Glass Fibers Market to Expand at 8.40% CAGR from 2014 to 2020

Transparency Market
Research
Glass Fibers Market - Global Industry Analysis, Size,
Share, Growth, and Trends and Forecast 2014 - 2020
Published Date
12-Feb-2015
95 Page Report
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Press Release
Global Glass Fibers Market to Expand at 8.40% CAGR from
2014 to 2020, Superior Physical Properties of Glass Fibers
Propel Market : TMR
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Glass Fibers Market
REPORT DESCRIPTION
Glass Fibers Market - Global Industry Analysis, Size, Share, Growth, and Trends and Forecast 2014 2020
In a recent market study published by Transparency Market Research, the global glass fibers market is said to
be expected to reach a valuation of US$14 mn by 2020, increasing from US$8 mn in 2013. This will translate
into a compounded annual growth rate of 8.40% therein. The report is titled “Glass Fibers Market - Global
Industry Analysis, Size, Share, Growth, and Trends and Forecast 2014 - 2020” and is available for sale on
the company’s website.
Browse the full Glass Fibers (E-class Glass Fibers and Performance Glass Fibers) Market for Building
& Construction, Transportation, Industrial, Consumer Goods, Wind Turbine, and Other Applications Global Industry Analysis, Size, Share, Growth, and Trends and Forecast 2014 - 2020 report at :
http://www.transparencymarketresearch.com/glass-fibers-market.html
Glass fibers are materials that consist of numerous extremely minute fibers of glass. Glass fibers exhibit
properties of light weight, high tensile strength, and high sturdiness. Due to their high bulk strength and light
weight, glass fibers are favored in many applications over even metals.
The report says that the global glass fibers market is largely driven due to the usability of the material across a
wide spectrum of applications. This includes wind turbines, transportation, building and construction, and
consumer goods, among others. The exponential growth of practically all application areas of glass fibers has
tremendously boosted the growth of the glass fibers market. Glass fibers are used on a large scale in fiberreinforced plastics.
Glass fibers are suitable for a host of applications due to their high structural strength and resistance to impact.
Particularly in wind turbine operations, the lightness of turbines including consisting of fibers facilitates smooth
power generation; in automotive design, lightness of the vehicle is important for reducing greenhouse gas
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emissions. Thus, glass fiber reinforced plastics are commonly used in wind turbines and automotive
components.
Of all the glass fiber types, E-class glass fibers display a clear dominance over other glass fiber type
segments. This segment currently accounts for a share of more than 80% in the global market due to the low
cost, high modulus, and high tensile strength of E-class glass fibers. Other glass fiber types such as S-class,
D-class, and C-class are more expensive to manufacture, but outdo E-class fibers in matters of performance.
This is the reason why these glass fibers are collectively known as performance glass fibers and are commonly
used for technical applications.
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Application-wise, building and construction is the largest application segment of this market. Glass fibers are
used for residential and non-residential insulation applications. Glass fibers are also used in the fabrication of
bathroom fittings and indoor furniture; the material is increasingly being used as an alternative to timber,
aluminum, steel, and concrete for these applications.
In 2013, Asia Pacific stood as the largest regional market for glass fibers, accounting for a share of 45% in the
global market. The easy availability of labor at low wages and readymade manufacturing facilities in China and
India is the reason for this.
The report mentions and profiles top companies in the global glass fibers market. These are Owens
Corning Corporation, Jushi Group Co. Ltd., Johns Manville Corporation, PPG Industries Inc., Nippon Electric
Glass Co. Ltd., and AGY Holding Corporation.
Segmentation of the global glass fibers market is as follows:
Glass Fibers Market - Product Segment Analysis
•
E-class Glass fibers
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•
Performance Glass fibers
Glass Fibers Market - Application Analysis
•
Building and Construction
•
Transportation
•
Industrial
•
Consumer Goods
•
Wind Turbines
•
Others (Including Fiber Glass Cloth, Oil and Gas Applications, etc.)
Glass Fibers Market - Regional Analysis
•
North America
•
Europe
•
Asia Pacific
•
Rest of the World
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
1.2.1 Global Glass fibers Market, Segmentation by Product Segment, Applications, and Region
1.3 Research Scope
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1.3.1 Assumptions
1.4 Research Methodology
1.4.1 Abbreviations
Chapter 2 Executive Summary
2.1 Global Glass Fibers market, 2013 – 2020 (Kilo Tons) (US$ Mn)
Chapter 3 Glass Fibers Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Building & Construction Industry Leads Volume Growth for Glass Fibers Market
3.3.1.1 Global Population Share, 2013 and 2025
3.3.1.2 Global Plastic Composite Market for Building & Construction, 2013 – 2020 (Kilo Tons)(US$
Mn)
3.3.2 Surging Demand from Automotive and Marine Applications to Sustain in Future
3.3.2.1 Global Cars and Commercial Vehicles Production, 2008 − 2013 (Million Units)
3.3.2.2 Global Glass Fiber Reinforced Plastics Market Volume for Marine Composites, 2013 - 2020
(Kilo Tons)
3.4 Market Restraints
3.4.1 Growing Threat from Carbon Fibers is Expected to Hinder Growth in the Long Term
3.4.1.1 Global Carbon Fiber Market Volume, 2013 - 2020 (Kilo Tons)
3.4.2 Government Subsidies to Chinese Manufacturers Hurt European Manufacturers of Glass Fibers
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3.5 Market Opportunities
3.5.1 High Growth in Wind Energy Market Provides Tremendous Opportunity for Glass fibers Composites
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat from Substitutes
3.6.5 Degree of Competition
3.7 Glass Fibers: Market Attractiveness Analysis
3.7.1 Global Glass Fibers: Market Attractiveness Analysis
3.8 Glass Fibers: Company Market Share Analysis
3.8.1 Global Glass Fibers: Company Market Share Analysis, 2013
Chapter 4 Glass Fibers Market – Product Segment Analysis
4.1 Global Glass Fibers Market: Product Segment Overview
4.1.1 Global Glass Fibers Market Share, by Product Segment, 2013 & 2020
4.2 E-Class Glass Fibers
4.2.1 Global E-Class Glass Fibers Market, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.3 Performance Glass Fibers
4.3.1 Global Performance Glass Fibers Market, 2013 – 2020 (Kilo Tons) (US$ Mn)
Chapter 5 Glass Fibers Market – Application Analysis
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5.1 Global Glass Fibers Market: Application Overview
5.1.1 Global Glass Fibers Market Share, by Application, 2013 & 2020
5.2 Building & Construction
5.2.1 Global Glass Fibers Market for Building & Construction, 2013 – 2020 (Kilo Tons) (US$ Mn)
5.3 Transportation
5.3.1 Global Glass Fibers Market for Transportation, 2013 – 2020 (Kilo Tons) (US$ Mn)
5.4 Industrial
5.4.1 Global Glass Fibers Market for Industrial Applications, 2013 – 2020 (Kilo Tons) (US$ Mn)
5.5 Consumer Goods
5.5.1 Global Glass Fibers Market for Consumer Goods, 2013 – 2020 (Kilo Tons) (US$ Mn)
5.6 Wind Turbine
5.6.1 Global Glass Fibers Market for Wind Turbine, 2013 – 2020 (Kilo Tons) (US$ Mn)
5.7 Others (Including Fiber Glass Cloth, Oil & Gas Applications, etc.)
5.7.1 Global Glass Fibers Market for Other Applications, 2013 – 2020 (Kilo Tons) (US$ Mn)
Chapter 6 Glass Fibers Market - Regional Analysis
6.1 Global Glass Fibers Market: Regional Overview
6.1.1 Global Glass Fibers Market, Volume Share, by Region, 2013 – 2020
6.2 North America
6.2.1 North America Glass Fibers Market, Volumes by Product Segment, 2013 – 2020 (Kilo tons)
6.2.2 North America Glass Fibers Market, Revenues by Product Segment, 2013 – 2020 (US$ Mn)
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6.2.3 North America Glass Fibers Market, Volumes by Application, 2013 – 2020 (Kilo Tons)
6.2.4 North America Glass Fibers Market, Revenues by Application, 2013 – 2020 (US$ Mn)
6.3 Europe
6.3.1 Europe Glass Fibers Market, Volumes by Product Segment, 2013 –2020 (Kilo Tons)
6.3.2 Europe Glass Fibers Market, Revenues by Product Segment, 2013 – 2020 (US$ Mn)
6.3.3 Europe Glass Fibers Market, Volumes by Application, 2013 – 2020 (Kilo Tons)
6.3.4 Europe Glass Fibers Market, Revenues by Application, 2013 – 2020 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Glass Fibers Market, Volumes by Product Segment, 2013 – 2020 (Kilo Tons)
6.4.2 Asia Pacific Glass Fibers Market, Revenues by Product Segment, 2013 – 2020 (US$ Mn)
6.4.3 Asia Pacific Glass Fibers Market, Volumes by Application, 2013 – 2020 (Kilo Tons)
6.4.4 Asia Pacific Glass Fibers Market, Revenues by Application, 2013 – 2020 (US$ Mn)
6.5 Rest of the World (RoW)
6.5.1 RoW Glass Fibers Market, Volumes by Product Segment, 2013 – 2020 (Kilo Tons)
6.5.2 RoW Glass Fibers Market, Revenues by Product Segment, 2013 – 2020 (US$ Mn)
6.5.3 RoW Glass Fibers Market, Volumes by Application, 2013 – 2020 (Kilo Tons)
6.5.4 RoW Glass Fibers Market, Revenues by Application, 2013 – 2020 (US$ Mn)
Chapter 7 Company Profiles
7.1 Owens Corning Corporation
7.2 Jushi Group Co. Ltd.
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7.3 Chongqing Polycomp International Corporation
7.4 PPG Industries, Inc.
7.5 Johns Manville Corporation
7.6 Taishan Fiberglass, Inc.
7.7 Nippon Electric Glass Co., Ltd.
7.8 AGY Holding Corp.
7.9 Jiangsu Jiuding New Material Co. Ltd.
7.10 Fiber Glass Industries, Inc..
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In a recent market study published by Transparency Market Research, the global glass fibers market is said to be expected to reach a valuation of US$14 mn by 2020, increasing from US$8 mn in 2013. This will translate into a compounded annual growth rate of 8.40% therein. The report is titled “Glass Fibers Market - Global Industry Analysis, Size, Share, Growth, and Trends and Forecast 2014 - 2020” and is available for sale on the company’s website.

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