Global Glass Fibers Market to Be Defined by the High Demand From Building and Construction Industry and Chinese Manufacturing Prowess: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has announced the release of a report titled “Glass Fibers (E-class Glass Fibers and Performance Glass Fibers) Market for Building & Construction, Transportation, Industrial, Consumer Goods, Wind Turbine and Other Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the global glass fibers industry was estimated at US$8 billion in 2013. The market will be worth US$14.07 billion in 2020, growing at an 8.4% CAGR during the forecast period of 2014-2020.
The global glass fibers market is largely stimulated due to the surging demand from marine and automotive applications that would help sustain the future of the market. The growing building and construction segment is also a strong factor influencing the demand for glass fibers in the global market.
In contrast, the government subsidies offered to Chinese manufacturers, which in turn affect the European manufacturers negatively along with the growing threat from carbon fibers is expected to hamper the long term growth of the global glass fibers market.
On the basis of region, the global glass fibers market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). By product segment, the global glass fibers market is segmented into E-class glass fibers and performance glass fibers. By application, the global glass fibers market is bifurcated into transportation, building and construction, consumer goods, wind turbine, industrial, and others including fiber glass cloth, oil and gas applications, and other applications.
Some of the notable players in the global glass fiber market include Owens Corning, Jushi Group Co. Ltd., Taishan Fiberglass, Inc., CPIC, Nippon Electric Glass Co., Ltd., PPG Industries Inc., among others.
Textile Chemicals Market: http://www.transparencymarketresearch.com/textile-chemicals-market.html
About Transparency Market Research
Transparency Market Research 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.