MARKET OVERVIEW
The long glass fiber market refers to the market for long glass fibers used as reinforcement materials in various polymer composites. These fibers offer several advantages, such as high strength, low weight, and improved dimensional stability, which make them an ideal choice for various applications, including automotive, construction, electrical and electronics, and consumer goods. The increasing demand for lightweight and high-performance materials, as well as the growing demand for eco-friendly and sustainable products, is driving the growth of the long glass fiber market. The market is expected to grow in the coming years due to rising demand from various end-use industries and technological advancements in producing long glass fibers.
MARKET DYNAMICS
The long glass fiber market is anticipated to grow in the forecast period owing to growing applications of long fiber thermoplastic and composites in automotive industry for fuel-efficient vehicle. Moreover, superior properties over short fiber thermoplastics such as improved fatigue and creep performance, dimensional stability, excellent surface finish, less generation of volatile organic compounds (VOC) and recycling capabilities further boost the growth of the long glass fiber market. However, the long glass fiber market is negatively influenced by the environmental issues relating to recycling of glass fiber products hampering the growth of the market. Nonetheless, increasing use of long fiber thermoplastic in end-use industries offer lucrative opportunities for the long glass fiber market during the forecast period.
MARKET SCOPE
The "Global Long Glass Fiber Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of long glass fiber market with detailed market segmentation by resin type, application, and geography. The global long glass fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading long glass fiber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global long glass fiber market is segmented on the basis of resin type and application. Based on resin type, the market is segmented as polypropylene, polyamide, polybutylene terephthalate, and others. On the basis of the application the market is segmented as automotive, consumer goods, sporting goods, industrial goods, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global long glass fiber market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The long glass fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting long glass fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the long glass fiber market in these regions.
MARKET PLAYERS
The reports cover key developments in the long glass fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from long glass fiber market are anticipated to lucrative growth opportunities in the future with the rising demand for long glass fiber in the global market. Below mentioned is the list of few companies engaged in the long glass fiber market.
The report also includes the profiles of key long glass fiber companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BASF SE
- Celanese Corporation
- Daicel Polymer Ltd.
- LANXESS AG
- PlastiComp, Inc.
- PolyOne Corporation
- RTP Company
- SABIC
- Solvay SA
- Sumitomo Bakelite Co., Ltd. (SBHPP)
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