Glass Fiber Reinforcements Market to Grow by 7% (2012-2016) to Touch 6.4m MTs by 2016
Monday 14 May 2012
Hyderabad – Industry Experts, a multi industry focused market research firm, has released a new global market research report ‘Glass Fiber Reinforcements – A Global Market Overview’. The new market research report reveals that the global market for glass fiber reinforcements is expected to reach US$6.4 million metric tons by 2016, valued at US$16.4 billion.
After a volatile 2008 and 2009 period, the glass fiber industry regained its momentum in 2010 with economic recovery in almost all major global regions, and demand for glass fibers in virtually all end user applications grown significantly. This turnaround indicates that growth in the global glass fiber industry in the future would be healthy, which creates valuable opportunities for glass fiber suppliers. Europe, though, continued in a depression mode, with demand for glass fibers in several applications refusing to pep up. Glass fiber reinforcements demand for most end user applications between 2006 and 2011 has exhibited a declining trend in North America and Europe, only to be sustained by the emerging economies of Asia-Pacific and Eastern Europe.
Asia-Pacific region is led by China with a tremendous growth in the glass fiber industry over the past several years. There will be a strong demand in other emerging countries such as Russia, India, Brazil and East European countries as these regions are likely to invest in construction and infrastructure development. When it comes to glass fiber reinforcements’ growth in application areas, the market for glass fiber in Long Glass Fiber Reinforced Thermoplastics (LFTs) is forecast to grow significantly in the coming years as LFTs have become the preferred material for automotive engineers for fabricating high-impact and structural parts. A second and most notable application area is wind energy. Wind energy, though constituting a low volume market, is expected to emerge as the fastest growing end use application for glass fibers with a CAGR of 14.4%, fuelled by the global wind energy market.
The report analyses the market in terms of volume consumptions in metric tons as well as value consumption in US$ dollars. The report includes the end-use application analysis for Glass Fiber Reinforcements – Automotive & Transportation, Marine, Wind Energy, Pipe, Tank & Other Corrosion Resistant Equipment, Building & Construction, Electrical & Electronics, Consumer Goods, Aerospace & Defense and Others. This report also examines the market for Glass Fiber reinforcements by product forms such as Single-end Rovings, Multi-end Rovings, Woven Rovings, Chopped Strands, Chopped Strand Mat (CSM), Continuous Filament Mat (CFM), Fabrics and Other applications for global, regional and country level markets. Wind Energy being the fastest growing end-use market, in terms of both volume and value, the global market for glass fiber reinforcements is expected to touch 6.4 million metric tons by 2016 valued at US$16.4 billion. The projected CAGRs for the period 2012-2016 are 7% and 9.2% respectively for volume and value.
The Study reviews, analyses and projects the Glass fiber reinforcements market for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 15 independent countries across North America – the United States and Canada; Europe –Germany, France, Italy, the United Kingdom, Spain and Rest of Europe; Asia-Pacific – China, Japan, India, South Korea and Rest of Asia-Pacific; Rest of World – Russia, Turkey, Brazil and other.
This 375 page global market report includes 230 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, Product form/Segment and application area. The brief business profiles of 15 key global players and 74 major players across the North America – 16; Europe – 15; Asia-Pacific – 36;and Rest of World – 7 are included in the report.The profiles also include addresses, contact numbers and the website addresses.
For more details, please visit http://industry-experts.com/verticals/chemicalsandplastics/glass-fiber-reinforcements-a-global-market-overview.html