Irving, TX (PRWEB) July 30, 2012
The global glass fiber textile market declined in 2009 but recovered and registered healthy growth in 2011. The market is expected to continue its growth momentum, reaching approximately $4 billion in 2017 with a CAGR of 7% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global carbon fiber market and presents its findings in “Global Glass Fiber Textile Market 2012-2017: Supply, Demand and Opportunity Analysis.”
Lucintel’s research indicates that as a competitor to traditional materials such as iron, steel and aluminum, glass fiber textiles (GFT) have gained favor among equipment manufacturers for superior performance. The growth rate of the GFTs differed across the various market segments based on price versus performance criteria and its level of penetration in the particular application.
Although the Economic recession caused setbacks in the Glass Fiber Market but with the Economic recovery the market recovered and registered high growth rate in 2011.
Asia and ROW are expected to continued leading the market over the next five years, mainly because of the rapidly growing demand in China and India. The growth rate of the GFTs differed across the various market segments based on price versus performance criteria as well as its level of penetration in the particular application.
Lucintel expects higher market fragmentation in the future and increasingly competitive markets are likely to emerge. The aerospace, marine, and wind energy industries are expected to experience healthy growth during 2012–2017. Significant differences in growth potential among the application markets and regions exist, and yield better-than-average returns for suppliers that are best positioned accordingly. In the long term, the glass fiber textiles industry is a sustainable industry with good growth potential.
The report, which provides trend scenarios and forecast statistics for 2012–2017; details industry drivers and challenges; and highlights glass fiber market by product, applications and regions. The study also describes various glass fiber properties, manufacturing processes, and provides additional insights.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.