Glass Fiber Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The glass fiber market is projected to register a CAGR of over 4% during the forecast period.
COVID-19 adversely affected the building and construction industry in 2020 owing to lockdown regulations, shortage of labor, production halt, etc. This, in turn, affected the glass fiber market, as building and construction is a major end-user industry for glass fibers. However, the demand from the industry recovered in 2021 and is likely to grow in the coming years.
Key HighlightsThe glass fiber market is consolidated in nature. Some of the major players in the market include (not in any particular order) Owens Corning, Saint-Gobain Vetrotex, Johns Manville, Nippon Electric Glass Co., Ltd., and China Jushi Co., Ltd., among others .
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