Global glass fiber insulation materials will increase by 5.9% in the next five years
industry experts - a market research company engaged in multi industry analysis released a new market report on "overview of the global glass fiber insulation material market". According to the report, the glass fiber insulation material market is expected to reach 5.1 million tons in 2012, with a value of 10.6 billion US dollars
although the glass fiber production technology has been recognized, because the world attaches importance to "green" applications such as products and technologies, the use of frame materials in products will improve the recognition of the market. As a material choice, glass fiber can be used in many applications, including new and renovated commercial and residential buildings. It can provide products with high strength, long service life, durability and thermal energy efficiency
although new buildings continue to decrease in developed economies in North America and Europe, the demand for glass fiber in the North American market will still rise, mainly due to the relatively rapid recovery of the North American market, while the European Union is increasing the demand for such products in order to reduce carbon dioxide emissions and meet the requirements of the new building energy efficiency directive
in European Union countries, such as Germany and France, building renovation is in full swing, mainly thanks to the support of government plans, whose goal is to reduce building energy consumption. Regions with large demand for insulating materials include China, India and Russia, mainly because the construction industry in these countries has developed rapidly, and there are new regulations and standards for sustainable buildings. In the Asia Pacific region, China and other developing countries with rapid development have performed well in various fields where glass fiber insulation materials are required for test modes. The average annual compound growth rate has reached 8% in 2011 from 6% in 2006. On the first day of the year, the installation will be carried out in strict accordance with the provisions and requirements of the design drawings of the hydraulic universal testing machine, and this value will remain between 6.2% and 6.7%. The high-speed action travel is longer than the low-speed one, so the end applications of glass fiber products in the market include 1. Non metallic material experimental instruments; Residential construction, commercial and industrial construction, industrial and HVAC industry applications, and other equipment applications. The report predicts that the global glass fiber market will be 5.1 million tons in 2012 and 6.4 million tons in 2016, worth US $14.1 billion, with a compound annual growth rate of 5.9% from 2012 to 2016
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