Revolutionizing Thermoset Plastics: Unlocking the Potential of Chopped Fibers in the 2024-2030 Market Landscape
Market Status and Future Trends of Chopped Fibers for Thermosetting Plastics 2024-2030
Chopped glass fibers for thermoset resins are designed as reinforcements for thermoset resin systems used to make compression or injection molded parts. These chopped strands are made by a dry chopped process. Chopped glass fiber strands are cut into a variety of lengths, depending on the application. They have minimal hairiness during processing and wet out quickly in polyester and vinyl ester resin systems.
The global market size of chopped fibers for thermosetting plastics is estimated to be USD 343 million in 2023 and is expected to reach USD 427 million in 2030, with a compound annual growth rate (CAGR) of 3.2% during 2024-2030.
The main manufacturers of chopped fibers for thermosetting plastics in the global market include Owens Corning, Nippon Electric Glass, Jushi Co., Ltd., Taishan Fiberglass, Vetrotex, Taiwan Glass, 3B Fibreglass, AGY Holding Corp, Johns Manville, Nittobo, etc. Among them, the top three manufacturers in the world will account for approximately a significant market share in 2023.
In 2023, the market size of chopped fibers for thermosetting plastics in the United States is about US$ million, and the CAGR is expected to be a significant growth rate in the next few years. During the same period, the market size in China is US$ million, and it will maintain an annual compound growth rate of a notable percentage. Europe is also an important market, accounting for a significant percentage of the global share in 2023, with Germany playing an important role. From the perspective of other regions in the world, Japan and South Korea are also two important regions, with CAGRs of a notable percentage and a significant percentage respectively expected in the next few years.
Market Segmentation
By Length:
- 3 mm
- 6 mm
- 12 mm
- Other
By Application:
- Automotive
- Architecture
- Other
Key Regions/Countries Covered:
- Americas
- USA
- Canada
- Mexico
- Brazil
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Middle East and Africa
- Egypt
- South Africa
- Israel
- Türkiye
- Gulf countries
Key Companies Covered:
- Owens Corning
- Nippon Electric Glass
- Jushi Co., Ltd.
- Taishan Fiberglass
- Vetrotex
- Taiwan Glass
- 3B Fibreglass
- AGY Holding Corp
- Johns Manville
- Nittobo