Glass Fiber Market Is Anticipated To Grow At A Cagr Of 5.7% During 2022-2027

By Author: Lucintel LLC
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The global glass fiber market is projected to reach $17.5 billion by 2027, at a CAGR of 5.7% during 2022-2027. The growth of glass fiber market is driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layups, injection molding, and others), product type (single end roving, multi end roving, woven roving, fabrics, chopped strand, chopped strand mat, continuous filament mat, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the glass fiber ...
... market?
Q.4 What are some changing demands of customers in the glass fiber market?
Q.5 What are the new developments in the glass fiber market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this glass fiber area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this glass fiber market?
Emerging trends, which have a direct impact on the dynamics of the industry, include innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.
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Market Segmentation:
Based on product type, the glass fiber market is segmented into single end roving, multi end roving, woven roving, fabrics, chopped strand, chopped strand mat, continuous filament mat, and others. The chopped strand segment is accounted for the largest share of the market in 2021.
Asia Pacific is expected to be the largest region with 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.
Key Players in the glass fiber market are Owens Corning, Jushi, Nippon Electric, CPIC, and Taishan Fiberglass
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/glass-fiber-market.aspx
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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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