DALLAS, Oct. 30, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global glass fiber market is promising with opportunities in the end use industries such as transportation, construction, pipe and tank, electrical and electronics, wind energy, and consumer goods. The global glass fiber market is expected to reach an estimated $9.4 billion by 2023, and it is forecast to grow at a CAGR of 3.9% from 2018 to 2023. The major growth driver for glass fiber is the rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Browse 101 market data tables and 151 figures spread through 238 pages and in-depth TOC on “Global Glass Fiber Market" at https://www.lucintel.com/glass-fiber-market.aspx
In this market, marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others are used for glass fiber manufacturing for application. Lucintel forecasts that the segments of construction and pipe & tank are expected to show average growth during the forecast period from 2018 to 2023. Download Free PDF Brochure @ https://www.lucintel.com/glass-fiber-market.aspx#/
Asia Pacific is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India. Pre-Purchase Query click https://www.lucintel.com/glass-fiber-market.aspx#/
Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, include cost optimization and performance enhancement of glass fibers. Owens Corning, Jushi, Nippon Electric Glass Co.Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), others are among the major suppliers of glass fiber.
Lucintel, a leading global market research firm has analyzed and forcasted growth opportunities for global glass fiber market by application, product type, manufacturing process, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Glass Fiber Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.
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