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Global Fiberglass Market for Aerospace Industry 2017-2021

Global Fiberglass Market for Aerospace Industry 2017-2021

About Fiberglass

Fiberglass is a composite material, which is widely used in the aerospace industry for its lightweight and eco-friendly nature. It is made of glass fiber reinforced plastics. Fiberglass is a fiber reinforced polymer, which is made of plastics and reinforced with glass fibers in a continuous stranded fashion. The plastic may be a thermoset plastic (mostly epoxy, polyester, or vinyl ester) or a thermoplastic. Glass fibers are made from various categories of glass, depending on the end-use. Glass fibers have silica or silicate along with some amount of oxides of calcium, magnesium, and boron. Fiberglass is lightweight and strong. It is not as strong as a carbon fiber but stronger than many metals. Its raw materials are comparatively cheaper than those of carbon fiber composites.

Technavio’s analysts forecast the global fiberglass market for aerospace industry to grow at a CAGR of 4.86% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fiberglass market for aerospace industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Fiberglass Market for Aerospace Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Braj Binani Group
  • Jushi Group
  • PPG Industries
  • Saint-Gobain
  • China Beihai Fiberglass
Other prominent vendors
  • Advanced Composites
  • ADVANCED Fiberglass Industry
  • Composite Engineering & Design (C.E.D.)
  • KCC
Market driver
  • Demand for aircraft weight reduction and fuel efficiency.
  • For a full, detailed list, view our report
Market challenge
  • High acquisition and operation cost of autoclave systems.
  • For a full, detailed list, view our report
Market trend
  • Implementation of composites in jet engines and aircraft interiors.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Fiberglass Market for Aerospace Industry 2017-2021

Technavio recognizes the following companies as the key players in the global fiberglass market for aerospace industry: Braj Binani Group, Jushi Group, PPG Industries, Saint-Gobain, and China Beihai Fiberglass.

Other Prominent Vendors in the market are: Advanced Composites, ADVANCED Fiberglass Industry, Composite Engineering & Design (C.E.D.), and KCC.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is implementation of composites in jet engines and aircraft interiors. Since the market for commercial air transport has been growing rapidly, the jet engines used in commercial aircraft account for a huge market value. Therefore, importance is being given to fuel efficiency, weight reduction, and increased performance efficiency of these engines.”

According to the report, one driver in market is demand for aircraft weight reduction and fuel efficiency. Fiberglass has a high strength-to-weight ratio, providing a weight saving of 20%-50% more than metal alloys. Its specific strength and modulus are higher than many other metallic alloys. Therefore, though fiberglass is lightweight, it provides the necessary strength required in aerospace applications. Fiberglass is used in aircraft to provide strong and lightweight body parts. Boeing, in its 787 Dreamline, used fiberglass as the main material in the airframe. By volume, it had 80% composites. The 787 Dreamline was 20% to 40% lighter in weight than other commercial planes. This low weight has resulted in a cut down in fuel consumption by approximately 40%. Also, Airbus A350XWB uses 53% composites such as fiberglass in airplane parts to reduce weight and fuel consumption.

Further, the report states that one challenges in market is complex design process. Although fiberglass is more desirable than metals, its use poses issues in damage tolerance and delamination and design challenges. Metals exhibit plasticity, which makes them capable of undergoing deformation (bend or stretch) under high loads before they break. This property of metals makes them more suitable to handle small impacts and loads with little reduction in the basic strength of the structure. The high plasticity of metals allows them to distribute the loads on the structure, saving them from conditions of permanent structural failure. However, fiberglass exhibits little to no plasticity. Thus, even small impacts could cause local damage to the composite matrix, leading to weakening of the structure. High loads and stress concentration in fiberglass can result in sudden structural failure as the load is not distributed as in metals.

Companies Mentioned

Braj Binani Group, Jushi Group, PPG Industries, Saint-Gobain, China Beihai Fiberglass, Advanced Composites, ADVANCED Fiberglass Industry, Composite Engineering & Design (C.E.D.), and KCC.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Market overview
  • Market landscape
    • Global fiberglass market for aerospace industry
      • Table Global fiberglass market for aerospace industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global fiberglass market for aerospace industry 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global fiberglass market for aerospace industry by application 2016
    • Table Global fiberglass market for aerospace industry by application 2021
    • Global fiberglass market for aerospace structural parts
      • Table Global fiberglass market for aerospace structural parts 2016 and 2021 ($ millions)
      • Table Market forecast: Global fiberglass market for aerospace structural parts 2016-2021
    • Global fiberglass market for aerospace flooring, closets, cargo liners, and seating
      • Table Global fiberglass market for aerospace flooring, closets, cargo liners, and seating 2016 and 2021 ($ millions)
      • Table Market forecast: Global fiberglass market for aerospace flooring, closets, cargo liners, and seating 2016-2021
    • Global fiberglass market for aerospace luggage bins and storage racks
      • Table Global fiberglass market for aerospace luggage bins and storage racks 2016 and 2021 ($ millions)
      • Table Market forecast: Global fiberglass market for aerospace luggage bins and storage racks 2016-2021
    • Global fiberglass market for other aerospace materials
      • Table Global fiberglass market for other aerospace materials 2016 and 2021 ($ millions)
      • Table Market forecast: Global fiberglass market for other aerospace materials 2016-2021
  • Geographical segmentation
    • Table Global fiberglass market for aerospace industry by geography 2016
    • Table Global fiberglass market for aerospace industry by geography 2021
    • Fiberglass market for aerospace industry in APAC
      • Table Fiberglass market for aerospace industry in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Fiberglass market for aerospace industry in APAC 2016-2021
    • Fiberglass market for aerospace industry in EMEA
      • Table Fiberglass market for aerospace industry in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: Fiberglass market for aerospace industry in EMEA 2016-2021
    • Fiberglass market for aerospace industry in Americas
      • Table Fiberglass market for aerospace industry in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Fiberglass market for aerospace industry in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key regions
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key regions
      • Table Impact of challenges
  • Market trends
    • Implementation of composites in jet engines and aircraft interiors
    • Projected growth trend in aircraft manufacturing
  • Vendor landscape
    • Competitive scenario
      • Table Global fiberglass market for aerospace industry: Key vendors
    • Braj Binani Group
      • Table Braj Binani Group: Business segmentation by revenue 2015
      • Table Braj Binani Group: Geographic segmentation by revenue 2015
    • Jushi Group
      • Table Jushi Group: Product segmentation
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016
      • Table PPG Industries: Geographic segmentation by revenue 2016
    • Saint-Gobain
      • Table Saint-Gobain: Business segmentation by revenue 2016
      • Table Saint-Gobain: Geographical segmentation by revenue 2016
    • China Beihai Fiberglass
      • Table China Beihai Fiberglass: Product segmentation
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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