Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.23 Billion | USD 3.53 Billion | 5.2% | 2023 |
According to a report from Zion Market Research, the global Fiberglass Sunscreen Market was valued at USD 2.23 Billion in 2023 and is projected to hit USD 3.53 Billion by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Fiberglass Sunscreen Market industry over the next decade.
The report offers an assessment and analysis of the Fiberglass Sunscreen market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Fiberglass sunscreen offers protection against moisture, folding, abrasion, winding, and unwinding. In addition to this, large-scale use of fiberglass sunscreens in buildings as the insulating agent will create lucrative avenues for fiberglass sunscreen business in the years ahead. Apparently, fiberglass is utilized for producing vehicle & aircraft body parts due to its lightweight as well as high-strength features. Massive awareness about sustainable energy sources will increase deployment of wind turbines as well as solar panels, thereby propping up the growth of the fiberglass sunscreen industry.
Massive use of fiberglass in production of blades of wind turbines will drive fiberglass sunscreen market trends. In addition to this, utilization of fiberglass in consumer products, as well as electronic goods, will steer the expansion of fiberglass sunscreen industry during forecast period. Apparently, large-scale spending on interior designing and a bulging population resulting in an increase in construction activities will steer the fiberglass sunscreen industry growth. Additionally, surge in per capita income of consumers will create new growth avenues for the fiberglass sunscreen market over the forecast timespan.
Furthermore, swift urbanization leading to surge in household numbers will impel fiberglass sunscreen market growth during forecast period. Growth of ecommerce industry has resulted in massive sale of fiberglass sunscreens via online & offline retail channels, thereby propelling growth of fiberglass sunscreen industry. Apart from this, spread of COVID pandemic and need for minimizing warehousing, logistics, and supply chain costs has led to rise in online retail sale of the product, thereby enhancing size of fiberglass sunscreen market. Moreover, fiberglass sunscreens have lesser impact on environment & can be recycled and hence have increased market demand. Large-scale product usage in green buildings for reducing GHG emissions in atmosphere along with its use for reducing AC & heating charges will boost market growth.
Report Attributes | Report Details |
---|---|
Report Name | Fiberglass Sunscreen Market |
Market Size in 2023 | USD 2.23 Billion |
Market Forecast in 2032 | USD 3.53 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 135 |
Key Companies Covered | Phifer, Luxaflex, APLUS, Mermet Corporation, Changzhou Bestex Technical Textile CO., Ltd., Fulltech Fiber Glass Corporation, Helioscreen, Groupeve, WUXI EV Window Decoration Co.,Ltd., Hongyuan Environtech Co., Ltd. |
Segments Covered | By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Dominate Overall Market Growth By 2032
The regional market growth over forecast timeline is owing to rise in spending on renovations & refurbishments by people in the U.S. and Canada. Apart from this, need for interior designing & decorations in residential & commercial buildings will drive regional market trends. Large-scale presence of key participants in the sub-continent will add lucratively to market size in region over the assessment period.
Key participants profiled in study include
By Application
By Region
FrequentlyAsked Questions
Massive use of fiberglass in production of blades of wind turbines will drive fiberglass sunscreen market trends. In addition to this, utilization of fiberglass in consumer products as well as electronic goods will steer expansion of fiberglass sunscreen industry during forecast period. Apparently, large-scale spending on interior designing and bulging population resulting in increase in construction activities will steer fiberglass sunscreen industry growth. Additionally, surge in per capita income of consumers will create new growth avenues for fiberglass sunscreen market over forecast timespan.
According to Zion market research report, the global Fiberglass Sunscreen Market was valued at USD 2.23 Billion in 2023 and is projected to hit USD 3.53 Billion by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032.
North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to rise in spending on renovations & refurbishments by people in the U.S. and Canada. Apart from this, need for interior designing & decorations in residential & commercial buildings will drive regional market trends. Large-scale presence of key participants in the sub-continent will add lucratively to market size in region over the assessment period.
The key market participants include Phifer, Luxaflex, APLUS, Mermet Corporation, Changzhou Bestex Technical Textile CO., Ltd., Fulltech Fiber Glass Corporation, Helioscreen, Groupeve, WUXI EV Window Decoration Co., Ltd., and Hongyuan Environtech Co., Ltd.
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