Press release
Global Glass Fibers Market Set to Soar: Projections Reveal Massive Growth by 2034
Glass Fibers
Growth in generation of wind energy is fueling the glass fibers market value. Lightweight and strong glass fiber-reinforced composites (GFRCs) are widely used to manufacture turbine blades. Surge in electrification of transport sector is also propelling the glass fibers market development.
The global industry, valued at US$ 16.1 billion in 2023, is projected to experience significant growth over the next decade. With an estimated Compound Annual Growth Rate (CAGR) of 7.6% from 2024 to 2034, the industry is expected to reach a substantial value of US$ 116.7 billion by the end of 2034. This forecast indicates a strong upward trajectory for the industry, suggesting considerable expansion and opportunities for growth in the coming years.
Download Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4049&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh
Market Segmentation:
By Service Type:
Manufacturing
Distribution
Consulting
By Sourcing Type:
Virgin Glass Fibers
Recycled Glass Fibers
By Application:
Composites
Insulation
Optical Fibers
By Industry Vertical:
Construction
Automotive
Aerospace
Wind Energy
Marine
Electronics
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Regional Analysis: Asia-Pacific is expected to dominate the market, with China and India leading in production and consumption. North America and Europe will maintain significant market shares due to their established aerospace and automotive industries.
Market Drivers and Challenges: Drivers:
Growing demand for lightweight materials in automotive and aerospace sectors
Increasing construction activities in developing countries
Rising adoption of wind energy solutions
Challenges:
Volatility in raw material prices
Environmental concerns related to glass fiber production
Competition from alternative materials like carbon fibers
Market Trends:
Shift towards sustainable and eco-friendly manufacturing processes
Development of high-performance specialty glass fibers
Increased use of glass fiber-reinforced plastics in 3D printing
Future Outlook: The glass fibers market is poised for continued growth, with innovations in manufacturing technologies and new application areas driving expansion. The industry is likely to see increased focus on recycling and sustainability to address environmental concerns.
Key Market Study Points:
Emerging applications in 5G infrastructure and medical devices
Impact of geopolitical factors on global supply chains
Role of glass fibers in achieving energy efficiency goals
Competitive Landscape: The market is characterized by the presence of several large multinational corporations and regional players. Key strategies include mergers and acquisitions, product innovations, and geographical expansion.
Recent Developments:
Advancements in nano-engineered glass fibers for enhanced performance
Increasing collaborations between glass fiber manufacturers and end-user industries
Growing investments in R&D for developing bio-based glass fibers
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=4049<ype=S&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh
More Trending Reports by Transparency Market Research -
Polyfluoroalkyl Substances (PFAS) Waste Management Market - (폴리플루오로알킬 물질 (PFAS) 폐기물 관리 시장) https://www.transparencymarketresearch.com/polyfluoroalkyl-substances-pfas-waste-management-market.html
Zinc-air Batteries Market - (아연공기 배터리 시장) https://www.transparencymarketresearch.com/zin-cair-batteries-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Glass Fibers Market Set to Soar: Projections Reveal Massive Growth by 2034 here
News-ID: 3607497 • Views: …
More Releases from transparencymarketresearch
Global Liquid Alloys Market to Reach USD 822.2 Million by 2035 as Demand for Hig …
The Liquid Alloys Market Outlook 2035 reveals strong future growth fueled by increasing demand across electronics, thermal management, robotics, and advanced manufacturing applications. Valued at USD 143.1 Mn in 2024, the global market is projected to reach USD 822.2 Mn by 2035, expanding at an impressive CAGR of 17.3% from 2025 to 2035. This momentum is driven by the unique properties of liquid alloys-such as high thermal conductivity, flexibility, and…
Global Metal Powder Market to Reach USD 14.9 Billion by 2034 Driven by Strong Ma …
The Metal Powder Market Outlook 2034 indicates steady growth driven by expanding applications in additive manufacturing, automotive components, metallurgy, and electronics. Valued at USD 9.0 Bn in 2023, the global metal powder industry is projected to reach USD 14.9 Bn by 2034, growing at a CAGR of 4.6% from 2024 to 2034. This momentum is supported by increasing adoption of metal 3D printing, rising demand for lightweight and high-performance materials,…
Wind Turbine Decommissioning Market to Surge to USD 6.1 Billion by 2034 as Aging …
The Wind Turbine Decommissioning Market Outlook 2034 highlights a rapidly expanding sector driven by the aging fleet of wind turbines, stricter sustainability regulations, and the growing focus on recycling and repowering projects. Valued at USD 796.3 Mn in 2023, the global market is projected to reach USD 6.1 Bn by 2034, registering an impressive CAGR of 21.0% from 2024 to 2034. This surge is fueled by the increasing need to…
Global Polyhydroxyalkanoate Market to Reach USD 481.7 Million by 2034 Driven by …
The Polyhydroxyalkanoate (PHA) Market Outlook 2034 reflects accelerating growth driven by rising demand for sustainable and biodegradable plastics across packaging, agriculture, and biomedical applications. Valued at USD 212.8 Mn in 2023, the global PHA market is projected to reach USD 481.7 Mn by 2034, expanding at a strong CAGR of 7.6% from 2024 to 2034. This growth is supported by increasing environmental regulations, growing consumer preference for eco-friendly materials, and…
More Releases for Glass
Depression Glass Market 2023- Industry Revenue and Price | Hazel-Atlas Glass Com …
The Depression Glass market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Auto Glass Market Is Booming Worldwide | Fuyao Glass, Webasto, Xinyi Glass, Asah …
Advance Market Analytics published a new research publication on "Auto Glass Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Auto Glass market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Glass Easy-clean Glass Market 2019| Pilkington Glass, PPG Industries, Ravensby W …
The global market status for Easy-clean Glass is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Easy-clean Glass Market” Research Report 2019, which tends to deliver in-depth knowledge associated to the Easy-clean Glass market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and…
Global Ground Glass Market 2017- CSG, XINYI Glass, JINJING Glass, SYP Glass, Yao …
The market research report by QY Research provides detailed study on the overall Ground Glass market size, its financial positions, its unique selling points, key products, and key developments. This research report has segmented the Ground Glass market based on the segments covering all the domains in terms of type, country, region, forecasting revenues, and market share, along with analysis of latest trends in every sub-segment.
CLICK HERE to Request Sample…
Global Ground Glass Sales Market 2017 - XINYI Glass, JINJING Glass, SYP Glass, Y …
The study Global Ground Glass Sales Industry 2017 is a detailed report scrutinizing statistical data related to the Global Ground Glass Sales industry. Historical data available in the report elaborates on the development of the Ground Glass Sales market on a Global and national level. The report compares this data with the current state of the market and thus elaborates upon the trends that have brought the market shifts.
Download Sample…
Energy Saving Glass Market 2017 - Saint Gobain, AGC Glass, Guardian Glass, Sisec …
A market study based on the ""Energy Saving Glass Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Energy Saving Glass Market 2017’. The research report analyzes the historical as well as present performance of the global Energy Saving Glass market, and makes predictions on the future status of Energy Saving Glass market on the basis of this analysis.
Get Free Sample Copy of Report…
