Fiberglass is a composite material, which is widely used in the aerospace industry for its lightweight and eco-friendly nature. It is made of glass fiber reinforced plastics. Fiberglass is a fiber reinforced polymer, which is made of plastics and reinforced with glass fibers in a continuous stranded fashion. The plastic may be a thermoset plastic (mostly epoxy, polyester, or vinyl ester) or a thermoplastic. Glass fibers are made from various categories of glass, depending on the end-use. Glass fibers have silica or silicate along with some amount of oxides of calcium, magnesium, and boron. Fiberglass is lightweight and strong. It is not as strong as a carbon fiber but stronger than many metals. Its raw materials are comparatively cheaper than those of carbon fiber composites.
Technavio’s analysts forecast the global fiberglass market for aerospace industry to grow at a CAGR of 4.86% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global fiberglass market for aerospace industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Fiberglass Market for Aerospace Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Braj Binani Group • Jushi Group • PPG Industries • Saint-Gobain • China Beihai Fiberglass
Other prominent vendors • Advanced Composites • ADVANCED Fiberglass Industry • Composite Engineering & Design (C.E.D.) • KCC
Market driver • Demand for aircraft weight reduction and fuel efficiency. • For a full, detailed list, view our report
Market challenge • High acquisition and operation cost of autoclave systems. • For a full, detailed list, view our report
Market trend • Implementation of composites in jet engines and aircraft interiors. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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