Global High-Performance Glass Fiber Market Consumption Is Estimated To Be 548 K MT In 2025
Friday, 15 Nov, 2019
Glass fiber is a material consisting of numerous extremely fine fibers of glass. Glass is the oldest high-performance fiber, one that has been manufactured since the 1930s. Today's glass fibers can be found in such end uses as insulation, fire-resistant fabrics, and reinforcement for fiberglass composites such as bathtub enclosures and boats. High-Performance Glass Fiber is adjusting the composition of the glass fiber to make them have a better large-scale production technology.
The global High-Performance Glass Fiber industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as AGY Holdings, Owens Corning, Chongqing Polycomp International Corp, Nittobo, Taishan Fiberglass, 3B Fibreglass, Jushi Group, Johns Manville, Nippon Electric Glass. At present, Chongqing Polycomp International Corp is the world leader, holding 17.78% sales market share in 2018.
High-Performance Glass Fiber downstream is wide and recently Glass Fiber has acquired increasing significance in various fields of Automotive, Electrical and Electronics, Sporting Goods, Wind Energy, Aerospace and Defense and Others. Globally, the High-Performance Glass Fiber market is mainly driven by growing demand for Aerospace and Defense, which accounts for nearly 30.88% of total downstream consumption of High-Performance Glass Fiber in global in 2018.
High-Performance Glass Fiber can be mainly divided into Polymer Composites and Non-Polymer Composites. Non-Polymer Composites make up about 61.17% of Glass Fiber market in 2018. According to our research and analysis, manufacturers from North America, Europe, Japan and China are the major leaders in the international market of High-Performance Glass Fiber.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, High-Performance Glass Fiber consumption will show a trend of steady growth. In 2025 the consumption of Glass Fiber is estimated to be 548 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
This industry with high barriers to entry. The downstream industry pays more attention to brand, quality and enterprise reputation of fiberglass composite materials. They maintain the existing competitive landscape, the industry leader advantage will become more evident, especially represented by the company of China's glass fiber enterprise global glass fiber industry in the future competition will play a leading and leading role.