Market Overview:
The global glass fiber materials market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable materials in automotive, sports equipment, medical, and other applications. In terms of type, the 3-10um segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to its superior properties such as high strength-to-weight ratio and excellent thermal insulation. In terms of application, the automotive segment is expected to grow at a higher CAGR than other segments during the forecast period.
Product Definition:
A glass fiber (or glass fibre) is a long, thin strand of silicon dioxide (silica) or other vitreous silicate material. Glass fibers are used as a reinforcing agent for many materials, including plastics and concrete. They are also used to make insulation, electrical wire, rope, and textiles.
3-10um:
3-10um is a range of fiber optic that has a core inside the tube of glass. The 3-10um fibers are used in various end use industries such as medical, security and surveillance, automotive & transportation and telecommunications. Fiber optic cables can carry light over long distances with small diameter cores which makes them suitable for high performance applications such as telecommunication systems.
10-20um:
The 10-20um is a part of the infrared spectrum and is used to measure the refractive index of fiber optic materials.
10-20 um, commonly written as 10-20 uM or sometimes 20 - 1000 uM, refers to a specific range of wavelengths in the infrared region of the electromagnetic spectrum.
Application Insights:
The automotive application segment led the global glass fiber materials market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for lightweight materials with superior properties, such as high strength and stiffness, from various end-use industries including aerospace and defense.
Automotive applications include body side moldings, dashboards, door panels interiors as well as exterior components such as hoods & roofs; windscreen; headlights & tailgates among others. Glass fibers are used in composites owing to their excellent mechanical properties along with superior chemical resistance which helps prevent corrosion on vehicle parts exposed to marine environment or extreme weather conditions. In addition, they also help reduce overall weight of vehicles resulting in improved fuel efficiency across different vehicle types driving the demand further over the coming years.
Regional Analysis:
North America dominated the global glass fiber materials market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key automotive and aerospace manufacturers in this region. The U.S., being one of the most lucrative markets for automobiles, has played a crucial role in promoting industry growth across North America by virtue Sino-U.
Asia Pacific is expected to be one of the fastest growing regional markets at an estimated CAGR 6.2% from 2018 to 2030 owing to rapid industrialization coupled with increasing government initiatives aimed at developing manufacturing facilities within their respective countries such as China.
Growth Factors:
- Growing demand from end-use industries such as construction, automotive, and aerospace is expected to drive the growth of glass fiber materials market over the forecast period.
- Increasing use of composites in lightweight vehicles is projected to propel the demand for glass fiber materials over the next few years.
- Rising awareness about benefits of using glass fiber materials in various applications is likely to boost market growth during the forecast period.
- Technological advancements in manufacturing processes are expected to create new opportunities for market players operating in this space over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Materials Market Research Report
By Type
3-10um, 10-20um, 20-30um, Other
By Application
Automotive, Sports Equipment, Medical, Other
By Companies
Saint-Gobain Vetrotex, PPG Industries, Johns Manville, Jushi Group, AGY, Nippon Electric Glass, Owens Corning, Taishan Fiberglass, Chongqing Polycomp International, Jiangsu Jiuding New Material, Saint-Gobain Vetrotex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber Materials Market Report Segments:
The global Glass Fiber Materials market is segmented on the basis of:
Types
3-10um, 10-20um, 20-30um, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Sports Equipment, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saint-Gobain Vetrotex
- PPG Industries
- Johns Manville
- Jushi Group
- AGY
- Nippon Electric Glass
- Owens Corning
- Taishan Fiberglass
- Chongqing Polycomp International
- Jiangsu Jiuding New Material
- Saint-Gobain Vetrotex
Highlights of The Glass Fiber Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3-10um
- 10-20um
- 20-30um
- Other
- By Application:
- Automotive
- Sports Equipment
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glass Fiber Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Glass fiber materials are made from a type of glass that has been heated and then drawn into very thin strands. These strands are then cut into small pieces and used in various products, including insulation, wire coatings, and even fabrics.
Some of the key players operating in the glass fiber materials market are Saint-Gobain Vetrotex, PPG Industries, Johns Manville, Jushi Group, AGY, Nippon Electric Glass, Owens Corning, Taishan Fiberglass, Chongqing Polycomp International, Jiangsu Jiuding New Material, Saint-Gobain Vetrotex.
The glass fiber materials market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glass Fiber Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glass Fiber Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glass Fiber Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glass Fiber Materials Market Size & Forecast, 2020-2028
4.5.1 Glass Fiber Materials Market Size and Y-o-Y Growth
4.5.2 Glass Fiber Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3-10um
5.2.2 10-20um
5.2.3 20-30um
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Sports Equipment
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Fiber Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Glass Fiber Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3-10um
9.6.2 10-20um
9.6.3 20-30um
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Sports Equipment
9.10.3 Medical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3-10um
10.6.2 10-20um
10.6.3 20-30um
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Sports Equipment
10.10.3 Medical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3-10um
11.6.2 10-20um
11.6.3 20-30um
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Sports Equipment
11.10.3 Medical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3-10um
12.6.2 10-20um
12.6.3 20-30um
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Sports Equipment
12.10.3 Medical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3-10um
13.6.2 10-20um
13.6.3 20-30um
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Sports Equipment
13.10.3 Medical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Glass Fiber Materials Market: Competitive Dashboard
14.2 Global Glass Fiber Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain Vetrotex
14.3.2 PPG Industries
14.3.3 Johns Manville
14.3.4 Jushi Group
14.3.5 AGY
14.3.6 Nippon Electric Glass
14.3.7 Owens Corning
14.3.8 Taishan Fiberglass
14.3.9 Chongqing Polycomp International
14.3.10 Jiangsu Jiuding New Material
14.3.11 Saint-Gobain Vetrotex
