Fiberglass Fabric Market Worldwide Industry Analysis by Top Key Companies : Asahi Kasei Corporation (Japan), Dupont (U.S.), Owens Corning (U.S.), Gurit (Switzerland), Jushi Group Co., Ltd. (China), Chomarat (France), Saertex GmbH & Co.KG. (Germany), Tah T
The fiberglass fabric market has been around for decades and is now witnessing strong demand as the construction industry has emerged as the most active consumer of fiberglass fabric. Over the recent years, a number of new construction projects have begun in economically prosperous areas. Moreover, the advancements in several key end-use industries, demand for fibreglass fabric has been rising globally. In addition to this, the electrical and electronics industry has seen a large inflow of revenue as the fibreglass fabric is such an important component in the production of electronic devices, demand for it is expected to soar. Owing to these aforementioned factors, it is anticipated that the global fibreglass fabric market will generate massive revenues over the forecasted period.
Global Fiberglass Fabric Market was valued at USD 12.10 billion in 2021 and is expected to reach USD 20.38 billion by 2029, registering a CAGR of 6.73% during the forecast period of 2022-2029. The "e-glass fiber" accounts for the largest fiber type segment in the fiberglass fabric market owing to its extensive characteristics and cost efficiency. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Fiberglass fabric (PFPE) is a low-molecular-weight fluorinated synthetic fluid. Fiberglass fabric is non-toxic and non-flammable in its natural state. It is utilized in severe temperatures ranging from 80°C to 200°C. PFPE's molecular structure might be linear, branched, or a combination of both, depending on the application. Temperature resistance, lubricity, wear resistance, and fluid volatility are all provided by PFPE.
Some of the major players operating in the fiberglass fabric market are
Asahi Kasei Corporation (Japan)
Owens Corning (U.S.)
Jushi Group Co., Ltd. (China)
Saertex GmbH & Co.KG. (Germany)
Tah Tong Textile Co., Ltd (China)
Auburn Manufacturing, Inc. (U.S.)
BGF Industries, Inc. (U.S.)
Nitto Boseki Co., Ltd. (Japan)
Hexcel Corporation (U.S.)
TEI Composites Corporation (Japan)
Fibre Glast Developments Corp., (U.S.)
Porcher Industries (Germany)
Fiberglass fabric Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Increased Utilization within Automotive Sector
The fiberglass is commonly used in front and rear bumpers, hoods, doors, casings, timing belts, and V-belts because of its high tensile strength, temperature resistance, and dimensional stability. According to OICA, light commercial vehicle production in the APAC region increased by 10.2% in 2018. In addition, woven fiberglass fabrics reinforce automotive parts such as clutch discs and brake pads to maintain the composite's integrity in a hot and abrasive environment. As a result, as automation rises, more fiberglass fabric will be needed to manufacture various automotive parts, which will drive the fiberglass fabric market during the forecast period.
Expansion of Aerospace Industries
The fiberglass is used in both the military and civilian aerospace industries to manufacture parts like test equipment, ducting, and enclosures due to its superior tensile and compressive strength qualities. They are also widely used in aerospace to reduce weight (up to 20% less than aluminum), improve fuel efficiency, and extend flight range. According to the International Trade Administration (ITA), China was the world's second-largest civil aerospace and aviation services market and one of the fastest-growing markets in 2019. China had 59 airlines and 3,615 civil aircraft by the end of 2018, an increase of 10% over 2017. According to the International Trade Administration (ITA), the Indian government spent $645 million on civil aviation in 2018, according to the International Trade Administration (ITA). India is also expected to drive demand for 2,300 aircraft worth US$320 billion over the next 20 years, according to Boeing. As the aerospace industry grows, the demand for fiberglass fabric will act as a growth driver for the fiberglass fabric market.
Furthermore, the growing demand for fiberglass fabric in various end-use industries such as building and construction, automotive and transportation, wind energy, aerospace and defense, chemical, and others. Due to their extensive set of characteristics, such as high tensile strength, dimensional stability, high heat resistance, fire resistance, excellent thermal conductivity, good chemical resistance, and more, fiberglass fabrics are in high demand in a variety of industries. Furthermore, because of its lightweight, electrical, and durable properties, fiberglass fabrics are widely used in electrical and electronics applications, which is expected to drive the fiberglass fabric market during the forecast period.
Technological Development and Research and Development
Furthermore, the development of new technologies to improve product quality for high-tech aerospace, defense and electronics applications extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the market players' growing research and development activities will further expand the future growth of the fiberglass fabric market.
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Global Fiberglass Fabric Market Scope
The fiberglass fabric market is segmented on the basis of fiber type, fabric type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Electrical and Electronics
Aerospace and Defense
Fiberglass Fabric Market Regional Analysis/Insights
The Fiberglass Fabric market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Fiberglass Fabric market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Fiberglass Fabric within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Fiberglass Fabric market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key Question Answered in Report.
What are the strengths and weaknesses of the Fiberglass Fabric Market?
What are the different marketing and distribution channels?
What is the current CAGR of the Fiberglass Fabric Market?
What are the Fiberglass Fabric market opportunities in front of the market?
What are the highest competitors in Fiberglass Fabric market?
What are the key outcomes of SWOT and Porter's five techniques?
What is the Fiberglass Fabric market size and growth rate in the forecast period?
Table of Contents:
Global Fiberglass Fabric Market Research Report 2022-2029
Chapter 1: Fiberglass Fabric Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Fiberglass Fabric Market Competition by Manufacturers
Chapter 4: Global Fiberglass Fabric Production, Revenue (Value) by Region
Chapter 5: Global Fiberglass Fabric Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Fiberglass Fabric Market Effect Factors Analysis
Chapter 12: Global Fiberglass Fabric Market Forecast
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