Glass Fibers Market to Cross 7 Million Tons by 2010, According to New Report by Global Industry Analysts, Inc.

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Global market for Glass Fibers is projected to cross 7 million tons by 2010. Globally increased prospects in reinforced plastics for textile glass fibers continue to improve the demand for glass fibers. Further, technological and material improvements are expected to increase with growing applications for glass fibers.

Glass Fibers: A Global Strategic Business Report

Fiberglass is largely used in construction industry for insulation and reinforcement purpose. Global glass fibers market is projected to reach 7.3 million tons by 2010. United States and Europe collectively account for more than 65% of the global demand. In Europe, Glass wool insulation, is projected to reach 919.9 thousand tons by 2010.

Construction comprises the largest end-use segment, accounting for more than 28% share. In United States, glass fiber insulation market is saturated in domestic segment, while the industrial segment still features bright prospects. Asia-Pacific, the fastest growing region, is projected to register a CAR of 10.85% over the analysis period. Textile glass fibers market in the region is estimated at 732.9 thousand tons for 2007. Asia-Pacific represents the fastest growing region due to on going infrastructural changes in developing economies including India and China. Compared to the US, Asia's per capita consumption of glass fiber is extremely low. Global demand in electrical and electronic equipment market is expected to reach 1.5 million tons by 2010.

Higher demand for textile fibers is expected to stem from extended application of reinforced plastics in construction and electrical and electronic goods industry. Globally, China represents the fastest growing market for glass fibers and has surpassed Japan to become the second largest market after United States. Increasing applications of textile glass fiber in reinforced plastics are mainly attributed to the growing demand for cost effective and high efficiency materials in electronic, electrical, and construction markets as stated by Global Industry Analysts, Inc. Demand for non-reinforced glass fiber applications such as filtration wand battery separators is mainly due to increased sales of cell phone applications.

Equipment transportation and appliance shipments are the other areas of growth for fiberglass insulation. The electrical and electronic equipment industry is the major potential market for glass fibers, particularly in the Asia-Pacific where growth is projected above the global average. Glass fiber mats due to their properties such as corrosion resistance, anti-aging performance, and dimensional stability, are being increasingly used as substrate in PVC plastic flooring, APP and SBS asphalt belts, FRP surfacing reinforcements, carpet file, for underground anti-corrosion pipes for gas and oil transmission, and wall covering.

Major Players in the Glass Fiber industry include Owens Corning, Saint-Gobain, PPG Industries, and Johns Manville Corporation. These players collectively account for more than 60% of the global market.

The report titled "Glass Fibers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes current and future market prospects over the review period 2000-2010 by both product segment and end-use industries. The study discusses the key factors driving growth, market trends, and activities affecting the industry. End-use markets covered include Construction, Motor Vehicles, Electrical and Electronic Equipment, Consumer Goods, and Others Markets. Latent demand patterns are quantified across the geographic markets including United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America. The report also offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities.

For more details of this research report please visit http://www.strategyr.com/MCP-1157.asp

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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