According to the recent study the glass fiber market is projected to reach an estimated $15.4 billion by 2028 from $12.2 billion in 2022, at a CAGR of 4.0% from 2022 to 2028. Growth in this market is primarily driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Browse 104 figures/charts and 78 tables in this 219-page report to understand trends,
opportunities and forecast in 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 Rest of the World).
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https://www.lucintel.com/glass-fiber-market.aspx
“Electrical and electronics market is
expected to remain the largest segment during the forecast period.”
Based on end use, the
glass fiber market is segmented into marine, transportation, pipe and tank,
aerospace, construction, electrical and electronics, consumer goods, wind
energy, and others. Lucintel forecasts that electrical and electronics will
remain the largest end use by value and volume due to the growing market of
communication devices are driving the demand for high performance PCBs which
significantly drives the glass fiber market. Wind energy is expected to witness
highest growth over the forecast period
“Within the glass fiber market, the chopped strand segment is
expected to remain the largest product type.”
Based on product type
the chopped strand segment is expected to witness the highest growth over the
forecast period due to its increasing use in automotive applications.
“Asia pacific will dominate the glass fiber market in near future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/glass-fiber-market.aspx.
Major players of glass
fiber market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. 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,
and Nitto Boseki Co. Ltd are among the major glass fiber providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/glass-fiber-market.aspx or helpdesk@lucintel.com.
About Lucintel
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solutions for you growth through game changer ideas and robust market &
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TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are
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Director of Client Engagements
Lucintel
Dallas, Texas, USA
Cell: 210-878-7693
roy.almaguer@lucintel.com
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