Research and Markets has announced the release of the Demand-Supply Imbalance in the Global Fiber Glass Industry report.
The insulated and composite fiberglass market is a part of the glass industry,…
Research and Markets has announced the release of the Demand-Supply Imbalance in the Global Fiber Glass Industry report. The insulated and composite fiberglass market is a part of the glass industry, which has, over the years, maintained a steady growth rate where demand exceeds supply. Also in recent years, the demand for durable, lightweight and non-corrosive components has increased and thus stimulated the growth of the fiberglass industry in both basic and high-tech industries such as construction, automotive, aircraft, electronics, etc. Even if construction is the largest market, production companies have increased their marketing focus on other industries due to the recent US housing market crisis. However, the global demand for clean energy and infrastructure up-gradation is also expected to boost the composite fiberglass industry in the future. The US is the largest market for the consumption and production of fiberglass, while in Europe, Germany is the largest producer of fiberglass reinforcement, followed by France and Italy. China is the largest fiberglass producer in emerging markets, and the country“s demand is expected to surpass that of the US with regards to consumption. Emerging markets, including India and Brazil, are expected to record an increase in demand for composite fiberglass products, thanks to government investments (infrastructure). The report analyzes the insulated and composites segments of the fiberglass industry also assessing opportunities for operators, as well as drivers, opportunities and challenges for the industry. Moreover, the report highlights the positioning and strategies of Owens Corning, China Fiberglass and PPG Industries – the major global fiberglass manufacturers.