Global Fiberglass Composite Market Report: 2012 Edition
Scientific research has influenced every aspect of human existence and development of new technologies and products have helped man in his survival, comfort and undying quest for exploration of new products. Following advancements in metallurgy and natural fibers, the development of fiberglass composite products also played a revolutionary role in numerous fields of business activities like aerospace, automobiles, construction, machines, sports, and consumer goods, among others. Use of fiberglass composite products helped in the development of more advanced and efficient systems and products in various industries. Further, their demand has increased continuously in the past one decade with the exception of 2009, when the same reported a decline in the wake of worldwide economic slowdown. The market demand for fiberglass products is projected to further expand in the years to come growing at a CAGR of approximately 4.7% for the period spanning 2012 to 2014.
Both the production and demand of fiberglass composite products is majorly accounted by China, European Union, and the US. The major end user markets of fiberglass composite products include the construction, automotive, consumer goods, infrastructure, and transportation sectors, among others.
Limited resources and scope of the conventional energy sources like fossil fuels, hydropower, etc. have led to increasing demand for alternative sources like wind energy. Additionally, the rising energy demand in every sector has necessitated the development of new products, processes, and technologies. Fiberglass products have come to form an integral part of most of the new technological development for superior designs and efficiency. Global economic growth has also fuelled new and ever increasing activities and more and more products, both commercial and consumer in which fiberglass composite products are increasingly being used. The end user markets of fiberglass composite products are highly sensitive to fast changing conditions brought by scientific advancements and globalization. This poses a challenge for the fiberglass composite manufactures to constantly innovate and develop new products which in turn requires heavy investments in regular research and development activities.
The worldwide market of fiberglass composites is intensely competitive with players competing mainly on the basis of quality, technology, scale of operations, innovation, and price, among other factors. The market is quite concentrated with only a few large companies accounting a major share of the world production. Following the early concentration of global manufacturing capacity in the western world, the Chinese players have been dominating the worldwide manufacturing of fiber glass composite products.
The report analyzes the global fiberglass composites market. The drivers, opportunities and challenges for the industry have also been analyzed. Further, the report highlights the strategies of the major manufacturers – Owens Corning, China Fiberglass and PPG Industries.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Both the production and demand of fiberglass composite products is majorly accounted by China, European Union, and the US. The major end user markets of fiberglass composite products include the construction, automotive, consumer goods, infrastructure, and transportation sectors, among others.
Limited resources and scope of the conventional energy sources like fossil fuels, hydropower, etc. have led to increasing demand for alternative sources like wind energy. Additionally, the rising energy demand in every sector has necessitated the development of new products, processes, and technologies. Fiberglass products have come to form an integral part of most of the new technological development for superior designs and efficiency. Global economic growth has also fuelled new and ever increasing activities and more and more products, both commercial and consumer in which fiberglass composite products are increasingly being used. The end user markets of fiberglass composite products are highly sensitive to fast changing conditions brought by scientific advancements and globalization. This poses a challenge for the fiberglass composite manufactures to constantly innovate and develop new products which in turn requires heavy investments in regular research and development activities.
The worldwide market of fiberglass composites is intensely competitive with players competing mainly on the basis of quality, technology, scale of operations, innovation, and price, among other factors. The market is quite concentrated with only a few large companies accounting a major share of the world production. Following the early concentration of global manufacturing capacity in the western world, the Chinese players have been dominating the worldwide manufacturing of fiber glass composite products.
The report analyzes the global fiberglass composites market. The drivers, opportunities and challenges for the industry have also been analyzed. Further, the report highlights the strategies of the major manufacturers – Owens Corning, China Fiberglass and PPG Industries.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
1. WORLDWIDE FURNITURE MARKET
1.1 An Introduction
2. FURNITURE MARKET ANALYSIS
2.1 Global Market
Market Value
World Trade
2.2 US Market
Market Value
Product Segmentation
2.3 European Market
External Trade
Office Furniture Consumption
2.3.1 UK
Market Overview
Imports & Exports
2.3.2 France
Market Value
Distribution Network
2.4 India
Demand Growth
Product Segmentation
Market Outlook
2.5 China
Market Overview
Production Outlook
3. MARKET TRENDS
3.1 Significant Growth in China
3.2 Emerging Retail Sales Channels
3.3 New Business Model Based on Value Generation
3.4 Health and Wellness
4. GROWTH DRIVERS
4.1 Growing Real Estate Industry
4.2 Increasing Urbanization
5. CHALLENGES
5.1 Low Cost Manufacturers
5.2 Dependence on Skilled Labor
5.3 Furniture Safety
5.4 Transportation and Logistics
6. SIGNIFICANT DEVELOPMENTS
6.1 Ready to Assemble (RTA) Furniture
6.2 New Laminating and Adhesive Technology
7. FURNITURE MARKET - COMPETITIVE LANDSCAPE
7.1 Office Furniture Production in Europe
7.2 Worldwide Furniture Retailing
8. COMPANY PROFILES
8.1 Steelcase Inc.
Business Description
Key Financials
Business Strategies
Environmental Leadership
Growth Strategy
8.2 Herman Miller
Business Description
Key Financials
Business Strategies
Manufacturing Cost Optimization
Distribution Strategy
8.3 HNI Corp.
Business Description
Key Financials
Business Strategies
Growth Strategy
Fair Competition
9. MARKET OUTLOOK
9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
1.1 An Introduction
2. FURNITURE MARKET ANALYSIS
2.1 Global Market
Market Value
World Trade
2.2 US Market
Market Value
Product Segmentation
2.3 European Market
External Trade
Office Furniture Consumption
2.3.1 UK
Market Overview
Imports & Exports
2.3.2 France
Market Value
Distribution Network
2.4 India
Demand Growth
Product Segmentation
Market Outlook
2.5 China
Market Overview
Production Outlook
3. MARKET TRENDS
3.1 Significant Growth in China
3.2 Emerging Retail Sales Channels
3.3 New Business Model Based on Value Generation
3.4 Health and Wellness
4. GROWTH DRIVERS
4.1 Growing Real Estate Industry
4.2 Increasing Urbanization
5. CHALLENGES
5.1 Low Cost Manufacturers
5.2 Dependence on Skilled Labor
5.3 Furniture Safety
5.4 Transportation and Logistics
6. SIGNIFICANT DEVELOPMENTS
6.1 Ready to Assemble (RTA) Furniture
6.2 New Laminating and Adhesive Technology
7. FURNITURE MARKET - COMPETITIVE LANDSCAPE
7.1 Office Furniture Production in Europe
7.2 Worldwide Furniture Retailing
8. COMPANY PROFILES
8.1 Steelcase Inc.
Business Description
Key Financials
Business Strategies
Environmental Leadership
Growth Strategy
8.2 Herman Miller
Business Description
Key Financials
Business Strategies
Manufacturing Cost Optimization
Distribution Strategy
8.3 HNI Corp.
Business Description
Key Financials
Business Strategies
Growth Strategy
Fair Competition
9. MARKET OUTLOOK
9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
LIST OF CHARTS
Global Furniture Sales, 2005-2010
World Trade of Furniture, 2005-2010
Growth Opportunity of Furniture Industry by Geographic Region, 2011
US Office Furniture Market, 2005-2010
US Furniture Production by Product Category, 2010
External Trade of EU27 Countries, 2006-2010
Office Furniture Consumption in Europe, 2005-2010
Office Furniture Consumption in European Countries, 2010
Number of Furniture Manufacturers in UK, 2009-2010
Furniture Imports and Exports in UK, 2009-2010
French Office Furniture Market Size, 2009-2010
Furniture Market in France by Distribution Network, 2010
Demand for Furniture in India, 2006-2010
Indian Furniture Market by Products, 2009
Outlook for Indian Furniture Market, 2009-2013
China Wooden Furniture Production, 2010A-2015E
Worldwide Construction Spending, 2005-2010
Increasing Urban Population, 2005-2010
Market Share of Top 10 Office Furniture Producers in Europe, 2010
Market Share of Furniture Retail Industry, 2011
Steelcase - Share of Revenue by Segments, 2011
Consolidated Revenue of Steelcase, 2007-2011
Herman Miller - Share of Net Sales by Segments, 2011
Net Sales of Herman Miller, 2007-2011
HNI - Share of Net Sales by Segments, 2010
Net Sales of HNI, 2007-2010
Worldwide Furniture Market (2010A-2015E)
Global Furniture Sales, 2005-2010
World Trade of Furniture, 2005-2010
Growth Opportunity of Furniture Industry by Geographic Region, 2011
US Office Furniture Market, 2005-2010
US Furniture Production by Product Category, 2010
External Trade of EU27 Countries, 2006-2010
Office Furniture Consumption in Europe, 2005-2010
Office Furniture Consumption in European Countries, 2010
Number of Furniture Manufacturers in UK, 2009-2010
Furniture Imports and Exports in UK, 2009-2010
French Office Furniture Market Size, 2009-2010
Furniture Market in France by Distribution Network, 2010
Demand for Furniture in India, 2006-2010
Indian Furniture Market by Products, 2009
Outlook for Indian Furniture Market, 2009-2013
China Wooden Furniture Production, 2010A-2015E
Worldwide Construction Spending, 2005-2010
Increasing Urban Population, 2005-2010
Market Share of Top 10 Office Furniture Producers in Europe, 2010
Market Share of Furniture Retail Industry, 2011
Steelcase - Share of Revenue by Segments, 2011
Consolidated Revenue of Steelcase, 2007-2011
Herman Miller - Share of Net Sales by Segments, 2011
Net Sales of Herman Miller, 2007-2011
HNI - Share of Net Sales by Segments, 2010
Net Sales of HNI, 2007-2010
Worldwide Furniture Market (2010A-2015E)
LIST OF TABLES
Gross Industrial Output Value of Furniture Industry in China, 2009-2010
Dependent & Independent Variables (2005– 2010)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
Gross Industrial Output Value of Furniture Industry in China, 2009-2010
Dependent & Independent Variables (2005– 2010)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
