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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

04-22-2019 08:40 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Glass Fiber Reinforcement Materials Market

Glass Fiber Reinforcement Materials Market

Glass Fiber Reinforcement Materials Market was valued at $8,468 million in 2015, and is expected to reach $14,084 million by 2022, growing at a CAGR of 7.6% from 2016 to 2022.

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

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models


3.2.1. Top Investment Pockets, By End-use Industry
3.2.2. Top Winning Strategies
3.2.3. Top Player Positioning
3.3.1. Drivers Growing demand for glass fiber from the construction and transportation sector Substitution of heavy metal parts by glass fiber in the aerospace industry Advantages of using glass fiber over other reinforcement materials
3.3.2. Restraints Environmental issues regarding the recycling of glass fiber products such as GFRP (glass fiber reinforced plastics)
3.3.3. Opportunities Increasing use of glass fiber in wind turbines Development of carbon/glass hybrid structures
3.5.1. Patent Analysis by Year, 2012-2016
3.5.2. Patent Analysis by Geography
3.5.3. Patent Analysis by Company
3.6.1. 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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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.


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