Glass Fiber for the Construction Market Trends and Forecast
The future of glass fiber for the global construction market looks promising with opportunities in the cooling tower, bathtub, door, swimming pool, rebar, utility pole, grating, and bridge deck markets. Glass fiber for the global construction market is expected to grow with a CAGR of 2.7% from 2024 to 2030. The major drivers for this market are ongoing advancements in glass fiber manufacturing technology and processes, growing awareness of environmental sustainability and energy efficiency, as well as, increasing construction activities worldwide.
• Lucintel forecasts that single end roving is expected to witness the highest growth over the forecast period.
• Within this market, cooling tower is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of Glass Fiber for the Construction Market
• USA - Owens Corning announces investment in R&D for innovative glass fiber solutions in construction, aligning with government goals for sustainable infrastructure. Targets include reducing carbon footprint and enhancing building resilience.
• China - Jushi Group expands production capacity for glass fiber reinforcements to meet government targets for infrastructure development and urbanization projects, supporting sustainable construction initiatives.
• Germany - Saint-Gobain invests in energy-efficient glass fiber manufacturing processes, in line with government targets for reducing greenhouse gas emissions in construction. Initiatives aim to enhance building insulation performance and promote sustainable building practices.
• India - Asahi India Glass collaborates with local governments to promote the use of glass fiber reinforced concrete in construction projects, supporting targets for urban development and infrastructure modernization.
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 the Construction Market by Segment
The study includes a forecast for the glass fiber for the global construction market by product type, manufacturing process, application, and region.
Glass Fiber for the Construction Market by Product Type [Value from 2018 to 2030]:
• DUCS
• Single End Roving
• Multi-End Roving
• Yarn
• Continuous Filament Mat
Glass Fiber for the Construction Market by Manufacturing Process [Value from 2018 to 2030]:
• Hand Lay-Up
• Spray Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Compression Molding
• Prepreg Layup
• Injection Molding
• Others
Glass Fiber for the Construction Market by Application [Value from 2018 to 2030]:
• Cooling Tower
• Bathtubs
• Door
• Swimming Pools
• Rebar
• Utility Poles
• Grating
• Bridge Deck
• Others
Glass Fiber for the Construction Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Glass Fiber Companies for the Construction 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 the construction 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 the construction market are profiled in this report include-
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass Co. Ltd.
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Recent Development in Glass Fiber for the Construction Market
• Owens Corning: Introduces a new line of high-performance glass fiber reinforcements for construction materials, enhancing durability and reducing environmental impact.
• Saint-Gobain: Implements advanced manufacturing techniques to produce eco-friendly glass fiber products for building insulation, meeting stringent sustainability standards.
• Jushi Group: Partners with construction firms to develop customized glass fiber solutions for infrastructure projects, optimizing structural integrity and cost-efficiency.
• Asahi India Glass: Launches innovative glass fiber reinforced concrete products, offering superior strength and flexibility for diverse construction applications.
Features of the Glass Fiber for the Global Construction Market
Market Size Estimates: Glass fiber for the construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Glass fiber for the construction market size by product type, manufacturing process, application, and region in terms of value ($B).
Regional Analysis: Glass fiber for the construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, manufacturing processes, applications, and regions for glass fiber for the construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of glass fiber for the construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast of glass fiber for the construction market?
Answer: Glass fiber for the global construction market is expected to grow with a CAGR of 2.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the glass fiber for the construction market?
Answer: The major drivers for this market are ongoing advancements in glass fiber manufacturing technology and processes, growing awareness of environmental sustainability and energy efficiency, as well as, increasing construction activities worldwide.
Q3. What are the major segments of glass fiber for the construction market?
Answer: The future of glass fiber for the global construction market looks promising with opportunities in the cooling tower, bathtub, door, swimming pool, rebar, utility pole, grating, and bridge deck markets.
Q4. Who are the key glass fiber companies for the construction market?
Answer: Some of the key glass fiber companies for the construction market are as follows:
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass Co. Ltd.
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Q5. Which glass fiber for the construction market 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 for the construction market, 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 in glass fiber for the construction market by product type (DUCS, single end roving, multi-end roving, yarn, and continuous filament mat), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layup, injection molding, and others), application (cooling tower, bathtubs, door, swimming pools, rebar, utility poles, grating, bridge deck, 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 the Construction Market Market, Glass Fiber for the Construction Market Market Size, Glass Fiber for the Construction Market Market Growth, Glass Fiber for the Construction Market Market Analysis, Glass Fiber for the Construction Market Market Report, Glass Fiber for the Construction Market Market Share, Glass Fiber for the Construction Market Market Trends, Glass Fiber for the Construction Market Market Forecast, Glass Fiber for the Construction Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.