Glass Fiber Market

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

Single End Roving

Multi End Roving

Woven Roving

Fabrics

Chopped Strand Mat

Continuous Filament Mat

Others

By Fiber Type

E/ECR glass fiber

S glass fiber

C glass fiber

Others

By Manufacturing Process

Hand Layup

Spray Up

Resin Infusion

Pultrusion

Injection Molding

Compression Molding

Prepreg Layups

Others

By Application

Marine

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:

AGY

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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