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Growth Opportunities in the Global Glass Fiber Market to 2023: Government Regulations are Creating a Lucrative Environment - ResearchAndMarkets.com

July 11, 2018

DUBLIN--(BUSINESS WIRE)--Jul 11, 2018--The “Growth Opportunities in the Global Glass Fiber Market” report has been added to ResearchAndMarkets.com’s offering.

The global glass fiber market is promising with opportunities in the end use industries such as transportation, construction, pipe and tank, electrical and electronics, wind energy, and consumer goods.

The global glass fiber market is expected to reach an estimated $9.4 billion by 2023, and it is forecast to grow at a CAGR of 3.9% from 2018 to 2023.

The major growth driver for glass fiber is the rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.

Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, include cost optimization and performance enhancement of glass fibers.

The study includes the glass fiber market size and forecast for the global glass fiber market through 2023, segmented by product type, application, and region.

The segments of construction and pipe & tank are expected to show average growth during the forecast period from 2018 to 2023.

Within the global glass fiber market, transportation is expected to remain the largest market by value and volume consumption.

Government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.

Key Topics Covered

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Cost Structure Analysis

7. Growth Opportunities and Strategic Analysis

8. Company Profiles of Leading Players

3B the Fiber Glass Company (Goa Glass fiber) Chongqing Polycomp International Corporation (CPIC) Johns Manville Corporation. Jushi Group Co., Ltd. Nippon Electric Glass Co., Ltd. Nitto Boseki Corporation Owens Corning Sichuan Weibo. Co., Ltd. Taishan Fiberglass Inc. Taiwan Glass Group

For more information about this report visit https://www.researchandmarkets.com/research/2fd2wk/growth?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005359/en/

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Related Topics:Mineral Textiles

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING TEXTILES NATURAL RESOURCES MINING/MINERALS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/11/2018 06:17 AM/DISC: 07/11/2018 06:18 AM

http://www.businesswire.com/news/home/20180711005359/en

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