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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 genera...

Glass Fiber Reinforcements Market to Grow at a CAGR of 5.4% from 2017 to 2024, Driven by Firm Demand from Wind Energy, Pipes & Tanks, Automotive and Construction Sectors

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Industry Experts, Inc. released an updated 2018 version of its global market report on Glass Fibers. The new report entitled " Glass Fiber Reinforcements – A Global Market Overview ", reveals Asia-Pacific is the world’s largest market for Glass Fiber Reinforcements in terms of both volume consumption and market value estimated at 2.7 million metric tons valued at US$3.6 billion in 2017. Glass fiber is the most widely used reinforcement fiber in thermosets and thermoplastics across a wide variety of applications. This material is the predominant fiber in composite materials used in corrosion-resistant pipes and tanks, bridge decks, boats and wind turbine blades. It is also the dominant reinforcement for automotive composites. In aerospace, too, most of the panels that form the interior cabins of commercial aircraft are based on glass fiber. Glass fiber reinforcements market is forecast to record a CAGR of 5.4% from 2017 to 2022, attributed to growth in the key end-use appl...