Global Glass Fiber Market Past Data, Share, Size, SWOT Analysis, Market Demand

  • 9

Report Overview

Glass fibre is a substance made up of incredibly fine glass filaments that are spun into yarn and sewn into garments. A three-stage furnace is used to combine and melt silica (SiO2), limestone, and soda ash. The molten glass is then extruded through a bushing in the forehearth, and the filaments are cooled with water.

Glass fibres have superior tensile strength, great stiffness and strength, exceptional corrosion resistance, and high temperature tolerance. These fibres are used in end-use sectors such the automotive, building, marine, wind energy, and aerospace & defence industries. However, the difficulties of the manufacturing process, the high cost of new technologies, and the slim profit margins of glass fibre are preventing the market from expanding.

Asia Pacific had the highest contribution to the global glass fibre market in 2019 In the upcoming years, the market for glass fibres is anticipated to grow at the fastest rate in APAC. The need for glass fibre in the area has significantly increased due to the expansion of the transportation, building, electrical & electronics, aerospace, and other industries. Among the biggest users of glass fibres is the construction industry. The need for advanced glass fibres is being driven by the quick expansion of infrastructure in developing nations like China and India.

For instance, the Indian government has worked extremely hard to upgrade the nation’s housing and transportation systems. The Department for Promotion of Industry and Internal Trade (DPIIT) estimates that between April 2000 and September 2020, foreign direct investment (FDI) in the construction development industry and infrastructure operations totaled US$25.78 billion and US$17.22 billion, respectively. The continued growth of the infrastructure will significantly increase the demand for glass fibre. Glass fibres are also utilised in the marine, wind energy, and consumer goods industries. The government is investing heavily in these sectors as well, encouraging the expansion of the regional glass fibres market.

Read Also:  Power Metering Market with by Component, Software, Services, Deployment Model, Organization Size, Vertical & Region - Global Forecast to 2026

Request Access Full Report is Available:@ https://www.zionmarketresearch.com/report/glass-fiber-market

COVID-19 started in Wuhan (China) in December 2019 and has since quickly expanded throughout the world. In terms of confirmed cases and reported deaths as of March 2021, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the nations that have been most severely impacted. Due to lockdowns, travel restrictions, and business closures, the COVID-19 pandemic has been having an impact on the businesses and industries of many different nations.

Additionally, the chances for commercial alliances and collaborations are being impacted by the worldwide travel bans implemented by nations in Europe, Asia, and North America. All of these reasons are projected to have a negative impact on the chemicals and materials sector, which will hinder the expansion of the glass fibre market.

Market Information

Growing Construction Industry Demand for Glass Fibers

In the construction industry, glass fibres are used as a raw material for cladding, roofing, surface coating, and insulation. They are less expensive than other fibres, including polymers and carbon fibres, and have mechanical qualities including stiffness, flexibility, transparency, resistance to chemical breakdown, and inertness that are roughly comparable.

Read Also:  Micro Motor Market 2028 Regional Overview, Future Outlook and Business Growth, Key Development Strategies and Deep Analysis

Glass fibre reinforced concrete, which is used to build walls, fireplace surrounds, foundations, cladding, vanity tops, and concrete countertops, contains glass fibres. It is mostly utilised in architectural precast concrete and outside building facade wall panels. Glass fibres serve as the primary carrier, supplying the concrete with great tensile strength, flexibility, and crack resistance.

Glass fibres that are resistant to alkalis (ARGF) are frequently utilised in building supplies. Concrete’s tensile strength, flexural toughness, rupture modulus, and wearing resistance are all greatly increased by ARGFs. Such concrete has several uses in the construction industry since it prevents cracks.

Product Type Information

The global glass fibre market is divided into single-end roving, multi-end roving, woven roving, and others based on product type. In 2019, the others category dominated the worldwide glass fibre market. Fabrics, CSM, CFM, DUCS, CS, OptiSpray Roving, and Cem-FILRoving are included in the others sector. Direct Roving as well as others For fabricators who wish to improve product performance while saving time and resin, OptiSpray Roving is an appealing alternative. Cem-FIL Roving is an alkali-resistant glass fibre assembled roving made for use in the simultaneous spray method of producing glass fibre reinforced concrete composites. With benefits including alkali resistant glass, good unwinding, simple chopping, and high split efficiency, Cem-FILRoving is ideal for usage with complex profiles and has excellent mechanical performance. OptiSpray F Roving, Cem-FILRoving 5325, Cem-FILRoving 62.4, and Cem-FIL Roving 62/70 are all products made by manufacturers like Owens Corning. Direct Roving, a splice-free single-end roving composed of E-Glass and appropriate for various textile technologies, is a product offered by Saint-Gobain Vetrotex.

Read Also:  Global Internet of Things in Energy Market Was Registered Over USD 39.4 Billion by end of 2026, growing at a CAGR of around 11.8% between 2020 and 2026.

Request a Sample Copy of the Research Report:@ https://www.zionmarketresearch.com/sample/glass-fiber-market

Company Profiles

  • Chongqing Polycomp International Corp. (CPIC)
  • Johns Manville
  • China Jushi Co., Ltd.
  • Nippon Electric Glass Co.,Ltd.
  • Owens Corning
  • SAINT GOBAIN S.A.
  • Sichuan Weibo New Material Group Co., Ltd.
  • Taishan Fiberglass Inc.(CTG)
  • Taiwan Glass Group
  • Goa Glass Fibre Limited

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Report Overview Glass fibre is a substance made up of incredibly fine glass filaments that are spun into yarn and sewn into garments. A three-stage furnace is used to combine and melt silica (SiO2), limestone, and soda ash. The molten glass is then extruded through a bushing in the forehearth, and the filaments are cooled…

Report Overview Glass fibre is a substance made up of incredibly fine glass filaments that are spun into yarn and sewn into garments. A three-stage furnace is used to combine and melt silica (SiO2), limestone, and soda ash. The molten glass is then extruded through a bushing in the forehearth, and the filaments are cooled…

Leave a Reply

Your email address will not be published.