Materials & Chemicals Market Research News

Fiber glass market expected reach USD 19.4 billion by 2023 according to market forecasts

Materials & Chemicals Research

The Global Fiber Glass Market represents its costing, production, scope to increase its demand by 2023 year. Fiber Glass Market Report is based on Global key findings, Regional analysis, Growth factors and others. The Report helps to fasten the business across the globe and provides in-depth information.

GLOBAL FIBERGLASS MARKET was valued at USD 13.5 Billion in the year 2017. Global Fiberglass Market Make an Inquiry about this news is further estimated to grow at a CAGR of 6.16% from 2018 to reach USD 19.4 Billion by the year 2023.

Asia-Pacific region holds the highest market share in 2017 and it is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China holds a notable market share in 2017 and India is projected to grow at a gradual rate in the coming years.

PPG Industries, Inc. (U.S.), Owens Corning (U.S.), Nippon Electric Glass Co., Ltd. (Japan), Taiwan Glass Ind. Corp.

(Taiwan), China Jushi Co., Ltd. (China), CertainTeed Corporation (U.S.) are some of the key players in the Fiberglass market with PPG Industries, Inc.

holding considerable market share because of its better global presence both at production and at an operational level.

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Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in the last 5 years.

Drivers:

             Rising demand from the construction industry

             Cost-effective production of fiberglass in developing countries

Restraints:

             Reutilization of glass wool

Opportunities:

             Development in the wind energy industry

Challenges:

             Mass production of Fiberglass

Segmentation on the basis of the application includes Construction & Infrastructure, Wind Energy, Aerospace, Electronics, and Industrial of which the Wind Energy segment is expected to hold the highest market share during the forecast period.

Construction & Infrastructure segment of this market is also expected to grow at the highest CAGR of XXX during the year 2018-2023.

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Key Benefits for Stakeholders

Fiberglass Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries

Regulatory bodies, policy actors, and consumers.

By Application

Construction & Infrastructure

Wind Energy

Aerospace

Electronics

Industrial

Others

By Glass Fiber

A-Glass

E-Glass

S-Glass

Others

By Type

Direct and Assembled Roving

Glass Wool

Yarn

Chopped Strand

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

PPG Industries, Inc. (U.S.)

Owens Corning (U.S.)

Nippon Electric Glass Co., Ltd. (Japan)

Taiwan Glass Ind. Corp. (Taiwan)

China Jushi Co., Ltd. (China)

CertainTeed Corporation (U.S.)

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