The future of the glass fiber market is promising with opportunities in the transportation, construction, pipe and tank, electrical and electronics, consumer goods, and wind energy industry. Market will witness recovery in the year 2021 and it is expected to reach an estimated $10.3 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, include cost optimization and performance enhancement of glass fibers.
Post time: Apr-07-2021