South Korea Glass Fiber Materials Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 3.0 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea glass fiber materials market is experiencing substantial growth, driven by a surge in demand across various industries. Glass fiber materials, known for their strength, lightweight, and corrosion resistance, are essential in numerous sectors, including automotive, construction, aerospace, and electronics. This material's versatility makes it a key component in the development of high-performance products, contributing significantly to the economy.
The primary types of glass fiber materials used in South Korea include E-glass, S-glass, and C-glass. E-glass, the most common type, is widely used in automotive parts, electrical insulation, and building materials due to its cost-effectiveness and excellent mechanical properties. S-glass, known for its superior strength and durability, is preferred in aerospace and military applications. C-glass, with its chemical resistance, is commonly used in the production of industrial equipment and chemical tanks. Each type has distinct characteristics that make it suitable for specific industrial needs.
Industries such as automotive and construction are at the forefront of driving demand for glass fiber materials. In the automotive industry, the demand for lightweight, fuel-efficient vehicles has resulted in a significant increase in the use of glass fiber-reinforced plastics (GFRP). These materials help reduce vehicle weight, improving fuel efficiency and performance. In construction, glass fiber is being increasingly used for reinforcing concrete and producing strong, durable structures, especially in earthquake-prone regions like South Korea.
Aerospace and electronics sectors also require glass fiber materials for manufacturing high-strength components and electronic devices that must withstand extreme conditions. Glass fiber is used in the production of circuit boards, radar systems, and other critical parts. With South Korea’s thriving technology industry, the demand for high-quality glass fiber materials continues to grow.
As industries evolve and adopt more advanced technologies, the South Korean glass fiber materials market is expected to expand, driven by increased demand for lightweight, durable, and high-performance materials. The ongoing investment in research and development within the country further enhances the growth prospects for the glass fiber materials market in South Korea.
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PPG Industries
Saint-Gobain Vetrotex
Johns Manville
Jushi Group
AGY
Nippon Electric Glass
Owens Corning
Taishan Fiberglass
Chongqing Polycomp International
Jiangsu Jiuding New Material
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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 South Korea Glass Fiber Materials Market
Continuous Glass Fiber
Chopped Glass Fiber
Glass Fiber Mats
Glass Fiber Fabrics
Glass Fiber Roving
Hand Lay-Up Process
Filament Winding Process
Resin Transfer Molding (RTM)
Spray-Up Process
Pultrusion Process
Aerospace
Automotive
Construction & Building
Marine
Electrical & Electronics
Consumer Goods
E-Glass Fiber
S-Glass Fiber
C-Glass Fiber
AR-Glass Fiber
Other Specialty Glass Fibers
Building & Construction
Transportation
Energy
Consumer Products
Military & Defense
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glass Fiber 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. South Korea Glass Fiber Materials Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glass Fiber Materials Market, By Type
6. South Korea Glass Fiber Materials Market, By Application
7. South Korea Glass Fiber Materials Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glass Fiber Materials Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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