Over the years, this industry has maintained a steady growth rate and is largely characterized as a market, where "demand exceeds supply". In the recent years, the demand for durable, light-weight and non-corrosive components has increased and this has fueled the growth of the fibre glass industry.
Recent years has seen the expansion of the fibre glass industry in both basic and high-tech industries such as construction, automotive, aircraft, electronics, among others.
Although, construction is the largest market, the production companies due to the recent US housing market crisis have increased their marketing focus on other industries.
Apart form this, the global demand for clean energy and infrastructure up-gradation is also expected to boost the composite fibre glass industry’s growth in the future. Geographically, the US is the largest market for fibre glass, both in terms of consumption as well as production.
In Europe, Germany is the largest producer of reinforcement fibre glass, followed by France and Italy. Among the emerging markets, China is the largest fibre glass producers and in the next few years, in terms of consumption, the country’s demand is expected to surpass that of the US.
Due to government investments (infrastructure), the emerging markets including India and Brazil are anticipated to record an increase in demand for composite fibre glass products. Owens Corning is regarded as the global market leader, particularly in the glass fibre reinforcement materials for composites.
With the acquisition of Saint Gobain’s reinforcements and composite fabric businesses, the company has redefined the fibre glass market.
However, in the recent months China Fibreglass has also consolidated its market position, through both acquisitions as well as introduction of new production lines. Presently, China Fibreglass in the second largest player in the global fibre glass market.
The report analyzes the two main segments of the fibre glass industry - insulated as well as composites and assesses opportunities available for the players.
The drivers, opportunities and challenges for the industry have also been analyzed.
Further, the report highlights the positioning and strategies of the major global fibre glass manufacturers - Owens Corning, China Fibreglass and PPG Industries.
Demand-Supply Imbalance in the Global Fibre Glass Industry Key Topics Covered:
1. Fiber Glass Industry
2. Fiber Glass Market: Size and Growth
3. Growth Drivers
4. Market Challenges
5. Business Opportunities
6. Company Profiles
7. Market Forecast Companies
Mentioned: Owens Corning China Fiber Glass PPG
A Comprehensive Report on the Demand-Supply Imbalance in the Global Fibre Glass Industry
Research and Markets has announced the addition of the "Demand-Supply Imbalance in the Global Fibre Glass Industry" report to their offering. Fibre Glass market, both insulated as well as composites, is a part of the glass industry.