United States Fiberglass Market 2026

Published: October 2020 Published: March 2021 Published: December 2020 Published: March 2021 Published: February 2021 2015 – 2025 2016 – 2026 UNITED STATES FIBERGLASS MARKET – FORECAST AND OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MMAARRKKEET T IINNTETELLLLIIGGEENNCCEE .. CCOONNSSUULTLTIINNGG MARKET INTELLIGENCE . CONSULTING 1 MMMAAARRRKKKEEET T T IIINNNTETETELLLLLLIIIGGGEEENNNCCCEEE ... CCCOOONNNSSSUUULTLTLTIIINNNGGG MARKET INTELLIGENCE . CONSULTING

Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID 19 on United States Fiberglass Market 4. Executive Summary 5. Voice of Customer 5.1. Brand Awareness 5.2. Factors Influencing Purchase Decision 5.3. Customer Satisfaction 5.4. Major Challenges Faced Post Purchase 6. United States Fiberglass Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.1.2. By Volume 6.2. Market Share & Forecast 6.2.1. By Type (Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others) 6.2.2. By Glass Fiber Type (E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others) 6.2.3. By Resin (Thermoset Resins and Thermoplastic Resins) 6.2.4. By Application (Composites and Glass Wool Insulation) 6.2.5. By End User Industry (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace & Defense, Others) 6.2.6. By Top 10 States 6.2.7. By Company (2020) 6.3. United States Fiberglass Product Market Map © TechSci Research 2

Table of Contents S. No. Contents 7. United States E-Glass Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.1.2. By Volume 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Resin 7.2.3. By Application 7.2.4. By End User Industry 8. United States S-Glass Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.1.2. By Volume 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Resin 8.2.3. By Application 8.2.4. By End User Industry 9. United States C-Glass Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.1.2. By Volume © TechSci Research 3

Table of Contents S. No. Contents 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Resin 9.2.3. By Application 9.2.4. By End User Industry 10. United States A-Glass Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.1.2. By Volume 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Resin 10.2.3. By Application 10.2.4. By End User Industry 11. United States R-Glass Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.1.2. By Volume 11.2. Market Share & Forecast 11.2.1. By Type 11.2.2. By Resin 11.2.3. By Application 11.2.4. By End User Industry © TechSci Research 4

Table of Contents S. No. Contents 12. United States AR-Glass Market Outlook 12.1. Market Size & Forecast 12.1.1. By Value 12.1.2. By Volume 12.2. Market Share & Forecast 12.2.1. By Type 12.2.2. By Resin 12.2.3. By Application 12.2.4. By End User Industry 13. Market Dynamics 13.1. Drivers 13.2. Challenges 14. Market Trends and Developments 15. Policy and Regulatory Landscape 16. Pricing Analysis 17. Import Export Analysis 18. United States Economic Profile 19. Competition Outlook 19.1. Company Profiles 19.1.1. Owens Corning 19.1.2. Johns Manville Corporation 19.1.3. Saint Gobain North America 19.1.4. CertainTeed Corporation © TechSci Research 5

Table of Contents S. No. Contents 19.1.5 AGY Holding Corp. 19.1.6. PPG Industries, Inc. 19.1.7. Jushi USA Corporation 19.1.8. Knauf Insulation 19.1.9. American Fiberglass Corporation 19.1.10. Quietflex Manufacturing Co., L.P. 20. Strategic Recommendations 21. Additional Customization 21.1. Breakdown of the US Market by Fiberglass Type in 50 US States 21.2. Breakdown of the US Market by Type in 50 US States 21. About Us & Disclaimer © TechSci Research 66

Product Overview 7

Product Overview Product of Interest: Fiberglass Fiberglass is a reinforced plastic material which is composed of a woven material that is embedded with glass fibers which are randomly laid across each other and held together with a binding substance. Fiberglass is combined with resins to form an extremely strong and durable composite. Fiberglass can be flattened into a sheet called a strand mat, or woven into a fabric. Fiberglass can be used in various sectors including construction, housing, automotive, aviation, marine, electronics, among others. Market Segmentation BY APPLICATION BY TYPE UNITED STATES FIBERGLASS • Glass Wool • Composites MARKET • Direct & Assembled Roving • Glass Wool Insulation • Yarn BY END USER INDUSTRY Year Range • Chopped Strand • Construction & • Others Infrastructure BY GLASS FIBER TYPE • Automotive Review Period • E-Glass • Wind Energy 2016 – 2019 • A-Glass • Electronics • S-Glass • Aerospace & Defense Base Year • AR-Glass • Others 2020 • C-Glass BY STATE Estimated Year • R-Glass • Texas • Michigan • Others 2021 • California • Nevada BY RESIN • Illinois • Ohio Forecast Period • Thermoset Resins • New York • North 2022 – 2026 • Thermoplastic Resins • Florida Carolina • Washington • Others © TechSci Research 88

Product Overview Product of Interest: Fiberglass • A-Glass : A-glass fiber, alkali-lime or soda lime glass is a broken glass fiber which is broken and ready to break. They can be boron doped or unadulterated. Alkaline oxide compounds are present in their composition of not less than 0.8%. • C- Glass : It is a type of fiberglass containing calcium borosilicate which provides structural equilibrium in corrosive environments. The pH value of the chemicals that are contacted provides high resistance to fiberglass. • E- Glass : It is aluminum boron silicate fiberglass containing alkali oxide components such as aluminum oxide, less than 1% or less than 0.8%. So it contains very little alkali. It is the most widely used glass fiber formula in the world. Although developed for electronic applications, they are used in many areas today. • AR-Glass: Alkali Resistant Glass Fibers are specially designed for concrete construction. They contain alkaline zirconium silicates. They are effective in preventing concrete cracking and are also used for asbestos changes. They are easily added to stainless steel and concrete mixtures. • R, or S Glass: These glass fibers are trade names of equivalent fibers having better tensile strength and modulus than E-type glass fibers. Higher acidic strength and wetting properties are obtained with a smaller filament diameter. These are developed for the aerospace and defense industries and are used in rigid ballistic armor applications. © TechSci Research 99

Research Methodology 10

Research Methodology Market Formulating Developing List of Data Data Data Profiling Questionnaire Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine overall market interviews, TechSci specialists was industry experts and and secondary tools and internal size , segmental market formulated a detailed developed. industry players for research was proprietary database to size. and top players in the discussion guide. data collection and validated through obtain qualitative and United States fiberglass verification. rigorous quantitative insights about market. triangulation. United States fiberglass market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business Leaders ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution ✓ Questionnaire Design Aspects/Dynamics ✓ In-depth Interviews ✓ Government Policies ✓ Conclusion Primary Research Secondary Research Paid Sources ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body © TechSci Research 1111

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the United States fiberglass market. The team has analyzed the outlook for various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the United States fiberglass market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the United States fiberglass market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016-2020. © TechSci Research 1212

Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by type, by glass fiber type, by resin, by application, by end user industry, by state and by company. Removing the outlier responses, the geometric mean of growth estimates and comoany wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from the response received from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by type, by glass fiber type, by resin, by application, by end user industry, by state and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading fiberglass players in the United States. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the United States fiberglass market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. © TechSci Research 1313

Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the United States fiberglass market, TechSci Research used various forecast techniques such as: o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Partial List of Companies Owens Corning, Johns Manville Corp., Saint-Gobain North America, CertainTeed Corporation, Interviewed AGY Holding Corp, PPG Industries, Inc., Jushi USA Corporation, Knauf Insulation, American Fiberglass Corporation, Quietflex Manufacturing Co., L.P. Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List of Secondary Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. Sources Note: Sum of some shares may not be 100% due to round off till two decimal places. © TechSci Research 1414

Industry Brief According to TechSci Research report, “United States Fiberglass Market, By Type (Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others), By Glass Fiber Type (E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others), By Resin (Thermoset Resins and Thermoplastic Resins), By Application (Composites and Glass Wool Insulation), By End User Industry (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace & Defense, Others), By Top 10 States, Competition, Forecast & Opportunities, 2016-2026F”, the United States Fiberglass Market is forecast to grow at a rate of 4.85% to reach USD3105.63 million by 2026. Growth in the market can be attributed to the growing construction & infrastructure industry. The United States Fiberglass Market has been primarily influenced by increasing expenditure on interior decoration, rising renovation activities and frequent changes in fiberglass fabric to complement the decor. The rising automotive industry is also accelerating the demand for fiberglass across the United States as it is used in manufacturing of light-weight vehicles due to its higher strength-to-weight ratio. All these factors have resulted in a positive impact on the United States Fiberglass Market. The United States Fiberglass Market is segmented based on type, glass fiber type, resin, application, and end user industry, by top 10 states, by company. In terms of the type, the market can be segregated into Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others. Out of these, the glass wool segment registered a dominant market share in 2020. The increasing use of glass wool in thermal and electrical insulation applications in the building and infrastructure sector will drive the sales of glass wool in the forecast period. Another usage of glass wool is in the attic of the building to maintain the temperature inside the building. This is further anticipated to boost the market of glass wool in the United States Fiberglass Market. Based on Glass Fiber Type, the market is segmented into E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others. The E Glass segment dominated the United States Fiberglass Market in 2020 as products made of E-Glass are particularly resistant to abrasion and vibration and have excellent flexibility. Moreover, E-glass fiber is widely used in aerospace applications pertaining to its dimensional stability and temperature resistance. In terms of application, the market is segmented into Composites and Glass Wool Insulation. Composites dominated the United States Fiberglass Market in 2020 owing to the growing use of composites in a wide array of end-use industries. Fiberglass composites are extensively used as a substitute for aluminum and steel in the manufacturing of lightweight vehicles in the automotive industry, which is expected to further improve its sale across the United States. Owens Corning, Johns Manville Corporation, Saint Gobain North America, CertainTeed Corporation, AGY Holding Corp., PPG Industries, Inc., Jushi USACorporation, Knauf Insulation, American Fiberglass Corporation, Quietflex Manufacturing Co., L.P. etc. are among the leading players operating in the United States Fiberglass Market. Companies operating in the market are using organic strategies, partnerships and collaborations to boost their shares in the United States Fiberglass Market. Significant players in the market are concentrating on accomplishing ideal operational expenses, upgrading the system efficiency, enhancing precision in responses, boosting productivity with high funding in R&D, and merging with small players to support the competitive United States Fiberglass Market. “The desirable characteristics of fiberglass such as water proofing, corrosion resistance, non-conductivity and radio frequency transparency are expected to create profitable opportunities for the growth of the United States Fiberglass Market. Moreover, the use of fiberglass contributes to green design of a building as its use in HVAC systems helps in the reduction of air conditioning and heating costs. Also, they are recyclable and cause less damage to the environment. Therefore, the increasing infrastructure and development activities are expected to boost the growth of the United States Fiberglass Market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. © TechSci Research 1515

Sample Data - Snapshot United States Fiberglass Market Size, By Value (USD Million), 2016-2026F CAGR 2016-2020 CAGR 2021E-2026F By Value: xx% By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) United States Fiberglass Market Share, By Glass Fiber Type, By Value, 2016-2026F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F E-Glass 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% S-Glass 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% C-Glass 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% A-Glass 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% R-Glass 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% AR-Glass 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% Montana Fiberglass Market Share, By Type, By Value, 2016-2026F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Glass Wool 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Direct & Assembled Roving 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Chopped Strand 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Yarn 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% © TechSci Research 1616

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