DALLAS, TX / ACCESSWIRE / November 17, 2020 / According to a new market report published by Lucintel, the future of the global glass fiber market is promising with opportunities in the transportation, construction, pipe and tank, electrical and electronics, consumer goods, and wind energy industry. The global glass fiber market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.3 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Browse 101 market data tables and 148 figures spread through 240 pages and in-depth TOC on 'Global Glass Fiber Market'
To download report brochure, please go to https://www.lucintel.com/glass-fiber-market.aspx and click ' download brochure ' tab from the menu.
In this market, different types of glass fiber such as E/ECR glass fiber, S glass fiber, C glass fiber and others are used as fiber type. On the basis of its comprehensive research, Lucintel forecasts that E (ECR) glass will remain the largest fiber type by value and volume over the forecast period.
Within the global glass fiber market, transportation will remain the largest market by value and volume over the forecast period due to government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight.
Asia Pacific is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.
Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, include cost optimization and performance enhancement of glass fibers. Owens Corning, Jushi, Nippon Electric Glass Co. Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Johns Manville, Nittobo, Goa Glass Fiber Ltd, Taiwan Glass Group, and Sichuan Weibo New Material Group Co., Ltd. And others are among the major glass fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global glass fiber market by application type, fiber type, product type, manufacturing process, region, and country and has come up with a comprehensive research report entitled 'Growth Opportunities in the Global Glass Fiber Market 2020-2025: Trends, Forecast, and Opportunity Analysis.' The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global glass fiber market by application type, fiber type, product type, manufacturing process, region, and country as follows:
By Application Type (million pounds and $ million shipment analysis from 2014 to 2025):
- Wind energy
- Pipe and Tank
- Electrical and Electronics
- Consumer Goods
By Fiber Type (million pounds and $ million shipment analysis from 2014 to 2025):
- E/ECR Glass fiber
- S Glass fiber
- C Glass Fiber
By Product Type (million pounds and $ million shipment analysis in 2019):
- Single end roving
- Multi end roving
- Woven roving
By Manufacturing Process (million pounds and $ million shipment analysis from 2014 to 2025):
- Hand lay up
- Spray up
- Resin infusion
- Injection molding
- Compression molding
- Prepreg lay up
By Region (million pounds and $ million shipment analysis from 2014 to 2025):
- North America
- Asia Pacific
- The Rest of the World
By Country (Value ($M) and Volume (M lbs) shipment analysis from 2014 to 2025):
This 240-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Dallas, Texas, USA
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