Chinese Glass Fiber Market is anticipated to grow at a CAGR of 4.3% during 2023-2028
The global Chinese glass fiber market is projected to reach $4.0 billion by 2028, at a CAGR of 4.3% during 2023-2028. The growth of Chinese glass fiber market is driven by growth is high demand of glass fiber in electrical and electronics segment specially for printed circuit boards where glass fiber are used in manufacturing of parts and support in rising trend of miniaturization and compact with portable devices.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Chinese glass fiber market by end use (transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, consumer goods, and others), manufacturing process (hand layup, spray-up, resin infusion, pultrusion, injection molding, compression molding, filament winding, prepreg layup, and others), fiber type (E/ECR-glass fiber, S-glass fiber, and other glass fibers), and product type (single-end roving, multi-end roving, chopped strand mat, fabrics, continuous filament mat, chopped strand, and other product types)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the Chinese glass fiber market?
Q.4 What are some changing demands of customers in the Chinese glass fiber market?
Q.5 What are the new developments in the Chinese glass fiber market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this Chinese glass fiber area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this Chinese glass fiber market?
Emerging trends, which have a direct impact on the dynamics of the industry, include innovation trends focused on ultra-high modulus glass fiber and glass fiber based composites part using 3D technology.
Market Segmentation:
Based on end use, the Chinese glass fiber market is segmented into transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, consumer goods, and others. The electrical and electronics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising adoption of smartphones, IOT device, and growing demand for electronics in the automotive, aerospace, and electrical and electronics drives the demand of overall electrical and electronic market. Aerospace segment is expected to witness highest growth over the forecast period.
Key Players in the Chinese glass fiber market are China Jushi Co., Ltd., Chongqing Polycomp International Corporation, Owens Corning, Taishan Fiberglass Inc., Sichuan Weibo. Co., Ltd., Shandong Fiberglass Group Corporation, Hebei Yuniu Fiberglass, and Jiangsu Changhai Composite Materials Co., Ltd.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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