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.
According to this study, over the next five years the Fiberglass market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 9260 million by 2023, from US$ 7430 million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Fiberglass business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Fiberglass market by product type, application, key manufacturers and key regions and countries.
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This study considers the Fiberglass value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 11.7.
Roving Glass Fibers
Chopped Glass Fibers
Yarn Glass Fibers
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Taishan Fiberglass (Sinoma)
Nippon Electric Glass
Advanced Glassfiber Yarns
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Fiberglass consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Fiberglass market by identifying its various subsegments.
Focuses on the key global Fiberglass manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fiberglass with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Fiberglass submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.