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Global Glass Microfiber Market Insight2022-02-07 Comments
The Glass Microfiber market is expected to continue to grow in the next few years. According to the WK-chem Research “Global Glass Microfiber Professional Survey Report 2022, Forecast to 2027”, The market is driven by the increasing demand for glass fibers in construction and rising demand for glass fibers in the transportation industry. In addition, increasing demand for glass fibers in construction is anticipated to boost the growth of the market as well. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 3.94% base on WK-chem Research regression analysis model.
“Fiberglass is the most popular reinforcement polymer due to its array of properties. The good physical and chemical properties of glass fiber make it popular in many different industries. The future market development will attract more participants to join. Many glass fiber market players worldwide have been engaging in research and development activities to improve their product quality, which could help develop a niche market in future.” said Leo, Senior analyst, WK-chem Research.
Glass fibers are the materials made from the extremely fine fiber of glass which is a non-crystalline material with a short-range network structure. Glass fibers have mechanical properties approximately equal to other fibers, such as polymers and carbon fibers. Glass fiber is used as eco-friendly construction material in the form of glass-fiber reinforced concrete (GRC). The GRC impart buildings with a solid appearance without causing weight and environmental distresses. Over the medium term, the major factor driving the growth of the market studied is a high demand from the construction industry. Glass fiber has roughly comparable mechanical properties to other fibers such as polymers and carbon fiber. Although not as rigid as carbon fiber, it is much cheaper and significantly less brittle when used in composites. Glass fibers are therefore used as a reinforcing agent for many polymer products to form a very strong and relatively lightweight fiber-reinforced polymer (FRP) composite material called glass-reinforced plastic (GRP), also popularly known as “fiberglass”. Due to COVID-19, the building and construction industry has been affected adversely owing to the lockdown regulations, shortage of laborers, production halt, etc. This, in turn, has affected the glass fiber market, as building and construction is a major end-user industry for glass fibers. On the flip side, the low-profit margin on sales and competition from carbon fiber and rockwool has restrained the growth of the glass fiber market during the forecast period.
The major players that are operating in the global Glass Microfiber market are: Johns Manville，Unifrax，Hollingsworth and Vose，Lydall，Taishan Fiberglass (Sinoma)，Ahlstrom，Zisun，Anhui Jiyao Glass Microfiber，Prat Dumas，Porex
Segmentation of Glass Microfiber Market:
Based on product type, the Glass Microfiber market segment includes A-Glass，C-Glass，E-Glass，Others. A-glass is also known as alkali glass or soda-lime glass. It is the most commonly available type of fiberglass. About 90% of the glass that is manufactured is alkali glass. It is the most prevalent type that is used in making glass containers like jars and bottles for food and beverages, and windowpanes. Soda-lime glass is chemically stable, relatively inexpensive, extremely workable, and quite hard. It can be re-melted and re-softened numerous times, which is why A-glass type fiberglass is the ideal type of glass for glass recycling. Based on Application, the market is segmented into Buildings and Construction, Automotive, Aerospace and Defense, Others. Fiberglass offers dimensional stability, which makes it an ideal material to be used in construction. Reduced weight, low flammability, impact resistance, and high strength are all the properties that any construction material should have, and fiberglass is everything that it needs to be. Fiberglass is used in the construction of both interior and exterior components of commercial, residential, and industrial constructions, ranging from bathroom fixtures to swimming pool fences to skylights of industrial buildings to solar heating elements.
Glass Microfiber Market: Regional Analysis
On the basis of Geography, the Glass Microfiber market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific has the highest market share. The Asia-Pacific construction sector is the largest in the world, and its growth especially in the commercial building sector in countries like China, India and Japan, is expected to increase the demand for glass fiber market during the forecast period. Also, the Asia-Pacific region is the largest automotive manufacturing hub, registering almost 60% production share of the world. Overall, continuous investments in various end-user sector are going to largely boost the consumption of glass fiber in the Asia-Pacific region.
Largest share area：Asia-Pacific
Largest share country：China
Application：Buildings and Construction, Automotive, Aerospace and Defense, Others
Leading Company：Johns Manville，Unifrax，Hollingsworth and Vose，Lydall，Taishan Fiberglass (Sinoma)