Despite COVID-19 Pandemic Situation Glass Fiber Reinforcements Demand in Wind Energy was Robust in 2020 - Industry Experts, Inc.

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Industry Experts, Inc. released an updated 2021 version of an in-depth global market research report "Glass Fiber Reinforcements – A Global Market Overview". The study covers the comprehensive analysis on the impact of COVID-19 pandemic across the globe and projections through 2026.

Attributed to the slowdown in global economy and industrial activities worldwide amid the impact of novel coronavirus pandemic, global market for Glass Fiber Reinforcements has witnessed a significant decline in terms of both volume and value. Recovering from the pandemic impact, global market is projected to reach 8.2 million metric tons by 2026, reflecting a CAGR of 5.9% during 2020-2026 analysis period, driven mainly by growth in the key application areas such as aerospace, automotive & transportation, pipes & tanks and wind energy.

While almost all application sectors of Glass Fiber Reinforcements were impacted negatively by the COVID-19 pandemic, Wind Energy sector has generally not had any negative impact but rather demand was accelerated at a healthy rate in 2020. According to statistics published by the World Wind Energy Association, the industry added a record 93 gigawatts of wind power capacity worldwide within the year 2020. The overall market for Glass Fiber Reinforcements, globally, is estimated to be 6.2 million, valued at $9.7 billion in 2021.

Glass Fiber Reinforcements application areas market analyzed in this report include Automotive & Transportation, Marine, Wind Energy, Pipes & Tanks, Building & Construction, Electricals & Electronics, Consumer Goods, Aerospace & Defense and Other. The study also explores the market for product forms of Glass Fiber Reinforcements consisting Single-end Rovings, Multi-end Rovings, Woven Rovings, Chopped Strands, Chopped Strand Mat (CSM), Continuous Filament Mat (CFM), Fabrics and Others.

The study reviews, analyzes and projects the Glass Fiber Reinforcements market for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World for the period 2017-2026 in terms of volume (metric tons) as well as value (US$ million). The regional markets further analyzed for 14 independent countries across North America – the United States and Canada; Europe – Germany, France, Italy, the United Kingdom and Spain; Asia-Pacific – China, Japan, India and South Korea; Rest of World – Russia, Turkey and Brazil.

This 292 page study includes 227 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global glass fibers market by geographic region, product segment and end-use application. This report profiles 12 key global players and 72 major players across the North America – 13; Europe – 16; Asia-Pacific – 36; and Rest of World – 7. The report also provides the listing of the companies engaged in the manufacturing and supply of glass fiber reinforcements and their downstream products such as fabrics, prepregs etc. The global list of companies covers addresses, contact numbers and the website addresses of 149 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.

For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/glass-fiber-reinforcements-a-global-market-overview

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