Glass Fiber Market is anticipated to grow at a CAGR of 4.1% during 2020-2025

The global glass fiber market is projected to reach $10.3 billion by 2025, at a CAGR of 4.1% during 2020-2025. The growth of glass fiber market is driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the glass fiber market by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), fiber type (E/ECR glass fiber, S glass fiber, C glass fiber and others), product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand layup, spray up, resin infusion, pultrusion, injection  molding, compression molding, prepreg layups, and others), fiber type (E/ ECR glass fiber, S glass fiber, C glass fiber and others), country (the USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, Taiwan, and Brazil), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the glass fiber market?

Q.4 What are some changing demands of customers in the glass fiber market?

Q.5 What are the new developments in the glass fiber market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this glass fiber area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this glass fiber market?

Emerging trends, which have a direct impact on the dynamics of the industry, include cost optimization and performance enhancement of glass fibers.

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Market Segmentation:

Based on fiber type, the glass fiber market is segmented into E/ECR glass fiber, S glass fiber, C glass fiber and others. The E/ECR glass segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.

Asia Pacific is expected to be the largest region with the highest growth 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.

Key Players in the glass fiber market are Owens Corning, Jushi, Nippon Electric Glass Co. Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Johns Manville, Nittobo, Goa Glass Fiber Ltd, Taiwan Glass Group, and Sichuan Weibo New Material Group Co., Ltd. and others. 

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/glass-fiber-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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