Lewes, DE -- (SBWIRE) -- 05/28/2019 -- Global Glass Fiber (GF) and Glass Fiber Reinforced Plastic (GFRP) Composites market is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 8.53 Billion USD in 2024, from 7.15 Billion USD in 2019.

Glass fibers are the materials consisting of extremely fine glass fibers, used in making various products, such as yarns, fabrics, insulators, and structural objects or parts. It is also called spun glass.

Glass fiber & glass fiber reinforced plastic (GFRP) composites refer to composite materials made of resin reinforced with glass fiber. GFRP composites is used for its high mechanical strength, light weight, corrosion and temperature resistant properties, thermal insulation, smooth internal surface, easy to form complex shapes, ease of repair and its cost effectiveness.

Scope of the Report:
The production of glass fibers increases from 6022 K MT in 2012 to 6982K MT in 2016, with an average growth rate of more than 3.69 %. In the world wide, China, North America and Europe are the major manufacturing and consumption market regions in the world. Jushi Group and Owens Corning Corporation are the global leading manufacturers of glass fibers. The production of Glass Fiber Reinforced Plastic increases from 10204 K MT in 2012 to 12027K MT in 2016, with an average growth rate of more than 4.38 %. In the world wide, China, North America and Europe are the major manufacturing and consumption market regions in the world.

The global glass fibers production will increase to 9128K MT in 2022, the global Glass Fiber Reinforced Plastic production will increase to 16124K MT in 2022 it is estimated that the global glass fibers and Glass Fiber Reinforced Plastic increases demand will develop with an average growth rate of about 4.79% and 4.99%, in the coming five years.

We tend to believe this industry now is mature, and the consumption increasing degree will show a slowly rising curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

The worldwide market for GF and GFRP Composites is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 8530 million US$ in 2024, from 7150 million US$ in 2019, according to a new study.

This report focuses on the GF and GFRP Composites in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
Owens Corning
Jushi Group
PPG Industries
CPIC
Taishan Fiberglass (Sinoma)
Advanced Glassfiber Yarns
Binani-3B
Johns Mansville
Nippon Electric Glass
Nittobo
Saint-Gobain Vetrotex

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
General-Purpose Glass Fibers
Special-Purpose Glass Fibers

Market Segment by Applications, can be divided into
Transport
Electro & Electronics
Construction
Sport & Leisure
Others

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe GF and GFRP Composites product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of GF and GFRP Composites, with price, sales, revenue and global market share of GF and GFRP Composites in 2017 and 2018.
Chapter 3, the GF and GFRP Composites competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the GF and GFRP Composites breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, GF and GFRP Composites market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe GF and GFRP Composites sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Spanning over 116 pages "Forecast of Global GF and GFRP Composites Market 2024" report covers Market Overview, Manufacturers Profiles, Global GF and GFRP Composites Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018), Global GF and GFRP Composites Market Analysis by Regions, North America GF and GFRP Composites by Country, Europe GF and GFRP Composites by Country, Asia-Pacific GF and GFRP Composites by Country, South America GF and GFRP Composites by Country, Middle East and Africa GF and GFRP Composites by Countries, Global GF and GFRP Composites Market Segment by Type, Global GF and GFRP Composites Market Segment by Application, GF and GFRP Composites Market Forecast (2019-2024), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.

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