North America Glass Fiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type, Product Type, Application, and Manufacturing Process

E/ECR-Glass Fiber Segment to Dominate North America Glass Fiber Market During 2020-2027.

According to a new market research study on “North America Glass Fiber Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Fiber Type, Product Type, Application, and Manufacturing Process,” is expected to reach US$ 4,588.68 million by 2027 from US$ 3,400.45 million in 2020. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report provides trends prevailing in the North America glass fiber market along with the drivers and restraints pertaining to the market growth. Increasing demand of glass fibers from construction industry and growing demand of fiberglass composites from the automotive industry are the major factor driving the growth of the North America glass fiber market. However, presence of alternative such as carbon fiber and mineral wool hinders the growth of North America glass fiber market.

In case of COVID-19, North America is highly affected specially the US which got the highest number of confirmed cases of COVID-19, as, compared to Mexico and Canada. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. The North American chemical and materials industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns etc. because of this outbreak. In addition to this, the global travel bans imposed by countries across North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the chemical and materials industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.

North America glass fiber market is segmented based on fiber type, product type, application, manufacturing process, and country. Based on different fiber type used in the manufacturing of glass fibers, the market is segmented into e/ecr-glass fiber, s-glass fiber, c-glass fiber, and others. The e/ecr-glass fiber segment dominate the North America glass fiber market in 2019 and is also expected to be fastest growing during forecast period. Based on product type, the market has been segmented into single-end roving, multi-end roving, woven roving, and others. The others segment dominated the North America glass fiber market in 2019 and is also expected to be fastest growing during forecast period. Based on application, market has been segmented into the marine, transportation, aerospace, construction, electrical and electronics, consumer goods, and others. The transportation segment dominated the North America glass fiber market in 2019 and is also expected to be fastest growing during forecast period. By manufacturing process, market is segmented into hand lay up, spray up, prepreg lay up, injection molding, compression molding, resin infusion, and others. The others segment dominated the North America glass fiber market in 2019 and resin infusion segment is expected to be fastest growing during forecast period.

China Jushi Co. Ltd.; Chongqing Polycomp International Corp. (CPIC); Johns Manville; Nippon Electric Glass Co.Ltd.; Owens Corning; SAINT GOBAIN S.A.; and Taishan Fiberglass Inc. (CTG) are among the leading companies in the North America glass fiber market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Johns Manville announced the successful launch of a thermal recycling unit for waste glass fibers in its Engineered Products plant in Trnava, Slovakia. The company invested approximately 10 million Euros into state-of-the-art technology so that the recycling capacity will allow further glass fiber production capacity growth in Trnava.

The report segments the North America Glass Fiber Market as follows:

North America Glass Fiber Market - By Fiber Type

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

North America Glass Fiber Market - By Product Type

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

North America Glass Fiber Market - By Application

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

North America Glass Fiber Market - By Manufacturing Process

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

North America Glass Fiber Market - By Country

• US
• Canada
• Mexico

Reasons to buy:

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• The key findings and recommendations highlight crucial progressive industry trends in the North America 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 North America 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