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Glass Fiber Market Will Grow Enormously Due To The Increased Usage In Automobiles And Construction Industries Globally Till 2022 | Million Insights

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Glass Fiber Market Will Grow Enormously Due To The Increased Usage In Automobiles And Construction Industries Globally Till 2022 | Million Insights

September 02
07:16 2019
Glass Fiber Market Will Grow Enormously Due To The Increased Usage In Automobiles And Construction Industries Globally Till 2022 | Million Insights

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According to new report available with Million Insights, the factors that propel the growth of the Glass Fiber Market include increased usage of in automobiles to decrease weight and CO2 emissions, increased construction activities at the global level, and demand for corrosion resistance applications such as pipes and tanks from oil & gas and water supply sector.

The Global Glass Fiber Market is anticipated to grow at a CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Glass fiber, as the name suggests, involves fine fibers of glass. The factors that propel the growth of the Glass Fiber Market include increased usage of in automobiles to decrease weight and CO2 emissions, increased construction activities at the global level, and demand for corrosion resistance applications such as pipes and tanks from oil & gas and water supply sector. 

On the other hand, there are factors that may hamper the growth of the market including hunting by manufacturers of automobiles for inexpensive and harmless substitutions, and adverse health effects of fiberglass. The market may be explored by type, manufacturing process, application, and geography. The market could be explored based on product type as Single-End Roving, Multi-End Roving, CSM, Woven Roving, CS, DUCS, CFM, Fabrics, and Others. Glass Fiber Market may be explored by manufacturing process as Hand Lay-Up, Spray Up, Pultrusion, Injection Molding, Prepreg Lay Up, Compression Molding, Resin Infusion, and Others. 

Full Research Report On Global Glass Fiber Market Analysis available at: https://www.millioninsights.com/industry-reports/glass-fiber-market

Market may be analyzed by application as Consumer products, Construction, Wind turbines, and Transportation. The “Construction” segment led the Glass Fiber Market in 2016 and is anticipated to maintain its dominance by 2020 owing to rising use of glass fibers as mixtures in building materials and increasing replacement of steel with glass fibers to reduce the maintenance costs and avert erosion.

Asia-Pacific accounted for the major share of the Glass Fiber Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include foremost upcoming construction schemes in the region. Thus, the rising construction industry, particularly in commercial building segment, is driving the demand for glass fiber in this region.

Some of the key players that fuel the growth of the Glass Fiber Market comprise Owens Corning, PPG Industries, Nippon Sheet Glass, Knauf and Advanced Glass fiber Yarns, and China Fiberglass Company, among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/glass-fiber-market/request-sample

Market Segment:

Key Applications
• Transportation
• Construction
• Electronic & Electrical
• Pipe & Tank
• Wind
• Consumer Goods

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• AGY
• CPIC
• Jiangsu Changhai
• JM
• Jushi Group
• NEG
• OCV
• PPG
• Taishan Fiberglass
• request free sample to get a complete list of companies

Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global glass fiber market?
• What are the challenges to market growth?
• Who are the key players in the glass fiber market?
• What are the market opportunities and threats faced by the key players?

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/glass

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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