Dry Chopped Glass Fiber Market worth USD 2,995.95 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Dry Chopped Glass Fiber Market by Type (E Glass, AR-Glass, S-Glass, A-Glass, C-Glass), by Resin (Polyamide, Polypropylene, Phenolic, Polyesters, Polybutylene terephthalate (PBT), Polyethylene terephthalate (PET), Others), by Industry, and by Region – Global Share and Forecast to 2033, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global dry chopped glass fiber market size is expected to grow from USD 1,514.18 million in 2022 to USD 2,995.95 million by 2033, at a CAGR of 6.4% from 2023 to 2033.

The dry chopped glass fiber market consists of sales of dry chopped glass fiber services by entities (organizations, sole traders, and partnerships). An increase in the demand for high-performance materials with properties, such as high strength-to-weight ratio, good tensile strength, and electrical conductivity, the global dry-used chopped strand glass fiber market. In the other hand, the availability of replacements is the key constraint hindering the glass fiber market expansion. The availability of replacements such as carbon create salt fiber, and natural fiber create difficulties for the worldwide glass fiber industry. Moreover, the growing amount of wind energy capacity projects is a growth opportunities potential for the fiberglass industry.

Global Dry Chopped Glass Fiber Market Segmentation

The overall dry chopped glass fiber market has been segmented into type, resin, industry, and region.

• By Type (E Glass, AR-Glass, S-Glass, A-Glass, C-Glass)
• By Resin (Polyamide, Polypropylene, Phenolic, Polyesters, Polybutylene terephthalate (PBT), Polyethylene terephthalate (PET), Others)
• By Industry (Buildings and Construction, Automotive, Consumer Goods, Food & Beverages, Aerospace, Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

S-Glass segment is at the highest CAGR during the forecast period

S-Glass segment is expected to grow at the highest CAGR during the forthcoming period. S-glass has properties similar to E-glass but is stronger and stiffer. Extreme tenacity Magnesium aluminosilicate is used to make S-glass. S-glass fiber works well at high temperatures and is used in applications that demand great strength and stability in severe temperatures and corrosive environments. S-glass is also available on the global market and is currently the best-performing fiber. It contains more silica than standard glass fiber products. This glass is widely used in the textile and composite industries. It has a high compressive strength, is heat resistant, and has great impact resistance.

Don't miss out on business opportunities in Dry Chopped Glass Fiber Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The residential sector was a crucial driver of the recovery, with low mortgage rates and wage increases boosting demand for new dwelling units. Building activity in the United States and Canada increased dramatically in 2018. After 2021, the rate of development rose as sustained investment in infrastructure and smart city plans bolstered the area's construction industry. The rising construction sector in North America is projected to boost the market. This fibre is widely used in the building and construction industry as a raw material for insulation, cladding, surface coating, and roofing.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the dry chopped glass fiber market. It also consists of the profiles of leading companies such as JuShi, Owens Cowning, Saint Goban, Binani, Taiwan Glass, CPIC, Johns Manville, Taishan Fiberglass Inc.(CTG), NEG, LANXESS, Company 11, Company 12, Company 13, Company 14 and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

800 Third Avenue Suite A #1519

New York, US 10022

USA: +1 646-663-5829 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com