Booming Automotive Industry to Become Cornerstone of Growth for Glass Fiber Market

The competitive landscape in the global glass fiber market is fairly consolidated, finds TMR in a new study. The leading players in the overall market are focusing on developing export channels to increase their international presence and subdue China’s hold in the foreign markets. TMR’s findings also indicate that major companies are focusing on aligning their research and development activities to develop improved product portfolio. For instance, Jiangsu Jiuding New Material Co. Ltd. invested about US$3.2 mn in R&D in 2013. This move enabled the company to create 44 technology and product patents. Similarly, Nippon Electric Glass Co., Ltd. is gunning for expanding its capacities to improve its market position and cater to the pharmaceutical sector as well.

Booming Automotive Industry to Become Cornerstone of Growth for Glass Fiber Market

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