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The objective of the Non-Woven Glass Fiber Prepreg Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Non-Woven Glass Fiber Prepreg Market.
Market Insights – The Non-Woven Glass Fiber Prepreg Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Non-Woven Glass Fiber Prepreg Market are-
Owens Corning,
Seartex,
PPG Fiberglass,
Jushi,
CPIC
Taishan Fiberglass
Growth drivers and Market Value:
This report, from Stratview Research, studies the Non-Woven Glass Fiber Prepreg Market value and growth drivers over the trend period of 2022-27. According to the report -
The global non-woven glass fiber prepreg market offers healthy growth opportunity and is likely to grow at >7% CAGR during the forecast period of 2020 to 2025. Increasing installations of longer wind turbines, increasing use of composites in the automotive industry, and recovering marine boat sales are some of the major growth drivers of the non-woven glass fiber prepreg market.
Segment Analysis:
Based on End-Use Industry Type:
Automotive industry is expected to experience the fastest growth in the next five years driven by increasing use of composites in the mass produced vehicles to reduce an overall vehicle weight and increase the fuel efficiency. The stringent government regulations, such as CAFÉ Standards are putting pressures on automakers to either reduce the vehicle weight or downsize the engine to enhance the fuel efficiency or reduce the carbon emissions. Auto OEMs are heavily working on lightweight materials including non-woven prepreg to meet the targets set by regulations. This will push the demand of non-woven glass fiber prepreg in the global automotive industry.
Based on Region:
Asia-Pacific is expected to remain the largest non-woven glass fiber prepreg market during the forecast period. The region is also likely to grow at the fastest rate in the next five years. The largest market for wind turbine installations, the largest automotive producers, the largest electrical and electronic components manufacturing region, and the fastest growing aerospace industry are the major growth drivers of the region. China and India are likely to remain the growth engines of the Asia-Pacific non-woven glass fiber prepreg market in the next five years.
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Critical Questions Answered in the Report
l What are the key trends in the global Non-Woven Glass Fiber Prepreg Market?
l How the Non-Woven Glass Fiber Prepreg Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Non-Woven Glass Fiber Prepreg Market?
l What are the key strategies adopted by the major vendors to lead in the Non-Woven Glass Fiber Prepreg Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Non-Woven Glass Fiber Prepreg Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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