Stratview Research foresees a robust growth opportunity of CAGR 9.2% in the global high performance glass fiber market in the next five years (2016 – 2021), which offers an opportunity to the composites industry players to align themselves with the market growth.
North America is expected to remain the largest market for high performance glass fiber market in the forecast period. Increasing automotive production, aerospace & defense 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. Higher 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.
North America is expected to remain the dominant region in the composite preforms market being the manufacturing hub of the major turbofan engine OEMs. The key high performance glass fiber manufactures are AGY Holdings, Owens Corning, CPIC Fiber glass, Nittobo, and 3B Fiberglass.
New product development, collaboration with customers, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.