Scientific research has influenced every aspect of human existence and development of new technologies and products have helped man in his survival, comfort and undying quest for exploration of new products. Following advancements in metallurgy and natural fibers, the development of fiberglass composite products also played a revolutionary role in numerous fields of business activities like aerospace, automobiles, construction, machines, sports, and consumer goods, among others. Use of fiberglass composite products helped in the development of more advanced and efficient systems and products in various industries. Further, their demand has increased continuously in the past one decade with the exception of 2009, when the same reported a decline in the wake of worldwide economic slowdown. The market demand for fiberglass products is projected to further expand in the years to come growing at a CAGR of approximately 4.7% for the period spanning 2012 to 2014.

Both the production and demand of fiberglass composite products is majorly accounted by China, European Union, and the US. The major end user markets of fiberglass composite products include the construction, automotive, consumer goods, infrastructure, and transportation sectors, among others.

Limited resources and scope of the conventional energy sources like fossil fuels, hydropower, etc. have led to increasing demand for alternative sources like wind energy. Additionally, the rising energy demand in every sector has necessitated the development of new products, processes, and technologies. Fiberglass products have come to form an integral part of most of the new technological development for superior designs and efficiency. Global economic growth has also fuelled new and ever increasing activities and more and more products, both commercial and consumer in which fiberglass composite products are increasingly being used. The end user markets of fiberglass composite products are highly sensitive to fast changing conditions brought by scientific advancements and globalization. This poses a challenge for the fiberglass composite manufactures to constantly innovate and develop new products which in turn requires heavy investments in regular research and development activities.

The worldwide market of fiberglass composites is intensely competitive with players competing mainly on the basis of quality, technology, scale of operations, innovation, and price, among other factors. The market is quite concentrated with only a few large companies accounting a major share of the world production. Following the early concentration of global manufacturing capacity in the western world, the Chinese players have been dominating the worldwide manufacturing of fiber glass composite products.

The report analyzes the global fiberglass composites market. The drivers, opportunities and challenges for the industry have also been analyzed. Further, the report highlights the strategies of the major manufacturers – Owens Corning, China Fiberglass and PPG Industries.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Table Of Contents

Global Fiberglass Composite Market Report: 2012 Edition
1. Overview

1.1 Glass-An Overview
1.2 Fiberglass
1.3 Industrial Applications of Fiberglass
1.4 Glass Fiber Manufacturing
1.5 Composites

2. Global Composites Market

Market Value
Regional Breakdown

3. Global Composite Materials Market

3.1 Global Market Structure

Market Value
Regional Breakdown
Key Segments

3.2 North America
3.3 Brazil

4. Global Fiberglass Composite Market

Market Volume
Production by Region
Demand by Region
Demand Growth
End Markets

5. European Glass Fiber Reinforced Plastics (GRP) Market

Production Volume
Regional Breakdown
End Markets

5.1 The UK Glass Fiber Composite Market
5.2 The UK Glass Fiber Composite Market by Sectors

6. Market Dynamics

6.1 Key Trends

6.1.1 Growing Share of Chinese Manufactures
6.1.2 New Capacity Expansion Majorly Outside China

6.2 Growth Drivers

6.2.1 Rise in Global GDP
6.2.2 Growing Global Energy Demand
6.2.3 Growing Demand of Wind Energy

6.3 Challenges

6.3.1 Sensitivity of End User Markets to Related Conditions
6.3.2 Huge Investments in RandD

6.4 Market Opportunities

6.4.1 Transportation Sector
6.4.2 Infrastructure Sector
6.4.3 Energy Market

7. Competitive Scenario

Competitive Overview
Market Share

8. Company Profiles

8.1 Owens Corning Inc

Business Description
Key Financials
Business Strategies
Customized Solutions
Focus on RandD

8.2 PPG Industries, Inc.

Business Description
Key Financials
Business Strategies
Expanding Portfolio
Cost Reduction Initiatives

8.3 China Fiberglass Co., Ltd.

Business Description
Key Financials
Business Strategies
Technological Innovation
Growth through Sustainable Development

9. Market Outlook

9.1 Market Forecast

9.2 Forecast Methodology

9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis


List of Charts

Glass Industry-Segments
Fiberglass-Segments
Glass Fiber-Manufacturing Process
Composite Material System
Global Composites Market, 2010-2011
Regional Breakdown of the Global Composite Market - by Volume, 2010
Global Composite Materials Market, 2009-2011E
Composites Shipment by Regions, 2005-2010
Global Composite Materials Shipment by Market Segment, 2010
North American Composites Market by Applications, 2009
Brazilian Composites End Markets, 2010
Global Glass Fiber Composites Production by Regions, 2010
Global Fiberglass Composites Shipments, 2009-2010
Global Fiberglass Composites Market Demand, 2000-2012E
Global Fiberglass Composite Demand by Regions, 2010
Global Fiberglass Composite Demand by End Markets, 2010
Production Volume of GRP in Europe, 2008-2011
GRP Production in Europe for Different Application Industries, 2011
UK Production Value of Composite Components by Material and Sector, 2010
UK Production Volume of Composite Components by Material, 2010
UK Demand for Composites by Material, 2005-2020E
Volume Demand for Composite Materials in UK Aerospace Sector, 2005-2020E
Volume Demand for Composite Materials in UK Wind Energy Sector, 2010-2020E
Annual New Turbine Installations, 2009-2020E
Volume Demand for Composite Materials in UK Automotive Sector, 2010-2020E
Revenue Demand for Composite Materials in Other Sectors in UK, 2010-2020E
Global Fiberglass Composite Market Demand vs. Global GDP, 1987-2012E
World Energy Consumption, 1990-2035
Global Annual Installed Wind Capacity, 2005-2014E
Global Cumulative Installed Wind Capacity, 2005-2014E
Owens Corning's Revenues by Business Segments, 2011
Owen Corning's Revenues and Net Income, 2007-2011
PPG Industries' Revenues by Business Segments, 2011
PPG Industries' Revenues and Net Income, 2007-2011
China Fiberglass Co., Ltd. Revenues and Net Income, 2008-2011
Global Fiberglass Composite Market Demand Forecast, 2010-2014F

List of Tables

Composites Penetration in Various Market Segments, 2010
North American Composite Markets Trends
GRP Production in Europe: Breakdown by Country/Group of Countries, 2008-2011
Global Composite Fiberglass Capacity by Companies, 2010
Global Composite Fiberglass Capacity by Companies: Regional Breakdown, 2010
New Capacity Expansion by Major Players, 2013F
Transportation Composite Materials Applications
Composite Material Application in Infrastructure and Building/Construction Sector
Capacity Share of Companies in Global Fiberglass Composite Market, 2011
Dependent and Independent Variables, 2005-2011
Correlation Matrix
Model Summary - Coefficient of Determination
Regression Coefficients Output

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