Press release
Fiber Glass Market to Grow at 6.07% CAGR during 2018-2023 with Global Leading Players like Ahlstrom-Munksjö Oyj, Changshu Jiangnan Glass Fiber, Changzhou Tianma Group, Chongqing Polycomp, Jiangsu Jiuding New Material
Fiber Glass Market
Global Fiber Glass Market Overview:
According to Market Analyst, Global Fiber Glass Market is anticipated to grow at a CAGR of 6.07% by 2023.
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Growth of the Global Fiber Glass Market include the extensive use of fiberglass in the construction industry, use of fiberglass composites by the automotive industry for enhanced performance, and an increasing number of wind turbine installations.
Fibreglass delivers high tensile strength and corrosion and chemical resistance which allows its use across various industries. Additionally, the increasing need for lightweight materials in cars is likely to drive the growth of fibreglass market
Global Fiber Glass Market Segmented into Product Type, Application and Region.
On the Basis of Product Type, Global Fiber Glass Market Splits into Glass Wool, Direct and Assembled Roving, Chopped Strand, Yarn, Others (Milled Fiber, Multi-Axial Fabric, and Mat). Chopped strands are fiberglass strands used to provide reinforcements in the automotive and construction applications. Chopped strands used along with polyester resin produce strong, stiff, and tough laminates used in water tanks, boats, and other industrial applications.
On the Basis of Application, Global Fiber Glass Market Splits into Composites and Glass Wool Insulation. Composites is projected to be the fastest-growing application during the forecast period.
Regionally, The Asia Pacific is estimated to be the largest market for fiberglass in 2017. The increasing demand for fiberglass composites for the manufacture of lightweight vehicles is expected to drive the Asia Pacific fiberglass market.
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Global Fiber Glass market competition by Top Manufacturers
1 Ahlstrom-Munksjö Oyj
2 Changshu Jiangnan Glass Fiber Co., Ltd.
3 Changzhou Tianma Group Co., Ltd.
4 Chongqing Polycomp International Corporation
5 Jiangsu Jiuding New Material Co, Ltd.
6 Johns Manville Corporation
7 Jushi Group Co., Ltd and More………
Geographically, this report is segmented into several key Regions from 2018 to 2023:
1 North America
2 Europe
3 Asia Pacific
4 Middle East and Africa
5 South America
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Key Questions Answered in this Report:
1 What will the market size be in 2023?
2 What are the key factors driving the Fiber Glass Market?
3 What are the challenges to market growth?
4 Who are the key players in the Fiber Glass Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Summary
2 Report Methodology
3 Market Overview
4 Industry Value Chain
5 Competitive Landscape
6 Segmentation by Type
7 Segmentation by Application
8 Regional Perspectives
9 Company Profiles
10 Market Forecast
11 Market Drivers
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