Glass Fiber Market
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Glass Fiber Market Overview
The report is titled as ‘Glass Fiber Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Glass Fiber market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Glass fiber market is expected to grow with significant rate in the near future.
In 2020, global glass fiber market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
Glass Fiber Introduction
Glass fibers can be understood as the substances developed from an extremely fine fiber of glass which is a non-crystalline matter with a brief-range network framework. Glass fibers are developed from melts and formed in several different combinations by modifying the quantity of raw materials like clay for alumina, sand for silica, colemanite for boron oxide, and calcite for calcium oxide. And thereby, various kinds of glass fibers show various types of performances, for instance, alkali resistance or high mechanical attributes utilizing different amounts of silica or other sources. Glass fibers help in manufacturing fiberglass which is a type of fiber-reinforced plastic and this reinforcement fiber is developed from glass fiber. Therefore, glass fiber has been one of the most versatile industrial materials owing to its useful attributes comprising hardness, transparency, resistance to chemical attack, stability, and inertness and thus, serves in various industries including automobile, aerospace, marine, sporting and leisure goods, and construction and civil engineering. Attributing to which, the global glass fiber market is projected to grow considerably in the following years.
Glass Fiber Market Segmentation
The global glass fiber market is segmented on the basis of product type, fiber type, manufacturing process, application, and region.
By Product Type
Multi End Roving
Woven Roving
Fabrics
Chopped Strand Mat
Continuous Filament Mat
Others
By Fiber Type
S glass fiber
C glass fiber
Others
By Manufacturing Process
Spray Up
Resin Infusion
Pultrusion
Injection Molding
Compression Molding
Prepreg Layups
Others
By Application
Transportation
Pipe and Tank
Aerospace
Construction
Electrical and Electronics
Consumer Goods
Wind Energy
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Glass Fiber Market Key Players
Some of the key participating players in global Glass Fiber market are:
ASAHI FIBER GLASS Co. Ltd
Braj Binani Group
Chongqing Polycomp International Corp. (CPIC)
Johns Manville
China Jushi Co. Ltd
Nippon Electric Glass Co. Ltd
Owens Corning
PFG FIBER GLASS CORPORATION
Saint-Gobain Vetrotex
CTG Group
TAIWAN GLASS IND. CORP.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Glass Fiber
Advantages of Glass Fiber
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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