Transparency Market Research states that the opportunity in the global glass fiber will be worth US$17.44 bn by 2024 from US$8.50 bn in 2014 as the market promises to expand at a CAGR of 7.5% between 2016 and 2024. The wide range of application of glass fiber is primarily due to its unique characteristics such as low weight, excellent resistance, and high strength.
Glass fibers are ultra-thin strands of glass that are commonly woven in the form of a mat. In conjunction with the resin matrix, these form glass fibers reinforced plastic. Glass fibers are obtained from the chemical reaction between various natural minerals and chemicals at high temperature. Silica sand is the primary raw material used in the manufacture of glass fibers. Various quantities of minerals and chemicals such as feldspar, anhydrous borax, sodium sulfate, alumina, calcium oxide, magnesium oxide, and cullet (recycled glass) are also employed as per the end use requirements of glass fiber.
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The report provides in-depth analysis and forecast of the glass fiber market on the global as well as regional level. It includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global glass fiber market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product segments based on demand for glass fiber in each geographic segment. A combination of top-down and bottom-up approaches helps validate the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.
Detailed analysis of various factors driving the global glass fiber market has been included for astute decision making. Impact of these drivers has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the course of the forecast period. The report also comprises various opportunities available for market growth during the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the glass fiber market during the forecast period.
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The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the glass fiber industry, from raw material suppliers to end-users. Various processes employed in the manufacture of glass fiber have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis comprises the market share of dominant players in 2014, based on their production capacities. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.
Based on product, the glass fiber market has been segmented into e-class glass fiber and performance glass fiber. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for glass fiber in each of its application segment has been analyzed and forecast for the period of eight years.
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The report also comprises profiles of leading companies in the glass fiber market. These include AGY Holding Corp, CHONGQING POLYCOMP INTERNATIONAL CORP, Jiangsu Jiuding New Material Co. Ltd, Jushi Group, Johns Manville, Nippon Electric Glass Co., Ltd, Owens Corning, PPG Industries, Inc, Saint-Gobain Vetrotex, and Taishan Fiberglass, Inc. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.
This report segments the global glass fiber market as follows:
Glass Fiber Market – Product Analysis
- E-Class Glass Fiber
- Performance Glass Fiber
Glass Fiber Market – Application Analysis
- Building & Construction
- Consumer Goods
- Wind Turbine
- Others (Including Oil & Gas, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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