The global European glass fiber market is projected to reach $4.0 billion by 2028, at a CAGR of 4.3% during 2023-2028. The growth of European glass fiber market is driven by increasing awareness related to transportation, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies. Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the European glass fiber market by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS), manufacturing process (hand lay up, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg layups, and others), country (Germany, France, Italy)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the European glass fiber market?
Q.4 What are some changing demands of customers in the European glass fiber market?
Q.5 What are the new developments in the European glass fiber market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this European glass fiber area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this European glass fiber market?
Based on application, the European glass fiber market is segmented into marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others. The transportation segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to value and volume consumption. Government regulations, such as carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.
Key Players in the European glass fiber market are Owens Corning, Johns Manville, 3B glass fiber, Nippon Electric Glass and Lanxess.
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