Glass Fiber Reinforcement Materials Market was valued at USD 15.2 Billion in 2022 and is projected to reach USD 26.3 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global glass fiber reinforcement materials market was valued at approximately USD 14.2 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. This growth is driven by increasing demand for lightweight and high-strength materials in automotive, aerospace, and construction industries. Glass fiber reinforcement materials are sought after for their durability, cost-effectiveness, and efficiency in enhancing the mechanical properties of composite materials. The sector is experiencing significant expansion due to technological advancements and the rising trend towards sustainable and high-performance materials.
Opportunity analysis indicates that emerging markets, particularly in Asia-Pacific regions, present substantial growth potential. Rapid industrialization and infrastructure development in these areas are contributing to the rising consumption of glass fiber reinforcement materials. Additionally, the increasing focus on renewable energy sources, such as wind energy, is expected to further drive market demand. Innovations in manufacturing processes and product applications are likely to open new avenues for market expansion, offering promising prospects for stakeholders and investors in the global glass fiber reinforcement materials sector.
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PPG Fiberglass
Owens Corning
Taishan Fiberglass
Jushi Group
3B-Fiberglass
China Fiberglass Company
BASF SE
AGY Holding Corp.
Jiangsu Jiuding New Material Co. Ltd
Advanced Glassfiber Yarns
Chongqing Polycomp International Corp
Nippon Electric Glass Co. Ltd.
Saint-Gobain Vetrotex
Asahi Glass
Johns Manville
Ahlstrom GlassFibre OY
Shanghai Xiao-Bao FRP
Formax Ltd.
Gunther Kast GmbH
LANXESS AG
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glass Fiber Reinforcement Materials Market
Construction
Transportation
Industrial
Consumer Goods
Wind Energy
Others
Based on Types the Market is categorized into Below types that held the largest Glass Fiber Reinforcement Materials market share In 2023.
Roving
Woven Roving
Fabrics
Chopped Strand
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glass Fiber Reinforcement Materials Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glass Fiber Reinforcement Materials Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass Fiber Reinforcement Materials Market, By Type
6. Global Glass Fiber Reinforcement Materials Market, By Application
7. Global Glass Fiber Reinforcement Materials Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glass Fiber Reinforcement Materials Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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