According to a new market report published by Lucintel, the future of the European glass fiber market is promising with opportunities in the transportation, construction, electrical and electronics, pipe and tank, wind energy, and consumer goods industries. The European glass fiber market is expected to reach an estimated $2.1 billion by 2023 with a CAGR of 2.8% from 2018 to 2023. The major growth driver for this market is rise in demand for products made of glass composites; these include pipes, tanks, wind blades, bathtubs, and automotive parts.
Browse 46 market data tables and 64 figures spread through 158 pages and in-depth TOC on “European Glass Fiber Market"
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In this market, different types of product type such as single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS are used in European glass fiber. Lucintel forecasts that E (ECR) glass is expected to be the largest product type of glass fiber by value and volume over the forecast period.
Within the European glass fiber market, transportation is expected to remain the largest and witness the highest growth market by value and volume consumption. Government regulations, such as carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.
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In terms of supply, the European glass fiber capacity was ~1.9 billion pound in 2017.Lucintel predicts that the glass fiber plant capacity utilization will go down in 2018 as glass fiber suppliers increase production capacity. For example, in 2018, Owens Corning plans to build additional capacity in France, and Şişecam Group is installing a new plant in Turkey.
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Emerging trends, which have a direct impact on the dynamics of the European glass fiber industry, include cost optimization and performance enhancement of glass fibers. Owens Corning, Johns Manville, 3B glass fiber, Nippon Electric Glass and Lanxess and others are among the major European glass fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the European glass fiber market by application, product type, manufacturing process, country, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the European Glass Fiber Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the European glass fiber market by application, product type, manufacturing process, country, and region as follows:
By Application Type (million pounds and $ million shipment analysis from 2012 to 2023):
- Transportation
- Construction
- Electrical and Electronics
- Pipe & Tank
- Wind Energy
- Consumer Goods
- Marine
- Aerospace
- Others
By Manufacturing Process (million pounds and $ million shipment analysis in 2017):
- Hand lay up
- Spray up
- Resin infusion
- Pultrusion
- Injection molding
- Compression molding
- Prepreg lay up
- Others
By Product Form (million pounds and $ million shipment analysis from 2012 to 2023):
- Single end roving
- Multi end roving
- Woven roving
- Fabrics
- CSM
- CFM
- DUCS
- CS
- Others
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
By Country (Value ($M) and Volume (M lbs) shipment analysis for 2012- 2023):
- Germany
- France
- Italy
- Spain
- UK
- Others
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This 158-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/european-glass-fiber-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the European glass fiber market to 2023 by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand lay up, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg layups, and others), country (Germany, France, Italy)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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