Glass Fiber for Resin Infusion Market Trends and Forecast
The future of the global glass fiber market for resin infusion looks promising with opportunities in the construction and wind energy markets. The global glass fiber market for resin infusion is expected to grow with a CAGR of 8.0% from 2024 to 2030. The major drivers for this market are rising demand for lightweight and high-performance materials in automotive components and expanding use of glass fibers in construction and infrastructure.
• Lucintel forecasts that single end roving is expected to witness the highest growth over the forecast period.
• Within this market, construction is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of the Glass Fiber for Resin Infusion Market
• United States: In the United States, Owens Corning announced a partnership with a major aerospace manufacturer to develop advanced glass fiber reinforcements tailored for resin infusion processes. This collaboration aims to enhance the performance and efficiency of composite structures used in aircraft manufacturing. Owens Corning set targets to increase the adoption of resin infusion techniques in the aerospace sector by 20% over the next two years. The U.S. government's support for research and development in advanced materials, as outlined in initiatives such as the National Aerospace Innovation Strategy, provides funding opportunities for companies investing in composite manufacturing technologies.
• India: In India, Reliance Industries Limited (RIL) disclosed plans to establish a state-of-the-art manufacturing facility for glass fiber reinforcements optimized for resin infusion applications. RIL's investment aligns with the Indian government's 'Make in India' initiative, aimed at promoting domestic manufacturing and reducing dependency on imports. The company aims to capture a significant market share in India's growing composites industry by offering high-quality materials tailored to local market needs. RIL set targets to achieve a 30% increase in production capacity for resin infusion materials within the next three years. Government subsidies and incentives for companies investing in advanced materials and manufacturing technologies further support the growth of the glass fiber market in India.
• China: In China, China Jushi Co., Ltd., the largest fiberglass manufacturer in the world, announced plans to invest in research and development of resin infusion technology for marine and wind energy applications. The company aims to enhance product performance and production efficiency to meet the increasing demand for lightweight, high-strength materials in these sectors. China Jushi Co., Ltd. set targets to capture a larger share of the global resin infusion market by expanding its product portfolio and improving manufacturing processes. The Chinese government's focus on promoting renewable energy and sustainable development provides favorable conditions for companies investing in advanced composite materials.
• Germany: In Germany, SGL Carbon SE unveiled a new research initiative focused on developing carbon fiber reinforcements for resin infusion processes in automotive and aerospace applications. The company aims to leverage its expertise in carbon fiber technology to address the demand for lightweight, high-performance materials in these sectors. SGL Carbon SE set targets to increase the use of resin infusion techniques in its manufacturing processes by 25% by 2025. Government funding support for research and development projects in the automotive and aerospace industries, as part of initiatives like the German Federal Ministry for Economic Affairs and Energy's High-Tech Strategy 2025, provides additional resources for advancing composite materials technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Glass Fiber for Resin Infusion Market by Segment
The study includes a forecast of the global glass fiber for resin infusion market by product type, application, and region.
Glass Fiber Market for Resin Infusion by Product Type [Value from 2018 to 2030]:
• DUCS
• Single End Roving
• Multi-End Roving
• Yarn
• Continuous Filament Mat
Glass Fiber Market for Resin Infusion by Application [Value from 2018 to 2030]:
• Construction
• Wind Energy
• Others
Glass Fiber Market for Resin Infusion by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Glass Fiber Companies for Resin Infusion Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass fiber companies for resin infusion market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass fiber companies for resin infusion market are profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in the Glass Fiber Market for Resin Infusion
• Hexcel Corporation: Hexcel Corporation announced the development of a new range of infusion-specific glass fiber reinforcements designed to optimize resin flow and wet-out characteristics. This initiative aims to enhance the efficiency and quality of resin infusion processes, particularly in aerospace and automotive applications where lightweight, high-performance materials are essential.
• Scott Bader: Scott Bader introduced a breakthrough resin system tailored for resin infusion techniques in marine and wind energy sectors. The resin offers improved cure kinetics and mechanical properties, providing manufacturers with greater flexibility and reliability in producing composite components for boats and wind turbine blades. Scott Bader's innovation underscores its commitment to advancing sustainable solutions in the glass fiber market.
• Gurit: Gurit unveiled a novel vacuum infusion technology that enables the rapid and uniform impregnation of glass fiber reinforcements with resin. This technology reduces production cycle times and material waste, offering cost savings and productivity gains for manufacturers across various industries, including automotive, rail, and renewable energy. Gurit's initiative reflects its dedication to driving efficiency and innovation in resin infusion processes.
• Solvay: Solvay announced the launch of a new line of infusion-compatible epoxy resins formulated to meet the stringent performance requirements of aerospace and defense applications. These resins offer superior mechanical properties, fire resistance, and thermal stability, making them ideal for fabricating structural components using resin infusion techniques. Solvay's investment in advanced materials highlights its commitment to supporting the evolving needs of customers in the glass fiber market.
Features of the Global Glass Fiber Market for Resin Infusion
Market Size Estimates: Glass fiber market for resin infusion size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Glass fiber market for resin infusion size by product type, application, and region in terms of value ($B).
Regional Analysis: Glass fiber market for resin infusion breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions of the glass fiber market for resin infusion.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the glass fiber market for resin infusion.
Analysis of competitive intensity of the industry based on Porter’s Five forces model.
FAQ
Q1. What is the growth forecast for glass fiber market for resin infusion?
Answer: The global glass fiber market for resin infusion is expected to grow with a CAGR of 8.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the glass fiber market for resin infusion?
Answer: The major drivers for this market are rising demand for lightweight and high-performance materials in automotive components and expanding use of glass fibers in construction and infrastructure.
Q3. What are the major segments for glass fiber market for resin infusion?
Answer: The future of the glass fiber market for resin infusion looks promising with opportunities in the construction and wind energy markets.
Q4. Who are the key glass fiber market for resin infusion companies?
Answer: Some of the key glass fiber companies for resin infusion market are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which glass fiber market for resin infusion segment will be the largest in future?
Answer: Lucintel forecasts that single end roving is expected to witness the highest growth over the forecast period.
Q6. In glass fiber market for resin infusion, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities of the glass fiber market for resin infusion by product type (ducs, single end roving, multi-end roving, yarn, and continuous filament mat), application (construction, wind energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Glass Fiber for Resin Infusion Market Market, Glass Fiber for Resin Infusion Market Market Size, Glass Fiber for Resin Infusion Market Market Growth, Glass Fiber for Resin Infusion Market Market Analysis, Glass Fiber for Resin Infusion Market Market Report, Glass Fiber for Resin Infusion Market Market Share, Glass Fiber for Resin Infusion Market Market Trends, Glass Fiber for Resin Infusion Market Market Forecast, Glass Fiber for Resin Infusion Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.