Fiberglass market worldwide is projected to grow by US$7 Billion, driven by a compounded growth of 5. 9%. Glass Wool, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.
February 04, 2020 13:58 ET | Source: ReportLinker
New York, Feb. 04, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Fiberglass Industry” – https://www.reportlinker.com/p05798567/?utm_source=GNW
8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$6.2 Billion by the year 2025, Glass Wool will bring in healthy gains adding
Significant momentum to global growth.
- Representing the developed world, the United States will maintain a 5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$250 Million to the region’s size and
clout in the next 5 to 6 years. Over US$210.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Glass Wool will reach a market size of US$241.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.8% over the next couple of years and add approximately US$1.9 Billion in terms of addressable opportunity for the picking by
aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources
within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are
based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Post time: Jan-11-2021