Dry Use Chopped Strand (DUCS) Market is Forecasted to Reach US$ 2.0 Billion in 2030, Says Stratview Research

The global Dry Use Chopped Strand (DUCS) Market is projected to witness a growth rate of 3.9% annually from 2024 to 2030, with an anticipated size of US$ 2.0 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Dry Use Chopped Strand (DUCS) Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 2.0 billion
Growth (CAGR): 3.9% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Dry Use Chopped Strand (DUCS) Market:
The global Dry Use Chopped Strand (DUCS) Market is segmented end-use industry type, resin type, use type, process type and region

Based on end-use industry type: The market is segmented as transportation, construction, consumer goods, electrical & electronics, and others. Transportation is expected to remain dominant, whereas electrical & electronics is likely to be the fastest-growing end-use industry during the forecast period. DUCS is used for several automotive applications, such as exterior body panels; interior and exterior parts like bumpers, body panels, and dashboards; interior battery separators; near-to-engine applications, and interior structural and semi-structural applications. On the other hand, chopped strands are used with polyester resin for making BMC compounds, which are utilized in small GRP parts for the automotive and electrical industries.

Based on process type: Injection molding is expected to remain the preferred process type in the market over the years to come. Injection molding offers high efficiency, high protectivity, design flexibility, high precision, consistency, and low cost. Even though injection molding is a conventional process, it poses a few limitations in certain cases; hence, selecting the right molding process for certain applications is extremely necessary.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is expected to remain the largest market for DUCS during the forecast period. This growth outlook is majorly attributed to the following-
• Increasing building demand in emerging nations like India, Indonesia, and Thailand is to drive the market in the coming years.
• Moreover, increased emphasis on emission control legislation, as well as growing demand for environmentally friendly products, have resulted in scientific developments in the field of composites.
• The replacement of conventional materials, such as steel and aluminum, with fiberglass is attributing high growth in the fiberglass market in the region. Consequently, increased demand for fiberglass from various industries such as construction, automotive, and electronics is likely to fuel the demand for DUCS in the region.

Dry Use Chopped Strand (DUCS) Market Drivers:
The Dry Use Chopped Strand (DUCS) Market is driven by several key factors, including:
• There has been an increasing demand for lightweight and high-performance materials in industries such as automotive, construction, and wind energy.
• Dry chopped glass fiber offers several benefits, such as a high strength-to-weight ratio, corrosion resistance, electrical insulation properties, and cost-effectiveness, which makes them suitable for a wide range of applications.

Top 10 Companies in the Dry Use Chopped Strand (DUCS) Market:
Stratview Research has identified the following companies as the top market players:
• China Jushi Co. Ltd.
• Owens Corning
• Taishan Fibreglass Inc.
• Nippon Electric Glass Co. Ltd.
• Chongqing Polycomp International Corp (CPIC)
• 3B-Fibreglass
• Johns Manville
• Taiwan Glass Group
• Saint Gobain S.A.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Dry Use Chopped Strand (DUCS) Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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This release was published on openPR.