As
the increasing demand of composite material, the market grows bigger
than ever before for Fiber Material, such as Carbon Fiber and Glass
Fiber. Glass fiber is one of the most common reinforcing elements used
in commercial and industrial composites. Glass fiber properties such as
high strength, flexibility, durability, stability, light-weight, and
resistance to heat, temperature, and moisture make glass fiber an
essential raw material for GLASS FIBER REINFORCED PLASTICS Composites
that are used in variety of applications. Glass fiber accounts for about
90% of the reinforcements used in composite consumption, globally. Most
of the GLASS FIBER REINFORCED PLASTICS Composites are used in
transportation and infrastructure & construction sectors. The demand
for renewable energy, in the form of wind turbines, demand for
light-weight fuel efficient aircrafts & cars, and the demand for
GLASS FIBER REINFORCED PLASTICS pipe, tank and other corrosion resistant
equipment are major drivers increasing its demand in the glass fiber
reinforced plastic composites market during the coming years.
The
global GLASS FIBER REINFORCED PLASTICS Composites market is dominated
by Asia-Pacific and North America, accounting for 67% of the overall
market in 2013. Country wise, China is the leading consumer of GLASS
FIBER REINFORCED PLASTICS Composites products globally, and is also the
largest supplier estimated to grow at a CAGR more than the global
average, till 2019. China and India have enormous potential and are the
fastest growing markets for GLASS FIBER REINFORCED PLASTICS Composites
in the Asia-Pacific as well as globally. The U.S. and European countries
are leading in research and development of high performance glass fiber
products. Member countries of EU; Germany, France, Italy, U.K., and
Spain are the key markets in the European GLASS FIBER REINFORCED
PLASTICS composites market and constitute majority of the market size.
The
transportation and aerospace & defense segments occupy the topmost
positions in the glass fiber reinforced plastic composites market with
49% share by value in 2013; maximum growth is expected from wind energy
and aerospace & defense segments in the near future. The light
weight, strength, and corrosion resistant properties of glass fiber
drive its growth in transportation, construction & infrastructure,
electrical & electronics, consumer goods, marine, aerospace &
defense, and wind energy segments. The factors responsible for the
growing demand of glass fiber industry are the recovery in the global
economy and improving prospects in various end-use markets. Since glass
fiber composites are reliable, versatile, light weight, and
cost-effective, the demand of GLASS FIBER REINFORCED PLASTICS Composites
is higher. The enormous potential in the Asian countries, particularly
China and India, is likely to foster further growth of the glass fiber
market
About Sichuan Sincere & Long-term Complex Material Co., Ltd.
Sichuan
Sincere & Long-term Complex Material Co., Ltd. is the only one
factory and subsidiary specialized in E-glass chopped strand mat and
E-glass Woven Roving manufacturing in Sichuan Weibo New Material Group
Co., Ltd. The fiberglass products are more price competitive and quality
assured compared with many supplier in China. The website: www.zccyfiberglass.com. Inquiry please contact: fred@chinaweibo.com.cn.
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