According to a market report by Lucintel, the future of the global glass fiber market looks promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The global glass fiber market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031. The major drivers for this market are the rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Lucintel
forecasts that construction will remain the largest end use industry 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.
Praana Group,
Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Taishan
Fiberglass Inc., Taiwan Glass Group, Nippon Electric Glass Co. Ltd., Sichuan
Weibo. Co. Ltd, Johns Manville Corporation, 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
Dashboard.
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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