Booming Automotive Industry to Become Cornerstone of Growth for Glass Fiber Market.Pdf

Transparency Market
Research

Glass Fiber Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024

Published Date
09-May-2015

184 Page Report

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Booming Automotive Industry to Become Cornerstone of Growth for
Glass Fiber Market: TMR

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Glass Fiber Market

REPORT DESCRIPTION

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...