As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.
Bangalore, India, November 30, 2021/PRNewswire/ - The global fiberglass market by type (roving fiberglass, chopped fiberglass, yarn fiberglass), application (construction, transportation, industry, consumption, wind power) ) To subdivide. 2021-2027 global opportunity analysis and industry forecast. It is published in the assessment report under the chemical industry category.
In 2020, the global glass fiber market is worth 8.191.2 billion U.S. dollars and is expected to reach 10.74 billion U.S. dollars by the end of 2027, with a compound annual growth rate of 4.4% from 2021 to 2027.
The main factors driving the growth of the glass fiber market:
During the forecast period, more and more applications in manufacturing, residential and commercial structures may promote the development of the construction industry. The increase in per capita income of customers and qualities such as ease of installation and aesthetics have promoted the expansion of the construction industry. The growth of the construction industry is the main driving force of the glass fiber market.
The extensive use of fiberglass in the construction and infrastructure industries and the increasing use of fiberglass composites in the automotive industry are the two main factors driving the expansion of the fiberglass market.
The non-conductive properties of glass fiber make it an excellent insulator, helping to simplify the grounding process during installation. Therefore, as the demand for electrical insulation grows, the glass fiber industry may grow in the next few years.
Get samples now: https://reports.valuates.com/request/sample/QYRE-Auto-32M424/Global_Fiberglass_Market
Trends affecting the growth of the glass fiber market
Fiberglass is used in mesh fabrics in the construction industry to prevent internal walls, floors and wall coverings, self-adhesive drywall adhesives, waterproof glass frit and other products from breaking. In recent years, modern architecture has made great progress, leading to the development of modern materials, which are complementary to art, while maintaining the stability and strength of the built structure. Fiber-reinforced polymer (FRP) materials are included in the regulations of the International Building Code (IBC). Therefore, in addition to internal and specific external uses, FRP can also be used as building and building materials above the fourth floor. The glass fiber market is expected to be driven by this.
The increase in the number of wind energy installations is expected to promote the growth of the glass fiber market. The global capacity of fossil fuels is decreasing. Therefore, increasing the use of renewable energy is essential. Wind energy is one of the most important renewable energy sources. The growing demand for wind energy has promoted the development of the glass fiber market. In wind turbines, fiberglass composites are used to strengthen the blades and provide high fatigue and corrosion resistance.
The use of glass fiber composites in the automotive industry is becoming more frequent, which in turn is expected to promote the growth of the glass fiber market. Fiberglass provides a greater strength-to-weight ratio, which is a key consideration in the automotive industry. Vehicles composed of lightweight, high-strength components can provide better mileage and fuel efficiency. In order to reduce carbon dioxide emissions, the automotive industry has been subject to strict supervision. Therefore, the industry has been urged to introduce fuel-efficient light vehicles to reduce greenhouse gas emissions. In the automotive industry, glass fiber composite materials are widely used as a substitute for aluminum and steel in the production of lightweight automobiles.
Browse the catalog and chart list: https://reports.valuates.com/reports/QYRE-Auto-32M424/global-fiberglass
Depending on the application, the construction industry is expected to be the most profitable. Glass fiber is mainly used as a composite material in the construction industry. Because of its fire resistance, corrosion resistance, light weight and high strength, it is widely used in construction materials. In the construction business, it is commonly used for non-structural components, including pipes, exterior wall panels, and passages. Therefore, the use of this product in the construction industry is increasing, driving market demand during the forecast period.
The Asia-Pacific region has a market share of close to 55% and is the most important region. North America is a latecomer, accounting for about 20% of the market.
Consulting customization: https://reports.valuates.com/request/customisation/QYRE-Auto-32M424/Global_Fiberglass_Market
Query chapter cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-32M424/Global_Fiberglass_Market
Buy now a single user + Covid-19 impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-32M424&lic=single-user
We have launched a tailor-made subscription service for our customers. Please leave a message in the comments section to learn about our subscription plans.
-In 2020, the global E glass fiber yarn market is worth 6.524 billion U.S. dollars and is expected to reach 9.160.9 billion U.S. dollars by the end of 2027, with a compound annual growth rate of 5.3% from 2021 to 2027.
-In 2020, the global glass fiber swimming pool market will reach USD 1,635.4 million and is expected to reach USD 2.388 billion by the end of 2027, with a compound annual growth rate of 5.6% from 2021 to 2027.
-2021-2027 China's recycled glass fiber market report and forecast
-2021-2027 China A-Glass Fiber Market Report and Forecast
-Global and Japanese self-adhesive fiberglass mesh tape market insights, forecast to 2027
-Global and Chinese fiberglass building product market insights, forecast to 2027
-Global and Chinese technical textiles and glass fiber market insights, forecast to 2027
-The scale, current situation and forecast of the global glass fiber recycling market in 2021-2027
Click here to view related reports on the glass fiber market
Valuates provides in-depth market insights into various industries. Our extensive report library will be constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you choose the best report covering your industry. We understand your niche-specific requirements, which is why we provide customized reports. Through our customization, you can request any specific information from a report that meets your market analysis needs.
In order to obtain a consistent market view, collect data from various primary and secondary sources. In each step, data triangulation methods are applied to reduce bias and find a consistent market view. Each sample we share contains detailed research methods used to generate reports. Please also contact our sales team for a complete list of our data sources.
Contact us: Valuation report sales@valuates.com US toll free 1-(315)-215-3225 IST Phone +91-8040957137 WhatsApp: +91-9945648335 Website: https://reports.valuates.com Twitter-https:/ /twitter.com/valuatesreports LinkedIn-https://in.linkedin.com/company/valuatesreports
View the original text: https://www.prnewswire.com/news-releases/fiberglass-market-to-reach-usd-10740-million-by-2027-at-a-cagr-of-4-4--valuates- reports-301433754.html
The meta universe is a vague idea, a technology that has not yet been fully defined. Its bottom line grew faster, and free cash flow soared 69% to US$7.2 billion.
Zach Guzman of Yahoo Finance discussed the era's choice of Tesla and SpaceX CEO Elon Musk as their "person of the year" and how Tesla is changing the auto industry.
Although the US government predicts that oil and natural gas prices will fall in 2022, many private sector forecasts show the opposite.
A liquefied natural gas terminal export project hopes to provide exports to Asia for the abundant natural gas reserves of the Rocky Mountains.
A higher dollar limits the rise in silver prices
Here's how to maximize the social security benefits you receive and minimize the taxes you pay for them.
Joe Stefani, president of Amazon's e-commerce store Desert Cactus, joined the Yahoo Finance Live to discuss the recent outage of Amazon Web services and its impact on his business.
Even if you don't have a traditional job, you can use these unconventional sources of income to contribute to the Roth IRA.
(Bloomberg)-China's new food import regulations will take effect on January 1 as planned, even after trading partners including the United States and Europe urge Beijing to postpone their implementation, saying that the policy will further disrupt the supply chain. Zero taxes, golf, and beach villas can build a crypto island paradise indoor farm that can reach the height of a skyscraper? China is building the world's largest national park system, Boris Johnson, angry members of Congress worry that his next mistake may be fatal
Favorable macroeconomic development will benefit the company
Yahoo Finance Live hosts Julie Hyman and Brian Sozzi discussed the rise of Rivian stock after MotorTrend awarded the electric car developer the Truck of the Year Award.
(Bloomberg)-When Sasada Tamuo was appointed as a client of a large Japanese company, she suddenly broke out in a cold sweat. Now, the Bank of America executive is urging other female colleagues to meet new challenges and open up a path to sustainable finance for her. Most articles from Bloomberg, zero taxes, golf, and beach houses create a crypto island paradise
The Yahoo Finance live broadcaster explained the companies joining (and leaving) the Nasdaq 100 Technology Index.
Wells Fargo believes that American Express shares have greater upside potential. why is that.
An increasing number of employers say that workers can now stay at home for a few more months, while some employers have suspended vaccine requirements due to orders from the Biden administration being blocked.
(Bloomberg)-Saudi Arabia said that due to the decline in investment in fossil fuels, global oil production may fall by 30% by the end of this decade. Most of Bloomberg's reading zero tax, golf and beach villas created a crypto island paradise indoor farm can reach the height of a skyscraper? China is building the world's largest national park system, Boris Johnson, angry members of Congress worry that his next mistake may be fatal
(Bloomberg)-The weeks of anxiety surrounding the Asian power crunch this winter have been offset by mild weather and the replenishment of coal and natural gas inventories, providing some respite before the colder months. The house creates an encrypted island. Can the indoor farm reach the height of a skyscraper? China is building the world's largest national park system, Boris Johnson, angry members of Congress worry that his next mistake may be fatal, Asia has been working hard to resolve
Katharine George of Wealthstream Advisors joined the Yahoo Finance Live to discuss some "horrible" issues surrounding retirement planning.
ExxonMobil is closely related to oil prices. As the market reassesss the impact of omicron, oil prices have rebounded. Is XOM stock worth buying?
Climate change is the problem of our time. From policy makers to individuals, each of us has the responsibility to do our part to ensure that sustainability and green practices are implemented throughout society. In fact, governments around the world, from the United States to China, are increasingly taking proactive stances on climate change issues. The recently held 2021 United Nations Climate Change Conference COP26 has become an important part of promoting the realization of the Paris Agreement in terms of climate change. The driving force action of the goal. Companies are also beginning to assume greater responsibilities. Many investors no longer only regard financial performance as a sufficient measure of success-increasingly consider ESG measures, that is, negative externalities, to determine the true value of business activities to society .