Glass Microfiber Market Scope
Glass microfiber is used for cleaning eyeglasses, TV screens, CDs, cameras, computer, mobile phones, and other devices. It has numerous characteristics such as lightweight, durability, high tensile strength, flexibility, among others. Increasing usage of glass microfiber in various application such as filter paper, battery & others and rising disposal income among consumer are some of the major factors which affect the growth of the market in the future.
According to AMA, the Global Glass Microfiber market is expected to see growth rate of 4.2%
The market is highly fragmented with the presence of various players in the market. Some of the major players are Johns Manville (United States), Unifrax Corporation (United States), Hollingsworth and Vose (United States), among others Research Analyst at AMA estimates that United States and China Vendors will contribute to the maximum growth of Global Glass Microfiber market throughout the predicted period.
Johns Manville (United States), Unifrax Corporation (United States), Hollingsworth and Vose (United States), Lydall, Inc. (United States), Taishan Fiberglass Inc. (China), Ahlstrom-Munksjo Oyj (Finland), Anhui Jiyao Glass Microfiber Co., Ltd. (China), Prat Dumas (France), Porex Corp (United States) and Shri Premolite Industries (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Owens Corning Corporation (United States) and Chengdu Hanjiang New Materials Technology Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Glass Microfiber market by Type (A-Glass, B-Glass, C-Glass, E-Glass and others), by Application (Absorbent Glass Mat (AGM) Separators, Filter Materials, Vacuum Insulation Panels (VIPs) and Others) and Region with country level break-up.
On the basis of geography, the market of Glass Microfiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Technology Advancement in Glass Microfiber Products
Market Drivers
- Increasing Usage of Glass Microfiber for Cleaning Sunglasses
- Rising Disposal Income among Consumer and Growing Demand for Advanced Glass Microfiber Products
Opportunities
- Growing Demand from Emerging Economics Market such as China, India, Brazil, among others
Restraints
- High Cost of Raw Material for Manufacturing Glass Microfiber Products
Challenges
- Lack of Awareness of Glass Microfiber is posing a Challenge for the Market
Key Target Audience
Manufacturers of Glass Microfiber, Suppliers of Glass Microfiber, Wholesalers, Distributors, and Retailers of Glass Microfiber, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others