The global giberglass electrical products market is currently valued at almost USD 1,712 million and is expected to reach around USD 2,661 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global fiberglass electrical products market, under its textile, fiber, and composites portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like AGY, Jushi Group, PPG Industries, Saint-Gobain, and China Beihai Fiberglass.
According to Ajay Adikari, a lead analyst for textile, fiber, and composites research at Technavio, “Growing environmental awareness and the demand for higher energy are prompting the electrical and electronics industry to shift their focus towards energy-efficient electrical goods. Besides, government initiatives toward environmental considerations are anticipated to foster growth of the market for energy-efficient electrical and electronic products during the forecast period.”
Fiberglass electrical and electronic products such as PCBs, insulators, and enclosures are the essential components in the electrical and electronics industry. Fiberglass serves as one of the most important materials in this industry.
Nanotechnology in fiberglass
Nanomaterials function as super filler, with a much smaller filler volume compared with traditionally filled resins. Furthermore, nano-filled resins often exhibit characteristics such as enhanced thermal and electrical conductivity and reduced flammability. For instance, Applied Nanotech has developed stronger fiberglass that can be used in certain application areas using carbon nanotube (CNT)-enhanced composites.
Miniaturization in electronics industry
The need for decreased material costs and demand for smaller assemblies in specific applications is resulting in the miniaturization of electrical devices. The trend of miniaturization of devices is especially prominent in the aerospace industry owing to the development of semiconductor technology and integrated circuits. The technological advancements in the electronic equipment are spurring the development compact and user-friendly devices. Such developments are resulting in changes in design features of the integrated circuits and PCBs that require fiberglass for manufacturing.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Fiberglass Electrical Products Market 2017-2021’.
Other related reports:
- Global Wind Turbine Composite Materials Market 2017-2021
- Wood Manufacturing Market in Bosnia and Herzegovina 2016-2020
- Paper Manufacturing Market in Bosnia and Herzegovina 2016-2020
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