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June 5th, 2007
Glass fiber demand in the US is projected to expand 2.3 percent annually to 8.1 billion pounds in 2011, valued at $7.0 billion. Best growth is anticipated for glass wool fiber, with overall demand constrained by slow textile glass fiber advances as nanomaterials displace glass fibers in reinforced plastics.
Reinforced plastics will present the best opportunities for textile glass fiber.
Textile glass fibers are low cost, versatile and corrosion resistant materials used in both reinforced and nonreinforced applications. Slow textile glass fiber growth will be attributable to maturing applications, intense competition and rapid inroads made by nanomaterials. Nanomaterial reinforcement advances into reinforced textile glass fiber markets are expected as supplies increase and prices become more competitive. Nanomaterial advantages as plastic reinforcements include their unique performance properties, clarity and significantly reduced loading factors.
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