Research and Markets Adds Report: Glass Fiber & Glass Fiber Reinforced Plastic (GFRP) Composites Market Report 2014 - Forecasts 2019 [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "Glass Fiber & Glass Fiber Reinforced Plastic (GFRP) Composites Market by Raw Material, Manufacturing Process, Application & by Geography - Global Trends & Forecast to 2019" report to its offerings.
In a release, Research and Markets noted that report highlights include:
Glass fibers are produced when glass is heated until it is molten, and is forced through superfine holes, creating thin glass filaments/fibers about 1/10th the size of a human hair. Glass fibers are available in different diameters according to their requirement. They have been incorporated in various applications for several decades because of their relatively low cost in comparison with traditional materials such as steel and aluminum and are easily available. Additionally, usage of glass fibers in place of metals offers certain structural advantages such as styling flexibility. GFRP Composites are lighter and flexible; therefore producing complex models with higher resistance and lower weight is easier.
The factor responsible for the growing demand of glass fiber industry is the recovery of the global economy and improving prospects in various end-use markets. Since glass fiber composites are reliable, versatile, light weight, and cost-effective, the demand of GFRP Composites is higher. The enormous potential in the Asian countries, particularly China and India, is likely to foster further growth of the glass fiber market. This report estimates the market size of the GFRP Composites both, in terms of volume and value.
The global GFRP Composites market by raw material, manufacturing process, and applications has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. The transportation and construction & infrastructure sector constitute majority of the market, globally. While electrical & electronics, consumer goods, pipe, tank & other corrosion resistant equipment and marine contribute largely to the pharmaceutical packaging market; wind energy and aerospace & defense sectors, and other new applications will drive the future growth in the industry.
The Asia-Pacific and North American regions dominated the GFRP Composites market in 2013 and accounted for 67 percent of the market share. These regions dominate the GFRP Composites market due to their usage in transportation, construction & infrastructure, aerospace & defense, and wind energy sectors, which drive the GFRP Composites market. The Asia-Pacific region has been the leading market with respect to supply and demand of glass fibers and will be the fastest growing market among all the regions for the forecast period. The market in this region is spurred by the large economies of Japan, China, and India that are experiencing increased manufacturing activities, growth of infrastructure & construction and wind energy sector, and increased government investments in defense and construction projects.
With the market participants' growing interest in new product innovations for various end applications; it is expected that the global GFRP Composites market will register strong growth in the near future. Largely, the glass fiber market is fragmented with leading participants being Owens Corning (U.S.), Jushi Group (China), Taishan Fiberglass Inc. (China), Advanced Glassfiber Yarns (AGY) (U.S.), Binani 3B-The Fibreglass Company (Belgium), Chongqing Polycomp International Corp. (China), Johns Manville (U.S.), Nippon Sheet Glass (Japan), PPG Industries (U.S.), and Saint Gobain- Vetrotex (France).
-Advanced Glassfiber Yarns (AGY)
-Asahi Glass Company Limited
-Binani 3B-The Fibreglass Company
-Chongqing Polycomp International Corp
-Jushi Group Co.
-Nippon Sheet Glass Co. (NSG)
-Nitto Boseki Co.
-PPG Industries Inc.
-Taishan Fiberglass Inc.
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