The modern-day document posted via Report Ocean, titled “Glass Fiber Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
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
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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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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