Lucintel Forecasts the Global High Performance Glass Fiber Market is expected to grow with a CAGR of 8% from 2024 to 2031

According to a market report by Lucintel, the future of the global high performance glass fiber market looks promising with opportunities in the aerospace & defense, wind energy, automotive, pressure vessels, civil engineering, marine, electrical and electronics, and sporting goods end uses. The global high performance glass fiber market is expected to grow with a CAGR of 8% from 2024 to 2031. The major drivers for this market are increasing demand for high stiffness, lightweight, low styrene emission and environment regulations which are driven in high performance applications.
A more than 150-page report to understand trends, opportunity and forecast in high performance glass fiber market to 2031 by end use (aerospace & defense, pressure vessel, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine, and others), product type (S-glass, R-glass, T-glass and others), product form (roving, chopped and yarn), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts wind energy will remain the largest end use segment over the forecast period.
S-glass will remain the largest segment over the forecast due to increasing penetration of S-glass in aerospace and defense applications for strength, fiber toughness, tensile and compressive modulus and impact resistance.
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APAC is expected to remain the largest region by value and volume over the forecast period.
AGY Holding, Praana Group, Vetrotex, Taishan Fiberglass Inc., Chongqing Polycomp International Corporation are the major suppliers in the high performance glass fiber market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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Lucintel finds that the future of the global glass fiber material market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber material market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031.

This release was published on openPR.