According to a new market report published by Lucintel, the future of the high performance glass fiber market looks attractive with opportunities in aerospace & defense, pressure vessels, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine industry. The global high performance glass fiber market is expected to grow at a CAGR of 4.7% from 2019 to 2024. The major drivers for this market are growth in automotive production and increasing aircraft deliveries.
In this market, S-glass, R-glass, and T-glass are the major fibers utilized to manufacture composite parts for various end use industries. Lucintel forecasts that S-glass fiber will remain the largest segment by value and volume and it is also expected to witness the highest growth over the forecast period due to its high tensile strength, tensile modulus, and high chemical & heat resistance compared to E/ECR glass fiber.
Within this market, aerospace and defense will remain the largest market by value and volume and witness the highest growth over the forecast period due to growth in aircraft deliveries and increasing demand for lightweight materials.
North America will remain the largest region by value and volume due to growth in aircraft deliveries, increasing length of wind blades, and automotive production. Asia Pacific is expected to witness the highest growth over the forecast period due to growth in end use industries.
An emerging trend, which has a direct impact on the dynamics of the industry, includes penetration of low dielectric glass fiber in high performance PCB. AGY Holdings, Owens corning, 3B Fiberglass, Vetrotex, CPIC Fiberglass, and Nittobo are among the major manufacturers of the global high performance glass fiber market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high performance glass fiber market by end use industry, product type, and product form. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the High Performance Glass Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the high performance glass fiber market by end use industry, product type, and product form as follows:
By End Use Industry ($ Million and Million Pounds shipment analysis for 2013 to 2024):
• Aerospace & Defense
• Wind Energy
• Pressure Vessels
• Civil Engineering
• Sporting Goods
By Product Type ($ Million and Million Pounds shipment analysis for 2013 to 2024):
By Product Form ($ Million and Million Pounds shipment analysis for 2013 to 2024):
By Region ($ Million and Million Pounds shipment analysis for 2013 to 2024):
• North America
• Asia Pacific
This 170-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@Lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, growth opportunities for the high performance glass fiber market by end use application (transportation, construction, aerospace and defense, wind energy, and others), by product type (S-glass, R-glass and T-glass), and by product form (roving, chopped and yarn)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and to what extent do they pose a threat for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this market?