Asia Pacific Glass Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Fiber Type (E/ECR-Glass Fiber, S-Glass Fiber, C-Glass Fiber, and Others), Product Type (Single-End Roving, Multi-End Roving, Woven Roving, and Others), Application (Marine, Transportation, Aerospace, Construction, Electrical and Electronics, Consumer Goods, and Others), and Manufacturing Process (Hand Lay Up, Spray Up, Prepreg Lay Up, Injection Molding, Compression Molding, Resin Infusion, and Others)

Publication Month: Jul 2021 | Report Code: TIPRE00023563 | No. of Pages: 141 | Category: Chemicals and Materials | Status: Published

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The APAC glass fiber market is expected to grow from US$ 7,183.72 million in 2020 to US$ 9,819.62 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.

Australia, China, India, Japan, and South Korea are major economies in APAC region. Burgeoning development of advanced glass fibers for the wind energy is expected to drive the market growth. The demand for renewable energy sources is increasing due to decline in global fossil fuel capacity. Wind energy is one of the most important renewable energy sources. Increase in use of renewable energy sources has led to a surge in demand for wind farms, with large tracts of land and coastal areas devoted to the installation and operation of wind turbines. The companies operating in the market have discovered that the longer the blades are on a turbine, the more energy can be generated, and thus, the wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as E-Glass and S+R Glass are a growing part of the construction of wind turbines, specifically the blades. Low density, excellent corrosion resistance, good mechanical properties, tailorability of material properties, and versatility of fabrication methods have made them suitable for wind turbine rotor blades. They show higher stiffness and provide high strike resistance, compressive strength, and ultimate strain, resulting into thinner, stiffer, and lighter blades. The high stiffness of glass fiber reduces blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Glass fiber composites are used in the nacelle, which is the most important component of wind turbine. Since one type of fiber does not have all the desired properties, turbine manufacturers are innovating new and improved composites for turbines. For example, glass/carbon hybrid composite. Such composites can provide the required strength and stiffness with improved impact resistance while keeping the weight less and cost down. Thereby, driving the APAC glass fiber market in coming years.

 

In case of COVID-19, APAC is highly affected specially India. The COVID-19 is anticipated to cause a significant economic loss in the APAC region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various APAC countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the global supply of glass fiber. Furthermore, travel bans imposed by countries in APAC region are affecting opportunities for business collaborations and partnerships. All of these factors are expected to have a negative impact on the chemical and materials industry, acting as a stifling factor for the growth of various markets related to this industry in the coming months.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC glass fiber market. The APAC glass fiber market is expected to grow at a good CAGR during the forecast period.

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APAC Glass Fiber Market Segmentation
APAC Glass Fiber Market – By Fiber Type

  • E/ECR-Glass Fiber
  • S-Glass Fiber
  • C-Glass Fiber
  • Others

APAC Glass Fiber Market – By Product Type

  • Single-End Roving
  • Multi-End Roving
  • Woven Roving
  • Others

APAC Glass Fiber Market – By Application

  • Marine
  • Transportation
  • Aerospace
  • Construction
  • Electrical and Electronics
  • Consumer Goods
  • Others

APAC Glass Fiber Market – By Manufacturing Process

  • Hand Lay Up
  • Spray Up
  • Prepreg Lay Up
  • Injection Molding
  • Compression Molding
  • Resin Infusion
  • Others

APAC Glass Fiber Market, by Country

  • Australia
  • China
  • India          
  • Japan
  • South Korea
  • Rest of APAC      

APAC Glass Fiber Market -Companies Mentioned

  • China Jushi Co., Ltd.
  • Chongqing Polycomp International Corp. (CPIC)
  • Goa Glass Fibre Limited
  • Johns Manville
  • Nippon Electric Glass Co.,Ltd.
  • Owens Corning
  • SAINT GOBAIN S.A.
  • Sichuan Weibo New Material Group Co., Ltd. 
  • Taishan Fiberglass Inc. (CTG)
  • Taiwan Glass Group 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        APAC Glass Fiber Market, by Fiber Type

1.3.2        APAC Glass Fiber Market, by Product Type

1.3.3        APAC Glass Fiber Market, by Application

1.3.4        APAC Glass Fiber Market, by Manufacturing Process

1.3.5        APAC Glass Fiber Market, by Country

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           APAC Glass Fiber Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Expert Opinions

5.           APAC Glass Fiber Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Escalating Demand of Glass Fibers from Construction Industry

5.1.2        Surging Demand of Fiberglass Composites from the Automotive Industry

5.2         Market Restraints

5.2.1        Presence of Carbon Fiber and Mineral Wool

5.3         Market Opportunities

5.3.1        Burgeoning Development of Advanced Glass Fibers for the Wind Energy

5.4         Future Trends

5.4.1        Mounting Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites

5.5         Impact Analysis

6.           Glass Fiber Market– APAC Analysis

6.1         APAC Glass Fiber Market Overview

6.2         APAC Glass Fiber Market Forecast and Analysis

7.           APAC Glass Fiber Market Analysis – By Fiber Type

7.1         Overview

7.2         APAC Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027

7.3         E/ECR-Glass Fiber

7.3.1        Overview

7.3.2        E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

7.4         S-Glass Fiber

7.4.1        Overview

7.4.2        S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

7.5         C-Glass Fiber

7.5.1        Overview

7.5.2        C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

7.6         Others

7.6.1        Overview

7.6.2        Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

8.           APAC Glass Fiber Market Analysis – By Product Type

8.1         Overview

8.2         APAC Glass Fiber Market Breakdown, By Product Type, 2019 & 2027

8.3         Single-End Roving

8.3.1        Overview

8.3.2        Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

8.4         Multi-End Roving

8.4.1        Overview

8.4.2        Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

8.5         Woven Roving

8.5.1        Overview

8.5.2        Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

8.6         Others

8.6.1        Overview

8.6.2        Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.           APAC Glass Fiber Market Analysis – By Application

9.1         Overview

9.2         APAC Glass Fiber Market Breakdown, By Application, 2019 & 2027

9.3         Marine

9.3.1        Overview

9.3.2        Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.4         Transportation

9.4.1        Overview

9.4.2        Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.5         Aerospace

9.5.1        Overview

9.5.2        Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.6         Construction

9.6.1        Overview

9.6.2        Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.7         Electrical and Electronics

9.7.1        Overview

9.7.2        Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.8         Consumer Goods

9.8.1        Overview

9.8.2        Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

9.9         Others

9.9.1        Overview

9.9.2        Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.        APAC Glass Fiber Market Analysis – By Manufacturing Process

10.1      Overview

10.2      APAC Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027

10.3      Hand Lay Up

10.3.1     Overview

10.3.2     Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.4      Spray Up

10.4.1     Overview

10.4.2     Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.5      Prepreg Lay Up

10.5.1     Overview

10.5.2     Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.6      Injection Molding

10.6.1     Overview

10.6.2     Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.7      Compression Molding

10.7.1     Overview

10.7.2     Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.8      Resin Infusion

10.8.1     Overview

10.8.2     Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

10.9      Others

10.9.1     Overview

10.9.2     Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

11.        APAC Glass Fiber Market – Country Analysis

11.1      Overview

11.1.1     APAC: Glass Fiber Market, by Key Country

11.1.1.1       Australia: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.1.1       Australia: Glass Fiber Market, By Fiber Type

11.1.1.1.2       Australia: Glass Fiber Market, By Product Type

11.1.1.1.3       Australia: Glass Fiber Market, By Application

11.1.1.1.4       Australia: Glass Fiber Market, By Manufacturing Process

11.1.1.2       China: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.2.1       China: Glass Fiber Market, By Fiber Type

11.1.1.2.2       China: Glass Fiber Market, By Product Type

11.1.1.2.3       China: Glass Fiber Market, By Application

11.1.1.2.4       China: Glass Fiber Market, By Manufacturing Process

11.1.1.3       Japan: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.3.1       Japan: Glass Fiber Market, By Fiber Type

11.1.1.3.2       Japan: Glass Fiber Market, By Product Type

11.1.1.3.3       Japan: Glass Fiber Market, By Application

11.1.1.3.4       Japan: Glass Fiber Market, By Manufacturing Process

11.1.1.4       India: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.4.1       India: Glass Fiber Market, By Fiber Type

11.1.1.4.2       India: Glass Fiber Market, By Product Type

11.1.1.4.3       India: Glass Fiber Market, By Application

11.1.1.4.4       India: Glass Fiber Market, By Manufacturing Process

11.1.1.5       South Korea: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.5.1       South Korea: Glass fiber Market, by Fiber Type

11.1.1.5.2       South Korea: Glass Fiber Market, By Product Type

11.1.1.5.3       South Korea: Glass Fiber Market, By Application

11.1.1.5.4       South Korea: Glass Fiber Market, By Manufacturing Process

11.1.1.6       Rest Of APAC: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

11.1.1.6.1       Rest Of APAC: Glass Fiber Market, By Fiber Type

11.1.1.6.2       Rest Of APAC: Glass Fiber Market, By Product Type

11.1.1.6.3       Rest Of APAC: Glass Fiber Market, By Application

11.1.1.6.4       Rest Of APAC: Glass Fiber Market, By Manufacturing Process

12.        Impact of COVID-19 Pandemic on APAC Glass Fiber Market

12.1      APAC: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Product News

13.2      Mergers and Acquisitions

13.3      Strategy and Business Planning

14.        Company Profiles

14.1      Chongqing Polycomp International Corp. (CPIC)

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Johns Manville

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      China Jushi Co., Ltd.

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Nippon Electric Glass Co.,Ltd.

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Owens Corning

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      SAINT GOBAIN S.A.

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Sichuan Weibo New Material Group Co., Ltd.

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      Taishan Fiberglass Inc.(CTG)

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Taiwan Glass Group

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Goa Glass Fibre Limited

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Glossary

LIST OF TABLES

Table 1.             APAC Glass Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Table 2.             Australia Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 3.             Australia Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 4.             Australia Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 5.             Australia Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 6.             China Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 7.             China Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 8.             China Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 9.             China Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 10.          Japan Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 11.          Japan Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 12.          Japan Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 13.          Japan Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 14.          India Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 15.          India Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 16.          India Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 17.          India Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 18.          South Korea Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 19.          South Korea Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 20.          South Korea Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 21.          South Korea Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 22.          Rest of APAC-Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)

Table 23.          Rest of APAC-Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)

Table 24.          Rest of APAC-Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)

Table 25.          Rest of APAC-Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)

Table 26.          Glossary of terms

LIST OF FIGURES

Figure 1.           APAC Glass Fiber Market Segmentation

Figure 2.           APAC Glass Fiber Market Segmentation – By Country

Figure 3.           APAC Glass Fiber Market Overview

Figure 4.           E/ECR-Glass Fiber Segment Held Larger Share of APAC Glass Fiber Market in 2019

Figure 5.           China Dominated the APAC Glass Fiber Market in 2019

Figure 6.           PEST Analysis for APAC Glass Fiber Market

Figure 7.           Impact Analysis of Drivers and Restraints

Figure 8.           APAC Glass Fiber Market Forecast and Analysis, (US$ Mn)

Figure 9.           APAC Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027 (%)

Figure 10.        APAC E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 11.        APAC S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 12.        APAC C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 13.        APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 14.        APAC Glass Fiber Market Breakdown, By Product Type, 2019 & 2027 (%)

Figure 15.        APAC Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 16.        APAC Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 17.        APAC Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 18.        APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 19.        APAC Glass Fiber Market Breakdown, By Application, 2019 & 2027 (%)

Figure 20.        APAC Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 21.        APAC Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 22.        APAC Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 23.        APAC Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 24.        APAC Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 25.        APAC Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 26.        APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 27.        APAC Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027 (%)

Figure 28.        APAC Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 29.        APAC Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 30.        APAC Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 31.        APAC Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 32.        APAC Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 33.        APAC Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 34.        APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 35.        APAC: Glass Fiber Market, by Key Country – Revenue (2019) (USD Million)

Figure 36.        APAC: Glass Fiber Market Revenue Share, by Key Country (2019 & 2027)

Figure 37.        Australia: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 38.        China: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 39.        Japan: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 40.        India: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 41.        South Korea: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 42.        Rest Of APAC: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)

Figure 43.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. China Jushi Co., Ltd.
  2. Chongqing Polycomp International Corp. (CPIC)
  3. Goa Glass Fibre Limited
  4. Johns Manville
  5. Nippon Electric Glass Co.,Ltd.
  6. Owens Corning
  7. SAINT GOBAIN S.A.
  8. Sichuan Weibo New Material Group Co., Ltd.
  9. Taishan Fiberglass Inc. (CTG)
  10. Taiwan Glass Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC glass fiber market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC glass fiber market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the glass fiber market, as well as those hindering it    
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution     
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