Booming Automotive Industry to Become Cornerstone of Growth for Glass Fiber Market

Transparency Market

Research

Glass Fiber Market - Global Industry Analysis, Size,

Share, Growth, Trends, and Forecast 2016 - 2024

Published Date

09-May-2016

184 Page Report

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Booming Automotive Industry to Become Cornerstone of

Growth for Glass Fiber Market : TMR

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Glass Fiber Market

REPORT DESCRIPTION

Glass Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

The competitive landscape in the global glass fiber market is fairly consolidated, finds TMR in a new study. The

leading players in the overall market are focusing on developing export channels to increase their international

presence and subdue China’s hold in the foreign markets.

TMR’s findings also indicate that major companies are focusing on aligning their research and development

activities to develop improved product portfolio. For instance, Jiangsu Jiuding New Material Co. Ltd. invested

about US$3.2 mn in R&D in 2013. This move enabled the company to create 44 technology and product

patents. Similarly, Nippon Electric Glass Co., Ltd. is gunning for expanding its capacities to improve its market

position and cater to the pharmaceutical sector as well.

Browse The Full Research Report TOC : http://www.transparencymarketresearch.com/glass-fibersmarket.html

Heightened Marine and Automotive Production Improves Glass Fiber Demand

Exceptional qualities of glass fiber such as low weight, higher impact resistance, and superior strength make it

a popular choice of material across the building and construction industry. TMR analyst says, “The growing

population of Asia Pacific, which accounted for 60.5% of the total global population, has spurred a huge

demand for construction of residential projects. These interlinked factors have created a massive demand...