The most recent report from Research and Markets regards the Global Glass Fiber Market 2012-2017: Trend, Forecast, and Opportunity Analysis. The report contains an overview of the global glass fiber industry, glass fiber market analysis, glass fiber market trends (2006-2011) and forecast (2012-2017).
Research and Markets has announced the release of the “Global Glass Fiber Market 2012-2017: Trend, Forecast, and Opportunity Analysis” report.
The market made a strong recovery in 2010 from the global economic recession despite the decline in 2009. According to analyses, the market is expected to gain momentum and reach an estimated USD 11.2 billion in 2017 with a CAGR of 6.9% over the next five years (2012-2017).
The glass fiber market is undergoing a regional shift in demand, and this new dimension is expected to provide growth opportunities to the regional players. Asia became the leader in terms of total glass fiber shipments, surpassing North America in 2007 in consumption volume (million pounds) mainly due to the acceptance of composite materials in various application areas, as well as the double-digit growth of industrial production in China and India. In 2009, all regions showed a decline in growth, which was steeper in North America and Europe.
As the study indicates, price movement of inputs and energy costs are challenges for the industry players to bridge the price-performance gap. Global supply and demand discrepancies due to the emergence of low-cost Chinese suppliers are also a challenge. The weight reduction capabilities inherent in glass fiber, however, along with superior performance characteristics to replace traditional materials at relatively low cost are likely to boost the market. Growing demand in application areas such as construction, electrical and electronics, pipe and tank, wind energy, and transportation augurs well for the industry players.
The research report contains an overview of the global glass fiber industry, glass fiber market analysis, glass fiber market trends (2006-2011) and forecast (2012-2017), growth areas, new materials development in the glass fiber industry, and more. This insightful report can help in making confident business decisions in this globally competitive marketplace.