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Global Glass Fiber Market - Segmented by Resin Type, by Fiber Type, by End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)

Global Glass Fiber Market - Segmented by Resin Type, by Fiber Type, by End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)

The glass fiber market is expected to register a moderate growth during the forecast period (2018-2023). Asia-Pacific is expected to remain the largest market, by value and volume, and is expected to experience the highest growth rate during the forecast period due to growth in construction, transportation, and the electrical and electronics industry.

Extensive Usage in Construction Industry

Glass fiber is primarily used as a composite in construction industry. It is highly used in building materials owing to the properties, such as lightweight, fire resistant, anti-corrosive, and exhibits excellent strength. It has been widely used in the construction industry for non-structural elements, like facade panels, piping, and channels. This material is very good in making shapes on the front of any building and it is less dense than steel. Therefore, the usage of glass fiber is increasing in construction industry, which is fueling the demand during the forecast period.

Increasing Demand in Wind Energy Sector

In wind energy sector, glass fiber composites are used in blades and nacelles. Blades represent the most important composite based part of a wind turbine. Due to light weight, most of the wind turbines are constructed at least partially from glass fiber composites. In recent times, wind turbines are capable of converting a great amount of energy in the wind into electricity. Thus, the wind industry has become an important glass fiber composite material end-user market and is expected to boost the demand during the forecast period.

Asia-Pacific to Dominate the Market

Asia-Pacific is expected to dominate the market for glass fiber during the forecast period. The electronics industry is expected to witness a major growth in the region, as China is one of the biggest global manufacturers, which is followed by South Korea and Japan. In addition with this, construction sector is also on its growth path in these countries owing to major upcoming construction projects in the region. Thus, the growing construction industry, especially the commercial building sector, is increasing the demand for glass fiber and is expected to drive the market during the forecast period.

Major Players: Jushi Group Corporation, Owens Corning, Saint-Gobain Vetrotex, PPG Industries Inc., and Braj Binani Group (3b-The Fiberglass Company), among others.

Notable Developments in the Market

May 2017: Owens Corning had announced that it has signed an agreement to acquire Pittsburgh Corning, the world’s leading producer of cellular glass insulation systems for commercial and industrial markets

Reason to purchase this Report

Analyze various perspectives of the market with the help of Porter’s five forces analysis

Application that is expected to dominate the market

Regions that are expected to witness fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Government Regulations
4. Market Dynamics
4.1 Drivers
4.1.1 Extensive Usage in Construction Industry
4.1.2 Growing Demand of Fiberglass Composites from the Automotive Industry
4.2 Constraints
4.2.1 Competition from Carbon Fiber and Rockwool
4.2.2 Low Profit Margin on Sales
4.3 Opportunities
4.3.1 Growth of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites
4.3.2 Rising Demand of fiberglass composite materials for Wind Energy Sector
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Resin Type
5.1.1 Glass wool
5.1.2 Roving
5.1.3 Yarns
5.2 By Application
5.2.1 Composites
5.2.2 Insulation
5.3 By End-user Industry
5.3.1 Construction
5.3.2 Pipes & Tanks
5.3.3 Automotive
5.3.4 Railways
5.3.5 Wind Energy
5.3.6 Consumer Goods
5.3.7 Electrical & Electronics
5.3.8 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 Europe
6.2.1 Italy
6.2.2 Germany
6.2.3 France
6.2.4 United Kingdom
6.2.5 Spain
6.2.6 Rest of Europe
6.3 North America
6.3.1 United States
6.3.2 Mexico
6.3.3 Canada
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 The Middle-East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle east & Africa
7. Recycling of Fiberglass (Overview, Current Market Insights)
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 AGY Holding Corp
9.2 Asahi Fiberglass Company
9.3 Braj Binani Group (3b-The Fiberglass Company)
9.4 Guardian Industries
9.5 Jushi Group Corporation
9.6 Owens Corning
9.7 PFG Fiber Glass (Kushan) Co. Ltd
9.8 PPG Industries Inc.
9.9 Saint-Gobain Vetrotex
9.10 Taishan Fiberglass Inc.
9.11 Taiwan Glass Industry Corporation
*List not exhaustive
10. Disclaimer
** Subject to availability on public domain

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