Glass fiber demand in the US is forecast to advance 2.2 percent annually to 6.5 billion pounds in the year 2003, valued at $5.5 billion.
Fiberglass insulation demand will expand less than 2 percent per year to four billion pounds in the year 2003, constrained by a softening new housing market but stimulated by activity in the residential aftermarket, which accounts for three-quarters of total fiberglass demand. Homeowners' desires to increase energy efficiency and reduce fossil fuel consumption will spur demand for attic reinsulation and basement perimeter applications, while upgrades and additions to existing homes will create opportunities for insulation in wall cavities and sheathing. Fiberglass insulation also finds use in nonconstruction markets, in heating, ventilation and air conditioning duct liners, pipe and machinery insulation and appliances such as refrigerators.
Textile glass fiber demand is projected to expand nearly 3 percent yearly to 2.4 billion pounds in the year 2003, driven by reinforced plastics' advantages over other materials including high strength, design flexibility and cost savings via parts consolidation. Building products and motor vehicles will remain the largest markets for reinforced plastic. Building product uses will be driven by needs for greater durability, lower maintenance and better affordability in products such as underground storage tanks, pipe, panels and tubs, showers and other bathroom components. Motor vehicle opportunities will be fueled by manufacturers' efforts to reduce costs, weight and maintenance requirements, while enhancing design flexibility. Best opportunities are expected in products such as body panels, door modules, instrument panels and underbody chassis components.
US Glass Fibers (published 5/99, 212 pages) is available for $3500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail firstname.lastname@example.org. Full text is also available online through commercial database companies and the www.freedoniagroup, com Web site.
Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
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|Comment:||Glass fiber demand in the US is forecast to advance 2.2 percent annually to 6.5 billion pounds in the year 2003, valued at $5.5 billion.|
|Publication:||Research Studies - Freedonia Group|
|Article Type:||Brief Article|
|Date:||May 1, 1999|
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