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Europe Glass Fiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type, Product Type, Application, and Manufacturing Process

Europe Glass Fiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type, Product Type, Application, and Manufacturing Process

  • July 2021
  • 126 pages
  • ID: 6134634
  • Format: PDF
  • The Insight Partners

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The Europe glass fiber market is expected to grow from US$ 1,812.40 million in 2020 to US$ 2,340.84 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027. The rising demand of glass fibers from construction industry is expected to escalate the market growth. Glass fibers are used for insulation, surface coating, cladding, and roofing raw material in the construction sector. They are inexpensive and possess mechanical properties such as stiffness, flexibility, transparency, resistance to chemical outbreak and inertness approximately equal to other fibers, including polymers and carbon fibers. Glass fibers are used in glass fiber reinforced concrete, which is utilized in the construction of walls, fireplace surrounds, foundations, cladding, vanity tops, and concrete countertops. It is mainly used in exterior building facade wall panels and as architectural precast concrete. Glass fibers act as the main carrier providing high tensile strength and making the concrete flexible and resistant to cracking. Alkali-resistant glass fibers (ARGF) are widely used in construction materials. ARGFs significantly improve the tensile strength, flexural toughness, modulus of rupture, and wearing resistance of concrete. Such concrete is used for crack prevention, thus, finds wide applications in the construction sector. Rapid development of the construction industry is expected to increase the demand for glass fibers. New construction of residential buildings in developed countries such as the UK across Europe is supporting the demand for glass fibers. All these factors are anticipated to create consistent demand for glass fibers in the construction industry for Europe region.
In case of COVID-19, Europe is highly Affected Specially Russia which has recorded the highest number of COVID cases.Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries.

Other member states have implemented drastic measures and travel restrictions, including partially closing their borders.This is anticipated to impact market growth in Europe.

The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The European chemical and materials industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns etc. because of this outbreak.
The others segment led the Europe glass fiber market based on product type in 2019.The others segment include Fabrics, CSM, CFM, DUCS, CS, OptiSpray Roving, Cem-FILRoving.

Direct Roving, and others.OptiSpray Roving represents a compelling solution for fabricators which want to save time and resin while enhancing product performance.

Cem-FIL Roving is an Alkali Resistant glass fiber assembled roving produced for use in manufacturing glass fiber reinforced concrete composites by the simultaneous spray method.Cem-FILRoving offers advantages such as alkali resistant glass, good unwinding, easy chopping, high split efficiency, perfect for use with complex profiles, great mechanical performance, etc.

Given advantages of other product type such as Cem-FILRoving are expected to increase its demand, thereby driving the Europe glass fiber market.
The overall Europe glass fiber market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe glass fiber market.

The process also serves the purpose of obtaining overview and forecast for Europe glass fiber market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe glass fiber market. China Jushi Co., Ltd.; Chongqing Polycomp International Corp. (CPIC); Johns Manville; Nippon Electric Glass Co.,Ltd.; Owens Corning; SAINT GOBAIN S.A.; and Taishan Fiberglass Inc. (CTG) are among a few players operating in the Europe glass fiber market.

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