Glass Fiber Market: Trends, Opportunities and Competitive Analysis

Glass Fiber Market: Trends, Opportunities and Competitive Analysis

Global Glass Fiber Market Trends and Forecast

The future of the global glass fiber market is attractive with opportunities in various end use industries, marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The Glass fiber market is expected to reach an estimated $17.5 billion by 2027 with a CAGR of 5.7% 2021 to 2027. 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.

Emerging Trends in the Global Glass Fiber Market

Emerging trends, which has a direct impact on the dynamics of the industry, are the innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.

A total of 114 figures / charts and 78 tables are provided in this 187-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the Glass fiber market report, please download the report brochure.

Global Glass Fiber Market by Segment

The study includes trends and forecast for the global glass fiber market by end use, manufacturing process, product type, and region as follows:

Global Glass Fiber Market by End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

• Marine
• Transportation
• Pipe and Tank
• Aerospace
• Construction
• Electrical & Electronics
• Consumer Goods
• Wind Energy
• Others

Global Glass Fiber Market by Manufacturing Process [Volume (M lbs) shipment analysis for 2016 – 2027]:

• Hand Lay-Up
• Spray Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Compression Molding
• Prepreg Layup
• Injection Molding
• Others

Global Glass Fiber Market by Product Type [Volume (M lbs) shipment analysis for 2016 -- 2027]:

• Single End Roving
• Multi End Roving
• Woven Roving
• Fabric
• Chopped Strand Mat
• Continuous Filament Mat
• Others

Global Glass Fiber Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• United Kingdom
• Spain
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Taiwan
• Rest of the World
• Brazil

List of Global Glass Fiber Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies global glass fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the global glass fiber companies profiled in this report include.

• Owens Corning
• Jushi Group Co., Ltd.
• Chongqing Polycomp International Corporation
• Taishan Fiberglass Inc.
• Taiwan Glass Group
• Nippon Electric Glass Co. Ltd.
• Sichuan Weiibo. Co. Ltd
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki Co. Ltd

Global Glass Fiber Market Insight

• Lucintel forecasts that construction will remain the largest end use by value and volume due to the increasing urbanization and construction projects in the developing countries like China and India. Aerospace is expected to witness highest growth over the forecast period.
• Chopped strand will remain the largest product type by value and volume over the forecast period due to its increasing use in automotive applications
• Asia Pacific is expected to remain the largest region by value and volume 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.

Features of Global Glass Fiber Market

• Market Size Estimates: Glass fiber market size estimation in terms of value ($M) and Volume (M lbs).
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Glass fiber market size by various segments, such as end use, manufacturing process, and product type in terms of value and volume.
• Regional Analysis: Glass fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use, manufacturing process, product type, and regions for the glass fiber market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global glass fiber market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the global glass fiber size?

Answer: The global glass fiber is expected to reach an estimated to $17.5 billion by 2027.

Q2. What is the growth forecast for global glass fiber market?

Answer: The Glass fiber market is expected to grow at a CAGR of 5.7% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the global glass fiber market?

Answer: 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.

Q4. What are the major end uses of global glass fiber market?

Answer: Construction and transportation are the major end uses of glass fiber.

Q5. What are the emerging trends of global glass fiber market?

Answer: Emerging trends, which has a direct impact on the dynamics of the industry, includes innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.

Q6. Who are the global glass fiber companies?

Answer: Some of the key global glass fiber companies are as follows:

• Owens Corning
• Jushi Group Co., Ltd.
• Chongqing Polycomp International Corporation
• Taishan Fiberglass Inc.
• Taiwan Glass Group
• Nippon Electric Glass Co., Ltd.
• Sichuan Weiibo. Co. Ltd
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki Co, Ltd.

Q7: In global glass fiber, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layups, injection molding, and others), product type (single end roving, multi end roving, chopped strand mat, fabrics, chopped strand mat, continuous filament mat, chopped strand, and woven roving), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?

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