According to a new market report published by Lucintel, the future of the European glass fiber market is promising with opportunities in the transportation, construction, electrical and electronics, pipe and tank, wind energy, and consumer goods industries. The European glass fiber market is expected to reach an estimated $2,196.9 million by 2024 at a compound annual growth rate (CAGR) of 2.7% over the forecast period from 2019 to 2024. The major growth driver for this market is rise in demand for products made of glass composites; these include pipes, tanks, wind blades, bathtubs, and automotive parts.

Browse 46 market data tables and 64 figures spread through 158 pages and in-depth TOC on “European Glass Fiber Market"

To download report brochure, please go to https://www.lucintel.com/european-glass-fiber-market.aspx and click "report brochure" tab from the menu.

In this market, E (ECR) glass, S glass, C glass, and D glass are the type of glass fiber utilized to manufacture composite parts for different end use industries. On the basis of its comprehensive research, Lucintel forecasts that E (ECR) glass is expected to be the largest product type of glass fiber by value and volume over the forecast period.

Within the European glass fiber market, transportation is expected to remain the largest and witness the highest growth market by value and volume consumption. Government regulations, such as carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.

By manufacturing process, injection molding is the major process utilized to manufacture glass composite parts because of high-output production rate, low labor cost, and design flexibility.

By product form, multi-end roving is the major product form of glass fiber used to manufacture composite industry parts. Multi-end roving fiber is commonly used in transportation, construction, and marine end use applications.

In terms of supply, the European glass fiber capacity was ~1.9 billion pound in 2017.Lucintel predicts that the glass fiber plant capacity utilization will go down in 2018 as glass fiber suppliers increase production capacity. For example, in 2018, Owens Corning plans to build additional capacity in France, and Sisecam Group is installing a new plant in Turkey.

Emerging trends, which have a direct impact on the dynamics of the industry, include cost optimization and performance enhancement of glass fibers. Owens Corning, Johns Manville, 3B glass fiber, Nippon Electric Glass and Lanxess are among the major manufacturers of the European glass fiber market.

The European glass fiber producers experiencing an increase in their market share after anti-dumping duty imposed on Chinese glass fiber manufacturers in 2014 by European commission. After review in 2017, European commission has converted the provisional anti-dumping measures into definitive duties- ranging from 4.9 % to 30%, depending on the producer. European commission has also found that after

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the European glass fiber market by application, product type, manufacturing process, country, and region, and has come up with a comprehensive research report, “Growth Opportunities in the European Glass Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

The study includes a forecast for the European glass fiber market by product type, application, and region, as follows:

By Application Type (million pounds and $ million shipment analysis from 2013 to 2024):

TransportationConstructionElectrical and ElectronicsPipe & TankWind EnergyConsumer GoodsMarineAerospaceOthers
By Manufacturing Process (million pounds and $ million shipment analysis in 2017):

Hand lay upSpray upResin infusionPultrusionInjection moldingCompression moldingPrepreg lay upOthers
By Product Form (million pounds and $ million shipment analysis from 2013 to 2024):

Single end rovingMulti end rovingWoven rovingFabricsCSMCFMDUCSCSOthers
By Region (Value ($M) and Volume (M lbs) shipment analysis for 2013 to 2024):
North AmericaEuropeAsia PacificThe Rest of the World
This 158-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/european-glass-fiber-market.aspx or [email protected].

About Lucintel

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