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Opportunities for the global glass fiber market to reach $9.4 billion by 2022

Publish Date: 07-12-2017 02:38:26 | Contact name: Lucintel | Location: USA | Place: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA | 9 times displayed |

According to a new market report published by
Lucintel, the future of the global glass fiber market is attractive with opportunities
in the end use industries such as transportation, construction, pipe and tank,
electrical and electronics, wind energy, and consumer goods. The global glass
fiber market is expected to reach an estimated $9.4 billion by 2022 and it is forecast
to grow at a CAGR of 4.8% from 2017 to 2022 The major driver for market growth
is the rise in demand for glass composite-made products, including bathtubs,
pipes, tanks, printed circuit boards, wind blades, and automotive parts.



In this
market, transportation, construction, pipe and tank, electrical and electronics,
consumer goods and wind energy are the major end use industries. On the basis
of its comprehensive research, Lucintel forecasts that the segments of wind
energy and construction are expected to show average growth during the forecast
period from 2017 to 2022.



Within the global glass fiber market, transportation
is expected to remain the largest market by value and volume consumption. Government
regulations, such as CAFE Standards in the US and carbon emission targets in
Europe, are putting pressure on OEMs to incorporate lightweight materials to
curb the overall vehicle weight, and this is the key driver for glass fiber in
the transportation industry.



By manufacturing process, injection molding is
the major process used to manufacture glass composite parts because of
high-output production rate, low labor cost, and design flexibility.



By product form, multi-end roving is the major
product form of glass fiber used to manufacture composite parts. Multi-end
roving fiber is commonly used in transportation, construction, and marine end
use applications.



Asia Pacific is expected to remain the largest
region by value and volume and is also expected to experience the highest
growth over the forecast period because of growth in construction,
transportation, and the electrical and electronics segments. Growing economy,
growth in population, and urbanization are the major forces that drive the construction
segment, especially in China and India.



Emerging trends, which have
a direct impact on the dynamics of the industry, include cost optimization and
performance enhancement of glass fibers.
Other
trends include the increased presence of Chinese companies in Europe and in the
Middle Eastern through increasing plant capacity, mergers, and
acquisitions. Owens Corning, Jushi, Chongqing Polycomp
International Corporation (CPIC), PPG Fiber Glass, and Taishan Fiberglass Inc.
are among the major suppliers of the glass fiber market.





Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global glass fiber market by application, product type, manufacturing process,
country, and region, and has come up with a comprehensive research report, “Growth
Opportunities in the Global Glass Fiber Market 2017-2022: Trends, Forecast, and
Opportunity Analysis
.” The
Lucintel report serves as a catalyst for growth strategy, as it provides a
comprehensive data and analysis on trends, key drivers, and directions.





The study includes a forecast for the global glass
fiber market by product type, application, and region, as follows:





By Application Type (Value
($M) and Volume (M lbs) shipment analysis for 2011- 2022):



·
Marine



·
Transportation



·
Pipe and Tank



·
Aerospace



·
Construction



·
Electrical and Electronics



·
Consumer Goods



·
Wind Energy



·
Others



By Manufacturing
Process (Value ($M) and Volume (M lbs) shipment analysis for 2011 - 2022):



·
Hand lay up



·
Spray up



·
Resin
infusion



·
Pultrusion



·
Injection
molding



·
Compression
molding



·
Prepreg lay
up



·
Others



By Product Type (Value
($M) and Volume (M lbs) shipment analysis for 2016):



·
Single end roving



·
Multi end roving



·
Woven roving



·
Fabrics



·
CSM



·
CFM



·
DUCS



·
CS



·
Others





By Region (Value ($M) and Volume (M lbs) shipment
analysis for 2011- 2022):



·
North America



·
Europe



·
Asia Pacific



·
The Rest of the World





By
Country (Value ($M) and Volume (M
lbs) shipment analysis for 2011- 2022):



·
USA



·
Canada



·
Mexico



·
Germany



·
France



·
Italy



·
Spain



·
UK



·
China



·
India



·
Japan



·
Taiwan



·
Brazil



This
235-page 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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis
.





About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.





This report answers following 11 key
questions:



Q.
1. What are some of the most promising, high-growth areas in the global glass
fiber market by application (marine, transportation, pipe and tank, aerospace,
construction, electrical and electronics, consumer goods, wind energy, and
others), product type (single end roving, multi end roving, woven roving,
fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand lay up, spray up,
resin infusion, pultrusion, injection
molding, compression molding, prepreg layups, and others), country (the USA,
Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, Taiwan,
and Brazil), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?



Q.
2.Which product segments will grow at a faster pace and why?



Q.
3.Which region will grow at a faster pace and why?



Q.4.What
are the key factors affecting market dynamics? What are the drivers and
challenges in the market?



Q.5.What
are the business risks and competitive threats in this market?



Q.6.What
are emerging trends in this market and the reasons behind them?



Q.7.What
are some changing demands of customers in the market?



Q.8.What
are the new developments in the market and which companies are leading these
developments?



Q.9.Who
are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?



Q.10.
What are some of the competitive products in this market and how great of a
threat do they pose for loss of market share through product substitution?



Q.
11. What M & A activities have transpired in the last 5 years in this
market and how have they affected the industry?





Contact Lucintel: Opportunities for the global glass fiber market to reach $9.4 billion by 2022

Phone: 9726365056

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