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The glass fiber market is expected to grow at a CAGR of 5.4% over 2015-2020. The major drivers of the glass fiber market are the growth of end use applications in various industries such as transportation, pipe & tank, wind energy, construction, marine, aerospace & defense, and electrical & electronics, and increased demand for reinforced composites from the above industries.Glass fiber is lightweight, corrosion-resistant, and has high strength, which help this material to be the choice of OEMs in comparison to traditional materials. Asia Pacific is expected to be the leading region because of the growth in end use application markets in emerging markets, such as India and China.Lucintel, a leading global management consulting and market research firm, has analyzed the global glass fiber market by application, product type, and region and offers its findings in its comprehensive research report, ?Global Glass Fiber Market 2015-2020: Trends, Forecast, and Opportunity Analysis.? This report provides an analysis of the global glass fiber market, including the market trends, growth opportunities, key drivers, emerging trends, and company profiles of leading suppliers in the market. The study also includes forecast of the global glass fiber market through 2020, segmented by application, product type, and region as follows:The global glass fiber market by application-
-Pipe and Tank
-Electrical and Electronics
-Others The global glass fiber market by product type-
-OthersThe global glass fiber market by region-
-Rest of WorldOn the basis of its comprehensive research, Lucintel forecasts that majority of the applications for glass fiber will have good growth during 2015-2020. Construction, along with the pipe and tank segment, is expected to remain the largest market for glass fiber by 2020. Owens Corning, China Jushi Co. Ltd., CPIC, PPG, and Johns Manville are among the major suppliers of glass fiber.
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