Glass Fiber Reinforcement Materials Market Size and the Future Potential of the Market

Report Ocean has recently published the “Glass Fiber Reinforcement Materials Market Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.

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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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.

Top players in glass fiber reinforcement materials market include:

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

Glass Fiber Reinforcement Materials Market Key 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

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Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

What Are the Key Data Covered in This Market Report?

  • The report may provide data on the current market size, historical data for previous years, and projections for future growth.
  • This data may be presented in terms of revenue, market share, or other relevant metrics.
  • The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
  • This data helps to understand the market dynamics within different segments
  • The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
  • Data on these trends and drivers can provide insights into the factors influencing market growth.
  • The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
  • This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
  • The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
  • Data on these challenges and opportunities can inform business decisions and strategies.
  • The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
  • Regional data helps to understand market dynamics at a local level.
  • The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
  • This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
  • The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
  • This data helps stakeholders understand the potential growth and opportunities in the market.

Questions & Answers Market Research/Analysis Report Contains to your following:

  • What is the current size of the market and how is it expected to grow in the future?
  • What are the key drivers influencing market growth?
  • What are the major challenges or constraints faced by market participants?
  • What are the emerging trends and opportunities in the market?
  • Who are the major competitors in the market and what is their market share?
  • What are the key customer segments and their preferences within the market?
  • What are the regional or geographic trends and variations within the market?
  • What are the regulatory and legal factors impacting the market?
  • What are the technological advancements or innovations shaping the market?
  • What are the pricing trends and strategies observed in the market?
  • What are the distribution channels and their effectiveness in reaching the target market?

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