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

Compression Molding Segment to Dominate SAM Glass Fiber Market During 2020-2027.

According to a new market research study on “SAM 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$ 1,199.94 million by 2027 from US$ 950.38 million in 2020. The market is estimated to grow at a CAGR of 3.4% from 2020 to 2027. The report provides trends prevailing in the SAM glass fiber market along with the drivers and restraints pertaining to the market growth. Burgeoning usage of lightweight glass fiber reinforced plastic (gfrp) composites and mounting development of advanced glass fibers for the wind energy industry are the major factor driving the growth of the SAM glass fiber market. However, accessibility of alternatives hinders the growth of SAM glass fiber market.

In case of COVID-19, SAM is highly affected specially Brazil which got the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained. As a result of this outbreak, the chemical and materials industry across SAM region is one of the major industries experiencing severe disruptions such as supply chain disruptions, technology event cancellations, office shutdowns, and so on. The SAM 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 SAM 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 SAM 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 SAM 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 compression molding segment dominated the SAM 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); Owens Corning; SAINT GOBAIN S.A.; and Taishan Fiberglass Inc. (CTG) are among the leading companies in the SAM 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 2018, CPIC New Material R&D Production Base (Changshou) H04 Line successfully lighted off. Due to this, numerous independent furnaces and R&D supporting facilities and production units for new generation ultra-high-modulus glass fiber, low dielectric glass fiber, ternary high silica glass fiber, and high strength yarn have been established in New Material R&D Changshou Production Base.

The report segments the SAM Glass Fiber Market as follows:

SAM Glass Fiber Market - By Fiber Type

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

SAM Glass Fiber Market - By Product Type

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

SAM Glass Fiber Market - By Application

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

SAM Glass Fiber Market - By Manufacturing Process

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

SAM Glass Fiber Market - By Country

• Brazil
• Argentina
• Rest of SAM

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM 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 SAM 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 SAM 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