The global Fiberglass (Glass Fiber) Market was estimated to be around US$ 8,347.2 million in 2017. The global market is expected to register a CAGR of 4.3% over the forecast period (2018–2028).
Albany, NY -- (SBWIRE) -- 11/01/2018 -- Significant growth in automotive market is expected to lend novel growth triggers to fiberglass market augmented by extensive use of fiberglass in the manufacture of lightweight automotive parts. Additionally, widespread application in construction and building owing to economic viability as well as functional flexibility further progresses growth in fiberglass market. A new market research report titled, 'Fiberglass Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028' collated in the burgeoning repository of Market Research Reports Search Engine (MRRSE) houses ongoing market developments and trends that hone growth in fiberglass market.
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Enhanced Production Capabilities and Strategic Acquisitions to Remain Top Growth Strategies
Unique properties of fiberglass such as high temperature and corrosion resistance has enabled its adoption across regions in a variety of applications. To align with such large scale end-user demands, leading market players are increasingly banking upon strategic acquisitions and heightened production capacities to retain precedence in fiberglass market.
Aligning with industry demands, leading vendor Nippon Electric Glass is all set to accelerate its production capabilities of fiberglass in Netherlands. Besides increased production capacities, the company is also keen on incorporating bespoke technology to meet industry specificities.
E-Class Fiberglass Expected to Leverage Revenue Maximization
This research report on fiberglass market illustrates core market segments that define growth in fiberglass market. In the succeeding section of the report, readers are presented with a comprehensive overview of market segments such as product type, glass type, and application, as major market segments. Based on product type fiberglass market is classified as rovings, mats, strands, and fabrids. In terms of glass type, fiberglass market is classified as s-class, e-class-c-class, and ECR class amongst other glass types. Based on application fiberglass market enumerates aerospace and defense, wind energy, construction, marine, sports and leisure, pipes and tanks, and automotive amongst others as chief application segments in fiberglass market.
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China likely to Emerge as the Fastest Growing Region in Fiberglass Market
Further in the course of the report readers are also presented with a brief on regional presence of fiberglass market, based on which fiberglass market is broadly demarcated intyo Eastern and Western Europe, North America, Latin America, Asia-Pacific excluding Japan, China, Japan, and Middle East and Africa as dominant regional pockets in fiberglass market.
Competition Dashboard: Fiberglass Market
Thorough research elements entailed in this section of the report sheds significant light on winning marketing tactics and tools adopted by prominent market players to harbor market lead amidst stiff competition in fiberglass market. This section of the report enumerates Owens Corning, PFG Fiber Glass Corporation, Jushi Group Co., Chongqing Polycomp International Corp, and CPIC Abahsain Fiberglass M.E. amongst other leading names.
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