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This market research report identifies AGY, Jushi Group, PPG Industries, Saint-Gobain, and China Beihai Fiberglass as the key vendors in the global fiberglass electrical and electronic products market. This market also presents a detailed analysis of the market by application (PCBs and Insulators and enclosures) and geography (the Americas, APAC, and EMEA).
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.
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:
Other prominent vendors include Braj Binani Group, CHONGQING POLYCOMP INTERNATIONAL, KCC, Knauf Insulation, and Taishan Fiberglass.
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.
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.
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The textile, fiber and composites industry is one business vertical which has tremendous growth prospects as well as ample business opportunities. A closely monitored sector by the analysts at Technavio, this is one industry which witnesses the entry of major players from both developed as well as developing countries around the globe. The market research reports developed by the analysts at Technavio take into account the historical significance as well as the local and global factors into consideration to bring you one of the most comprehensive and all-encompassing analyses about the industry. Our research analysts also make use of the best possible analytical tools to get an accurate insight into the textile, fiber and composites industry. Based on our reports, individuals, as well as business houses, can build investment strategies as well as business plans for maximum return on investment (ROI).
By keeping in mind the specific requirements of the textile, fibers, and composites industry, the market research analysts have focused on several market insights to provide a complete picture of the growth prospects and latest trends on textile, fibers, and composites like fiberglass electrical products. The upcoming report on fiberglass electrical products follows a careful approach of primary and secondary research, optimum use of appropriate analytical tools, and analyzing the current trend patterns and government policies. Owing to several cutting-edge technological advancements across diverse industries in the past few decades, the demand for textile, fibers, and composites is anticipated to rise steeply in the coming years. These materials find extensive application in a wide range of industries like aerospace and defense, automotive, construction, sports and other industrial applications.
Our upcoming market intelligence report on flame-retardant chemicals also takes into account the growth of the other niche textile, fibers, and composites markets like non-woven fabrics market and technical textiles market, which are expected to grow at a CAGR of 7% and 4%, respectively by 2020. Along with well-crafted syndicated reports, Technavio also develops high-quality customized reports depending on the specific requirement of our clients. Our research specialists and industry experts provide an in-depth analysis of product trends and new market segments to generate an all-encompassing overview of the performance chemicals and materials industry.
The market report for fiberglass electrical products also identifies the key drivers, emerging trends, as well as the challenges that the textile, fibers, and composites industry is currently experiencing. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the chemicals and materials sector.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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