Global glass fiber composites market, 2024-2030

Glass fiber composites are used in the applications of transportation, construction, pipe & tank, electrical & electronics, wind energy, etc, industries. Transportation industry was the largest end use industry for the glass fiber composites. Glass fiber composites are used as substitutes of steel, aluminum and plastics. There increasing demand of glass fiber composites is due to its light weight properties and government regulation on fuel efficiency to reduce carbon footprint. Short fiber glass fiber composites are predominately used in the various end use industries.

The global glass fiber composites market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global glass fiber composites market is growing at a fast pace and increasing its geographical footprint rapidly. The global glass fiber composites market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Asia Pacific region is expected to remain the largest region for the glass fiber composites market. The growth is comparatively higher in Asia Pacific region due to growth of wind energy, construction, electrical & electronics industries.

Glass fiber composites enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of glass fiber composites market globally. The companies that lead global glass fiber composites market are BASF, DSM, DowDupont, SABIC, Lanxess, LyondellBasell and so on.

Research Methodology

The research process includes the market segmentation of the global glass fiber composites market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global glass fiber composites industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global glass fiber composites industry dynamics
• Estimation of the present global glass fiber composites market size in terms of value and volume
• Global glass fiber composites market breakup based on type and application
• Substantiated global glass fiber composites market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global glass fiber composites industry value chain

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