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Global Glass Fiber Reinforcement Materials Industry is expected To Dominate the Market By Reaching $16143.84 Million by 2023

(CityRegions.Com, September 02, 2017 ) Description:

Global Glass Fiber Reinforcement Materials Market is expected to grow from $9217.47 million in 2016 to reach $16143.84 million by 2023 with a CAGR of 8.3%. Rise in the construction industry, increasing focus on green buildings, and growing demand for value added glass products are some of the major factors favoring the market growth. In addition, rising energy costs, and strict government regulations are influencing the market growth. On the other hand, recyclability of glass fiber reinforcement materials is poses a major challenge for the market.

Among all the products, roving segment is anticipated to register a higher CAGR during the forecast period. The growth is attributed to the increasing usage of rovings in tanks, pipes and other structural composites. Asia Pacific is expected to witness a high growth rate due to increasing infrastructural activities, growing demand from automotive industry and raising demand from China.

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Some of the key players in Global Glass Fiber Reinforcement Materials Market include:

3B-Fiberglass, Glass Fiber Reinforcement Materialsfiber Yarns LLC, Asahi Glass, Basf SE, BGF Industries, Chomarat Group, Chongqing Polycomp International Corp., Johns Manville, Jushi group, Nippon Electric Glass co., Ltd., Nitto Boseki Co. Ltd, Owens Corning, PPG Fiberglass, Saint-Gobain Vetrotex, and Taishan Fiberglass.

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Product Types Covered:

Chopped strands

Chopped Strand Mat (CSM)

Continuous Filament Mat (CFM)


Woven rovings


Other product types

End Users Covered:

Aerospace & Defense

Electricals and Electronics

Consumer goods


Wind energy



Automotive & Transportation

Other End Users

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Some Point from TOC:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Glass Fiber Reinforcement Materials Market, By Product Type


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