市場調查報告書
商品編碼
641564

全球玻璃纖維市場:成長,趨勢,及預測(2020年∼2025年)

Glass Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 120 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

全球玻璃纖維市場在預測期間內預計將以超越4%的年複合成長率成長。帶動該市場的主要原因之一,是建設產業的需求的增加。現在,亞太地區的建設部門是世界最大,由於人口增加,中產階級的收入增加,及都市化,而順利擴大。因此,成長的建設產業,尤其是商業建築部門增加玻璃纖維的需求,預計在預測期間內帶動市場。並且,輕量玻璃纖維強化塑膠(GFRP)複合材料的使用增加,預期為今後的市場成長的機會。但,跟碳纖維和岩絨的競爭可能阻礙市場成長。

本報告提供全球玻璃纖維市場的相關調查,市場機會和趨勢,成長及阻礙因素,各樹脂類型、用途、終端用戶產業、地區的市場分析,競爭情形,主要企業的簡介等資訊。

目錄

第1章 簡介

  • 調查成果
  • 調查的前提條件
  • 調查範圍

第2章 調查方法

第3章 摘要整理

第4章 市場動態

  • 成長要素
    • 來自建設產業的高需求
    • 來自汽車產業的玻璃纖維複合材料的需求增加
  • 阻礙因素
    • 低的銷售額報酬率
    • 跟碳纖維和岩絨的競爭
  • 產業價值鏈分析
  • 波特的五力分析
    • 供應商談判力
    • 消費者談判力
    • 新加入廠商的威脅
    • 替代產品及服務的威脅
    • 競爭情形
  • 政策與法規
  • 技術性概述

第5章 市場區隔

  • 各類型樹脂
    • 玻璃絨
    • 粗紗
  • 各用途
    • 複合材料
    • 絕緣
  • 終端用戶產業
    • 建築物、建設
    • 汽車
    • 航太、防衛
    • 替代能源
    • 消費品
    • 工業
    • 其他
  • 各地區
    • 亞太地區
    • 北美
    • 歐洲
    • 南美
    • 中東、非洲

第6章 競爭情形

  • 合併、收購,合資企業,合作,契約
  • 市場佔有率分析
  • 主要企業的採用策略
  • 企業簡介
    • AGY
    • Braj Binani Group
    • Chongqing Polycomp International Corp. (CPIC)
    • Johns Manville
    • Jushi Group Co. Ltd
    • Nippon Electric Glass
    • Owens Corning
    • PFG FIBER GLASS CORPORATION
    • Saint-Gobain Vetrotex
    • Taishan Fiberglass Co. Ltd
    • TAIWAN GLASS IND. CORP.

第7章 市場機會及今後趨勢

  • 輕量玻璃纖維強化塑膠(GFRP)複合材料的使用增加
  • 風力發電部門用玻璃纖維複合材料的需求增加
目錄
Product Code: 55005

The glass fiber market is projected to register a CAGR of over 4.5% during the forecast period (2021-2026).

Due to COVID-19, the building and construction industry has been affected adversely owing to the lockdown regulations, shortage of laborers, production halt, etc. This, in turn, has affected the glass fiber market, as building and construction is a major end-user industry for glass fibers. Moreover, COVID-19 has negatively impacted the aerospace and automotive industry. Thus, this negatively impacted the glass fiber market. According to the OICA, the global production of vehicles in the third quarter of 2019 was over 65 million, and it decreased drastically in 2020, recording around 50 million vehicles in the third quarter of 2020. The market situation is expected to recover as most of the production units had been resumed in the third quarter of 2020.

Key Highlights

  • Over the medium term, the major factor driving the growth of the market studied is a high demand from the construction industry.
  • On the flip side, the low-profit margin on sales and competition from carbon fiber and rockwool has restrained the growth of the glass fiber market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Key Market Trends

Building and Construction Industry to Increase the Demand for Glass Fiber

  • Glass fiber is used as eco-friendly construction material in the form of glass-fiber reinforced concrete (GRC). The GRC impart buildings with a solid appearance without causing weight and environmental distresses.
  • Glass-fiber reinforced concrete weighs 80% less than precast concrete. Moreover, the manufacturing process doesn't compromise on the durability factor.
  • Using glass fiber in the cement mix reinforces the material with corrosion-proof sturdy fibers, which make GRC long-lasting for any construction requirement. Owing to the lightweight nature of GRC, the construction of walls, foundations, panels, and cladding becomes much easier and quicker.
  • Popular applications for glass fiber in the construction industry include paneling, bathrooms and shower stalls, doors, and windows. Development is powered by continuous job gains, low mortgage rates, and slowing inflation in house prices.
  • Glass fiber can also be used in the construction as an alkali resistant, as construction fiber for plaster, crack prevention, industrial flooring, etc.
  • The United States has one of the world's largest construction industries, and it recorded annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.
  • According to the US Census Bureau, the total Residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The total number of privately-owned housing starts in March 2020 was at a seasonally adjusted annual rate of 1,216,000, representing 1.4% growth over the March 2019 rate of 1,199,000.
  • Even though the US construction sector took a plunge in 2020, the industry is expected to recover and grow by late 2021, thereby increasing the demand in the glass fiber market from the construction sector during the forecast period.
  • Thus, from the aforementioned factors, the demand for glass fiber in the construction industry is expected to increase during the forecast period.

Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the market for glass fiber during the forecast period.
  • The Asia-Pacific construction sector is the largest in the world, and it is increasing at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization in the countries China, India, and Japan.
  • Thus, the growing construction industry, especially the commercial building sector, is increasing the demand for glass fiber and is expected to drive the market during the forecast period.
  • China's construction industry is on the rise. Real estate investment, which includes investments in the residential and commercial sector and office spaces, increased rapidly. The robust investment in the property sector was supported by steady housing prices and an increase in property construction.
  • China is investing in infrastructure development projects. According to the Civil Aviation Administration of China (CAAC), the country has started operation in 12 new airports. Additionally, the country has extended the runway at Zhangjiakou Ningyuan Airport and expanded the airport, serving capacity from 600,000 to one million passengers per year.
  • Additionally, the country is working on the expansion of 30 airports in order to improve the connectivity to country's fourth largest international hub Chengdu Tianfu International Airport. According to CAAC, China's 13th five-year plan include the expansion of air transportation services in low-income areas for poverty alleviation in 2020.
  • The country is investing USD 1.43 trillion in the next five year till 2025, in major construction projects which includes ultra high voltage energy projects, big data centers, high-speed railway and intercity tracks and stations, 5G base stations, electric vehicles charging station, and various other projects. According to National Development and Reform Commission (NDRC), the Shanghai plan includes the investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion.
  • In India, the government has made tremendous efforts to improve residential and transport infrastructure. Infrastructure spending has been rising in the past few years. The government increased its expenditure on infrastructure development by 20.9% in 2019. It was INR 4.9 trillion (USD 75.9 billion) in 2018, which increased to INR 6 trillion (USD 89.2 billion) in FY 2019.
  • India is also witnessing significant interest from international investors in the construction space. Foreign direct investment (FDI) in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) stood at USD 25.66 billion from April 2000 to March 2020, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
  • Overall, continuous investments in the infrastructure sector are going to largely boost the consumption of glass fiber in the Asia-Pacific region.

Competitive Landscape

The glass fiber market is consolidated in nature. Some of the major players in the market include China Jushi Co. Ltd, Owens Corning, Saint-Gobain Vetrotex, Johns Manville, and Nippon Electric Glass Co. Ltd, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 High Demand from the Construction Industry
    • 4.1.2 Increasing Demand for Fiberglass Composites from the Automotive Industry
  • 4.2 Restraints
    • 4.2.1 Low Profit Margin on Sales
    • 4.2.2 Competition from Carbon Fiber and Rockwool
    • 4.2.3 Impact of COVID-19
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 Resin Type
    • 5.1.1 Glass Wool
    • 5.1.2 Roving
    • 5.1.3 Yarn
  • 5.2 Application
    • 5.2.1 Composites
    • 5.2.2 Insulation
  • 5.3 End-user Industry
    • 5.3.1 Buildings and Construction
    • 5.3.2 Automotive
    • 5.3.3 Aerospace and Defense
    • 5.3.4 Alternative Energy
    • 5.3.5 Consumer Goods
    • 5.3.6 Industrial
    • 5.3.7 Other End-user Industries
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
      • 5.4.1.1 China
      • 5.4.1.2 India
      • 5.4.1.3 Japan
      • 5.4.1.4 South Korea
      • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
      • 5.4.2.1 United States
      • 5.4.2.2 Canada
      • 5.4.2.3 Mexico
    • 5.4.3 Europe
      • 5.4.3.1 Germany
      • 5.4.3.2 France
      • 5.4.3.3 United Kingdom
      • 5.4.3.4 Italy
      • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
      • 5.4.4.1 Brazil
      • 5.4.4.2 Argentina
      • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
      • 5.4.5.1 Saudi Arabia
      • 5.4.5.2 South Africa
      • 5.4.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AGY
    • 6.4.2 ASAHI FIBER GLASS Co. Ltd
    • 6.4.3 Braj Binani Group
    • 6.4.4 Chongqing Polycomp International Corp. (CPIC)
    • 6.4.5 Johns Manville
    • 6.4.6 China Jushi Co. Ltd
    • 6.4.7 Nippon Electric Glass Co. Ltd
    • 6.4.8 Owens Corning
    • 6.4.9 PFG FIBER GLASS CORPORATION
    • 6.4.10 Saint-Gobain Vetrotex
    • 6.4.11 CTG Group
    • 6.4.12 TAIWAN GLASS IND. CORP.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growth in the Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites
  • 7.2 Increasing Demand for Fiberglass Composite Materials for the Wind Energy Sector