Global Glass Fiber Market 2017-2021




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About Glass Fiber

Glass fiber comprises many extremely fine fibers of glass and is amorphous in nature. Glass fiber can also be used as a reinforcement material in plastic. Silicon dioxide, calcium dioxide, aluminum dioxide, and boron oxide are the key raw materials used in the production of glass fibers.
Glass fiber is used in mats and fabrics as it offers corrosion resistance and thermal and electrical insulation. It is used in construction, aerospace tooling, automotive, electronics, and wind energy industries because of its excellent mechanical properties such as high tensile strength, stiffness, dimensional stability, thermal conductivity, and chemical resistance. Glass fiber reinforced concrete (GFRC) is a high-performance building material that is used in the construction industry. Owing to its low weight, high strength-to-weight ratio, and excellent durability, it is used in the automotive and wind energy industries.

Technavios analysts forecast the global glass fiber market to grow at a CAGR of 7.40% during the period 2017-2021

Covered in this report
The report covers the present scenario and the growth prospects of the global glass fiber market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

Technavio's report, Global Glass Fiber market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Nippon Electric Glass
Owens Corning
PPG Industries
Other prominent vendors
China Beihai Fiberglass
CPIC Abahsain Fiberglass
Fiber-Tech Industries
Jiangsu Jiuding New Material
Johns Manville
Jushi Group
Hubei Huierjie New Material Technology
Taishan Fiberglass
Market driver
Increasing demand for glass fibers in construction
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Market challenge
Availability of substitutes
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Market trend
Rising preference for lightweight materials
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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