Glass Fibre Bundle Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The Glass Fibre Bundle Market experienced notable growth from 2018 to 2022, driven by increased demand across various industries including automotive, construction, and aerospace. The market saw a significant rise in demand due to the growing adoption of fiberglass in manufacturing processes for lightweight materials, insulation, and reinforcement. During this period, the market was shaped by technological advancements and the expansion of production capacities in developing countries. The automotive sector, in particular, witnessed a surge in demand as manufacturers increasingly turned to glass fiber bundles to reduce vehicle weight and improve fuel efficiency.
From 2023 to 2033, the Glass Fibre Bundle Market is poised to undergo transformative growth, with new trends influencing the demand for these products. The increasing emphasis on sustainability and the shift towards electric vehicles (EVs) will drive the market's expansion. As EVs require lightweight materials for battery packs, composite parts, and structural components, glass fiber bundles will play a pivotal role in meeting these needs. Furthermore, advancements in the construction and infrastructure sectors, such as the growing use of fiberglass for reinforcement in bridges, tunnels, and buildings, will also contribute to an uptick in market demand.
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WEINERT
Cobb
Fiberoptics Technology Inc.
SCHOTT
GP-Fiber Optics GmbH
abatec GmbH
FCA Sp. z o.o.
fiberware GmbH
Helmut Hund GmbH
LightGuideOptics Germany GmbH
teleglas GmbH
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 Fibre Bundle Market
Mechanical Engineering
Automotive Industry
Aerospace
Oil And Gas
Chemical Industry
Medical Technology
Electrical Industry
Based on Types the Market is categorized into Below types that held the largest Glass Fibre Bundle market share In 2023.
Synthetic Fibres
Non Synthetic Fibres
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 Fibre Bundle 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 Fibre Bundle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass Fibre Bundle Market, By Type
6. Global Glass Fibre Bundle Market, By Application
7. Global Glass Fibre Bundle Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glass Fibre Bundle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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