Press release
High Performance Glass Fiber Market Strategy, Share, Growth Factors, Analysis and Forecast to 2027 - PPG Industries, Johns Manville, AGY Holding
The High Performance Glass Fiber market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights High Performance Glass Fiber market research report recommends a business strategy for present market participants to strengthen their position in the market.The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Saint-Gobain Vetrotex, PPG Industries, Johns Manville, AGY Holding, Nippon Electric Glass, Owens Corning, Taishan Fiberglass, CHONGQING POLYCOMP INTERNATIONAL CORP, Jiangsu Jiuding New Material, Jushi Group
The Global High Performance Glass Fiber Market Size is Projected to Reach at a CAGR of 8.99% during 2021-2027.
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Market Overview
Over the medium term, the major factor driving the growth of the market studied is a high demand from the construction industry.
On the flip side, the low-profit margin on sales and competition from carbon fiber and Rockwool has restrained the growth of the glass fiber market during the forecast period.
The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Covid-19 Impact and Recovery Analysis:
The number one goal of this High Performance Glass Fiber Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this High Performance Glass Fiber market document.
High Performance Glass Fiber market Segmentation By Type:
Continuous Fiber
Fixed Length Fiber
Glass Wool
High Performance Glass Fiber market Segmentation By Application:
Reinforced Material
Electrical Insulating Materials
Heat Preservation Material
Other
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Key Market Trends
Building and Construction Industry to Increase the Demand for Glass Fiber
Glass fiber is used as eco-friendly construction material in the form of glass-fiber reinforced concrete (GRC). The GRC impart buildings with a solid appearance without causing weight and environmental distresses.
Glass-fiber reinforced concrete weighs 80% less than precast concrete. Moreover, the manufacturing process doesn’t compromise on the durability factor.
Using glass fiber in the cement mix reinforces the material with corrosion-proof sturdy fibers, which make GRC long-lasting for any construction requirement. Owing to the lightweight nature of GRC, the construction of walls, foundations, panels, and cladding becomes much easier and quicker.
Regional Analysis:
Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the market for glass fiber during the forecast period.
The Asia-Pacific construction sector is the largest in the world, and it is increasing at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization in the countries China, India, and Japan.
Thus, the growing construction industry, especially the commercial building sector, is increasing the demand for glass fiber and is expected to drive the market during the forecast period.
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Recent Developments
In August 2020, Jushi developed E9 ultra-high-modulus glass fiber that exceeds 100GPa to fully support the development of large-scale and lightweight wind turbine blades. At the same time, Jushi's glass fiber intelligent manufacturing has been continuously promoted in the three major east, middle, and west bases, and the production efficiency has been greatly improved, and the product quality and product performance have been significantly improved, leading to the improvement of the competitiveness of the main material of wind turbine blades.
In November 2019, Jushi India Fiberglass (P) Ltd announced its plan to start production at its plant in Maharashtra with a capacity of 1,00,000 MT in 2020-2021. The company's product portfolio consists of all types of fiberglass raw materials like direct roving, assembled roving, chopped strand, chopped strand mat, woven roving, yarn, etc.
Significant Features and Key Highlights of the Reports:
– Detailed overview of High Performance Glass Fiber Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of High Performance Glass Fiber Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the High Performance Glass Fiber industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the High Performance Glass Fiber marketplace in the during the forecast period?
Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the High Performance Glass Fiber market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization: -
The Global High Performance Glass Fiber Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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