Market Overview:
The global milled glass fiber market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic composites, adhesives, coatings, and other applications across the globe. In terms of type, the 1/8 inch segment is expected to hold a major share of the global market during the forecast period. This can be attributed to its high strength-to-weight ratio and excellent thermal insulation properties.
Product Definition:
The definition of Milled Glass Fiber is a type of fiberglass that has been ground down into very small pieces. This type of fiberglass is used in a variety of applications, including automotive and industrial uses.
1/8 Inch:
1/8 inch is a small size fiber which is extensively used in the manufacturing of glass wool. It has high tensile strength and durability as compared to other fibers. The 1/8 inch length can hold more than three times its weight in water without breaking or cracking. This makes it an ideal choice for use in fishing lines, sacking, and protective clothing among others.
1/16 Inch:
1/16 inch is a unit of measurement for the thickness of glass fibers. It is mostly used in the production of Milled Glass Fiber (MIG) which finds application in various end-use industries such as fiberglass, automotive, construction and others. The 1/16 inch thick glass fiber has high tensile strength and can be easily drawn into wire which makes it useful in various applications.
Application Insights:
The plastic composites application segment accounted for the largest revenue share of over 30% in 2017. Plastic composites are gaining popularity as they offer various advantages such as lightweight, high strength-to-weight ratio and good thermal insulation properties. The demand for plastic composite is expected to increase significantly in the automotive industry owing to its lightweight property which reduces vehicle weight thereby improving fuel efficiency and reducing pollution on account of reduced emissions from vehicles. This factor is likely to propel product demand over the forecast period.
Milling equipment is used extensively in the production of plastics & rubber compounds due to their high melting temperature ranging between 160°C - 210°C (320°F - 410°F). These mills are also used for grinding materials that do not require sizing such as mineral wool, ceramic tiles and asbestos sheets etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The regional market is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for glass fibers in various applications such as adhesives, composites and plastic manufacturing. In addition, growing automotive industry in emerging economies such as China and India are expected to drive product demand over the next eight years.
The presence of numerous manufacturers coupled with raw material suppliers has resulted in high production capacity of glass fiber products across Asia Pacific region which makes it a major global supplier for other regions as well as a buyer for finished goods produced by others globally. Increasing foreign direct investments coupled with favorable government policies are some factors that have contributed significantly towards growth across Asia Pacific region since 2014; these trends are projected to continue over the forecast period thus positively influencing overall revenue generation worldwide during same time span (Source: World Bank Group).
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and aerospace is expected to drive the growth of the global milled glass fiber market during the forecast period.
- The increasing use of composites in various applications is also projected to fuel the demand for milled glass fiber over the next few years.
- Growing awareness about the benefits of using composites, such as weight reduction and improved mechanical properties, is anticipated to boost market growth in the near future.
- The expanding application base for milled glass fiber is another key factor that is likely to propel its demand in coming years.
- Rising investments by key players in research and development activities are expected to provide impetus to the growth of this market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Milled Glass Fiber Market Research Report
By Type
1/8 Inch, 1/16 Inch, 1/32 Inch
By Application
Plastic Composites, Adhesives, Coatings, Other
By Companies
Nippon Electric Glass, Corazzi Fiber, Central Glass Co.，Ltd., Trojan Fiberglass, Owens Corning, Nittobo, MAS Epoxies
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Milled Glass Fiber Market Report Segments:
The global Milled Glass Fiber market is segmented on the basis of:
Types
1/8 Inch, 1/16 Inch, 1/32 Inch
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
Plastic Composites, Adhesives, Coatings, 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:
- Nippon Electric Glass
- Corazzi Fiber
- Central Glass Co.，Ltd.
- Trojan Fiberglass
- Owens Corning
- Nittobo
- MAS Epoxies
Highlights of The Milled Glass Fiber 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:
- 1/8 Inch
- 1/16 Inch
- 1/32 Inch
- By Application:
- Plastic Composites
- Adhesives
- Coatings
- 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 Milled Glass Fiber 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
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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?
Milled glass fiber is a type of fiberglass that has been finely ground into a powder. It is used in products such as insulation, window and door frames, and roofing materials.
Some of the major players in the milled glass fiber market are Nippon Electric Glass, Corazzi Fiber, Central Glass Co.，Ltd., Trojan Fiberglass, Owens Corning, Nittobo, MAS Epoxies.
The milled glass fiber market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Milled Glass Fiber 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 Milled Glass Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Milled Glass Fiber 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 Milled Glass Fiber 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 Milled Glass Fiber Market Size & Forecast, 2018-2028
4.5.1 Milled Glass Fiber Market Size and Y-o-Y Growth
4.5.2 Milled Glass Fiber Market Absolute $ Opportunity
Chapter 5 Global Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Type
5.2.1 1/8 Inch
5.2.2 1/16 Inch
5.2.3 1/32 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Applications
6.2.1 Plastic Composites
6.2.2 Adhesives
6.2.3 Coatings
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milled Glass Fiber 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 Milled Glass Fiber 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 Milled Glass Fiber Analysis and Forecast
9.1 Introduction
9.2 North America Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Type
9.6.1 1/8 Inch
9.6.2 1/16 Inch
9.6.3 1/32 Inch
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 Milled Glass Fiber Market Size Forecast by Applications
9.10.1 Plastic Composites
9.10.2 Adhesives
9.10.3 Coatings
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 Milled Glass Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Type
10.6.1 1/8 Inch
10.6.2 1/16 Inch
10.6.3 1/32 Inch
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 Milled Glass Fiber Market Size Forecast by Applications
10.10.1 Plastic Composites
10.10.2 Adhesives
10.10.3 Coatings
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 Milled Glass Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Type
11.6.1 1/8 Inch
11.6.2 1/16 Inch
11.6.3 1/32 Inch
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 Milled Glass Fiber Market Size Forecast by Applications
11.10.1 Plastic Composites
11.10.2 Adhesives
11.10.3 Coatings
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 Milled Glass Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America Milled Glass Fiber 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 Milled Glass Fiber Market Size Forecast by Type
12.6.1 1/8 Inch
12.6.2 1/16 Inch
12.6.3 1/32 Inch
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 Milled Glass Fiber Market Size Forecast by Applications
12.10.1 Plastic Composites
12.10.2 Adhesives
12.10.3 Coatings
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) Milled Glass Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Milled Glass Fiber 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) Milled Glass Fiber Market Size Forecast by Type
13.6.1 1/8 Inch
13.6.2 1/16 Inch
13.6.3 1/32 Inch
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) Milled Glass Fiber Market Size Forecast by Applications
13.10.1 Plastic Composites
13.10.2 Adhesives
13.10.3 Coatings
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 Milled Glass Fiber Market: Competitive Dashboard
14.2 Global Milled Glass Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Electric Glass
14.3.2 Corazzi Fiber
14.3.3 Central Glass Co.，Ltd.
14.3.4 Trojan Fiberglass
14.3.5 Owens Corning
14.3.6 Nittobo
14.3.7 MAS Epoxies
