Glass Fiber Market, Size, Share, Outlook and Growth Opportunities 2020-2026
- ID:OGA1809MVC1895
- Published: December-2021
- Pages:110
- OG Analysis
Global Glass Fiber Market Outlook and Growth Opportunities to 2026: By Product Type (Chopped Strands& Rovings), By End-User Industry (Building & Construction, Automotive & Transportation, Aerospace & Defense, Consumer Goods, Alternative Energy and Other End-User Industries) and By Region
Global Glass Fiber Market is poised to report 3.26%year-on-year growth in 2020. Extensive usage of glass fiber in the construction industry and automotive industry is driving the market growth. The products made of glass fiber which include automotive parts, wind blades and others are the major growth drivers for glass fiber. Increasing construction activities in emerging economies are expected to be a key driver for the growth of the global glass fiber market.
In recent years, the demand for fiberglass increased due to its application in the production of bulletproof glasses. The celebrities and businessmen are using bulletproof cars because of their life threats and disposal income that drives the market growth.
Growth in the telecommunications industry is coupled with the fiberglass industry. The optical fibers and insulation cables that are made up of fiberglass find applications in various sectors that include broadband and internet connections, DTH and cellular towers installations, and others.
Absence of long-term agreements and manufacturing backlog forces fiberglass companies to face risks of downturns in demand and sales. Most of the fiberglass companies operate on short term volume commitments and accordingly face tough challenges in terms of cost adjustments, increased pressure on margins and cash flows in case of fluctuating demand conditions.
Rovings market is the major product type segment in the global glass fiber market
The report analyses the global glass fiber based on product type as chopped strands and rovings. Rovings segment is estimated to grow at a CAGR rate of 3.42% from 2020 to 2026. Demand for rovings is driven by an increase of electronics and semiconductors industry with growing production of reinforced printed circuit boards. Further, the rovings demand is also driven from growing use in the marine industry.
Extensive usage of glass fiber in the building & construction Industry is booming the glassfiber market growth
Glass fiber is tremendously used in building materials due to its properties, such as lightweight, anti-corrosive, fire resistant, and exhibits excellent strength, which is also widely used in the construction industry for non-structural elements, like piping, facade panels, and channels. Increasing usage of glass fiber in construction industry fuels the demand for glass fiber over the forecast period 2020-2026.
The glass fiber reinforcement materials market is driven by the growth of glass fiber in the aerospace industry as a substitute for heavy metal parts. The recycling of glass fiber products such as glass fiber reinforced plastics (GFRP) which are expected to delay the glass fiber market growth. This restraint can be overcome in the future, owing to its rise in awareness among the manufacturers and efforts made by them to recycle glass fiber by developing in-house facilities.
Additionally, the increase in usage of glass fiber in wind turbines and the development of carbon/glass hybrid structures are creating abundant growth opportunities in the global glass fiber market.
In addition, the global glass fiber market is segmented into automotive & transportation, aerospace & defense, consumer goods, alternative energy, and other end-user industries.
The Asia Pacific is the leading region in the consumption of glass fiber and synthetic fiber
Asia-Pacific glass fiber market is having the largest production across the world, it accounts for half of the global production. The growing segment is expected to be a key factor for producing high volume in the region. This region is witnessing significant growth in demand for glass fiber and special synthetic fibers.
Europe glass fiber market is expected to grow at the fastest pace due to its large aerospace base. In this region, the growth of the aerospace industry is expected to drive the glass fiber market growth.
North America glass fiber market for is expected to significant growth during the forecast period. This region is anticipated to rise in demand for glass fibers due to a wide range of applications. The growth of glass fibers in transportation and consumer goods are expected to boost the demand for market growth.
Further, the global glass fiber market is analyzed for countries across South & Central America, Middle East & Africa.
Key players of the global glass fiber market
AGY Holding Corporation, PFG Fiber Glass Corporation, Taishan Fiberglass Inc., Chongqing Polycomp International Corp., Nippon Electric Glass Co., Ltd., Johns Manville, Asahi Glass Company Limited, Owens Corning, Saint-Gobain Vetrotex Company, and Jushi Group Co. Ltd.
Scope:
Long term perspective on the Glass Fiber industry: 2018 (base year), 2020- 2026 (forecast period)
Glass Fiber Market- Forecasts by Segments- Product Type and End-User Industry by geography.
- The research report classifies the global glass fiber market into 2 product types including chopped strands and rovings.
- It provides the global glassfiber market outlook by 6 end-user industries building & construction, automotive & transportation, aerospace & defence, consumer goods, alternative energy and other end-user industries.
- The report analyses the global glass fiber market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America, and Middle East & Africa.
Glass Fiber Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Glass Fiber Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in the forecast period
Glass Fiber Market- Competitive Scenario
- 10 companies are analyzed in the report including AGY Holding Corporation, PFG Fiber Glass Corporation, Taishan Fiberglass Inc., Chongqing Polycomp International Corp., Nippon Electric Glass Co., Ltd., Johns Manville, Asahi Glass Company Limited, Owens Corning, Saint-Gobain Vetrotex Company, and Jushi Group Co. Ltd.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Glass Fiber Market
2.1 Global Glass Fiber Market Snapshot, 2018
2.2 Glass Fiber Industry Overview
2.3 Research Perspective
3. Global Glass Fiber Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Glass Fiber Markets
3.2 Leading Glass Fiber Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Glass Fiber
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Glass Fiber Market Outlook and Growth Opportunities by Product Type
4.1 Chopped Strands Market Outlook, 2020- 2026
4.2 Rovings Market Outlook, 2020- 2026
5. Global Glass Fiber Market Outlook and Growth Opportunities by End User Industry
5.1 Glass Fiber Demand in Building & Construction, Market Outlook, 2020- 2026
5.2 Glass Fiber Demand in Automotive & Transportation, Market Outlook, 2020- 2026
5.3Glass Fiber Demand in Aerospace & Defense, Market Outlook, 2020- 2026
5.4Glass Fiber Demand in Consumer Goods, Market Outlook, 2020- 2026
5.5Glass Fiber Demand in Alternative Energy, Market Outlook, 2020- 2026
5.6Glass Fiber Demand in Other End User Industries, Market Outlook, 2020- 2026
6. Asia Pacific Glass Fiber Market Outlook and Growth Opportunities
6.1 Key Findings, 2018
6.2 Asia Pacific Glass Fiber Market Outlook by Product Type, 2020- 2026
6.3 Asia Pacific Glass Fiber Market Outlook by End User Industry, 2020- 2026
6.4 Asia Pacific Glass Fiber Market Outlook by Country, 2020- 2026
7. Europe Glass Fiber Market Outlook and Growth Opportunities
7.1 Key Findings, 2018
7.2 Europe Glass Fiber Market Outlook by Product Type, 2020- 2026
7.3 Europe Glass Fiber Market Outlook by End User Industry, 2020- 2026
7.4 Europe Glass Fiber Market Outlook by Country, 2020- 2026
8. North America Glass Fiber Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 North America Glass Fiber Market Outlook by Product Type, 2020- 2026
8.3 North America Glass Fiber Market Outlook by End User Industry, 2020- 2026
8.4 North America Glass Fiber Market Outlook by Country, 2020- 2026
9. South & Central America Glass Fiber Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 South & Central America Glass Fiber Market Outlook by Product Type, 2020- 2026
9.3 South & Central America Glass Fiber Market Outlook by End User Industry, 2020- 2026
9.4 South & Central America Glass Fiber Market Outlook by Country, 2020- 2026
10. Middle East & Africa Glass Fiber Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 Middle East & Africa Glass Fiber Market Outlook by Product Type, 2020- 2026
10.3 Middle East & Africa Glass Fiber Market Outlook by End User Industry, 2020- 2026
10.4 Middle East & Africa Glass Fiber Market Outlook by Country, 2020- 2026
11. Competitive Landscape
11.1 Leading Players (Company Profile, SWOT Analysis, Glass Fiber Products, Financial Analysis)
11.1.1 AGY Holding Corporation
11.1.2 PFG Fiber Glass Corporation
11.1.3 Taishan Fiberglass Inc.
11.1.4 Chongqing Polycomp International Corp.
11.1.5 Nippon Electric Glass Co., Ltd.
11.1.6 Johns Manville
11.1.7 Asahi Glass Company Limited
11.1.8 Owens Corning
11.1.9 Saint-Gobain Vetrotex Company
11.1.10 Jushi Group Co. Ltd.
11.2 Company Benchmarking
11.3 Financial Analysis
12. Recent News and Deals Landscape
12.1 Mergers and Acquisitions
12.2 New Product Launches
12.3 Asset Transactions
12.4 Financial Announcements
13 Appendix
13.1 OGAnalysis Expertise
13.2 Sources and Research Methodology
13.3 Contact Information
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