According to the recent study the European glass fiber market is projected to reach an estimated $4.0 billion by 2028 from $3.1 billion in 2023, at a CAGR of 4.3% from 2023 to 2028. Growth in this market is primarily driven by rise in demand for products made of glass composites; these include pipes, tanks, wind blades, bathtubs, and automotive parts.
Browse 64 figures / charts and 46 tables in this 158 -page report to understand trends, opportunities and forecast in European glass fiber market by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand lay up, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg layups, and others), country (Germany, France, Italy).
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“Transportation market is expected to remain the largest segment during the forecast period.”
Based on application, the European glass fiber market is segmented into marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others. Lucintel forecasts that the transportation market is expected to remain the largest segment 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.
“Within the European glass fiber market, the E (ECR) glass segment is expected to remain the largest product type”
Based on product type the E (ECR) glass segment is expected to witness the highest growth over the forecast period.
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Major players of European glass fiber market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Owens Corning, Johns Manville, 3B glass fiber, Nippon Electric Glass and Lanxess are among the major European glass fiber providers.
This unique 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]