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Global high performance fiberglass market: trends, predictive analysis
Writer:admin    Released:2019-07-17 16:44:25    Type:【L】【M】【S

In the future, the global high-performance fiberglass market has good prospects for growth, with growth opportunities in aerospace and defense, pressure vessels, electrical and electronics, sporting goods, civil engineering, automotive, wind and marine industries. The global high performance fiberglass market is expected to grow at a compound annual growth rate of 4.7% from 2019 to 2024. The main drivers of this market are the increase in vehicle production and aircraft deliveries.

Lucintel predicts that S glass fiber will still occupy the largest value and quantity, and because of the tensile strength, tensile modulus, chemical resistance and heat resistance of S glass fiber compared with E/ECR glass fiber, It is expected to achieve the highest growth during the forecast period.

In the global high-performance fiberglass market, aerospace and defense will remain the most valuable and largest market, and growth is expected to be the fastest during the forecast period due to increased aircraft deliveries and increased demand for lightweight materials.

North America will continue to be the region with the highest value and volume due to increased aircraft deliveries, wind turbine blade lengths and increased vehicle production. Due to the growth of the terminal application industry, the Asia Pacific region is expected to achieve the highest growth during the forecast period.

An emerging trend that directly affects the dynamics of the high performance fiberglass industry includes the penetration of low dielectric glass fibers into high performance PCBs.

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