The
global glass fibers market was valued at US$ 8 Bn in 2013 and is
likely to reach US$ 14.07 Bn in 2020, expanding at a CAGR of 8.4%
between 2014 and 2020.
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Glass fibers Market Report with Full TOC at
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Glass
fibers are the most important reinforcement materials used in fiber
reinforced plastics, as these offer a range of desirable properties
such as low weight, high strength, high modulus, impact resistance,
and chemical and electrical resistance. Glass fiber reinforced
plastics are employed in various applications due to these
characteristics.
In
terms of types of products, the glass fibers market can be segmented
into E-class glass fibers and performance glass fibers. Performance
glass fibers include C-class glass fibers, S-class glass fibers and
D-class glass fibers; these offer special characteristics, and are
therefore used in technical applications. Owing to their lower cost,
high tensile strength, and high modulus, E-class glass fibers
accounted for over 85% of the glass fibers market in 2013.
Performance glass fibers are relatively costlier; these are used in
limited applications in general-use products. Building &
construction accounted for the largest market share among all
applications, followed by transportation application in 2013.
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Building
& construction and transportation applications drive the market
for glass fibers. Revival of building & construction activities
in North America, coupled with sustained growth of the application in
Asia Pacific has boosted the global glass fibers market. Furthermore,
demand for glass fibers reinforced plastics (GFRPs) has increased due
to growth in automotive and marine manufacturing, as these offer
characteristics such as lower weight and lower cost as compared to
conventional materials. Application of glass fibers in wind turbines
is likely to increase at the fastest pace owing to the high rate of
wind turbine installations across the world.
Led
by China, Asia Pacific accounted for the largest share (over 45%) of
the global demand for glass fibers in 2013. Europe and North America
followed Asia Pacific in terms of demand for styrenic polymers in
2013. The market for styrenic polymers in Asia Pacific is also
projected to experience the fastest growth rate during the forecast
period.
The
report provides in-depth analysis of the glass fibers market in terms
of volume (kilo tons) and revenue (US$ Mn). It includes current
demand analysis and forecast for each product segment and application
at the global and regional level. Regions analyzed include North
America, Europe, Asia Pacific and Rest of the World. The report
comprises the following segments:
Browse
Press Release Glass Fibers Market
http://www.transparencymarketresearch.com/pressrelease/glass-fibers-market.htm
Glass
Fibers Market - Product Segment Analysis
- E-class Glass fibers
- Performance Glass fibers
Glass
Fibers Market - Application Analysis
- Building & Construction
- Transportation
- Industrial
- Consumer Goods
- Wind Turbine
- Others (Including Fiber Glass Cloth, Oil & Gas Applications, etc.)
Glass
Fibers Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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