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High Performance Glass Fiber Market Trends and Forecast

The future of the global high performance glass fiber intermediate material market looks attractive with opportunities in aerospace & defense, wind energy, automotive, pressure vessels, civil engineering, marine, electrical and electronics, and sporting goods end uses. The global high temperature composite resin market is expected to reach an estimated $242 billion by 2030 with a CAGR of 4% from 2024 to 2030. The major drivers in this market are increasing demand for high stiffness, lightweight, low styrene emission and environment regulations which are driven in high performance applications.

  • Lucintel forecasts wind energy will remain the largest end use segment over the forecast period. 
  • S-glass will remain the largest segment over the forecast due to increasing penetration of S-glass in aerospace and defense applications for strength, fiber toughness, tensile and compressive modulus and impact resistance.
  • APAC is expected to remain the largest region by value and volume over the forecast period. 

High Performance Glass Fiber Market by End Use, Product Type, and Product Form

 

North America is expected to remain the largest region in the High Performance Glass Fiber Market

  1. United States: Leading glass fiber companies like Owens Corning and PPG Industries are driving innovations in the US market. Initiatives such as the Advanced Manufacturing Partnership (AMP) promote the development of high-performance materials like glass fiber. The US government supports research and development in advanced materials through agencies like the National Science Foundation (NSF). 
  2. Germany: German glass fiber manufacturers, including AGY Holding Corp. and SAERTEX GmbH & Co. KG, are known for their high-quality products. Government initiatives promote innovation in advanced materials through programs like the German Federal Ministry of Education and Research (BMBF). The German Federal Institute for Materials Research and Testing (BAM) ensures the quality and safety of glass fiber products. 
  3.  China: Chinese glass fiber companies like Jushi Group Co., Ltd. and Taishan Fiberglass Inc. are expanding their production capacities. Government initiatives support the development of the glass fiber industry through programs like the China Innovation Alliance of the Graphene Industry. The Ministry of Industry and Information Technology (MIIT) oversees regulations and standards for glass fiber manufacturing. 
  4. Japan: Japanese glass fiber manufacturers, including Nippon Electric Glass Co., Ltd. and Asahi Fiber Glass Co., Ltd., are investing in research and development of high-performance glass fibers. Government initiatives promote the adoption of advanced materials in various industries through agencies like the Japan Science and Technology Agency (JST). The Ministry of Economy, Trade and Industry (METI) supports initiatives for technological innovation in the glass fiber sector. 
  5. India: Indian glass fiber companies like Jushi India Pvt. Ltd. and Asahi India Glass Limited are focusing on expanding their product portfolios. Government initiatives such as the National Mission on Advanced Composites Materials promote the development and adoption of high-performance materials like glass fiber. The Ministry of Micro, Small and Medium Enterprises (MSME) supports initiatives for the growth of the glass fiber industry. 

Emerging Trends in the High Performance Glass Fiber Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development low dielectric glass fiber for new applications.
A total of 127 figures / charts and 101 tables are provided in this 179-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the high performance glass fiber market report, please download the report brochure.

High Performance Glass Fiber Market by Segments

 

High Performance Glass Fiber Market by Segment

The study includes trends and forecast for the high performance glass fiber market by end use, product type, product form, and region as follows:

High Performance Glass Fiber Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

High Performance Glass Fiber Market by Product Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

  • S-Glass
  • R-Glass
  • T-Glass
  • Others 

High Performance Glass Fiber Market by Product Form [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

High Performance Glass Fiber Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of High Performance Glass Fiber Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high performance glass fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high performance glass fiber companies profiled in this report includes.

Recent Developments in High Performance Glass Fiber Market 

  1. Growing Demand for Lightweight and High-Strength Materials: Industries such as automotive, aerospace, wind energy, and construction are increasingly seeking lightweight materials with high strength and durability. High-performance glass fibers, known for their superior mechanical properties, are being utilized in composite materials to meet these demands. 
  2. Advancements in Composite Manufacturing Technologies: Continuous advancements in composite manufacturing technologies, such as automated fiber placement (AFP) and resin transfer molding (RTM), are driving the development of high-performance glass fiber composites. These technologies enable precise control over fiber orientation and resin distribution, resulting in optimized mechanical properties and performance. 
  3. Focus on Sustainability and Recyclability: With increasing emphasis on sustainability and environmental responsibility, manufacturers are exploring ways to develop high-performance glass fibers with improved recyclability and reduced environmental impact. Innovations in recycling technologies and the use of bio-based materials in glass fiber production are gaining traction in the industry.
  4. Expansion of Applications in Emerging Industries: High-performance glass fibers are finding new applications in emerging industries such as additive manufacturing, medical devices, and sporting goods. Their unique combination of properties, including high strength, stiffness, and corrosion resistance, makes them suitable for a wide range of specialized applications requiring advanced materials. 
  5. Investments in Research and Development: Major manufacturers of high-performance glass fibers are investing in research and development to innovate new products and improve existing ones. These investments aim to push the boundaries of material performance, enhance manufacturing efficiency, and meet the evolving needs of end-users across various industries. 

Features of High Performance Glass Fiber Market  

  • Market Size Estimates: High performance glass fiber market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by end use, product type, product form  and region
  • Regional Analysis: High performance glass fiber market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different end use, product type, product form, and regions for the high performance glass fiber market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the high performance glass fiber market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the high performance glass fiber market size?
Answer: The high performance glass fiber market is expected to reach an estimated $242 million by 2030.           
Q2. What is the growth forecast for high performance glass fiber market?
Answer: The high performance glass fiber market is expected to grow at a CAGR of 4% from 2024 to 2030. 
Q3. What are the major drivers influencing the growth of the high performance glass fiber market?
Answer: The major drivers in this market are increasing demand for high stiffness, lightweight, low styrene emission and environment regulations which are driven in high performance applications.     
Q4. What are the major applications or end use industries for high performance glass fiber market?
Answer: Aerospace & defense and electrical and electronics are the major end use for high performance glass fiber market.   
Q5. What are the emerging trends in high performance glass fiber market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development low dielectric glass fiber for new applications. 
Q6. Who are the key high performance glass fiber companies?
Answer: Some of the key high performance glass fiber companies are as follows:

  • AGY Holding
  • Owens Corning
  • 3B Fiber Glass Company
  • Vetrotex
  • Taishan Fiberglass Inc
  • Chongqing Polycomp International Corporation

Q7.Which high performance glass fiber material segment will be the largest in future?
Answer: Lucintel forecasts that S-glass will remain the largest segment over the forecast due to increasing penetration of S-glass in aerospace and defense applications for strength, fiber toughness, tensile and compressive modulus and impact resistance.
Q8: In high performance glass fiber market, which region is expected to be the largest in next 5 years?
Answer: North America  is expected to remain the largest over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

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 (aerospace and defense, wind energy, automotive, pressure vessel, construction, marine, electrical and electronics, sporting goods and others), product type (S-glass, R-glass and T-glass and others), and product form (roving, chopped and yarn), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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 the emerging trends in this market and the reasons behind them?
Q.7 What are the 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 major 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 how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to high performance glass fiber market or related to high performance glass fiber market share, high performance glass fiber market analysis, high performance glass fiber market size, high performance glass fiber manufacturers, and high performance glass fiber applications, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon.

   
Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Global High Performance Glass Fiber Market Trends and Forecast
3.3: Global High Performance Glass Fiber Market by End Use
3.3.1: Aerospace and Defense
3.3.2: Wind Energy
3.3.3: Automotive
3.3.4: Pressure Vessels
3.3.5: Civil Engineering
3.3.6: Marine
3.3.7: Electrical and Electronics
3.3.8: Sporting Goods
3.3.9: Other
3.4: Global High Performance Glass Fiber Market by Product Type
3.4.1: S-Glass
3.4.2: R-Glass
3.4.3: T-Glass
3.4.4: Others
3.5: Global High Performance Glass Fiber Market by Product Form
 
4. Market Trends and Forecast Analysis from 2018 to 2030
4.1: Global High Performance Glass Fiber Market by Region
4.2: North American High Performance Glass Fiber  Market Trends and Forecast
4.2.1: Market by End Use:  Aerospace & Defense, Wind Energy, Automotive, Pressure Vessels, Civil Engineering, Marine, E&E, Sporting Goods, and Others
4.3: European High Performance Glass Fiber Market Trends and Forecast
4.3.1: Market by End Use:  Aerospace & Defense, Wind Energy, Automotive, Pressure Vessels, Civil Engineering, Marine, E&E, Sporting Goods, and Others
4.4: APAC High Performance Glass Fiber Market Trends and Forecast
4.4.1: Market by End Use:  Aerospace & Defense, Wind Energy, Automotive, Pressure Vessels, Civil Engineering, Marine, E&E, Sporting Goods, and Others
4.5: ROW High Performance Glass Fiber Market Trends and Forecast
4.5.1: Market by End Use:  Aerospace & Defense, Wind Energy, Automotive, Pressure Vessels, Civil Engineering, Marine, E&E, Sporting Goods, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global High Performance Glass Fiber Market by End Use
6.1.2: Growth Opportunities for the Global High Performance Glass Fiber Market by Product Type
6.1.3: Growth Opportunities for the Global High Performance Glass Fiber Market by Product Form
6.1.4: Growth Opportunities for the Global High Performance Glass Fiber Market by Region
6.2: Emerging Trend in the Global High Performance Glass Fiber Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global High Performance Glass Fiber Market
 
7. Competitor Analysis
7.1: AGY Holding
7.2: Owens Corning
7.3: 3 B Fiber Glass Fiber
7.4: Vetrotex
7.5: Taishan Fiberglass Inc
7.6: Chongqing Polycomp Intetrnational Corporation (CPIC)
 

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127 figures/charts and 101 tables are provided in this 179 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.