PUBLISHER: TechNavio | PRODUCT CODE: 1581716
PUBLISHER: TechNavio | PRODUCT CODE: 1581716
Glass Fiber Market 2024-2028
The glass fiber market is forecasted to grow by USD 4341.4 mn during 2023-2028, accelerating at a CAGR of 5.2% during the forecast period. The report on the glass fiber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for glass fibers in construction, rising demand for glass fibers in transportation industry, and increasing number of opportunities for textile glass fibers and glass fibers in electronics sector.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.9% |
CAGR | 5.2% |
Incremental Value | $4341.4 mn |
Technavio's glass fiber market is segmented as below:
By Application
By End-user
By Geographical Landscape
This study identifies the rising preference for lightweight materials as one of the prime reasons driving the glass fiber market growth during the next few years. Also, increasing demand for glass fibers in wind turbines and increasing use of boron for producing glass fibers will lead to sizable demand in the market.
The report on the glass fiber market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glass fiber market vendors that include 3B the fiberglass Co., AGY Holding Corp., Ahlstrom, CertainTeed, China Beihai Fiberglass Co. Ltd., China Jushi Co. Ltd., Chongqing Polycomp International Corp., Compagnie de Saint-Gobain S.A., Excel Glass Fiber industries P Ltd., Fiber Tech Industries Inc., Lanxess AG, Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., Owens Corning, Revex Plasticisers Pvt Ltd., Taishan Fiberglass Inc., Taiwan Glass Ind. Corp., and Thinh Phat Fiber Fiber Co. Ltd.. Also, the glass fiber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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