Los Angeles, CA -- (SBWire) -- 04/18/2019 --Glass fibers are the materials consisting of extremely fine glass fibers, used in making various products, such as yarns, fabrics, insulators, and structural objects or parts. It is also called spun glass.
The global Glass Fiber industry has a rather high concentration. The major manufacturers are concentrated in Asia-Pacific, North America and Europe, such as Owens Corning, Jushi Group, PPG Industries, CPIC and Taishan Fiberglass (Sinoma). At present, Owens Corning is the world leader, holding 26.01% sales market share in 2017.
Glass Fiber downstream is wide and recently Glass Fiber has acquired increasing significance in various fields of Construction, Transportation, Industrial, Consumer, Wind Power and others. Globally, the Glass Fiber market is mainly driven by growing demand for Construction and Transportation. They account for nearly 61.97% of total downstream consumption of Glass Fiber in global.
Glass Fiber can be mainly divided into Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers and Others. Roving Glass Fibers captures about 64.27% of Glass Fiber market in 2017. Glass Fiber can be also divided into E-Glass, E-CR-Glass, S-Glass and Others. E-Glass captures about 68.66% of Glass Fiber market in 2017.
The global Fiberglass market was 7430 million US$ in 2018 and is expected to 10000 million US$ by the end of 2025, growing at a CAGR of 3.8% between 2019 and 2025.
This report studies the Fiberglass market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Owens Corning
Jushi Group
Taishan Fiberglass (Sinoma)
CPIC
Saint-Gobain Vetrotex
PPG Industries
Nippon Electric Glass
Johns Mansville
Nittobo
Advanced Glassfiber Yarns
Binani-3B
Sichuan Weibo
Jiangsu Jiuding
Lanxess
Changzhou Tianma
Ahlstrom
By the product type, the market is primarily split into
Roving Glass Fibers
Chopped Glass Fibers
Yarn Glass Fibers
Others
By the end users/application, this report covers the following segments
Construction
Transportation
Industrial
Consumer
Wind Power
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Fiberglass Market Will Procure Million 10000 US$ by 2025 at a CAGR of 3.80%