Glass Fiber Reinforcements – A Global Market Overview

Glass Fiber Reinforcements – A Global Market Overview

Report Synopsis
Attributed to the slowdown in global economy and industrial activities worldwide amid the impact of novel coronavirus pandemic, global market for Glass Fiber Reinforcements has witnessed a significant decline in terms of both volumes and value. Recovering from the pandemic impact, global market is projected to reach 8.2 million metric tons by 2026, reflecting a CAGR of 5.9% during 2020-2026 analysis period, driven mainly by growth in the key application areas such as aerospace, automotive & transportation, pipes & tanks and wind energy.

While almost all application sectors of Glass Fiber Reinforcements were impacted negatively by the COVID-19 pandemic, Wind Energy sector has generally not had any negative impact but rather demand was accelerated at a healthy rate in 2020. According to statistics published by the World Wind Energy Association, the industry added a record 93 gigawatts of wind power capacity worldwide within the year 2020. The overall market for Glass Fiber Reinforcements, globally, is estimated to be 6.2 million, valued at $9.7 billion in 2021.

Research Findings & Coverage
• Worldwide market for Glass Fiber Reinforcements is analyzed in this report with respect to end-use applications, product forms, major geographic regions and key countries
• The study provides market size and extensively analyzes each major end-use application and product form of Glass Fiber Reinforcements for the analysis period in each region/country
• The report exclusively analyzes the Covid-19 Pandemic impact on the market for Glass Fiber Reinforcements
• Wind Energy Continue to Propel Demand for Glass Fiber Reinforcements
• Key business trends focusing on product innovations/developments, capacity expansions, M&As, JVs and other recent industry developments
• Major companies profiled – 72
• The industry guide includes the contact details for 149 companies

Product Outline
The report analyzes the market for End-use Applications of Glass Fiber Reinforcements analyzed including:
• Automotive & Transportation
• Marine
• Wind Energy
• Pipes & Tanks
• Building & Construction
• Electricals & Electronics
• Consumer Goods
• Aerospace & Defense
• Other

Global market for product forms of Glass Fiber Reinforcements explored in this study includes:
• Single-end Rovings
• Multi-end Rovings
• Woven Rovings
• Chopped Strands
• Chopped Strand Mat (CSM)
• Continuous Filament Mat (CFM)
• Fabrics
• Others

Analysis Period, Units and Growth Rates
• The report reviews, analyzes and projects the global Glass Fiber Reinforcements market for the period 2017-2026 in terms of volumes in metric tons and market value in US$ and the compound annual growth rates (CAGRs) projected from 2020 through 2026 with a special focus on the pandemic impact and Y-o-Y growth for 2019-2020

Geographic Coverage
• North America (United States and Canada)
• Europe (Germany, France, Italy, the United Kingdom, Spain and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• Rest of World (Russia, Brazil, Turkey and others)