[111 Pages Report] The Fiberglass Mold Market is projected to grow from USD 309 million in 2019 to USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024. The market is growing due to the high demand from wind energy, construction & infrastructure, automotive & transportation, aerospace & defense, and marine industries.
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Wind energy is an important end-use industry for a fiberglass mold. Wind blade molds are manufactured with sandwich construction with composite materials. The fiberglass molds are the most widely used molds for manufacturing composites wind blades. Increasing demand for renewable energy sources for generating electricity and falling wind energy costs are expected to increase the installation of wind turbines during the forecast period.
APAC is a key fiberglass mold market. The booming industries including wind energy, automotive & transportation, and construction & infrastructure are responsible for the growth of the fiberglass mold market in the region. China is one of the prominent consumers of fiberglass mold in the region.
The major players in the Fiberglass Mold Market include Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).
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