February 26, 2018 06:04 ET | Source: Research and Markets Research and Markets

Dublin, Feb. 26, 2018 (GLOBE NEWSWIRE) -- The "Glass Fiber Reinforcements - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

Driven by growth in the key application areas such as automotive, pipes & tanks, construction and wind energy, the global glass fiber reinforcements market is projected to reach US$12 billion, reflecting CAGR of 5.1% during 2017-2024 analysis period.

The market is anticipated to record lower growth in value demand compared to volume consumption during the above period due to decline in average prices of glass fiber reinforcements worldwide because of overcapacity, mainly in China.

Wind energy remains one of the most important and dynamic end markets served by the glass fiber composites industry. The wind energy sector is one of the most promising alternative energy sources in the world and expected to record double digit growths in the future. Regulations and standards around the globe such as CAFE in the US and carbon emission targets in Europe, are driving increased usage of glass fiber reinforcements in automobiles to reduce weight and CO2 emissions.

Further, renewed growth in worldwide construction activities and demand for corrosion resistance applications such as pipes and tanks from oil & gas and water supply sectors, are key drivers for growth in glass fiber reinforcements.

1. Introduction 1.1 Product Outline 1.1.1 Manufacturing Process of Glass Fiber 1.1.2 Glass Fiber Product Segmentation 1.1.2.1 Glass Fiber Reinforcements 1.1.2.1.1 Glass Fiber Chemical Compositions and Properties 1.1.2.1.2 Types or forms of Glass Fiber Reinforcements 1.1.2.1.2.1 Roving 1.1.2.1.2.2 Chopped Strands 1.1.2.1.2.3 Chopped Strand Mat (CSM) 1.1.2.1.2.4 Continuous Filament Mat (CFM) 1.1.2.1.2.5 Fabrics 1.1.2.1.2.6 Other Forms of Glass Fiber 1.1.2.1.3 A Snapshot of Global Market for Glass Fiber Product Forms in 2017 1.1.3 Competitive Materials 1.2 End-use Application Areas for Glass Fiber Reinforcements 1.2.1 Automotive & Transportation 1.2.2 Marine 1.2.3 Wind Energy 1.2.4 Pipes, Tanks &Other Corrosion Resistant Equipment 1.2.5 Building and Construction 1.2.6 Electricals and Electronics 1.2.7 Consumer Goods 1.2.8 Aerospace & Defense 1.2.9 Other Application Areas 2. Key Market Trends 2.1 Demand for Glass Fiber Reinforcements Being Propelled by Wind Energy 2.2 Factors Fueling Automotive & Transportation Industry's Wider Adoption of Glass Fibers 2.3 Glass Fiber Composites Demand Increasing in Construction Industry 2.4 Long Glass Fiber Reinforced Thermoplastics (LFT) Looks Promising in Automotive & Transportation Industry 3. Industry Landscape 3.1 Glass Fiber Production Capacities 3.2 Key Global Players

4. Key Business & Product Trends

5. Global Market Overview 5.1 Global Glass Fiber Reinforcements Market Overview by Product Form 5.2 Global Glass Fiber Reinforcements Market Overview by End-Use Application 5.2.1 Global Glass Fiber Reinforcements End-use Application Market Overview by Geographic Region 5.2.1.1 Automotive & Transportation 5.2.1.2 Marine 5.2.1.3 Wind Energy 5.2.1.4 Pipes, Tanks & Other Corrosion Resistant Equipment 5.2.1.5 Building & Construction 5.2.1.6 Electricals & Electronics 5.2.1.7 Consumer Goods 5.2.1.8 Aerospace & Defense 5.2.1.9 Other Applications

For more information about this report visit https://www.researchandmarkets.com/research/2q7pw7/global_glass?w=12