** U.S (New York) According to Report Ocean recently released its “Glass Fiber Reinforcement Materials Market” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
The global glass fiber reinforcement materials market is expected to reach $14,084 million by 2022 from $8,468 million in 2015, with a CAGR of 7.6% from 2016 to 2022. Glass fiber consist of extremely thin fibers of glass and is used to make fiberglass, used in construction and transportation industries. Glass fiber is the most commonly used fiber in the reinforcement market, due to its advantages over others, such as, low cost, strength, durability, high impact resistance, and several others.
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Who is the largest manufacturers of Glass Fiber Reinforcement Materials Market Worldwide ?
Owens Corning
3B-Fiberglass
Jushi Group
PPG Fiberglass
Taishan Fiberglass
Chongqing Polycomp International Corp (CPIC)
Saint-Gobain Vetrotex
Asahi Glass
Nippon Electric Glass Co., Ltd.
BASF SE
Other prominent market players are
AGY Holding Corp.
Jiangsu Jiuding New Material Co. Ltd.
Formax (UK) Ltd.
Gunther Kast GmbH
LANXESS AG
Johns Manville
Ahlstrom GlassFibre OY
Shanghai Xiao-Bao FRP
China Fiberglass Company
Advanced Glassfiber Yarns
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
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Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
The driving factors of the global glass fiber reinforcement materials market are the growth in demand for glass fiber from the construction and transportation sector, substitution of heavy metal parts by glass fiber in the aerospace industry, and low cost, light weight and durability of glass fibers. However, issues regarding the recycling of glass fiber reinforced plastics may hinder the demand of glass fiber. Moreover, numerous growth opportunities exist for use of glass fiber in wind turbines and the development of hybrid structures, be it carbon-glass hybrid or hybrid of different grades of glass fiber only.
Glass fiber reinforcement materials market is segmented into product type, end user, and geography. On the basis of product type, the glass fiber reinforcement materials market is categorized into roving, woven roving, fabrics, CSM (Chopped Strand Mat)/CFM (Continuous Filament Mat), chopped strand, and others that includes multi-axial. Based on end-use industry, it is classified into construction, transportation, industrial, consumer goods, wind energy, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players of glass fiber reinforcement materials market have adopted several developmental strategies such as product launches & agreements to improve their product portfolio and geographic reach in the global glass fiber reinforcement materials market. For instance, 3B-Fiberglass, one of the leading fiberglass manufacturer, launched DS 1125-10N, an innovative chopped strand used for making variable range of polyamides in March 2016. Another example is the launch of a new PipeStrand range of products for use in high- and low-pressure filament winding applications by Owens Corning in March 2016.
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KEY BENEFITS FOR STAKEHOLDERS
- This report entails the detailed quantitative analysis of current market and estimations from 2014 to 2022 that assist to identify the prevailing market opportunities in the global glass fiber reinforcement materials market.
- In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to better understand the market behavior.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
- Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
- Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
Key Market Segments:
By Product Type
Roving
Woven Roving
Fabrics
CSM/CFM
Chopped Strand
Others (multi-axial)
By End-Use Industry
Construction
Transportation
Industrial
Consumer Goods
Wind Energy
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Turkey
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Qatar
Rest of LAMEA
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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