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US Glass Fibre Demand To Exceed 8 Billion Pounds In 2011

Glass fiber demand in the US is projected to expand 2.3 percent annually to 8.1  billion pounds in 2011, valued at $7.0 billion. Best growth is anticipated for glass  wool fiber, with overall demand constrained by slow textile glass fiber advances as  nanomaterials displace glass fibers in reinforced plastics.

Textile glass fiber prices will  continue to be squeezed by the impact of lower priced imports from countries in Asia,  particularly China. These and other trends are presented in Glass Fibers, a new study  from The Freedonia Group, Inc., a Cleveland-based industry market research firm.  Gains in glass wool fiber (fiberglass insulation) demand will reflect rebounding  demand in nonresidential building markets, particularly in the office and commercial  segment. Efforts are also being made to improve energy efficiency in manufacturing and  climate control functions, with increasing insulation use per structure. Further insulation  advances will be threatened by declining single-family home construction. However, this  will be somewhat offset by greater remodeling and renovation activity. 

Reinforced plastics will present the best opportunities for textile glass fiber.
Textile glass fibers are low cost, versatile and corrosion resistant materials used in both  reinforced and nonreinforced applications. Slow textile glass fiber growth will be  attributable to maturing applications, intense competition and rapid inroads made by  nanomaterials. Nanomaterial reinforcement advances into reinforced textile glass fiber  markets are expected as supplies increase and prices become more competitive.  Nanomaterial advantages as plastic reinforcements include their unique performance  properties, clarity and significantly reduced loading factors.

The entire study available on the source link below.


June 5th, 2007
Source: Freedoniagroup


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