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Global Glass Fiber Market 2017-2021

Global Glass Fiber Market 2017-2021

About Glass Fiber

Glass fiber comprises many extremely fine fibers of glass and is amorphous in nature. Glass fiber can also be used as a reinforcement material in plastic. Silicon dioxide, calcium dioxide, aluminum dioxide, and boron oxide are the key raw materials used in the production of glass fibers.

Glass fiber is used in mats and fabrics as it offers corrosion resistance and thermal and electrical insulation. It is used in construction, aerospace tooling, automotive, electronics, and wind energy industries because of its excellent mechanical properties such as high tensile strength, stiffness, dimensional stability, thermal conductivity, and chemical resistance. Glass fiber reinforced concrete (GFRC) is a high-performance building material that is used in the construction industry. Owing to its low weight, high strength-to-weight ratio, and excellent durability, it is used in the automotive and wind energy industries.

Technavio’s analysts forecast the global glass fiber market to grow at a CAGR of 7.40% during the period 2017-2021

Covered in this report

The report covers the present scenario and the growth prospects of the global glass fiber market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Glass Fiber market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AGY
  • Nippon Electric Glass
  • Owens Corning
  • PPG Industries
  • Saint-Gobain
Other prominent vendors
  • China Beihai Fiberglass
  • CPIC Abahsain Fiberglass
  • Fiber-Tech Industries
  • Jiangsu Jiuding New Material
  • Johns Manville
  • Jushi Group
  • Hubei Huierjie New Material Technology
  • Taishan Fiberglass
Market driver
  • Increasing demand for glass fibers in construction
  • For a full, detailed list, view our report
Market challenge
  • Availability of substitutes
  • For a full, detailed list, view our report
Market trend
  • Rising preference for lightweight materials
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Glass Fiber market 2017-2021

Technavio recognizes the following companies as the key players in the global glass fiber market: AGY, Nippon Electric Glass, Owens Corning, PPG Industries, and Saint-Gobain

Other Prominent Vendors in the market are: China Beihai Fiberglass, CPIC Abahsain Fiberglass, Fiber-Tech Industries, Jiangsu Jiuding New Material, Johns Manville, Jushi Group, Hubei Huierjie New Material Technology, and Taishan Fiberglass.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising preference for lightweight materials. Growth in the construction, automotive, and wind energy industries has fueled the demand for lightweight materials that exhibit high strength and excellent durability. Lightweight materials and innovative designs are crucial for manufacturers to increase their market shares. These materials are increasingly used in automobiles and wind turbines. They help reduce greenhouse emissions and improve fuel efficiency.”

According to the report, one of the major drivers for this market is Increasing demand for glass fibers in construction. Increase in developments in emerging nations such as China, India, and Japan have led to a significant growth in the construction industry in these countries. Glass fibers are increasingly used in applications such as roofs, walls, windows, and doors. They are used as composites in building constructions.

Further, the report states that one of the major factors hindering the growth of this market is Availability of substitutes. Availability of substitutes such as carbon fiber, basalt fiber, and natural fiber poses challenges to the global glass fiber market. These substitutes are used in end-user applications such as buildings and construction, automotive, wind turbines, consumer goods, and industries. Compared with glass fiber, carbon fiber is lightweight and exhibits high tensile strength, stiffness, and density and is thus used in a variety of applications. Carbon fiber is mixed with other materials to make composites that are widely used in construction, industrial automation, robotics, marine and aircraft interiors, electronics enclosures, and automotive applications.

Companies Mentioned

AGY, Nippon Electric Glass, Owens Corning, PPG Industries, and Saint-Gobain, China Beihai Fiberglass, CPIC Abahsain Fiberglass, Fiber-Tech Industries, Jiangsu Jiuding New Material, Johns Manville, Jushi Group, Hubei Huierjie New Material Technology, and Taishan Fiberglass.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global glass fiber market
    • Global glass fiber market
      • Table Global glass fiber market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global glass fiber market by application
      • Table Global glass fiber market by application 2016 (% share of revenue)
      • Table Global glass fiber market by application 2021 (% share of revenue)
      • Table Global glass fiber market by application 2016-2021 (% share of revenue)
    • Global glass fiber market by construction
      • Table Global glass fiber market by construction 2016-2021 ($ millions)
    • Global glass fiber market by transportation
      • Table Global glass fiber market by transportation 2016-2021 ($ millions)
    • Global glass fiber market by consumer products
      • Table Global glass fiber market in consumer products 2016-2021 ($ millions)
    • Global glass fiber market by wind turbines
      • Table Global glass fiber market by wind turbines 2016-2021 ($ millions)
    • Global glass fiber market by others
      • Table Global glass fiber market by others 2016-2021 ($ millions)
  • Regional landscape
    • Global glass fiber market by geography
      • Table Global glass fiber market by geography 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Glass fiber market in APAC
      • Table Glass fiber market in APAC 2016-2021 ($ millions)
      • Table Glass fiber market in APAC 2017-2021- Year-over-year growth (%)
    • Glass fiber market in Americas
      • Table Glass fiber market in Americas 2016-2021 ($ millions)
      • Table Glass fiber market in Americas 2017-2021- Year-over-year growth (%)
    • Glass fiber market in EMEA
      • Table Glass fiber market in EMEA 2016-2021 ($ millions)
      • Table Glass fiber market in EMEA 2017-2021 - Year-over-year growth (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rising preference for lightweight materials
    • Increasing demand for glass fibers in wind turbines
    • Increasing use of boron for producing glass fibers
  • Vendor landscape
    • Competitive landscape
    • Key vendors in global glass fiber market
      • Table Key vendors in global glass fiber market
    • Other prominent vendors
  • Key vendor analysis
    • AGY
      • Table AGY: Business segmentation by product
    • Nippon Electric Glass
      • Table Nippon Electric Glass: Business segmentation by revenue 2016 (% share)
      • Table Nippon Electric Glass: Geographical segmentation by revenue 2016 (% share)
      • Table Products offered by Nippon Electric Glass
    • Owens Corning
      • Table Owens Corning: Business segmentation by revenue 2016 (% share)
      • Table Owens Corning: Geographic segmentation by revenue 2016 (% share)
      • Table Owens Corning: Key products
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016 (% share)
      • Table PPG Industries: Geographical segmentation by revenue 2016 (% share)
      • Table Products offered by PPG Industries
    • Saint-Gobain
      • Table Saint-Gobain: Business segmentation by revenue 2016 (% share)
      • Table Saint-Gobain: Geographical segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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