According to the recent study the high performance glass fiber market is projected to reach an estimated $242 million by 2030 from $183 million in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for high stiffness, lightweight, low styrene emission and environment regulations which are driven in high performance applications.
Browse 127 figures/charts
and 101 tables in this 179-page report to understand trends, opportunities and
forecast in high performance glass fiber market by end use (aerospace &
defense, pressure vessel, electrical and electronics, sporting goods, civil
engineering, automotive, wind energy, and marine, and others), product type
(S-glass, R-glass, T-glass and others), product form (roving, chopped and
yarn), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
“Aerospace and defense market is expected to remain the largest
segment during the forecast period.”
Based on end use, the
high performance glass fiber market is segmented into aerospace & defense,
pressure vessel, electrical and electronics, sporting goods, civil engineering,
automotive, wind energy, and marine, and others. Lucintel forecasts that the
aerospace and defense market is expected to remain the largest segment due to
increasing demand for lighter aircraft to increase fuel economy by lowering
operating cost.
“Within the high performance glass fiber market, the S-glass
segment is expected to remain the largest product type.”
Based on product type
the S-glass segment is expected to witness the highest growth over the forecast
period due to increasing penetration of S-glass in aerospace and defense
applications for strength, fiber toughness, tensile and compressive modulus and
impact resistance.
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high performance glass fiber market
“North America will dominate the high performance glass fiber
market in near future.”
North America is
expected to remain the largest region over the forecast period due to
manufacturing hub of the aerospace & defense industry with the presence of
several small- to large-sized OEMs, tier players, and high-performance glass
fiber manufacturers.
Major players of high
performance 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. AGY
Holding, Owens Corning, 3B Fiber Glass Company, Vetrotex, Taishan Fiberglass
Inc., and Chongqing Polycomp International Corporation are among the major high
performance 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 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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