Press release
Fiberglass Fabric Market Is Predicted To Expand At A High CAGR Of 7.2% To Reach Us$ 20.69 Billion By 2032
The global Fiberglass Fabric Market is currently worth US$ 1.09 billion and is expected to grow at a 7.8% CAGR to US$ 2.34 billion by the end of 2032.Changing and evolving lifestyles, increased e-Commerce platform penetration, particularly in developing economies, and rising collagen demand for use in aesthetic procedures and wound healing therapies are all significant drivers influencing market expansion.
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Competitive Landscape
The market has a disproportionately large number of producers and service providers, and it is extremely fragmented. The development of innovative products and a strong distribution network for those products is a critical component in fostering competition among market participants.
The growing demand for premium fabrics with exceptional strength and lightweight properties forces manufacturers to innovate and maintain product quality standards.
Large manufacturers and distributors have long-term supply agreements in place to ensure raw material availability and product consistency.
To solidify its position as a market leader in the non-woven and wind energy, high-modulus glass, and specialty fabrics sectors, Owens Corning purchased Ahlstrom's glass non-woven and fabrics operations in January 2016.
In June 2018, Owens Corning and Chongqing Polycomp International Corp. (CPIC) signed a strategic cooperation and supply contract for collaborative technological investment and the development and operation of a new facility in China by CPIC for the production of high-modulus glass fiber products.
Key Segments Covered in Fiberglass Fabric Industry Research
Fiberglass Fabric Market by Type :
Woven Fiberglass Fabric
Non-woven Fiberglass Fabric
Fiberglass Fabric Market by Category :
E-class Fiberglass Fabric
S-class Fiberglass Fabric
Others Fiberglass Fabric
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Fiberglass Fabric Market by Application :
Electronics
Electric
Defense
Wind Energy
Others
Fiberglass Fabric Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Which regional market is advancing the fastest?
"Asian Pacific Fiberglass Fabric Market Expansion in Terms of Production and Consumption"
North America is expected to dominate the fibreglass fabric market and expand at a rapid pace during the forecast period. North America is expected to account for 24.6% of the global market share in 2022.
Europe is now the second-largest market for fibreglass fabrics, owing to increased regulatory pressure and investment in the renewable energy sector, which has resulted in increased demand for fibreglass fabrics. The European market for fibreglass fabrics is expected to grow significantly over the forecast period. In 2022, Europe is expected to hold 21.3% of the global market.
The report includes the following insights and assessments that will be beneficial to all participants in the Fiberglass Fabric Market:
• Data on recently implemented regulations and their impact on key industries and demand in the Fiberglass Fabric Market
• Key trends and changing consumer preferences in major industries
• Changing demand and consumption of diverse products
• Major trends highlighting funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
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How Fact.MR Assists in Making Strategic Moves?
The data provided in the Fiberglass Fabric Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period. The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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