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High-Performance Glass Fiber Market to Amass US $741.3 Million by 2025

November 26, 2019 GMT
As per the report, high-performance glass fiber market was worth US $470.2 million in 2018 and is estimated to grow with a CAGR of 6.7% through 2025.
As per the report, high-performance glass fiber market was worth US $470.2 million in 2018 and is estimated to grow with a CAGR of 6.7% through 2025.

SELBYVILLE, Del. - November 26, 2019 - ( Newswire.com )

According to the recent study available with MarketStudyReport.com under the title ’ Global High-Performance Glass Fiber Market Insights, Forecast to 2025 ’, the global high-performance glass fiber market is presumed to accumulate US $741.3 million by the year 2025.

High-performance glass is produced by using numerous extremely fine glass fibers which are adjusted according to the required composition of glass. The key factor propelling the growth of the high-performance glass fiber market is extensive application across the automotive industry. High specific strength coupled with low cost make it a viable material choice for high-performance application. Increasing the use of high-performance glass fiber in aircraft deliverables will further boost market growth.

As per the report, high-performance glass fiber market was worth US $470.2 million in 2018 and is estimated to grow with a CAGR of 6.7% through 2025. The study also analyzes the competitive landscape of the market and offers insights such as existing barriers and recommendations for new entrants. It suggests that candidates with money and negligible technical knowledge should not enter the market as the competition is intense and upstream & downstream segments do not support such entrants.

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Based on type, the high-performance glass fiber market is divided into non-polymer composites and polymer composites. While as per application spectrum, the market is segmented as sporting goods, automotive, aerospace & defense, electrical & electronics, wind energy, and others.

In terms of regional landscape, the global high-performance glass fiber market is bifurcated into five geographies; Asia Pacific is split into South Korea, China, Japan, Indonesia, India, Australia, Malaysia, Philippines, Thailand, and Vietnam; US, Canada, and Mexico fall under North America; Central & South America consists of Brazil, and rest of South America; France, Germany, Russia, UK, Italy, and rest of Europe comprise Europe; and Middle East & Africa is composed of Egypt, Turkey, South Africa, GCC Countries, and rest of MEA.

The key manufacturers operating in high-performance glass fiber market are Chongqing Polycomp International Corp., AGY Holdings, Nittobo, Owens Corning, 3B Fiberglass, Taishan Fiberglass, Nippon Electric Glass, Jushi Group Co., and Johns Manville.

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Question & Answer: High-performance Glass Fiber Market

Question 1: Why is the high-performance glass fiber market witnessing continuous growth?

Answer: The key factor propelling the growth of the high-performance glass fiber market is extensive application across the automotive industry. High specific strength coupled with low cost makes it a viable material choice for high-performance application. The increasing use of high-performance glass fiber in aircraft deliverables will further boost the market growth.

Question 2: How will the high-performance glass fiber market grow in the upcoming years?

Answer: High-performance glass fiber market was worth US $470.2 million in 2018 and is estimated to grow with a CAGR of 6.7% through 2025.

Question 3: Which segmentations will impact the global high-performance glass fiber market trends?

Answer: Based on type, the high-performance glass fiber market is divided into non-polymer composites and polymer composites, while as per application spectrum, the market is segmented as sporting goods, automotive, aerospace & defense, electrical & electronics, wind energy, and others.

Question 4: What companies constitute the competitive landscape of the high-performance glass fiber market?

Answer: The key manufacturers operating in the high-performance glass fiber market are Chongqing Polycomp International Corp., AGY Holdings, Nittobo, Owens Corning, 3B Fiberglass, Taishan Fiberglass, Nippon Electric Glass, Jushi Group Co., and Johns Manville.

Related Report:

Global High-Temperature Refractory Insulation Material Market

A comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global High-Temperature Refractory Insulation Material Market by Value (USD Million). The report has further analysed the High Temperature Refractory Insulation Material Market by Material Type (Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others) and by End Users (Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others). The Global High-Temperature Refractory Insulation Material Market has been analysed By Region (America, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, China, Japan, India) for the historical period of 2014-2018 and the forecast period of 2019-2024.

The Global High-Temperature Refractory Insulation Material Market was valued at USD 4,734.25 Million in the year 2018. Key responsible factors for the high demand for High-Temperature Refractory Insulation Materials include product performance, durability and growing adoption in developed and developing countries. Refractories products have been finding its major applications in the manufacturing process for steel, iron, glass, ceramics, metal and cement industries. Moreover, Iron & steel and glass & ceramics industries are anticipated to boost the market growth in the coming years owing to the growing applications.

Rising concern for safety in the workplace environment, backed with various advantages offered by these refractory products according to the temperature range and raw materials is also augmenting the market growth rate. Additionally, the innovation and technological advancement has enabled the emergence of several refractory products with long-lasting and efficient features.​

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Original Source: High-Performance Glass Fiber Market to Amass US $741.3 Million by 2025