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 vessel, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine industry. The global high performance glass fiber market is expected to reach an estimated $260.2 million by 2027 with a CAGR of 6.5% from 2021 to 2027. 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.
In this market, S-glass R-glass, and, T-glass are the major product types utilized to manufacture composites parts for various end use in high performance glass fiber. 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 will spur growth for S-glass. T-glass is expected to witness the highest growth over the forecast period.
Within this market, aerospace and defense will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to increasing demand for lighter aircraft to increase fuel economy by lowering operating cost.
North America is expected to remain the largest region over the forecast period due to manufacturing hub of the aerospace & defense industry with the presence of several small- to large-sized OEMs, tier players, and high-performance glass fiber manufacturers. APAC is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include development low dielectric glass fiber for new applications. AGY Holdings, Owens Corning, 3B Fiber Glass, Vetrotex, Taishan Fiberglass and CPIC are among some of the players for high performance glass fiber.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high performance glass fiber market by end use, product type, product form, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the High Performance 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 high performance glass fiber market by end use, product type, product form, and region.as follow:
By End Use [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
Aerospace & Defense
Wind Energy
Automotive
Pressure Vessels
Civil Engineering
Marine
E&E
Sporting Goods
Others
By Product Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
S-Glass
R-Glass
T-Glass
Others
By Product Form [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
By Region [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 179-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/high-performance-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 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 & defense, pressure vessel, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine, and others), product type (S-glass, R-glass, T-glass and others), 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?