Europe Glass Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Fiber Type (E/ECR-Glass Fiber, S-Glass Fiber, C-Glass Fiber, and Others), Product Type (Single-End Roving, Multi-End Roving, Woven Roving, and Others), Application (Marine, Transportation, Aerospace, Construction, Electrical and Electronics, Consumer Goods, and Others), and Manufacturing Process (Hand Lay Up, Spray Up, Prepreg Lay Up, Injection Molding, Compression Molding, Resin Infusion, and Others)
Market Introduction
European continent comprises several developing economies such as Germany, France, UK, and Italy, among others. Europe has matured the automotive, aerospace, and consumer electronics sector, and it is further supported by high technology connectivity environment. Besides, around 16.2 million automobiles are produced across 25 countries in Europe. Most of the high-performance four-wheeler companies are located in Germany, Italy, France, the UK, and Poland. Furthermore, the European aerospace market is the global leader in aerospace product exports.UK, France, and Germany are home to the leading aerospace manufacturers, followed by Sweden and Poland. A substantial financial investment is made in R&D for the aerospace industry, which is bolstering the glass fiber market. Apart from this, Europe region is experiencing a growing demand for glass fiber due to the increasing disposable incomes, growing urbanization, and the expansion of the construction industry. These factors boost the glass fiber market in Europe. The rising demand in the end-user industries for glass fiber is driving the European glass fiber market. The increase in the electrical and electronics industry as well as the automobile industry is going to drive the glass fiber market in this region. Steady growth in the automotive, aerospace, and other industries has had a considerable influence on the glass fiber market in Europe.
In case of COVID-19, Europe is highly Affected Specially Russia which has recorded the highest number of COVID cases. Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The European 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.
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Market Overview and Dynamics
The Europe glass fiber market is expected to grow from US$ 1,812.40 million in 2020 to US$ 2,340.84 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027. Growing usage of lightweight glass fiber reinforced plastic (gfrp) composites is expected to fuel the market growth. Glass fiber reinforced plastic is a composite material that consists of a polymer matrix and glass fibers. The polymer matrix is usually an epoxy, vinyl ester, or polyester thermosetting resin. The most common types of glass fiber used for GFRP are E-glass and E-CR-glass. GFRP possesses several beneficial characteristics such as low weight at high mechanical strength, UV radiation and temperature stability, resistance against chemicals and corrosion, and environmental friendliness. It is waterproof and can be customized to be a fire-retardant by using nonflammable resins. GFRP is a highly durable material with a very long lifetime expectancy, which makes it ideal for a wide range of applications in various industries. It is used in new construction applications such as transportation infrastructure, runways, rail LRT, mining and tunneling, buildings, IT and research facilities, waterside concrete structures such as water treatment facilities, retaining and sea walls and drainage systems. In addition, GFRP are used in construction of pipe work and chemical storage vessels and fume scrubbers. They are also used for manufacturing automotive car body panels. Rising demand for low weight, mouldability, and high-quality surface finishes makes GFRP an ideal material for automotive applications. Use of GFRP as an alternative to wood and steel to manufacture ships, yachts, and marine transportation vehicles is expected to boost the demand for glass fibers in the near future for Europe region.
Key Market Segments
In terms of fiber type, the E/ECR glass fiber segment accounted for the largest share of the Europe glass fiber market in 2019. In terms of product type, the others segment held a larger market share of the Europe glass fiber market in 2019. In terms of application, the transportation segment held a larger market share of the Europe glass fiber market in 2019. Further, the compression molding segment held a larger share of the Europe glass fiber market based on manufacturing process in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe glass fiber market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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)
Reasons to buy report
- To understand the Europe glass fiber market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe glass fiber market
- Efficiently plan M&A and partnership deals in Europe glass fiber market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe glass fiber market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe Glass Fiber Market Segmentation
Europe Glass Fiber Market - By Fiber Type
- E/ECR-Glass Fiber
- S-Glass Fiber
- C-Glass Fiber
- Others
Europe Glass Fiber Market - By Product Type
- Single-End Roving
- Multi-End Roving
- Woven Roving
- Others
Europe Glass Fiber Market - By Application
- Marine
- Transportation
- Aerospace
- Construction
- Electrical and Electronics
- Consumer Goods
- Others
Europe Glass Fiber Market - By Manufacturing Process
- Hand Lay Up
- Spray Up
- Prepreg Lay Up
- Injection Molding
- Compression Molding
- Resin Infusion
- Others
Europe Glass Fiber Market - By Country
- Germany
- France
- Italy
- UK
- Rest of Europe
Europe Glass Fiber Market - Company Profiles
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Johns Manville
- Nippon Electric Glass Co.,Ltd.
- Owens Corning
- SAINT GOBAIN S.A.
- Taishan Fiberglass Inc. (CTG)
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Glass Fiber Market, by Fiber Type
1.3.2 Europe Glass Fiber Market, by Product Type
1.3.3 Europe Glass Fiber Market, by Application
1.3.4 Europe Glass Fiber Market, by Manufacturing Process
1.3.5 Europe Glass Fiber Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Glass Fiber Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Expert Opinions
5. Europe Glass Fiber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand of Glass Fibers from Construction Industry
5.1.2 Increasing Demand of Fiberglass Composites from the Automotive Industry
5.2 Market Restraints
5.2.1 Availability of Carbon Fiber and Mineral Wool
5.3 Market Opportunities
5.3.1 Mounting Development of Advanced Glass Fibers for the Wind Energy Market
5.4 Future Trends
5.4.1 Growing Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites
5.5 Impact Analysis
6. Glass Fiber Market– Europe Analysis
6.1 Europe Glass Fiber Market Overview
6.2 Europe Glass Fiber Market Forecast and Analysis
7. Europe Glass Fiber Market Analysis – By Fiber Type
7.1 Overview
7.2 Europe Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027
7.3 E/ECR-Glass Fiber
7.3.1 Overview
7.3.2 E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.4 S-Glass Fiber
7.4.1 Overview
7.4.2 S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.5 C-Glass Fiber
7.5.1 Overview
7.5.2 C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8. Europe Glass Fiber Market Analysis – By Product Type
8.1 Overview
8.2 Europe Glass Fiber Market Breakdown, By Product Type, 2019 & 2027
8.3 Single-End Roving
8.3.1 Overview
8.3.2 Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.4 Multi-End Roving
8.4.1 Overview
8.4.2 Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.5 Woven Roving
8.5.1 Overview
8.5.2 Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9. Europe Glass Fiber Market Analysis – By Application
9.1 Overview
9.2 Europe Glass Fiber Market Breakdown, By Application, 2019 & 2027
9.3 Marine
9.3.1 Overview
9.3.2 Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.5 Aerospace
9.5.1 Overview
9.5.2 Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.6 Construction
9.6.1 Overview
9.6.2 Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.7 Electrical and Electronics
9.7.1 Overview
9.7.2 Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.8 Consumer Goods
9.8.1 Overview
9.8.2 Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10. Europe Glass Fiber Market Analysis – By Manufacturing Process
10.1 Overview
10.2 Europe Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027
10.3 Hand Lay Up
10.3.1 Overview
10.3.2 Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.4 Spray Up
10.4.1 Overview
10.4.2 Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.5 Prepreg Lay Up
10.5.1 Overview
10.5.2 Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.6 Injection Molding
10.6.1 Overview
10.6.2 Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.7 Compression Molding
10.7.1 Overview
10.7.2 Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.8 Resin Infusion
10.8.1 Overview
10.8.2 Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.9 Others
10.9.1 Overview
10.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
11. Europe Glass Fiber Market – Country Analysis
11.1 Overview
11.1.1 Europe: Glass Fiber Market, By Key Country
11.1.1.1 Germany: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
11.1.1.1.1 Germany: Glass Fiber Market, By Fiber Type
11.1.1.1.2 Germany: Glass Fiber Market, By Product Type
11.1.1.1.3 Germany: Glass Fiber Market, by Application
11.1.1.1.4 Germany: Glass Fiber Market, By Manufacturing Process
11.1.1.2 France: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
11.1.1.2.1 France: Glass Fiber Market, By Fiber Type
11.1.1.2.2 France: Glass Fiber Market, By Product Type
11.1.1.2.3 France: Glass Fiber Market, By Application
11.1.1.2.4 France: Glass Fiber Market, By Manufacturing Process
11.1.1.3 Italy: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
11.1.1.3.1 Italy: Glass Fiber Market, By Fiber Type
11.1.1.3.2 Italy: Glass Fiber Market, By Product Type
11.1.1.3.3 Italy: Glass Fiber Market, By Application
11.1.1.3.4 Italy: Glass Fiber Market, By Manufacturing Process
11.1.1.4 UK: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
11.1.1.4.1 UK: Glass Fiber Market, By Fiber Type
11.1.1.4.2 UK: Glass Fiber Market, By Product Type
11.1.1.4.3 UK: Glass Fiber Market, By Application
11.1.1.4.4 UK: Glass Fiber Market, By Manufacturing Process
11.1.1.5 Rest Of Europe: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
11.1.1.5.1 Rest Of Europe: Glass Fiber Market, By Fiber Type
11.1.1.5.2 Rest Of Europe: Glass Fiber Market, By Product Type
11.1.1.5.3 Rest Of Europe: Glass Fiber Market, By Application
11.1.1.5.4 Rest Of Europe: Glass Fiber Market, By Manufacturing Process
12. Impact of COVID-19 Pandemic on Europe Glass Fiber Market
12.1 Europe: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Product News
13.2 Mergers and Acquisitions
13.3 Strategy and Business Planning
14. Company Profiles
14.1 Chongqing Polycomp International Corp. (CPIC)
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Johns Manville
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 China Jushi Co., Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Nippon Electric Glass Co.,Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Owens Corning
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAINT GOBAIN S.A.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Taishan Fiberglass Inc.(CTG)
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. Europe Glass Fiber Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. Germany: Glass Fiber Market, By Fiber Type –Revenue and Forecast to 2027 (US$ Mn)
Table 3. Germany: Glass Fiber Market, By Product Type –Revenue and Forecast to 2027 (US$ Mn)
Table 4. Germany: Glass Fiber Market, By Application–Revenue and Forecast to 2027 (US$ Mn)
Table 5. Germany: Glass Fiber Market, By Manufacturing Process–Revenue And Forecast to 2027 (US$ Mn)
Table 6. France: Glass Fiber Market, By Fiber Type –Revenue and Forecast to 2027 (US$ Mn)
Table 7. France: Glass Fiber Market, By Product Type –Revenue and Forecast to 2027 (US$ Mn)
Table 8. France: Glass Fiber Market, By Application–Revenue and Forecast to 2027 (US$ Mn)
Table 9. France: Glass Fiber Market, By Manufacturing Process–Revenue and Forecast to 2027 (US$ Mn)
Table 10. Italy: Glass Fiber Market, By Fiber Type –Revenue and Forecast to 2027 (US$ Mn)
Table 11. Italy: Glass Fiber Market, By Product Type –Revenue and Forecast to 2027 (US$ Mn)
Table 12. Italy: Glass Fiber Market, By Application–Revenue and Forecast to 2027 (US$ Mn)
Table 13. Italy: Glass Fiber Market, By Manufacturing Process–Revenue and Forecast to 2027 (US$ Mn)
Table 14. UK: Glass Fiber Market, By Fiber Type –Revenue and Forecast to 2027 (US$ Mn)
Table 15. UK: Glass Fiber Market, By Product Type –Revenue and Forecast to 2027 (US$ Mn)
Table 16. UK: Glass Fiber Market, By Application–Revenue and Forecast to 2027 (US$ Mn)
Table 17. UK: Glass Fiber Market, By Manufacturing Process–Revenue and Forecast to 2027 (US$ Mn)
Table 18. Rest Of Europe: Glass Fiber Market, By Fiber Type –Revenue and Forecast to 2027 (US$ Mn)
Table 19. Rest Of Europe: Glass Fiber Market, By Product Type –Revenue and Forecast to 2027 (US$ Mn)
Table 20. Rest Of Europe: Glass Fiber Market, By Application–Revenue and Forecast to 2027 (US$ Mn)
Table 21. Rest Of Europe: Glass Fiber Market, By Manufacturing Process–Revenue and Forecast to 2027 (US$ Mn)
Table 22. Glossary of terms
LIST OF FIGURES
Figure 1. Europe Glass Fiber Market Segmentation
Figure 2. Europe Glass Fiber Market Segmentation – By Country
Figure 3. Europe Glass Fiber Market Overview
Figure 4. E/ECR-Glass Fiber Segment Held Larger Share of Europe Glass Fiber Market in 2019
Figure 5. Rest of Europe Dominated the Europe Glass Fiber Market in 2019
Figure 6. PEST Analysis for Europe Glass Fiber Market
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. Europe Glass Fiber Market Forecast and Analysis, (US$ Mn)
Figure 9. Europe Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027 (%)
Figure 10. Europe E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 11. Europe S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 12. Europe C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 13. Europe Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 14. Europe Glass Fiber Market Breakdown, By Product Type, 2019 & 2027 (%)
Figure 15. Europe Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 16. Europe Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 17. Europe Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 18. Europe Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 19. Europe Glass Fiber Market Breakdown, By Application, 2019 & 2027 (%)
Figure 20. Europe Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 21. Europe Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 22. Europe Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 23. Europe Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 24. Europe Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 25. Europe Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 26. Europe Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 27. Europe Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027 (%)
Figure 28. Europe Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 29. Europe Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 30. Europe Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 31. Europe Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 32. Europe Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 33. Europe Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 34. Europe Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 35. Europe: Glass Fiber Market, by Key Country – Revenue (2019) (USD Million)
Figure 36. Europe: Glass Fiber Market Revenue Share, by Key Country (2019 & 2027)
Figure 37. Germany: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 38. France: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 39. Italy: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 40. UK: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 41. Rest Of Europe: Glass Fiber Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 42. Impact of COVID-19 Pandemic in Europe Country Markets
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Johns Manville
- Nippon Electric Glass Co.,Ltd.
- Owens Corning
- SAINT GOBAIN S.A.
- Taishan Fiberglass Inc. (CTG)
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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