Fiberglass (Glass Fiber) Market is Expected to Expand at a CAGR of 4.3 % by 2028 - Seite 2

However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist. Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period

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Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.

Global Fiberglass (Glass Fiber) Market Forecast 

On the basis of glass type segment, the E-class glass type segment is anticipated to be a leading revenue contributor in the fiberglass (glass fiber) market. The segment is estimated to lead the overall fiberglass (glass fiber) market, accounting for an estimated share of almost 86% in terms of volume in 2017. Further, this segment is expected to register a CAGR of 4.1% over the forecast period.

View Report Preview at Fiberglass Market Segmentation by product type - Rovings, Mats, Strands, Fabrics; by glass type - S-Class, E-Class, C-Class, ECR-Class; by application - Aerospace & Defense, Wind Energy, Construction, Marine, Sports & Leisure, Pipes & Tanks, Automotive: https://www.futuremarketinsights.com/reports/fiberglass-market

On the basis of regions, China is anticipated to dominate the global fiberglass (glass fiber) market throughout the forecast period in terms of growth. The China fiberglass (glass fiber) market is expected to expand at a CAGR of 5.0 % during the forecast period. Also, the North America fiberglass (glass fiber) market is anticipated to register a CAGR of 4.4% during forecast period. These regions are expected to register the fastest growth in the global fiberglass (glass fiber) market during the forecast period.