July 23, 2018. In August 2020, Jushi developed E9 ultra-high modulus glass fiber that exceeds 100GPa to fully support the development of large-scale and lightweight wind turbine blades. Asia-Pacific is expected to dominate the market for glass fiber during the forecast period. The glass fiber demand for the U.S. is expected to reach 3 billion pounds by 2025 with a CAGR of 2.4%. E-glass Demand in Construction Industry to Shape Future Revenue Generation in Glass Fibers Market; Valuation to Reach US$22.32 Bn by 2027: TMR Due to COVID-19, the building and construction industry has been affected adversely owing to the lockdown regulations, shortage of laborers, production halt, etc. As soon as this statistic is updated, you will immediately be notified via e-mail. Furthermore, the global glass fiber market is segmented on the basis of applications such as transportation, construction, marine, aerospace, pipe & tank, electrical & electronics, wind energy, consumer goods, and … facts. Glass fibers have mechanical properties approximately equal to other fibers, such as polymers and carbon fibers. “Glass-Fiber Fabric Market is growing at a High CAGR during the forecast period 2021-2027. The market situation is expected to recover as most of the production units had been resumed in the third quarter of 2020. Read all about the Carbon Fiber market size, share, growth, analysis, and future in a detailed report. But as Ciena's Brian Lavallée explains, 5G mobile networks will significantly affect both the wireless side (obviously!) Posted on Mar 2 2020 11:31 AM "The Glass Fiber Reinforcement Materials Market project the value and sales volume of Glass Fiber … In November 2019, Jushi India Fiberglass (P) Ltd announced its plan to start production at its plant in Maharashtra with a capacity of 1,00,000 MT in 2020-2021. Glass fibers have mechanical properties approximately equal to other fibers, such as polymers and carbon fibers. Published by M. Garside, Sep 3, 2019 This statistic shows the market value of glass fiber composites in the United States from 2013 to 2015, with forecasted figures for 2016 to … Furt… The Report will be delivered with in 24-72 hours. Industry revenue of “automotive body, paint, interior and glass repair“ in New Jersey 2012... Market value of glass fiber composites in the United States from 2013 to 2024 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Infrastructure spending has been rising in the past few years. This feature is limited to our corporate solutions. ", Statista, Market value of glass fiber composites in the United States from 2013 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/945122/us-glass-fiber-composites-market-size/ (last visited May 22, 2021), Market value of glass fiber composites in the United States from 2013 to 2024, Global market value of metamaterials 2015-2028, Lightweight materials global market share by type 2017, Lightweight materials global market value by type 2017 & 2023, Revenues from carbon composites worldwide by matrix material 2018, Distribution of global carbon composites revenue by matrix material 2018, Global carbon fiber demand by market 2016-2025, Demand for carbon fiber reinforced plastics worldwide 2010-2023, Global carbon fiber demand compound annual growth rate by market 2016-2025, U.S. carbon fiber composites market size 2013-2024, U.S. glass fiber composites market size 2013-2024, U.S. composite materials shipments by segment 2016-2022, U.S. composite adhesives market volume by product 2016 & 2024, Global market size of nanocomposites 2019-2024, Global market value of advanced composites 2017-2022, Global carbon fiber reinforced thermoplastic composites market value 2014-2025, Global estimated market value of graphene nanocomposites 2018-2028, Global graphene-enhanced composites market value CAGR by type 2018-2023, Global market value of composite manufacturing equipment 2018 & 2023, North American composite materials market size 2013-2019, North American composite materials CAGR by market 2014-2019, North American composite materials market size by market 2013-2019, Glass fiber reinforced plastics (GRP) production in Europe by country 2020, U.S. aramid advanced composites market size forecast 2013-2024, U.S. aramid advanced composites market size forecast by application 2018-2024, Share of glass fiber reinforced plastics consumption in Europe by industry 2019, Production of glass fiber reinforced plastics (GRP) in Europe 2000-2020, Global market share of tooling composites by region 2016, Thermoplastic composites market value worldwide 2019-2024, Global flat glass consumption distribution by product type H1 2015, Shipments of raw materials used for manufacture of composites, Value of the global sports composites market 2015-2021, Global composite adhesives market value 2017 & 2025, Global sports composites market size 2015-2024, Industry revenue of “manufacture and processing of other glass“ in Germany 2012-2024, Poland: number of glass & glass products manufacturers 2008-2017, Industry revenue of “automotive body, paint, interior and glass repair“ in New Jersey 2012-2024. Moreover, COVID-19 has negatively impacted the aerospace and automotive industry. On the flip side, the low-profit margin on sales and competition from carbon fiber and rockwool has restrained the growth of the glass fiber market during the forecast period. Published Date: Nov, 2017; Base Year for Estimate: 2016; … Glass fiber demand in the US will reach 6.9 billion pounds in 2007, according to a new report from Freedonia. Profit from additional features by authenticating your Admin account. As a Premium user you get access to background information and details about the release of this statistic. "“Final … By resin type, the market is segmented into glass wool, roving, and yarn. According to National Development and Reform Commission (NDRC), the Shanghai plan includes the investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion. China is investing in infrastructure development projects. You need at least a Single Account to use this feature. Corporate solution including all features. Animal Thus, from the aforementioned factors, the demand for glass fiber in the construction industry is expected to increase during the forecast period. US glass fiber demand will grow 3.3 percent annually through 2013. Real estate investment, which includes investments in the residential and commercial sector and office spaces, increased rapidly. The global glass fiber market is anticipated to grow significantly over the forecast period. Reprints and Permissions. Fiberglass (glass fiber) market in North America is expected to reach US$ 2,687.3 Mn by the end of 2028, recording a CAGR of 8.7 % over the forecast period. Are you interested in testing our corporate solutions? By application, the market is segmented into composites and insulation. Moreover, the increasing usage of glass fibers in several end-use industries is expected to boost the demand for the global glass fiber market. You need a Single Account for unlimited access. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. Development is powered by continuous job gains, low mortgage rates, and slowing inflation in house prices. Chart. Posted on Sep 4 2020 4:25 AM "Global Glass Fiber Reinforcements Market Covers growth analysis of top key Players RTP Company, Owens Corning, Hexcel, PPG, Bodo Moller Chemie, Baotec, Center Glass. Proper disposable techniques are required to dispose of glass wool material, along with the mask and protective clothing for the physical safety of the personnel involved in the disposal process. The country is known for its booming commercial activities. policy. Glass Fiber Market Size, Share & Trends Analysis Report By Product, By Production Technology, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025. Please be sure to check your spam folder too. The global market for Glass Fiber Reinforcements is analyzed in this report with respect to key product segments and major application areas • All major application areas are exclusively discussed in detail with future projections • Demand for Glass Fiber Reinforcements Being Propelled by Wind Energy For each segment, the market sizing and forecast have been done on the basis of revenue (USD million). Glass fiber demand in the US is projected to grow two percent annually to 6.9 billion pounds in 2007, valued at $6.9 billion. Global Glass Fiber Cement Backer Board market provides recent developments and current status of the Glass Fiber Cement Backer Board market with business strategies implemented by the leading countries. Using glass fiber in the cement mix reinforces the material with corrosion-proof sturdy fibers, which make GRC long-lasting for any construction requirement. Additionally, the country is working on the expansion of 30 airports in order to improve the connectivity to country’s fourth largest international hub Chengdu Tianfu International Airport. This statistic is not included in your account. The Glass Fiber Market is segmented by Resin Type (Glass wool, Roving, and Yarns), Application (Composites and Insulation), End-user Industry (Building and Construction, Automotive, Aerospace and Defense, Alternative Energy, Consumer Goods, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). According to the Civil Aviation Administration of China (CAAC), the country has started operation in 12 new airports. Carbon Fiber Industry was at USD 2,471 mn in 2020 and is expected to grow at a CAGR of 4% till 2026. In the U.S., glass fiber is a major reinforcing material, growing by 1.7% in 2019 and reaching 2.6 billion pounds in terms of volume and $2.2 billion in terms of value. Production and demand for glass fiber and glass plastics in USA. A paid subscription is required for full access. The glass fiber market is projected to register a CAGR of over 4.5% during the forecast period (2021-2026). MARKET OPPORTUNITIES AND FUTURE TRENDS, 7.1 Growth in the Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites, 7.2 Increasing Demand for Fiberglass Composite Materials for the Wind Energy Sector. The market is expected to grow at a CAGR of 2% to 4% from 2020 to 2025 Glass fiber market by application type, fiber type, product type, manufacturing process and region. Market value of glass fiber composites in the United States from 2013 to 2024 (in billion U.S. dollars) [Graph]. Best growth is anticipated for glass wool fiber, with overall demand constrained by slow textile glass fiber advances as nanomaterials displace glass fibers in reinforced plastics. Report. Accessed May 22, 2021. https://www.statista.com/statistics/945122/us-glass-fiber-composites-market-size/, Statista. Report scope can be According to the US Census Bureau, the total Residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The company's product portfolio consists of all types of fiberglass raw materials like direct roving, assembled roving, chopped strand, chopped strand mat, woven roving, yarn, etc. The strongest performing segments at regional and global fronts are highlighted in the report along with their market share, growth size, annual sales, revenue in … The key players in the global composites market Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), India is also witnessing significant interest from international investors in the construction space. Non-Woven Glass Fiber Prepreg Market report performs comprehensive Analysis about Global Market and tells about the market status in the forecast period. According to the OICA, the global production of vehicles in the third quarter of 2019 was over 65 million, and it decreased drastically in 2020, recording around 50 million vehicles in the third quarter of 2020. Glass and Ceramics volume 22, page 118 (1965)Cite this article. & Communications Technology, Investment The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period. By resin type, the market is segmented into glass … The global “D-Glass Fiber Market” Research Report 20212025 is a specialized and in-depth study of the D-Glass Fiber industry with a focus on the global market trend.
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