Dry Use Chopped Strand Market is segmented by End-Use Industry Type (Transportation, Construction, Consumer Goods, Electrical & Electronics, and Others), Resin Type (Polypropylene (PP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polyphenylene Sulfide (PPS), Polycarbonate (PC), Polyester, and Others), Use Type (SFT and BMC), Process Type (Injection Molding and Compression Molding), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, Italy, The UK, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Dry Use Chopped Strand Market is segmented by End-Use Industry Type (Transportation, Construction, Consumer Goods, Electrical & Electronics, and Others), Resin Type (Polypropylene (PP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polyphenylene Sulfide (PPS), Polycarbonate (PC), Polyester, and Others), Use Type...
The glass fiber reinforcement is divided into six distinct relevant product markets: direct roving, assembled roving, dry-use chopped strand (DUCS), wet-use chopped strand (WUCS), chopped strand mat (CSM), and continuous filament mat (CFM). DUCS is a basic strand cut into certain lengths (typically 3mm) to reinforce thermoplastic and thermoset resins. DUCS is mainly sold to large compounders who process and sell compounds to injection molders to mold parts for automotive, domestic appliance components, televisions, sporting goods, and casings for power tools.
COVID-19 Impact
The overall glass fiber business was majorly impacted by the pandemic, with supply chain disruptions, delays or non-arrival of raw materials, etc. the market slowed down during the peak COVID years.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
End-Use Industry Type
Transportation, Construction, Consumer Goods, Electrical & Electronics, and Others
Transportation will likely remain the biggest demand generator for DUCS during the forecast period.
Use Type
SFT and BMC
SFT is anticipated to remain at the forefront and faster-growing by 2030.
Polyamide is anticipated to remain the most widely used resin system with DUCS in the future.
Process Type
Injection Molding and Compression Molding
Injection molding is to remain at the forefront over the next six years.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
Asia-Pacific is expected to remain the largest market over the next six years.
By End-Use Industry Type
“Transportation is expected to remain dominant, whereas electrical & electronics is likely to be the fastest-growing end-use industry during the forecast period.”
The market is segmented as transportation, construction, consumer goods, electrical & electronics, and others.
DUCS is used for several automotive applications, such as exterior body panels; interior and exterior parts like bumpers, body panels, and dashboards; interior battery separators; near-to-engine applications, and interior structural and semi-structural applications.
On the other hand, chopped strands are used with polyester resin for making BMC compounds, which are utilized in small GRP parts for the automotive and electrical industries.
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By Process Type
“Injection molding is expected to remain the preferred process type in the market over the years to come.”
Injection molding offers high efficiency, high protectivity, design flexibility, high precision, consistency, and low cost.
Even though injection molding is a conventional process, it poses a few limitations in certain cases; hence, selecting the right molding process for certain applications is extremely necessary.
Regional Analysis
“Asia-Pacific is expected to remain the largest market for DUCS during the forecast period.”
Increasing building demand in emerging nations like India, Indonesia, and Thailand is to drive the market in the coming years.
Moreover, increased emphasis on emission control legislation, as well as growing demand for environmentally friendly products, have resulted in scientific developments in the field of composites.
The replacement of conventional materials, such as steel and aluminum, with fiberglass is attributing high growth in the fiberglass market in the region. Consequently, increased demand for fiberglass from various industries such as construction, automotive, and electronics is likely to fuel the demand for DUCS in the region.
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Key Players
The market is moderately concentrated with the presence of over 50 players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc.
The following are the key players in the dry-use chopped strand (DUCS) market (Based on Dominance):
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Dry Use Chopped Strand (DUCS) Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s dry use chopped strand (DUCS) market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process. This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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Recent Market News
On 1st July 2022, an unknown buyer acquired European dry-use chopped strand (DUCS) manufacturing assets from Owens Corning. This transaction resulted in a divestiture of approximately US$ 100 million in annual sales from Owens Corning.
On 26th January 2021, Johns Manville (JM), a Berkshire Hathaway company and a market-leading manufacturer of continuous filament glass fibers, announced the successful launch of a thermal recycling unit for waste glass fibers in its engineered products plant in Trnava, Slovakia.
On 6th August 2020, China Jushi Co. Ltd launched E9 ultra-high modulus glass fiber to support the development of large-scale lightweight wind turbine blades.
In July 2020, Nitto Denko Corporation and Nippon Electric Glass Co., Ltd. jointly developed ultra-thin glass with polarizing film through a roll-to-roll process.
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DUCS is a basic strand cut into certain lengths (typically 3mm) to reinforce thermoplastic and thermoset resins. DUCS is mainly sold to large compounders who process and sell compounds to injection molders to mold parts for automotive, domestic appliance components, televisions, sporting goods, and casings for power tools.
The DUCS market is estimated to grow at a CAGR of 3.9% by 2030. There has been an increasing demand for lightweight and high-performance materials in industries such as automotive, construction, and wind energy. Dry chopped glass fiber offers several benefits, such as a high strength-to-weight ratio, corrosion resistance, electrical insulation properties, and cost-effectiveness, which makes them suitable for a wide range of applications.
China Jushi CO. Ltd., Owens Corning, Chongqing Polycomp International Corp (CPIC), Taishan FIbreglass Inc., Nippon Electric Glass Co. Ltd., 3B-Fibreglass, Johns Manville, China Beihai Fiberglass Co., Ltd., Taiwan Glass Group, and Saint Gobain S.A. are some of the key players in the market.