Glass Fiber Reinforcement Materials Market Report Focusing on Top Companies like Owens Corning, 3B-Fiberglass, Jushi Group, PPG Fiberglass, Taishan Fiberglass, Chongqing Polycomp International Corp (CPIC), Saint-Gobain Vetrotex, & Others
Glass fibers are the most versatile industrial materials known today and are produced from raw materials like silica sand, limestone, and soda ash, which are available in virtually unlimited supply. They exhibit useful properties such as hardness, transparency, resistance to chemical attack, stability, and inertness, and desirable fiber properties such as strength, flexibility, and stiffness. Glass fibers glass fiber reinforcement materials are used to manufacture structural composites, printed circuit boards, and a wide range of special-purpose products.
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The driving factors for global glass fiber market include growth in demand from the construction & transportation industry, exceptional properties of glass fiber over other reinforcement materials, and low cost compared to carbon fiber. However, the recycling and disposal of glass-fiber related products are expected to impede the market growth during the forecast period. Several glass fiber manufacturing companies are making efforts to overcome this restraint in the future by developing in-house facilities for recycling the waste into marketable products. Moreover, the introduction of carbon/glass hybrids for use in industries where carbon fiber use is expensive and developing glass fibers with desired properties of both E- and S-2 glass are expected to create lucrative opportunities for growth in the market.
The roving segment accounted for highest market share in 2015. Fiberglass roving is produced by collecting a bundle of strands into a single large strand, which is wound into a stable and cylindrical package. Filament winding and pultrusion are processes that use single-end roving in continuous form. Applications of fiberglass roving include pipes, tanks, leaf springs, and many other structural composites. Woven roving segment is anticipated to grow at the highest CAGR throughout the forecast period.
Key Findings of Glass Fiber Reinforcement Materials Market:
• The industrial segment is expected to witness the highest growth rate from 2016 to 2022, in terms of both value and volume.
• In 2015, Asia-Pacific generated highest revenue, region-wise, with over one-third share of the global market.
• China accounted for one-fifth of the global market revenue in 2015.
• The construction segment dominated the market in 2015, and is expected to maintain its lead throughout the forecast period.
• In terms of both value and volume, the woven roving segment occupied majority of the market share.
• The construction segment dominated the glass fiber market in 2015, attributed to the exceptional strength, impact resistance, fire resistance, and non-decaying nature of glass fiber. Glass fiber is used in the construction industry for the production of mesh fabrics, self-adhesive tapes, wall coverings, laid scrim, and flooring.
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Asia-Pacific is anticipated to grow with the highest rate during the analysis period, owing to the demand from construction and automotive & aerospace industries and rise in infrastructural activities, especially in developing countries, such as India, China, Korea, and Japan.
Key players operating in the glass fiber market include Owens Corning, 3B-Fiberglass, Jushi Group, PPG Fiberglass, Taishan Fiberglass, Chongqing Polycomp International Corp (CPIC), Saint-Gobain Vetrotex, Asahi Glass, Nippon Electric Glass Co., Ltd., and BASF SE.
Table Of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets, By End-use Industry
3.2.2. Top Winning Strategies
3.2.3. Top Player Positioning
3.3. MARKET DYNAMICS
184.108.40.206. Growing demand for glass fiber from the construction and transportation sector
220.127.116.11. Substitution of heavy metal parts by glass fiber in the aerospace industry
18.104.22.168. Advantages of using glass fiber over other reinforcement materials
22.214.171.124. Environmental issues regarding the recycling of glass fiber products such as GFRP (glass fiber reinforced plastics)
126.96.36.199. Increasing use of glass fiber in wind turbines
188.8.131.52. Development of carbon/glass hybrid structures
3.4. REGULATION ANALYSIS
3.5. PATENT ANALYSIS
3.5.1. Patent Analysis by Year, 2012-2016
3.5.2. Patent Analysis by Geography
3.5.3. Patent Analysis by Company
3.6. PORTERS FIVE FORCES ANALYSIS
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitution
3.6.5. Intensity of Competitive Rivalry
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