Glass fiber, a material that contain many extremely fine fibers of glass. These are thin strands of silica based or other glass which is extruded into fibers that can be further processed on the basis of applications. The material has superior properties like flexibility, high tensile strength, light weight, sound absorption, durability, thermal conductivity as well as electrical conductivity among others. It is extremely useful in reinforcement & insulation application. The products properties along with low cost make it a dynamic reinforcement material in the plastics industry. In the construction industry, glass fiber is used to manufacture components like roofing laminate, facade panels, and various other building components. Increasing demand of fiberglass composites in automotive industry is likely to impel the growth of global glass fiber market over the near future.
This growth is primarily driven by Growing Usage of Glass Fiber in Construction Industry, Rising Demand in Alternative Energy Sector and Increasing Demand of Fiberglass Composites in Automotive Industry.
Globally, a noticeable market trend is evident Cost Optimization & Performance Improvement of Glass Fiber. The Specialty Chemicals sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BGF Industries, Inc. (United States), Agy Aiken LLC (United States), Johns Manville (United States), Nitto Boseki Co., Ltd. (Japan), Jushi Group (China), Chomarat Group (France), AGC Inc. (Japan), Owens Corning (United States), Saint-Gobain (France) and Nippon Electric Glass Co., Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Government regulations, like The Corporate Average Fuel Economy (CAFÉ) Standards in the United States and carbon emission targets in Europe, are putting pressure on OEMs to include lightweight materials to control the overall vehicle weight, & so this is impacting demand for the glass fiber in the transportation industry.
- Growing Usage of Glass Fiber in Construction Industry
- Rising Demand in Alternative Energy Sector
- Increasing Demand of Fiberglass Composites in Automotive Industry
- Cost Optimization & Performance Improvement of Glass Fiber
- Concerns Related to Recycling
Increasing Application Scope of Glass Fiber and Expanded Attention on Energy Protection in the Construction Industry
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Glass Fibers Study Sheds Light on
The Glass Fibers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Glass Fibers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Glass Fibers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.