Lucintel’s latest market report analyzed that glass fiber provides attractive opportunities in transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, consumer goods, and others. The glass fiber market is expected to reach $17.5 billion by 2027 with a CAGR of 5.7%. In this market, chopped strand mat is the largest segment by product type, whereas transportation is largest by end use industry. The innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology provides strategic growth path in this market.
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Based on product type, the glass fiber market is segmented into single end roving, multi end roving, woven roving, fabrics, chopped strand, chopped strand mat, continuous filament mat, and others. The chopped strand segment is accounted for the largest share of the market in 2021.
Browse in-depth TOC on “Glass Fiber Market”
96 – Tables
148 – Figures
235 – Pages
The glass fiber market is marked by the presence of several big and small players. Some of the prominent players offering glass fiber include Owens Corning, Jushi, Nippon Electric, CPIC, and Taishan Fiberglass.
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