World Fiberglass Composite Industry Overview Report

• Publication date: April 2012

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, ...

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 markets . 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 industry demand for fiberglass products is projected to further grow 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 industry s of fiberglass composite products include the construction, automotive, consumer goods, infrastructure, and transportation segments, 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 segment 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 industry s 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 industry 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 industry is quite concentrated with only a few large industry players 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 industry . The drivers, opportunities and challenges for the market have also been analyzed. Further, the report highlights the strategies of the major manufacturers – Owens Corning, China Fiberglass and PPG Market .

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the market . We employed various significant variables that have an impact on this market and created regression models with SPSS Base to determine the future direction of the market . 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.

Global Glass Manufacturing Industry

I. Overview

I. 1 Glass-An Overview
I. 2 Fiberglass
I. 3 Industrial Applications of Fiberglass
I. 4 Glass Fiber Manufacturing
I. 5 Composites

II. Global Composites Industry

Market Value
Regional Breakdown

III. Global Composite Materials Industry

III. 1 Global Industry Structure

Market Value
Regional Breakdown
Key Segments

III. 2 North America
III. 3 Brazil

IV. Global Fiberglass Composite Industry

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

V. European Glass Fiber Reinforced Plastics (GRP) Industry

Production Volume
Regional Breakdown
End Industries

V. 1 The UK Glass Fiber Composite Industry
V. 2 The UK Glass Fiber Composite Industry by Segments

VI. Industry Dynamics

VI. 1 Key Trends

VI. I. 1 Growing Share of Chinese Manufactures
VI. I. 2 New Capacity Expansion Majorly Outside China

VI. 2 Market Drivers

VI. II. 1 Rise in Global Gross Domestic Product
VI. II. 2 Growing Global Energy Demand
VI. II. 3 Growing Demand of Wind Energy

VI. 3 Challenges

VI. III. 1 Sensitivity of End User Industries to Related Conditions
VI. III. 2 Huge Investments in Research and Development

VI. 4 Industry Opportunities

VI. IV. 1 Transportation Segment
VI. IV. 2 Infrastructure Segment
VI. IV. 3 Energy Industry

VII. Competitive Scenario

Competitive Overview
Market Share

VIII. Industry Player s

VIII. 1 Owens Corning Inc

Business Description
Key Financials
Business Strategies
Customized Solutions
Focus on Research and Development

VIII. 2 PPG Market, Inc.

Business Description
Key Financials
Business Strategies
Expanding Portfolio
Cost Reduction Initiatives

VIII. 3 China Fiberglass Co., Ltd.

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

9. Industry Outlook

9.1 Industry Projection

9.2 Projection Methodology

9.II. 1 Dependent and Independent Variables
9.II. 2 Correlation Analysis
9.II. 3 Regression Analysis



List of Charts

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

List of Tables

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