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Global Fiber Glass Market Report - 2013 Edition

Global fiber glass market: China the largest supplier


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2014-02-24 08:10:05 - Global Fiber Glass Market Report - 2013 Edition - a new market research report on companiesandmarkets.com

Fiberglass is the most common reinforcing element used in commercial and industrial composites. Due to its superior attributes like strength, flexibility, durability, stability, light-weight, and resistance to heat, temperature, and moisture, fiberglass is used in a variety of applications. Most of the fiberglass composites are used in construction and transportation sectors. Demand for renewable energy in the form of wind turbines and demand for light-weight fuel efficient aircrafts and cars are major drivers increasing its demand in coming years. At present, China is the largest supplier of fiberglass worldwide.After declining in 2009 due to economic slowdown, fiberglass demand regained in 2010 primarily due to rising levels of residential, commercial and industrial construction and refurbishment activity. Emerging countries like China, Brazil,

 

 

and India are acknowledged as an important driver for market growth spurred by huge infrastructural investments. Glass fiber substitutes such as carbon fiber, aramid pose a serious challenge to growth of fiberglass market. There are 8 major producers of fiberglass throughout the world, including Owens Corning (OC), Jushi Group (parent company-China Fiberglass Co. Ltd), Johns Manville Corporation, CPIC Fiberglass, AGY, NEG, 3B and Taishan Fiberglass. OC remained the global leader in fiberglass production followed by Jushi Group, Taishan, CPIC and NEG in 2011.Report ScopeThe present report offers an analysis of the global fiberglass market. The drivers, opportunities and challenges for the industry have also been analyzed. Further, the report highlights the strategies of the major manufacturers - Owens Corning, China Fiberglass and PPG Industries.By combining SPSS Inc.´s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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