Glass Fiber Textiles Market is Forecasted to Reach US$8.1 Billion in 2027, Says Stratview Research

The global Glass Fiber Textiles market is projected to witness a growth rate of 6.6% annually from 2022 to 2027, with an anticipated size of US$8.1 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global Glass Fiber Textiles market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1403/glass-fiber-textiles-market.html#form

Market Statistics:

Market Size in 2027: US$8.1 billion
Growth (CAGR): 6.6% during 2023-2028
Leading Textile Type: Woven Yarn
Leading Industry Type: E&E
Leading Region: Asia-Pacific
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Glass Fiber Textiles Market:

The global Glass Fiber Textiles market is segmented based on Textile type, Industry type, and Region.

Based on the textile type -

- Based on the textile type, the market is segmented into woven textiles, woven yarn, multi-axials, CFM/CSM, chopped strand mats, and preforms.
- Woven yarn is anticipated to maintain its lead during the forecast period. Huge dominance of woven yarn in the electrical & electronics and transportation industries, owing to its better control over strength, thickness, and weight as compared to conventional product types. PCB laminate is one of the key application areas where glass fiber yarns are used in the wake of impressive corrosion resistance, thermal conductivity, dielectric, and lightweight properties.

Based on the industry type -

- Based on the industry type, the market is segmented into aerospace & defense, marine, transportation, construction, consumer goods (sports/leisure), E&E, pipe & tanks, wind energy, and others.
- Electrical & Electronics (E&E) is anticipated to be the largest market for glass fiber textiles in the coming five years, whereas wind energy is likely to be the fastest-growing segment during the same period. Glass fiber textiles can go through more elongation before they break as compared to the competing materials, making this unique material preferred in the electrical & electronics (E&E) and transportation industries. Wind energy also accounts for a sizeable demand in the market.

Which region shows the most promising growth forecast and opportunity?

- Asia-Pacific to maintain its leading position market for glass fiber textiles during the forecast period, driven by the electrical & electronics, and automotive industries.
- The region is also likely to log the highest growth during the forecast period in the wake of the enormous investment in wind energy, the huge dominance of China, Japan, and South Korea in the electrical & electronic industry, and a manufacturing hub of the transportation and construction sectors. China acts as the growth engine with Japan and India being other key markets in the region.

Glass Fiber Textiles Market Drivers:

Some of the key drivers listed in the report are given below.

- Glass fiber textiles have ubiquitous dominance with more than 90% share of the overall composite textiles market in 2022 in terms of volume. It is best suitable for a pool of applications such as boat hulls, wind blades, automotive body panels, rail partitions, and architectural decorative parts.
- Owing to excellent dielectric properties and better thermal and chemical resistant properties, the demand for glass fiber textiles is mushrooming in all the major composite markets. Glass fiber textiles have come to the light as one of the strongest textiles due to their specific tensile strength as compared to steel wire.
- Growing demand across the major industry verticals, such as wind energy, automotive, construction, pipe & tank, and automotive, is likely to create a healthy demand in the coming years.

Competitive Landscape: Top Companies in the Glass Fiber Textiles Market:

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Glass Fiber Textiles Market:
• Owens Corning
• Zhenshi Holding Group Co., Ltd
• SAERTEX GmbH & Co. KG
• PGTEX China Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Glass Fiber Textiles market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

The reports might be useful:

- Aircraft Fabricated Seals Market: https://webyourself.eu/blogs/1653992/Aircraft-Fabricated-Seals-Market-Ensuring-Safety-and-Efficiency-in-Aerospace

- Aircraft Fuel Tank Inerting System Market: https://news909.livepositively.com/aircraft-fuel-tank-inerting-system-market-enhancing-flight-safety-through-advanced-inert-gas-technologies/new=1

- Aerospace Metal Matrix Composites Market: https://www.friend007.com/read-blog/267233

400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.