Glass Fiber Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
184 Page Report
Booming Automotive Industry to Become Cornerstone of
Growth for Glass Fiber Market : TMR
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Glass Fiber Market
Glass Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
The competitive landscape in the global glass fiber market is fairly consolidated, finds TMR in a new study. The
leading players in the overall market are focusing on developing export channels to increase their international
presence and subdue China’s hold in the foreign markets.
TMR’s findings also indicate that major companies are focusing on aligning their research and development
activities to develop improved product portfolio. For instance, Jiangsu Jiuding New Material Co. Ltd. invested
about US$3.2 mn in R&D in 2013. This move enabled the company to create 44 technology and product
patents. Similarly, Nippon Electric Glass Co., Ltd. is gunning for expanding its capacities to improve its market
position and cater to the pharmaceutical sector as well.
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Heightened Marine and Automotive Production Improves Glass Fiber Demand
Exceptional qualities of glass fiber such as low weight, higher impact resistance, and superior strength make it
a popular choice of material across the building and construction industry. TMR analyst says, “The growing
population of Asia Pacific, which accounted for 60.5% of the total global population, has spurred a huge
demand for construction of residential projects. These...