Fiberglass global market forecast to 2022

Fiberglass, one of the most traditional reinforcements used in the composites sector, has a potential global market projected to reach  US$ 13.48 billion by 2022, at a CAGR of 7.62% from 2017 to 2022. 

The fiberglass global market has a growth potential projected to reach US$ 13.48 billion by 2022

   According to the report titled "Fiberglass Fabric Market by Fiber Type, Fabric Type, Application, and Region - Global Forecast to 2022" made by Report Buyer, the key factor that will drive the growth of the fiberglass market in the coming years will be the increasing demand of sectors such as wind energy, nautical, electrical and electronics and transport for corrosion and heat resistant, lightweight and high strength materials.
   Based on the types of glass fibers, the type known as E-glass, which is the most widely known and used in the world, is considered the favorite candidate for a rapid growth in terms of value during the coming years by being cost-efficient and by offering a wide range of properties such as corrosion resistance, lightweight, high electrical insulation and moderate strength.
   The market growth estimated by region is the following:
• North America - 10%;
• Europe - 45%;
• Africa and the Middle East - 10%;
• Asia - 30%;
• Latin America - 5%;
   The report also includes analysis and profiles of the largest glass fiber manufacturers in the world, comparing the reinforcements used.
 
For more information access: https://www.reportbuyer.com/product/5028017/fiberglass-fabric-market-by-fiber-type-fabric-type-application-and-region-global-forecast-to-2022.html
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