Glass fiber materials are rapidly becoming a mainstream technology for many industries from marine to wind energy. The demand for glass fiber applications is expected to increase in the coming years, so it is important to gain insights in major market drivers, supply and demand, price movements, market opportunities, competitive forces, and more. Construction and transportation markets are important markets for the glass fiber industry and are being negatively affected in North America in 2009. There is significant interest in glass fiber with thermoplastic resin and it has also raised expectation for the SFT and LFT market, besides these there is huge growth potential for glass fiber in Asia especially in China. Asia is emerging as the top region in glass fiber demand and applications so all the major global glass fiber players are more focusing on Asia.
According to this report 'Global Glass Fiber Market 2010-2015: Trends, Forecasts and Opportunity Analysis' over the next 5 years, total composites consumption in Glass fiber Market is expected to continue a strong growth momentum with a CAGR of 6.3% and the composites material market is expected to reach US $ 8.4 billion by 2015. Learn what factors is impacting the glass fiber market. This market report provides trends and forecast for the worldwide glass fiber industry in various market segments such as automotive, marine, construction, wind energy, electrical/electronics, sporting goods and other markets.