Chemicals and Materials Fiberglass Mold Market New | Page 2

The increased demand for wind turbine installation is expected to boost the demand for
fiberglass molds for blade manufacturing further.
Epoxy resin-based fiberglass molds are expected to dominate the global Fiberglass
Mold Market in 2019.
Epoxy resin is widely used for fiberglass molds. The epoxy resin-based Fiberglass Mold
Market is estimated to account for a major share, in terms of value and volume, of the
overall market in 2019. Epoxy resins are thermoset resins known for their excellent
mechanical, electrical, and high heat resistance properties. They have better physical,
mechanical, and adhesion properties and low shrinkage compared to other resins.
APAC is expected to be the largest market for fiberglass mold during the forecast
period.
APAC is the largest Fiberglass Mold Market, in terms of both value and volume. China,
Japan, India, South Korea, Australia are the fast-growing economies that contribute to the
growth of the market in the region. The booming wind energy and automotive &
transportation industries are bolstering the market for fiberglass mold in the region. APAC
accounted for the largest number of wind energy installations globally in 2018, which has
created demand for fiberglass molds in the region.
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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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