According to a research survey conducted by ChemView Consulting, in 2022, the Global Glass fiber Market was worth US$ 19.0 Bn and is expected to grow at a CAGR of 5.0% over the forecast period. The market is expected to hit US$ 28.1 Bn by 2030 end.
Glass fibers are one of the most versatile industrial materials, consisting of several incredibly fine glass strands.
Glass fibers have desired bulk features such as hardness, transparency, chemical resistance, stability, and inertness, as well as desirable fiber attributes such as strength, flexibility, and stiffness.
Glass Fiber Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Glass Fibre growth during the next eight years
- Assessment of the historical and current Global Glass fiber Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the Global Cosmetic Ingredients across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/glass-fiber-market/
Key Takeaways
By Glass Type: The E-glass category had most of the fiberglass market share and is expected to keep this trend going during the forecast period. E-glass products are extremely resistant to abrasion and vibration and have high flexibility. E-Glass is commonly utilized in marine, industrial, and aerospace applications.
E- glass provides an excellent cost-performance ratio. During the forecast period, the market is expected to be driven by the increased use of environmentally friendly fiber.
By Application: Composites had the most market share in 2019 and are expected to increase at a 7.0% CAGR over the forecast period. Composites are artificially generated multiphase materials designed to have an advantageous blend of several materials. Composites often intend to be materials with high-strength fibers inserted in or bonded to a matrix with different interfaces.
By Region: During the projection period, Asia Pacific is expected to be the fastest-growing market for fiberglass. In 2020, the Asia-Pacific fiberglass market was worth $11.2 billion. The rising emphasis on emission control policies and the growing demand for eco-friendly products has led to scientific developments in composites. The substitution of fiberglass for traditional materials such as steel and aluminum is contributing to the growth of the Asia Pacific fiberglass market.
Competition Summary
The glass fiber market is highly consolidated. Market-based firms appear to be focused on retaining product differentiation, resulting in significant investments in R&D operations.
Local manufacturers are incorporating cutting-edge technology into their brands to attract clients and succeed in the general market. Manufacturers are observed focusing on increasing product quality and developing strong production and export networks to acquire a competitive advantage.
Key companies covered in the market study are China Jushi Co., Ltd., Owens Corning, Nippon Electric Glass Co., Taishan Fiberglass Inc., Chongqing Polycomp International Corp., Johns Manville Corp., Binani 3B-the Fibreglass Company, Taiwan Glass Ind. Corp., PFG Fiber Glass (Kunshan) Co., Ltd., Asahi Fiberglass Co., Ltd., Knauf Insulation and Saint-Gobain Vetrotex.
Segments Covered in Report
By Glass Type:
- E-Glass
- ECR-Glass
- S-Glass
- AR-Glass
- H-Glass
- Others
- A-Glass
- C-Glass
- D-Glass
- T-Glass
By Resin Type:
- Thermoset Resin
- Thermoplastic resin
By Product Type:
- Glass Wool
- Direct and Assembled Roving
- Yarn
- Chopped Strand
- Others
- Milled Fibers
- Multiaxial Fabrics
By Application:
- Composites
- Construction & Infrastructure
- Automotive
- Wind Energy
- Electronics
- Aerospace
- Others (Marine, Consumer Goods, Healthcare, and Agriculture)
- Insulation
- Residential Construction
- Non-residential Construction
- Industrial
- Others (HVAC and OEM Insulations)
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
About ChemView Consulting’s Chemicals & Materials Domain
ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
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