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Glass Fiber Market Is Expected to Reach an Estimated +$9.3 Billion by 2022 and It Is Forecast to Grow at a CAGR of +4.7% from 2017 to 2022

According to the Glass fiber market survey report, the market is expected to witness a relatively higher growth rate during the forecast period 2018-2023.

 

Houston, TX -- (SBWIRE) -- 02/08/2018 -- Glass fiber market is expected to reach an estimated +$9.3 billion by 2022 and it is forecast to grow at a CAGR of +4.7% from 2017 to 2022, it has created phenomenal demand for all of its products across various sectors worldwide. The need for glass fiber stretches from building automotive to construction segment and to various other sectors. This product category is being mostly chosen by many owing to its excellent tensile strength, modulus, and cost effectiveness. The world glass fiber market is prognosticated to be driven mostly by the segment of construction and building following the demand of residential building in some of the highly populated parts of the world such as Asia Pacific. The competitive scenario section of the report presents the major participants operating in the Global Glass Fiber Market.

Top Key Players: PPG Industries Inc., Saint-Gobain Vetrotex, Jiangsu Jiuding New Material Co., Nippon Electric Glass Co. Ltd., Chongqing Polycomp International Corp., AGY Holding Corp., Jushi Group, Johns Manville, Taishan Fiberglass Inc,

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The report on the Global Glass Fiber Market is an accurate piece of work and is accumulated by conducting both primary as well as secondary analysis. The data incorporated in the report has been taken by denoting high-quality whitepapers, case studies, press releases, and by taking inputs from top industry leaders. The top segments in the market have been underlined. These units have been presented by giving information on their up-to-date and predicted state by the end of the foretold horizon.

Major applications incorporate food and fragrances. Other applications include kerosene substitution in gas turbines, resins, plasticizers, research projects and diesel miscible fuels. Ethyl levulinate consumption by research lab and institutions as laboratory chemicals subjugated the worldwide demand in the recent past and is anticipated to proceed with this trend soon. Ethyl levulinate grants fragrance to perfumes and splashes which form a significant part of a personal grooming kit.

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Numerous exploration activities are intended for creating novel applications and are anticipated to offer critical opportunities for development and advancement of the sector. Strong demand for applications, for example, scent and food additives are ventured to play a key role in determining the worldwide Glass Fiber market over the prognosis period. Rising populace, expanding discretionary income and shifting consumer inclinations are expected to support the application sections. Ethyl levulinate discovers application in biodiesel and diesel to enhance engine fuel transformation limit. It lessens fuel smoke generating capacity along with decreasing greenhouse gas emission in the air.

Analysis tools such as Porter's five forces analysis and SWOT analysis have also been applied for analyzing the market data. The major strategies adopted by reputable players for a better penetration in the Global Glass Fiber Market also form a major subdivision of this study. Knowing these strategies can be useful for upcoming companies for better market penetration. The Market has also been studied in terms of revenue. The various market dynamics such as drivers, challenges, opportunities, and trends coupled with their respective impact analysis have been presented. The impact analysis aids in assembling information on the future development of the market.

Table of Content:
Chapter 1 Glass Fiber Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis