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