Glass Fibers Market Rising at 8.40% CAGR due to Dynamic Growth of Multiple Application Areas: Transparency Market Research
October 26, 2015 | By Business Wire News
ALBANY, N.Y.
The global glass fibers market, according to a recent market intelligence report released by Transparency Market Research, was worth US$8 mn in 2013 and is expected to be worth more than US$14 mn by 2020. This represents expansion of the glass fibers market at an 8.40% CAGR in the given period.
Browse Research Report:http://www.transparencymarketresearch.com/glass-fibers-market.html
According to the report, the global glass fibers market is driven by their usability in a wide variety of applications, such as wind turbines, building and construction, transportation, and several consumer goods. The dynamic rise of virtually all of the application areas of glass fibers has helped the global glass fiber market massively. Glass fibers are now by far the most dominant fibers used in fiber-reinforced plastics.
Get Sample Report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4049
With the availability of low-cost labor and readymade manufacturing setups in countries such as China and India, Asia Pacific emerged as the largest regional segment of the global glass fibers market in 2013. The region accounted for 45% of the global glass fiber market in 2013 and is expected to hold a majority share by the end of the forecast period. The cheap glass fiber products manufactured in Asia Pacific are often exported to North America and Europe, the second and third largest regional markets for glass fibers.
The report also profiles major players in the global glass fiber market in order to illustrate the terrain of the market’s competitive landscape. Company profiles of Owens Corning Corporation, PPG Industries, Inc., Jushi Group Co. Ltd., Nippon Electric Glass Co. Ltd., Johns Manville Corporation, AGY Holding Corporation, and others provided in the report will help readers form a clear picture of the market’s competitive hierarchy, allowing them to devise winning strategies and stay away from unsuccessful gambits.
Other Research:
Glass Packaging Market:http://www.transparencymarketresearch.com/glass-packaging.html
About TMR
Transparency Market Research (TMR) is a U.S. based market Intelligence Company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151026005931/en/
Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/