Glass fibers are one of the most versatile industrial materials known due to their unique properties such as hardness, stability, strength, and flexibility. E-glass fiber is a type of glass fiber that falls under the category of premium, special purpose glass fibers that have some special features.
According to the research report, ‘E-glass fiber Market: Segmented by Fiber Type (E/ECR-Glass Fiber, S-Glass Fiber, C-Glass Fiber and Others); By Product Type (Single-End Roving, Multi-End Roving, Woven Roving, and Others); By Application (Automotive & Transport, Construction, Wind Energy, Pipes & tanks) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030’, states that Changzhou Tianma Group, Vetrotex (Saint-Gobain), Nippon Electric Glass, Lanxess, Jiangsu Jiuding New Material, CPIC, Ahlstrom, Taishan Fiberglass (Sinoma), Johns Manville, Owens Corning Corporation, Jushi Group, and PPG Industries are some of the leading players driving the industry. The report presents an inclusive study of important sections like corporation trends, industry news and policies, cost structure analysis, sales, and marketing model, and much more. The report further includes company profiling of each player aforementioned based on parameters like a company overview, Production Capacity, Revenue, Key business offerings, financial performance, Risk analysis, Recent developments, regional presence, and SWOT analysis. The report further tells how far along the player stands in the competition.
As mentioned earlier, the E-glass fiber Sector is classified into different segments. Within the category of type, the E/ECR-Glass segment dominates the global market and is estimated to witness a similar trend during the forecast period. Higher mechanical strength, better waterproofing ratio, and electrical acidic and alkali corrosion resistance are some of the distinctive features resulting in increased demand for E-glass fiber in several industries. Under the market segmented by application, the Transportation sector generates the maximum revenue.
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The E-glass fiber industry is regionally divided into five major sections: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The statistics presented in the report identify the Asia pacific region as the largest market for E-glass fiber. The key driving factors include increasing demand for glass fibers in several industries such as aerospace, marine, and wind, and the availability of cheap factors of production, particularly in developing countries like China, Japan, India, and South Korea. Each region is further segmented into sub-regions and is studied thereafter.
Furthermore, the report also provides market trends for the E-glass fiber industry both in the present and future (2020-2030). The research report gives an insightful analysis of various dimensions such as the dynamics of the market both globally and region-wise, analysis of historical and future data, technology development, strategies adopted by the above-named companies, and study of the market size both in terms of value and volume based on demand and supply, market growth drivers, restraints, regional and industry wise investment opportunities and much more.
In the forthcoming years, the global E-glass fiber industry will continue to increase and is anticipated to grow at a significant value in terms of revenue in USD million by the end of the year 2030 at a double-digit CAGR during the evaluation period (2020-2030). The existence of a large market base in developing countries and increased infrastructural developments in developed regions are some of the crucial factors fueling the demand globally.
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