According to the recent study the global 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, etc), manufacturing process (hand lay-up, spray
up, filament winding, pultrusion, etc), product type (single end roving, multi
end roving, DUCS, continuous filament mat, and yarn), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
construction will remain the largest end use by value and volume due to growing
infrastructure development and rising demand for energy-efficient buildings.
Aerospace is expected to witness highest growth over the forecast period.
Single end roving will remain
the largest product type by volume over the forecast period.
Download sample by clicking on glass fiber market.
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 and it is also 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
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unmet needs analysis. We are based in
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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