Global Fiberglass Electrical and Electronic Products Market 2017-2021

Overview of the global fiberglass electrical and electronic products market

Technavio’s market research report predicts that the global fiberglass electrical and electronic products market will grow at a CAGR of above 7% during the forecast period. Advantages of using fiberglass over other materials are the one of the primary drivers for the market growth. Compared to steel, aluminum, concrete, and wood, fiberglass provides numerous advantages such as flexibility in designing, high dielectric strength, and low moisture absorption and is widely used in electrical and electronic applications. Moreover, fiberglass also offers lower installation costs due to less weight and provides better resistance to chemical and corrosion. This will increase the demand for fiberglass due to its exclusive properties and is projected to propel the growth of the fiberglass electrical and electronic products market in the future.

One of the latest trends that will gain traction in the global fiberglass electrical and electronics products market is the advancements in technology. Stringent regulations and rise in competition and innovation pose as vital focus areas for the manufacturers. Key players are already working on offering high-quality products at ideal costs and are implementing the utilization of different technologies. For instance, one of the major companies Owens Corning, recently introduced their product Performax SE4849, made of boron-free Advantex glass fiber that combines the electrical and mechanical properties of traditional E-glass with the corrosion resistance and durability of E-CR glass.

Competitive analysis and key vendors

Numerous well-established vendors dominate the fiberglass electrical and electronic products market. The requirement for fiberglass from the electrical and electronics industry, propels the need for product innovation, in turn, intensifying the level of competition in the market. The vendors in the market have the need to focus on developing innovative technologies and stay informed on the developing technologies to expand their product lines.

Key vendors in the market are:

• AGY
• Jushi Group
• PPG Industries
• Saint-Gobain
• China Beihai Fiberglass

Other prominent vendors include Braj Binani Group, CHONGQING POLYCOMP INTERNATIONAL, KCC, Knauf Insulation, and Taishan Fiberglass.

Segmentation by application and analysis of the fiberglass electrical and electronic products market

• Printed circuit boards (PCBs)
• Insulators and enclosures

During 2016, the PCBs dominated the application segment of the fiberglass electrical and electronic products market and is expected to continue the dominion over the next four years as well. The wide range of application areas and the increasing usage of electronics, drive the growth of this market segment.

Geographical segmentation and analysis of the fiberglass electrical and electronic products market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the fiberglass electrical and electronic products market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as the expanding population and the increasing demand for electrical products will fuel the growth of the market in this region over the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fiberglass electrical products and electronic market?
• What are the key market trends impacting the global fiberglass electrical and electronic products market?
• What are the challenges to market growth?
• Who are the key vendors in the global fiberglass electrical and electronic products market?
• What are the market opportunities and threats faced by the vendors in the global fiberglass electrical and electronic products market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fiberglass electrical and electronic products market?

Technavio also offers customization on reports based on specific client requirement.

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