Glass Fibers with Forecasts to 2005 and 2010
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Glass Fibers with forecasts to 2005 and 2010 New study finds: • US demand for glass fibers is projected to rise 1.8 percent per year to 6.8 billion pounds in 2005, valued at $6.5 billion • Best opportunities are expected for textile glass fibers in reinforced plastics applications, which will grow 3.2 percent annually to 1.2 billion pounds • The top four companies -- Owens Corning, Johns Manville, Saint Gobain (via Saint-Gobain Vetrotex and CertainTeed) and PPG Industries -- together accounted for 75 percent of the market in 2000 Freedonia Industry Study #1428 Study Publication Date: June 2001 Price: $3,700 Glass Fibers Pages: 273 Glass Fibers, a new study from The Freedonia Group, provides you with an in-depth analysis of major trends in the industry and the outlook for product segments and major markets -- critical information to help you with strategic planning. This brochure gives you an indication of the scope, depth and value of Freedonia's new study, Glass Fibers. Ordering information is included on the back page of the brochure. Brochure Table of Contents Study Highlights ............................................................................... 2 Table of Contents and List of Tables and Charts ............................. 4 Sample Pages and Sample Tables from: Market Environment .................................................... 6 Glass Wool Fibers ........................................................ 7 Textile Glass Fibers ..................................................... 8 Industry Structure ........................................................ 9 Company Profiles ...................................................... 10 List of Companies Profiled ........................................ 11 Forecasting Methodology ............................................................... 12 About the Company ....................................................................... 13 Advantages of Freedonia Reports ................................................... 13 About Our Customers .................................................................... 14 Other Titles From Freedonia ......................................................... 15 Ordering Information..................................................................... 16 Study Highlights • US demand for glass fibers is projected to rise 1.8 percent per year to 6.8 billion pounds in 2005, valued at $6.5 billion. • Glass wool (fiberglass) insulation demand is forecast to increase 1.3 percent annually to four billion pounds in 2005. • Best opportunities are expected for textile glass fibers in reinforced plastics applications, which will grow 3.2 percent annually to 1.2 billion pounds. • Building products and motor vehicles will continue to be the leading applications in the reinforced plastic market. In other reinforced plastics applications, above-average growth is forecast for the electrical and electronics market, fueled by rapid advances in computer and telecommunications technology, which have shortened the useful life of many types of business equipment. • Asphalt construction products will continue to account for the largest portion of demand for glass fibers in other reinforced uses and will benefit from above-average expected growth for laminated shingles, which utilize 30 percent more glass fiber than stan- dard asphalt shingles. • The top four companies -- Owens Corning, Johns Manville, Saint Gobain (via Saint-Gobain Vetrotex and CertainTeed) and PPG Industries -- together accounted for 75 percent of the market in 2000. * Optical glass fibers are excluded from the scope of the study. Glass Fibers #1428 Freedonia Industry Study 2 Study Highlights Glass Fibers Demand, 2000 Glass Wool (Fiberglass) 61.0% Nonreinforced Plastics 4.1% Other Reinforced Reinforced Plastics Plastics 17.7% 17.2% Glass Fibers Demand (million pounds) % Annual Growth Item 1995 2000 2005 2010 00/95 05/00 Gross Domestic Product (bil 1996$) 7544 9319 10670 12270 4.3 2.7 lbs/000$ GDP 0.68 0.66 0.63 0.62 -- -- SUMMARY TABLE Glass Fiber Demand 5093 6178 6770 7650 3.9 1.8 Glass Wool 3088 3764 4010 4495 4.0 1.3 Textile Glass: 2005 2414 2760 3155 3.8 2.7 Reinforced Plastics 876 1065 1248 1445 4.0 3.2 Other Reinforced Uses 907 1095 1226 1390 3.8 2.3 Nonreinforced 222 254 286 320 2.7 2.4 $/lb 0.78 0.87 0.96 1.05 2.2 2.0 Glass Fiber Demand (mil $) 3986 5379 6480 8030 6.2 3.8 © Copyright by The Freedonia Group, Inc. Glass Fibers #1428 Order form on last page 3 List of Contents, III. GLASS FIBERS OVERVIEW General ...............................................................................39 Tables and Charts Table - Glass Fiber Demand by Type.............................40 Historical Trends ................................................................40 Table - Glass Fiber Historical Trends, 1990-2000 .........43 Chart - Glass Fiber Historical Trends, 1990-2000 .........43 Pricing Factors ....................................................................44 Table - Glass Fiber Price Trends .....................................45 International Activity 46 I. EXECUTIVE SUMMARY .......................................................... Summary Table ................................................................ 3 IV. GLASS WOOL FIBERS General 49 II. MARKET ENVIRONMENT ............................................................................... Product Forms ................................................................49 General ................................................................................. 4 R-Values .........................................................................50 Macroeconomic Outlook ...................................................... 5 Competitive Materials .....................................................52 Table - Macroeconomic Environment .............................. 6 Foamed Plastic ............................................................52 Consumer Income & Spending ............................................ 7 Cellulose .....................................................................54 Table - Personal Income & Expenditures ......................... 8 Mineral Wool ..............................................................55 Demographic Trends ........................................................... 8 Other Insulation Materials ..........................................57 Table - Population Trends..............................................11 Supply & Demand.............................................................58 Building Construction Trends ...........................................12 Table - Glass Wool Fiber Supply & Demand .................60 Table - Building Construction Trends ...........................14 Producers & Market Share..................................................60 Residential Construction .................................................14 Chart - US Glass Wool Fiber Market Share, 2000 ..........64 Table - Residential Building Construction Trends ......16 Markets ..............................................................................64 Housing Starts.............................................................16 Table - Glass Wool Fiber Demand by Market ................66 Table - Housing Starts by Type ..............................18 Chart - Glass Wool Fiber Demand by Market, 2000 ......67 Repair & Improvement ...............................................18 Residential Markets .........................................................67 Table - Residential Repair & Improvement Activity ....19 Table - Residential Construction Markets Nonresidential Construction ...........................................19 for Glass Wool Fibers ................................................69 Table - Nonresidential Building Construction Trends ....21 Chart - Glass Wool Residential Construction Motor Vehicle Industry Outlook ........................................21 Markets, 2000 ..........................................................70 Table - Motor Vehicle Production ..................................23 New Housing .............................................................70 Electrical & Electronic Equipment Sector Trends...............23 Table - New Housing Markets for Glass Wool Fibers ....72 Table - Electrical & Electronic Equipment Shipments ....26 Replacement & Remodeling .......................................73 Marine Industry Outlook ...................................................26 Table - Replacement & Remodeling Markets Table - Recreational Boat Shipments...............................28 for Glass Wool Fibers .............................................74 Insulation Industry Outlook ...............................................28 Attic Reinsulation........................................................74 Table - Insulation Demand by Material ..........................30 Table - Attic Reinsulation Markets Chart - Insulation Demand by Material, 2000 ...............31 for Glass Wool Fibers .............................................75 Reinforced Plastics Industry Outlook ..................................31 Nonresidential Markets ...................................................76 Table - Reinforced Plastics Demand ...............................33 Table - Nonresidential Construction Markets Legislation & Regulatory Considerations ............................33 for Glass Wool Fibers ................................................79 Materials-Based Regulation .............................................34 Chart - Glass Wool Nonresidential Construction