. SAM Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 19. SAM Glass Fiber Market Breakdown, By Application, 2019 & 2027 (%)
Figure 20. SAM Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 21. SAM Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 22. SAM Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 23. SAM Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 24. SAM Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 25. SAM Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 26. SAM Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 27. SAM Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027 (%)
Figure 28. SAM Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 29. SAM Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 30. SAM Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 31. SAM Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 32. SAM Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 33. SAM Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 34. SAM Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 35. SAM: Glass Fiber Market, by Key Country – Revenue (2019) (USD Million)
Figure 36. SAM: Glass Fiber Market Revenue Share, By Key Country (2019 & 2027)
Figure 37. Brazil: Glass Fiber Market – Revenue and Forecast To 2027 (US $ Mn)
Figure 38. Argentina: Glass Fiber Market – Revenue and Forecast To 2027 (US $ Mn)
Figure 39. Rest Of SAM: Glass Fiber Market – Revenue and Forecast To 2027 (US $ Mn)
Figure 40. Impact of COVID-19 Pandemic in SAM Country Markets
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Owens Corning
- SAINT GOBAIN S.A.
- Taishan Fiberglass Inc. (CTG)
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM glass fiber market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM glass fiber market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the glass fiber market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution