Lucintel Forecasts the Global High Performance Glass Fiber Market to Reach $242 Million by 2030
Lucintel Forecasts the Global High Performance Glass Fiber Market to Reach $242 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global high performance glass fiber market looks promising with opportunities in the aerospace & defense, wind energy, automotive, pressure vessels, civil engineering, marine, electrical and electronics, and sporting goods end uses. The global high performance glass fiber market is expected to reach an estimated $242 million by 2030 from $183 million in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing demand for high stiffness, lightweight, low styrene emission and environment regulations which are driven in high performance applications.
A more than 150-page report to understand trends, opportunity and forecast in global high performance glass fiber market to 2031 by end use (aerospace & defense, pressure vessel, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine, and others), product type (S-glass, R-glass, T-glass and others), product form (roving, chopped and yarn), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts wind energy will remain the largest end use segment over the forecast period.
S-glass will remain the largest segment over the forecast due to increasing penetration of S-glass in aerospace and defense applications for strength, fiber toughness, tensile and compressive modulus and impact resistance.
APAC is expected to remain the largest region by value and volume over the forecast period.
Company are the major suppliers in the high performance glass fiber market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056