Trends, opportunities and forecast in glass fiber market to 2024 by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), fiber type (E/ECR glass fiber, S glass fiber, C glass fiber and others), product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand layup, spray up, resin infusion, pultrusion, injection molding, compression molding)
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 reach an estimated $10 billion by 2024 with a CAGR of 3.9% from 2019 to 2024.
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"
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…ortunity 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 2013 to 2024):
- Wind energy
- Pipe and Tank
- Electrical and Electronics
- Consumer Goods
By Fiber Type (million pounds and $ million shipment analysis from 2013 to 2024):
- E/ECR Glass fiber
- S Glass fiber
- C Glass Fiber
By Product Type (million pounds and $ million shipment analysis in 2018):
- Single end roving
- Multi end roving
- Woven roving
By Manufacturing Process (million pounds and $ million shipment analysis from 2013 to 2024):
- Hand lay up
- Spray up
- Resin infusion
- Injection molding
- Compression molding
- Prepreg lay up
By Region (million pounds and $ million shipment analysis from 2013 to 2024):
- North America
- Asia Pacific
- The Rest of the World
By Country (Value ($M) and Volume (M lbs) shipment analysis for 2013- 2024):
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