High-Performance Glass Fiber Market is Likely to Reach US$ 390.6 Million Over the Next Five Years

Stratview Research has launched a new research report on High-Performance Glass Fiber Market report segments the market in five ways to provide a 360-degree holistic view.
The forecast of the market size has been segmented by-
• End Use Industry: (Aerospace and Defense, Sporting Goods, Automotive, and Others),
• Usage Type (Polymer Composites and Non Polymer Composites),
• Region
o North America
o Europe
o Asia – Pacific
o Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of High-Performance Glass Fiber Market.
Years considered for this report -
• base year 2018
• trend period 2012 – 2017
• forecast period 2018 - 2023

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High-Performance Glass Fiber Market: Highlights & Drivers
The high-performance glass fiber market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 390.6 million in 2023. High specific strength and modulus than E-glass fiber and lower cost than other advanced fibers, such as carbon fiber make it a preferred material for high-performance applications. Increasing automotive production and aircraft deliveries, and increasing high-performance fiber penetration in performance-driven applications, such as helicopter blade and ballistic armor, are the key growth drivers of the high-performance glass fiber market.
High-performance fibers were developed for military applications during 1960’s and are known by various names, such as S-glass in the USA, R-glass in Europe, and T-glass in Japan. It has a tensile strength of approximately 700 KSI and tensile modulus of up to 14 MSI. High-performance glass fiber is 40% to 70% stronger than E-glass fiber due to higher silica oxide, aluminum oxide, and magnesium oxide content than E-glass fiber. The usage of high-performance glass fibers is in very niche applications in aerospace & defense, automotive, sporting goods, wind energy, and other industries.

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Aerospace & Defense is projected to remain the largest segment
The high-performance glass fiber market is segmented based on the end-use industry type as Aerospace & Defense, Sporting Goods, Automotive, Wind Energy, Electrical & Electronics, and Others. Aerospace & Defense is projected to remain the largest segment during the forecast period, propelled by increasing production rates of key composites rich aircraft, such as B787 and A350XWB; upcoming commercial and regional aircraft; and increasing production of military vehicles. The automotive segment is likely to exhibit the highest growth over the next five years. The prime growth driver of the market is the increasing penetration of advanced composites in the structural section of vehicles with the purpose to make the vehicle lightweight to achieve the stringent government regulations, such as CAFÉ standards.

Based on the regions, North America is projected to remain the largest market for high-performance glass fiber over the next five years. The region is the manufacturing hub of the aerospace & defense industry with the presence of several small- to large-sized OEMs, tier players, and high-performance glass fiber manufacturers. High-performance glass fiber market in Asia-Pacific is relatively smaller but is likely to witness the highest growth during the forecast period. Upcoming commercial & regional aircraft, increasing defense spending, the highest automotive production, the highest wind turbine installations, and the highest PCB production are the major growth drivers of the Asia-Pacific’s market.

Top Key Players
The high-performance glass fiber market is highly consolidated with the presence of less than a dozen players. The key high-performance glass fiber manufacturers are AGY Holdings, Owens Corning Corporation, CPIC Fiberglass, Nittobo, and 3B Fibreglass. New product development, collaboration with customers, and long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology
This report studies the global BMI prepreg market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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