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Lucintel: The Glass Fiber Market Is Expected to Reach $10.4 Billion By 2026
DALLAS, TX / ACCESSWIRE / January 14, 2021 / According to a new market report published by Lucintel, the future of the global glass fiber market is promising with opportunities in the transportation, construction, pipe and tank, electrical and electronics, consumer goods, and wind energy industry. The global glass fiber market is declined in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.4 billion by 2026 with a CAGR of 2% to 4% from 2021 to 2026. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts. ....

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