Market Insights
The global high-performance glass fiber market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 390.6 million in 2023. High specific strength and modulus than E-glass fiber and lower cost than other advanced fibers, such as carbon fiber make it a preferred material for high-performance applications. Increasing automotive production and aircraft deliveries, and increasing high-performance fiber penetration in performance-driven applications, such as helicopter blade and ballistic armor, are the key growth drivers of the high-performance glass fiber market.
High-performance fibers were developed for military applications during 1960’s and are known by various names, such as S-glass in the USA, R-glass in Europe, and T-glass in Japan. It has a tensile strength of approximately 700 KSI and tensile modulus of up to 14 MSI. High-performance glass fiber is 40% to 70% stronger than E-glass fiber due to higher silica oxide, aluminum oxide, and magnesium oxide content than E-glass fiber. The usage of high-performance glass fibers is in very niche applications in aerospace & defense, automotive, sporting goods, wind energy, and other industries.
Segments' Analysis
High-Performance Glass Fiber Market Share by End-Use Industry Type
The high-performance glass fiber market is segmented based on the end-use industry type as Aerospace & Defense, Sporting Goods, Automotive, Wind Energy, Electrical & Electronics, and Others. Aerospace & Defense is projected to remain the largest segment during the forecast period, propelled by increasing production rates of key composites rich aircraft, such as B787 and A350XWB; upcoming commercial and regional aircraft; and increasing production of military vehicles. The automotive segment is likely to exhibit the highest growth over the next five years. The prime growth driver of the market is the increasing penetration of advanced composites in the structural section of vehicles with the purpose to make the vehicle lightweight to achieve the stringent government regulations, such as CAFÉ standards.
Regional Insights
Based on the regions, North America is projected to remain the largest market for high-performance glass fiber over the next five years. The region is the manufacturing hub of the aerospace & defense industry with the presence of several small- to large-sized OEMs, tier players, and high-performance glass fiber manufacturers. High-performance glass fiber market in Asia-Pacific is relatively smaller but is likely to witness the highest growth during the forecast period. Upcoming commercial & regional aircraft, increasing defense spending, the highest automotive production, the highest wind turbine installations, and the highest PCB production are the major growth drivers of the Asia-Pacific’s market.
Market Scope & Segmentation
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Research Scope
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Trend & Forecast Period
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2012-2023
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Regions Covered
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North America, Europe, Asia-Pacific, Rest of the World
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Size in 2023
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US$ 390.6 million
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Countries/Subregions Covered
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The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and others
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Figures & Tables
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>150
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Customization
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Up to 10% customization available free of cost
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The high-performance glass fiber market is segmented into the following categories.
High-Performance Glass Fiber Market Size, Share & Forecast, by End-Use Industry:
- Aerospace and Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sporting Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
High-Performance Glass Fiber Market Size, Share & Forecast, by Usage:
- Polymer Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Non-Polymer Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
High-Performance Glass Fiber Market Size, Share & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Latin America, the Middle East, and Others)
Key Players
The global high-performance glass fiber market is highly consolidated with the presence of less than a dozen players.
The key high-performance glass fiber manufacturers are-
- AGY Holdings
- Owens Corning Corporation
- CPIC Fiberglass
- Nittobo
- 3B Fibreglass.
New product development, collaboration with customers, and long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.
Research Methodology
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Report Features
This report, from Stratview Research, studies the high-performance glass fiber market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Report 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 3 players)
- SWOT analysis of key players (up to 3 players)
Regional Segmentation
- Current market segmentation of any one of the countries by application type
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
