According to a new market report published by Lucintel, the future of the Chinese glass fiber market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, and consumer goods end uses. The Chinese glass fiber market is expected to reach an estimated $4.1 billion by 2027 with a CAGR of 7.0% from 2021 to 2027. The major driver for market growth is high demand of glass fiber in electrical and electronics segment specially for printed circuit boards where glass fiber are used in manufacturing of parts and support in rising trend of miniaturization and compact with portable devices.
In this market, E/ECR-glass fiber and S-glass fiber are the major fiber types of Chinese glass fiber market. Lucintel forecasts that E/ECR-glass fiber is expected to remain the largest fiber type segment by value and volume over the forecast period due to its increasing use in various industries for its properties like strength, electrical resistance, and higher acid corrosion resistance made with calcium aluminosilicates.
Within the Chinese glass fiber market, electrical and electronics will remain the largest end use by value and volume over the forecast period due to the rising adoption of smartphones, IOT device, and growing demand for electronics in the automotive, aerospace, and electrical and electronics drives the demand of overall electrical and electronic market. Aerospace segment is expected to witness highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the Chinese glass fiber industry, includes innovation trends focused on ultra-high modulus glass fiber and glass fiber based composites part using 3D technology. China Jushi, CPIC, Owens Corning, Taishan Fiberglass, and Sichuan Weibo are among the major India glass fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Chinese glass fiber market by end use, manufacturing process, fiber type, and product type. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Chinese Glass Fiber Market 2022-2027: 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 Chinese glass fiber market by end use, manufacturing process, fiber type, and product type:
By End Use [Value ($M) and Volume (KT) shipment analysis for 2016 – 2027]:
Transportation
Marine
Wind Energy
Aerospace
Pipes and Tanks
Construction
Electrical and Electronics
Consumer Goods
Other End Uses
By Manufacturing Process [Value ($M) and Volume (KT) shipment analysis for 2016 – 2027]:
Hand Lay-Up
Spray Up
Resin Infusion
Pultrusion
Injection Molding
Compression Molding
Filament Winding
Prepreg Layup
Other Manufacturing Processes
By Fiber Type [Value ($M) and Volume (KT) shipment analysis for 2016 – 2027]:
E/ECR-Glass Fiber
S-Glass Fiber
Other Glass Fibers
By Product Type [Value ($M) and Volume (KT) shipment analysis for 2016 – 2027]:
Single-End Roving
Multi-End Roving
Chopped Strand Mat
Fabrics
Continuous Filament Mat
Chopped Strand
Woven Roving
This 199-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 click on this link www.lucintel.com/china-glass-fiber-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Chinese glass fiber market by end use (transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, consumer goods, and others), manufacturing process (hand layup, spray-up, resin infusion, pultrusion, injection molding, compression molding, filament winding, prepreg layup, and others), fiber type (E/ECR-glass fiber, S-glass fiber, and other glass fibers), and product type (single-end roving, multi-end roving, chopped strand mat, fabrics, continuous filament mat, chopped strand, and other product types)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 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.10 What M & A activities have taken place in the last 5 years in this market?