According to a new market report published by Lucintel, the future of the glass fiber market looks promising with good opportunities in various end use industries, such as construction, transportation, marine, and consumer goods. The global glass fiber market is expected to reach an estimated $8.9 billion by 2020 and it is forecast to grow at a CAGR of 5.3% by value from 2015 to 2020. The major driver for market growth is the rise in demand for glass composite-made products, including bathtubs, pipe & tank, printed circuit boards, wind blades, and auto body panels.