According to the recent study the glass fiber market is projected to reach an estimated $15 billion by 2030 from $12 billion in 2023 at a CAGR of 3% from 2023 to 2030. 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).
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.
Chopped strand will
remain the largest product type by value and volume over the forecast period
due to its increasing use in automotive applications
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Asia Pacific is expected
to remain the largest region by value and volume over the forecast period
because of growth in construction, pipe and tanks, 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. ROW is expected to witness the highest growth over the forecast
period.
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
the major suppliers in the glass fiber market.
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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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