Glass Fiber Reinforcements Market to Grow by 7% (2012-2016) to Touch 6.4m MTs by 2016
Hyderabad – Industry Experts, a multi industry focused market research firm, has released a new global market research report ‘ Glass Fiber Reinforcements – A Global Market Overview ’. The new market research report reveals that the global market for glass fiber reinforcements is expected to reach US$6.4 million metric tons by 2016, valued at US$16.4 billion. After a volatile 2008 and 2009 period, the glass fiber industry regained its momentum in 2010 with economic recovery in almost all major global regions, and demand for glass fibers in virtually all end user applications grown significantly. This turnaround indicates that growth in the global glass fiber industry in the future would be healthy, which creates valuable opportunities for glass fiber suppliers. Europe, though, continued in a depression mode, with demand for glass fibers in several applications refusing to pep up. Glass fiber reinforcements demand for most end user applications between 2006 and 2011 has exhibited a d...