Global Glass Fiber Reinforcement Materials Market, By Product Type (Chopped Strands, Chopped Strand

Published Date: | Report Code : MT1958326


Glass fiber consists of highly thin fibers of glass and is used to make fiberglass. It is used in construction and transportation industries. Glass fiber is the most widely used fiber in the reinforcement industry, due to its benefits over others, such as low price, strength, durability, high impact resistance, and several others.

Glass fiber roving applications include pipes, tanks, leaf springs, and many other structural composites. Also, they are used in the manufacture of printed circuit boards and a wide range of special-purpose products. Chopped Strand Mat is a non-woven glass fiber reinforced material. It is produced by spreading continuous filament roving of 50mm in length, distributed at random evenly kept together with powder or emulsion binder. Likewise, there are few other types of glass fiber reinforcement materials that find their application in construction, electronics, aerospace, automotive and industrial sectors.

The global glass fiber reinforcement materials market is growing with the increasing demand from the construction and transportation industry, exceptional properties of glass fiber over other reinforcement materials, and low cost compared to carbon fiber. Additionally, rising energy costs and strict government regulations are influencing the growth of the global glass fiber reinforcement materials market. Furthermore, the introduction of carbon/glass hybrids for use in industries where carbon fiber use is expensive and developing glass fibers with desired properties are fueling the growth for the global glass fiber reinforcement materials market.

Key Factors Impacting Market Growth:

  • Low cost, lightweight and durability
  • Increasing focus on green buildings
  • Growing demand for value-added glass products
  • Recycling issue of glass fiber reinforcement materials

Regional Analysis

The regional outlook section for the global glass fiber reinforcement materials market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period. Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. The rest of the World consisting of South America and Africa are estimated to be emerging regions for the global glass fiber reinforcement materials market during the forecast period.

Companies Covered: 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.

Market Segmentation:

By Product Type:

  • Chopped Strands
  • Chopped Strand Mat (CSM)
  • Continuous Filament Mat (CFM)
  • Rovings
  • Woven Rovings
  • Fabrics
  • Others

 By End Users:

  • Aerospace & Defense
  • Electricals & Electronics
  • Consumer Goods
  • Construction
  • Wind Energy
  • Marine
  • Industrial
  • Automotive & Transportation
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By End Users
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By End Users
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By End Users
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By End Users
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By End Users
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the global glass fiber reinforcement materials market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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