-Unique characteristics of glass fiber such as excellent resistance, low weight, and high strength are estimated to bring considerable growth prospects for the glass fiber market
-Expanding construction sector in numerous regions is likely to serve as growth booster for the glass fiber market
ALBANY, N.Y., Jan. 18, 2022 /PRNewswire/ -- Transparency Market Research: The demand for glass fiber is rising in various industries, including automotive and construction sectors, and end users. This unprecedented demand from numerous sectors is expected to offer considerable growth opportunities to the glass fiber market during the forecast period of 2019-2027.
Glass fibers are materials created from fine fiber of glass, which is a non-crystalline material with a short-range network structure. The exceptional properties of glass fiber are expected to lead to substantial growth of the glass fiber market.
Transparency Market Research (TMR) has conducted research on various aspects related to the glass fiber market. The analysts at TMR expect the global market for glass fiber to expand at a CAGR of 7.8% during the forecast period. The glass fiber market was valued at US$ 11.35 Bn in 2018 and anticipated to reach US$ 22.32 Bn by 2027.
Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4049
The building & construction sector will prove to be significant growth generator for the glass fiber market. Rising urbanization across various regions and emergence of smart cities are projected to serve as profitable growth prospects for the glass fiber market. The booming population is also the reason for the overall growth of the glass fiber market. Growing investments in R&D activities are likely to drive the glass fiber market.
Key Findings of Report
Rising Demand for E-glass Fiber to Drive Glass Fiber Market
The demand for e-glass fiber has increased extensively over the years. The high tensile strength of materials has attracted exponential demand. It is also used as the reinforcing phase in the material commonly known as fiberglass. Thus, the increasing demand for glass fiber among a considerable share of the populace will prove to be a significant growth generator.
Ask for Special Discount on Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=4049
Building & Construction Segment to Observe Growth Due to Rapid Urbanization
Emergence of smart cities and rapid urbanization in various regions have led to an increase in the construction of residential and commercial buildings. Based on these factors, the building and construction application segment is estimated to expand at a CAGR of 7.9% during the forecast period.
Rising Popularity of Wind Turbines to Invite Profitable Growth
The popularity of wind turbines is expanding at a rapid rate. Wind turbines are used for generating electricity through wind. Government bodies of numerous countries are encouraging the use of renewable energy to generate electricity. The generation of electricity through wind turbines is one of the prominent methods of renewable energy. Thus, these factors prove to be profitable for the glass fiber market. Among the application segments, the wind turbine segment is prognosticated to prosper at a rapid rate during the forecast period.
Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4049
Asia Pacific to Emerge as Major Glass Fiber Market
The ever-increasing building &construction sector in developing economies such as India and China coupled with growing urbanization will have a profound impact on the growth of the glass fiber market in Asia Pacific. Asia Pacific held a share of 48% of the glass fiber market in 2018. The region is expected to follow a similar trend during this forecast period as well.
Some well-entrenched players in the glass fiber market are Jiangsu Jiuding New Material Co. Ltd, PPG Industries, Inc., CHONGQING POLYCOMP INTERNATIONAL CORP, Nippon Electric Glass Co., Ltd, Saint-Gobain Vetrotex, and PPG Industries, Inc.
Buy an Exclusive Research Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=4049<ype=S
The Global Glass Fibers Market has been segmented as presented below:
Glass Fibers Market: Product
- E-Class Glass Fiber
- Performance Glass Fiber
Glass Fibers Market: Application
- Building & Construction
- Transportation
- Industrial
- Consumer Goods
- Wind Turbine
- Others (Including Oil & Gas, etc.)
Glass Fibers Market: Regional Analysis
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research's award-winning coverage of the global Chemicals & Materials Market:
Polyimide Fibers Market - https://www.transparencymarketresearch.com/polyimide-fibers-market.html
Spandex Fibers Market - https://www.transparencymarketresearch.com/spandex-fibers-market.html
Natural Fiber Market - https://www.transparencymarketresearch.com/natural-fiber-market.html
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/glass-fibers-market.htm
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
