Innumerable Benefits and Thermal Efficiency of Fiber Glass Spurring Growth Prospects in the Global GF and GFRP Composites Market: Technavio Report

Renewable energy

 

  • The key vendors in the Global GF and GFRP Composites Market 2014-2018 are Asahi Glass Company (AGC), China Fiberglass, Nippon, PPG Industries and Saint-Gobain.

London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global GF and GFRP Composites Market 2014-2018.   With the growth in the Real Estate industry in the APAC region and Europe, the demand for fiberglass is expected to grow considerably. Despite the cost of manufacturing is expected to rise over the next couple of years, manufacturers are positive about the market because of innovations in technology related to composites, and also in their manufacturing processes. The Global GF and GFRP Composites market is expected to grow at a CAGR of 7.18 percent over the forecast period of 2013-2018.

“Among the products related to sustainability, fiberglass fenestration products are preferred because they have excellent thermal and physical performance,” says Faisal Ghaus, Vice President of TechNavio Research.

“Fiberglass has a slightly higher expansion/contraction rate than glass. The low coefficient of expansion and contraction makes fiberglass a thermally efficient material.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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