Glass Fiber Reinforcement Materials Market Report, Analysis, Share, Trends, Estimations & Forecast to 2023

According to Stratistics MRC, the Global Glass Fiber Reinforcement Materials Market is expected to grow from $9217.47 million in 2016 to reach $16143.84 million by 2023 with a CAGR of 8.3%.

Rise in the construction industry, increasing focus on green buildings, and growing demand for value added glass products are some of the major factors favoring the market growth. In addition, rising energy costs, and strict government regulations are influencing the market growth. On the other hand, recyclability of glass fiber reinforcement materials is poses a major challenge for the market.

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Among all the products, roving segment is anticipated to register a higher CAGR during the forecast period. The growth is attributed to the increasing usage of rovings in tanks, pipes and other structural composites. Asia Pacific is expected to witness a high growth rate due to increasing infrastructural activities, growing demand from automotive industry and raising demand from China.

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Some of the key players in Global Glass Fiber Reinforcement Materials Market include 3B-Fiberglass, Advanced Glassfiber Yarns LLC, Asahi Glass, Basf SE, BGF Industries, Chomarat Group, Chongqing Polycomp International Corp., Johns Manville, Jushi group, Nippon Electric Glass co., Ltd., Nitto Boseki Co. Ltd, Owens Corning, PPG Fiberglass, Saint-Gobain Vetrotex, and Taishan Fiberglass.

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Product Types Covered:
• Chopped strands
• Chopped Strand Mat (CSM)
• Continuous Filament Mat (CFM)
• Rovings
• Woven rovings
• Fabrics
• Other product types

End Users Covered:
• Aerospace & Defense
• Electricals and Electronics
• Consumer goods
• Construction
• Wind energy
• Marine
• Industrial
• Automotive & Transportation
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC

We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Phone: +1-301-202-5929

Release ID: 229804