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Glass fiber Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Owens Corning, Jushi Group, Taishan Fiberglass

15 Jun, 2022 | 131 Pages
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The global Glass fiber Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.2% during the review period (2022 to 2027)



Glass fiber Market Overview



Glass fibers are the materials made from the very fine fiber of glass which is a non-crystalline material with a short-range network structure. Glass fibers have mechanical properties nearly equal to other fibers, such as polymers and carbon fibers. Glass fiber material has properties such as high durability, flexibility, lightweight, sound absorption, thermal conductivity, and electrical performance. It is extensively in building materials due to its lightweight, fireproof, anti-corrosive, and good strength properties. Non-synthetic materials, such as panels, pipes, channels, and façade, also utilize glass fibers in several applications. Based on manufacturing process, the global glass fiber market is divided into transportation, marine, pipeline, & tank, construction, aircraft, electricity, wind power, consumer goods, and other systems. In addition, due to low signal input and RF detection, glass fiber is extensively used in the communication industry. Glass fiber is used as an eco-friendly material in the form of Glass-Fiber Reinforced Concrete (GRC). GRC provides buildings with a solid look without causing weight and environmental issues. So, there is great need for glass, carbon, aramid, and UHMWPE fiber-based composites in aerospace & defense, car & transportation, energy wind, and glass & industrial. Growth in the use of glass-fiber reinforced concrete acts as driving force for the market.



Industry News



In August 2020, Jushi developed E9 ultra-high modulus glass fiber that exceeds 100GPa to fully support the development of large-scale and lightweight wind turbine blades. At the same time, Jushi's glass fiber intelligent manufacturing has been continuously promoted in the three major east, middle, and west bases, and the production efficiency has been greatly improved, and the product quality and product performance have been significantly improved, leading to the improvement of the competitiveness of the main material of wind turbine blades.



In June 2020, Vetrotex announced their recent purchase of Valmiera’s manufacturing facility in Dublin, GA. This investment will strengthen the company's presence in America.



What are the major Applications, Types and Regions for Glass fiber Market?



By Type, it is segmented into




  • General-Purpose Glass Fibers

  • Special-Purpose Glass Fibers

  •  Others



By Applications it is segmented into




  • Construction

  • Transportation

  • Industrial

  • Consumer

  • Wind Power

  • Others



Glass fiber Market Regional Analysis



Asia-Pacific dominates the glass fiber reinforced plastics composites market because of growing consumption of glass fiber reinforced plastics composites in various industries such as wind energy, construction and infrastructure, electrical and electronics and transportation.China is in the midst of a construction mega-boom. The country has the maxbuilding market in the world, making up 20% of all construction investment globally. The country alone is expected to spend nearly USD 13 trillion on buildings by 2030. According to National Development and Reform Commission (NDRC), the Shanghai plan includes the investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion.



North America






    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Glass fiber Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Glass fiber Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Glass fiber Market Report Scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 5.2% during the review period (2022 to 2027).



By Type




  • General-Purpose Glass Fibers

  • Special-Purpose Glass Fibers

  • Others



By Application




  • Construction

  • Transportation

  • Industrial

  • Consumer

  • Wind Power

  • Others



By Companies



Owens Corning, Jushi Group, Taishan Fiberglass (Sinoma), CPIC, Saint-Gobain Vetrotex, PPG Industries, Nippon Electric Glass, Johns Mansville, Nittobo, Advanced Glassfiber Yarns, Binani-3B, Sichuan Weibo, Jiangsu Jiuding, Lanxess, Changzhou Tianma, Ahlstrom



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



131



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 





Key Takeaways from this Glass fiber Report




  • Evaluate Glass fiber market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Glass fiber market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



FAQ -



What is the study period of this market?



The Glass fiber Market is studied from 2017 - 2027.



 What is the growth rate of Glass fiber Market?



The Glass fiber Market is growing at a CAGR of 5.2% over the next 5 years.



What regions does this Glass fiber Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH

      4. RESEARCH FLOW





  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL GLASS FIBER MARKET BY TYPES

    3. GLOBAL GLASS FIBER MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR GLASS FIBER



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. GLASS FIBER GROWTH

      2. APPLICATION OF GLASS FIBER



    4. IMPACT OF COVID 19



  5. GLOBAL GLASS FIBER MARKET, BY TYPES

    1. Introduction

    2. General-Purpose Glass Fibers

    3. Special-Purpose Glass Fibers

    4. Other            



  6. GLOBAL GLASS FIBER MARKET, BY APPLICATION

    1. Introduction

    2. Construction

    3. Transportation

    4. Industrial

    5. Consumer

    6. Wind Power

    7. Others   



  7. GLOBAL GLASS FIBER MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Owens Corning,

      2. Jushi Group,

      3. Taishan Fiberglass (Sinoma),

      4. CPIC,

      5. Saint-Gobain Vetrotex,

      6. PPG Industries,

      7. Nippon Electric Glass,

      8. Johns Mansville,

      9. Nittobo,

      10. Advanced Glassfiber Yarns,

      11. Binani-3B,

      12. Sichuan Weibo,

      13. Jiangsu Jiuding, Lanxess,

      14. Changzhou Tianma,

      15. Ahlstrom





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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