Global Glass Fiber Market

Feb 2020| VMR1710A| Verified Market Research

Report Highlights

Glass Fiber Market

According to Verified Market Research, the Global Glass Fiber Market was valued at USD 15.22 Billion in 2018 and is projected to reach USD 25.76 Billion by 2026, growing at a CAGR of 6.8 % from 2019 to 2026.

Global Glass Fiber Market Outlook

The rapid growth in urbanization tends to increase the activities in the construction industries and thereby, rising the usage of the fiberglass is the key factor driving the growth of the market. In addition, the growing demand in the automotive industry as the replacement of conventional materials such as metals led to impose the positive outlook on the market growth. Furthermore, the increasing adaption of the fiberglass in the electronic, energy and consumer industry are other factors propelling the market growth. However, the issues related to recycling the glass wool and availability of the alternative such as carbon fibers expected to restrain the market growth.

Global Glass Fiber Market Competitive Landscape

The Global Glass Fiber Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Nippon Electric Glass Co., Ltd., China Jushi Co., Ltd., 3B-The Fibreglass Company, Taishan Fiberglass Inc. (CTG), Chongqing Polycomp International Corp. (CPIC), Johns Manville Corp., Owens Corning, Taiwan Glass Ind. Corp., Johns Manville Corp, and Asahi Fiberglass Co., LTD.

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