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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are growth in automotive production and increasing aircraft deliveries.
Browse 80 market data tables and 124 figures spread through 170 pages and in-depth TOC on “Global High Performance Glass Fiber Market"
To download report brochure, please go to https://www.lucintel.com/high-performance-glass-fiber-market.aspx and click "report brochure" tab from the menu.
In this market, different types of high performance glass fiber such as S-glass, R-glass and T-glass are used as product type. On the basis of comprehensive research, 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 high performance glass fiber industry, includes penetration of low dielectric glass fiber in high performance PCB. AGY Holdings, Owens corning, 3B Fiberglass, Vetrotex, CPIC Fiberglass, and Nittobo and others are among the major high performance glass fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global high performance glass fiber market by end use industry, product type, product form, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global High Performance Glass Fiber Market 2020-2025: 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 global high performance glass fiber market by end use industry, product type, product form, and region as follows:
By End Use Industry ($ Million and Million Pounds shipment analysis for 2014 to 2025):
Aerospace & Defense
Wind Energy
Automotive
Pressure Vessels
Civil Engineering
Marine
E&E
Sporting Goods
Others
By Product Type ($ Million and Million Pounds shipment analysis for 2014 to 2025):
S-Glass
R-Glass
T-Glass
Others
By Product Form ($ Million and Million Pounds shipment analysis for 2014 to 2025):
By Region ($ Million and Million Pounds shipment analysis for 2014 to 2025):
North America
Europe
Asia Pacific
The Rest of the World
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 click on this link https://www.lucintel.com/high-performance-glass-fiber-market.aspx or 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.