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The fiberglass fabrics market size is estimated to grow by USD 2.83 billion at a CAGR of 7.5% between 2023 and 2028. The market is witnessing significant growth due to innovations in raw materials, leading to the production of lighter and stronger fabrics. Another trend driving market growth is the development of multi-axial fiberglass fabrics, which offer superior strength and flexibility. However, the high costs of manufacturing fiberglass fabric remain a major challenge for market growth. Producers are exploring ways to reduce manufacturing costs through automation and economies of scale. Additionally, increasing demand for fiberglass fabrics in various end-use industries, such as automotive, construction, and wind energy, is expected to boost market growth in the coming years.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market share growth by the construction segment will be significant during the forecast period. Fiberglass fabrics, derived from glass fiber, play a pivotal role in various industries due to their exceptional properties such as electrical resistance and insulation. These fabrics find extensive applications in consumer electronics, particularly in high-pressure laminates used for printed circuit boards. The lightweight and high-performance nature of fiberglass fabrics makes them suitable for aerospace and defense applications, including military and civil aviation.
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The construction segment accounted for USD 2.17 billion in 2018. In the automotive sector, fiberglass fabrics are utilized for manufacturing lightweight materials for vehicle bodies and components. Fiberglass fabrics exhibit excellent thermal insulation properties, making them ideal for use in clean energy projects, such as solar panels and wind turbines. The composite nature of fiberglass fabrics offers chemical resistance, making them suitable for use in construction applications. The supply chain for fiberglass fabrics involves the production of raw materials, weaving processes using various weaves such as plain weave, basket weave, twill weave, satin weave, and leno weave, and the conversion of woven fabrics into non-woven fabrics. E-Glass fiber is a popular type of fiberglass used for its enhanced electrical and electronics properties. The fiberglass fabric market is driven by the increasing demand for energy-intensive processes and the need for recycling and sustainable solutions. Additionally, fiberglass fabrics find applications in various industries, including aerospace and defense, automotive, and construction projects.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Fiberglass fabrics, a vital component in various industries, are renowned for their exceptional properties such as high load-bearing capacity, electrical insulation, corrosion resistance, and fire-retardant properties. However, with increasing production comes the challenge of disposal and end-of-life management. Recycling methods are being explored to minimize waste and promote sustainability.
Furthermore, advanced coatings and the use of recycled materials and sustainable materials like E-Glass are gaining popularity in the wind energy sector for manufacturing wind turbine blades. Smart textiles and functional textiles, including those with embedded sensors, are also being developed, enhancing their applications in the automotive, aerospace and defence, and construction sectors. The wind energy, transportation, electrical and electronics, and construction industries are significant consumers of fiberglass fabrics due to their superior properties. Non-woven and woven fabrics find extensive use in marine structures and automotive components, respectively. The future of fiberglass fabrics lies in their continued innovation, with a focus on improving their fire-retardant properties, load-bearing capacity, and integration with technology, such as embedded sensors for enhanced functionality.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3B the fiberglass Co. - The company offers fiberglass fabrics which is used in the automotive and wind industries.
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Market structure |
Fragmented |
YoY growth 2023-2024 |
7.1 |
The market is experiencing significant growth due to the increasing demand for lightweight materials in various industries. Fiberglass fabrics, made from glass fiber, are widely used in electrical and electronics, aerospace and defense, and automotive sectors. These fabrics offer excellent electrical resistance and insulation properties, making them ideal for high-pressure laminates and printed circuit boards in consumer electronics. The composite nature of fiberglass fabrics provides superior thermal conductivity and chemical resistance, making them suitable for use in construction projects and energy-intensive processes. Woven fabrics, including plain weave, basket weave, twill weave, satin weave, and leno weave, are popular choices for their strength and versatility. E-glass fiber is a common type of fiber used in the production of fiberglass fabrics due to its excellent electrical properties. The lightweight nature of fiberglass fabrics also makes them an attractive alternative to traditional materials in various industries. However, the disposal and end-of-life management of fiberglass fabrics remain challenges due to their composite nature. The fiberglass fabric market is expected to grow due to the increasing demand for lightweight materials and the versatility of fiberglass fabrics in various industries. The supply chain for fiberglass fabrics involves the production of fiber, weaving, and finishing processes. Recycling efforts are also underway to address the disposal challenges associated with fiberglass fabrics. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Innovations in raw materials is notably driving market growth. The market is witnessing notable innovations in high-pressure laminates, driven by the development of new, low-viscosity resins. These advanced resins offer improved electrical resistance and ease of use, making them ideal for various industries such as Consumer Electronics, Aerospace and Defense, Automotive Sector, and Construction. For instance, a recent innovation is a one-part curable resin with a very low viscosity of 50 mPa-s at 25 degrees centigrade, which can be stored at room temperature. This eliminates the need for a mixing process, simplifying material storage management and ensuring consistent product quality. Fiberglass fabrics, made from glass fiber, are widely used for electrical insulation and thermal insulation in various applications.
Furthermore, the market comprises various fiberglass fabric types, including woven fabrics in plain weave, basket weave, twill weave, satin weave, and leno weave, as well as non-woven fabrics. High-performance biomaterials, are increasingly being used due to their chemical resistance, lightweight nature, and thermal conductivity. The Fiberglass Fabric Market is expanding in sectors like Clean Energy, Military applications, and Aerospace applications, due to the demand for lightweight materials and energy-intensive processes. The market is also exploring opportunities in recycling and composite materials to reduce raw material costs and promote sustainability. Despite these advancements, challenges such as energy-intensive production processes remain. However, ongoing research and development efforts are expected to address these challenges and drive market growth.
The development of multi-axial fiberglass fabrics is the key trend in the market. The market is experiencing notable growth due to the emergence of advanced fiberglass fabric types, such as high-pressure laminates and non-woven fabrics. These innovations are significantly impacting various industries, including Electrical and Electronics, Aerospace and Defense, Automotive Sector, and Construction, by expanding the electrical resistance, thermal insulation, chemical resistance, and lightweight properties of fiberglass fabrics. For instance, the introduction of non-stitched multiaxial non-crimp fabrics (NCFs), like Stratos, is revolutionizing sectors such as automotive, marine, and sporting goods. Stratos, a non-stitched multiaxial NCF, utilizes an innovative adhesive to hold fiber layers in place instead of stitching.
Furthermore, this approach maintains the mechanical properties and alignment of the fibers, providing the same stability as stitching without compromising the fibers' performance. Other fiberglass fabric types, such as woven fabrics in plain weave, basket weave, twill weave, satin weave, and leno weave, continue to dominate the market due to their high-performance characteristics. The market is expected to grow significantly due to the increasing demand for high-performance materials in clean energy, military applications, aerospace applications, and energy-intensive processes. Additionally, the focus on recycling and the composite nature of fiberglass fabrics further enhances their appeal. However, raw material costs remain a significant challenge for market growth. Thus, such trends will shape the growth of the market during the forecast period.
High costs of manufacturing fiberglass fabric is the major challenge that affects the growth of the market. The market faces rising production costs, primarily due to the escalating expenses of raw materials, particularly industrial sand and gravel. These essential elements are integral to the manufacturing process of fiberglass fabrics, which are in high demand for various industries, including High-pressure laminates, Printed circuit boards, Consumer electronics, and Aerospace applications. Key states contributing significantly to this production include Texas, Wisconsin, Illinois, Louisiana, Oklahoma, Missouri, Arkansas, Michigan, California, and Iowa.
Furthermore, the high demand for fiberglass fabrics, driven by their unique properties such as electrical resistance, thermal insulation, and chemical resistance, necessitates the use of high-performance materials. These materials, along with the energy-intensive production processes, further contribute to the industry's production costs. Additionally, the composite nature of fiberglass fabrics, which combines glass fiber with fabric, results in various fabric types, including woven fabrics (plain weave, basket weave, twill weave, satin weave, leno weave) and non-woven fabrics, catering to diverse applications in the Electrical and Electronics, Aerospace and Defense, Automotive Sector, Construction Projects, and clean energy industries. Despite these challenges, the Fiberglass Fabric Market continues to grow, driven by the increasing demand for lightweight materials, thermal conductivity, and chemical resistance. The industry's focus on recycling and sustainable practices also offers opportunities for cost reduction and market expansion. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The fiberglass fabrics market is witnessing significant growth due to the increasing demand for high-performance materials in various industries. Fiberglass fabrics, made from glass fiber, are widely used in high-pressure laminates, printed circuit boards, and consumer electronics for their excellent electrical resistance and insulation properties. These fabrics offer lightweight solutions for electrical and electronics applications, making them ideal for use in the aerospace and defense sector, automotive industry, and clean energy projects.
Furthermore, fiberglass fabrics come in various types, including woven fabrics such as plain weave, basket weave, twill weave, satin weave, and leno weave, as well as non-woven fabrics. E-glass fiber is commonly used due to its high chemical resistance and low thermal conductivity. The supply chain for fiberglass fabrics involves raw material costs, manufacturing processes, and end-use industries. The market for fiberglass fabrics is expected to grow due to the increasing demand for lightweight materials in energy-intensive processes and the recycling of fiberglass fabrics for sustainable manufacturing practices. Fiberglass fabrics are also used in construction applications for thermal insulation and chemical resistance, making them a versatile solution for various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
211 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.5% |
Market growth 2024-2028 |
USD 2839.2 million |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Germany, Canada, Japan, UK, France, Spain, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3B the fiberglass Co., AGY Holding Corp., ASAHI FIBER GLASS Co. Ltd., BGF Industries Inc., Central Glass Co. Ltd., China Jushi Co. Ltd., Compagnie Chomarat, Compagnie de Saint-Gobain S.A., Hexcel Corp., Johns Manville, Nippon Electric Glass Co. Ltd., Owens Corning, P-D Glasseiden GmbH Oschatz, Porcher Industries, SAERTEX GmbH and Co.KG, Sinoma Science and Technology Co. Ltd., Taiwan Glass Ind. Corp., ValuTex Reinforcements Inc., and Yuntianhua Group Co. Ltd. |
Market dynamics |
Parent market analysis, market forecasting, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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