Global Fiberglass Fabric Market, By Fiber Type (E-Glass, A-Glass, C-Glass, D-Glass, S-Glass, Others), Fabric Type (Woven, Non-Woven), Application (Wind Energy, Transportation, Electrical and Electronics, Marine, Construction, Aerospace and Defense, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Fiber Type (E-Glass, A-Glass, C-Glass, D-Glass, S-Glass, Others), Fabric Type (Woven, Non-Woven), Application (Wind Energy, Transportation, Electrical and Electronics, Marine, Construction, Aerospace and Defense, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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 Tong Textile Co., Ltd (China), Auburn Manufacturing, Inc. (U.S.), BGF Industries, Inc. (U.S.), Nitto Boseki Co., Ltd. (Japan), Saint-Gobain (France), Hexcel Corporation (U.S.), TEI Composites Corporation (Japan), Fibre Glast Developments Corp.(U.S.) and Porcher Industries (Germany)
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Market Opportunities
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Market Definition
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.
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:
Drivers
- 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.
Opportunities
- 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.
Restraints/Challenges
- High Costs
The fiber production process is very lengthy and difficult as time-consuming and labor-intensive manufacturing methods such as Vacuum Assisted Transfer Molding (VARTM) and autoclaving are used in the procedure. It also necessitates a significant amount of energy. The cost of energy alone accounts for a significant portion of the total cost of fiber production. Given that composite manufacturing is a highly specialized field, labor is practically prohibitively expensive. The same can be said about machining. Owing to the high cost of the furnace and other machinery, the product is highly capital-intensive. The higher the product's sophistication, the higher the labor and machining costs. As a result, handling raw materials and final products necessitates skilled labor, raising production costs.
- Disadvantage of Fiberglass Fabric
Fiberglass fabric has a number of drawbacks, including the need to re-gel coat every five years and the possibility of airborne fibers, which can be problematic for asthmatics. This factor is estimated to hinder the market growth.
- Uncertain Wind Energy Market
Also, the uncertainty of the wind energy market will prove to be a demerit for the fiberglass fabric market. Therefore, this will challenge the fiberglass fabric market growth rate.
This fiberglass fabric market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fiberglass fabric market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fiberglass Fabric Market
The recent outbreak of coronavirus had a negative impact on the fiberglass fabric market as all building and construction activities have been halted until the pandemic has passed, and no new orders or existing order production can be completed. Furthermore, the COVID-19 pandemic is wreaking havoc on the aviation industry. The production of aircraft has been halted, resulting in a significant drop in the total aerospace sector. By the end of 2025, global demand for short-haul sized aircraft is expected to drop by 15% (around 1,500 fewer aircraft out of 10,000) and by 30 - 65 percent for long-haul sized craft, according to Welsh Government services and information (around 600 - 1,300 fewer aircraft out of 2,000).
On the brighter side, the market began to gain traction as the various regulatory bodies begin to relax these enforced lockdowns. As a result of the suspended and cancelled operations, the market is expected to expand.
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.
Fiber Type
- E-Glass
- A-Glass
- C-Glass
- D-Glass
- S-Glass
- Others
Fabric Type
- Woven
- Non-Woven
Application
- Wind Energy
- Transportation
- Electrical and Electronics
- Marine
- Construction
- Aerospace and Defense
- Others
Fiberglass Fabric Market Regional Analysis/Insights
The fiberglass fabric market is analyzed and market size insights and trends are provided by country, fiber type, fabric type 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 fiberglass fabric 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 increased manufacturing and construction activities due to various government initiatives.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the continuous investments coupled with the highly developed electronics and construction sector in the region.
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.
Competitive Landscape and Fiberglass Fabric Market Share Analysis
The fiberglass fabric market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fiberglass fabric market.
Some of the major players operating in the fiberglass fabric market are
- 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 Tong Textile Co., Ltd (China)
- Auburn Manufacturing, Inc. (U.S.)
- BGF Industries, Inc. (U.S.)
- Nitto Boseki Co., Ltd. (Japan)
- Saint-Gobain (France)
- Hexcel Corporation (U.S.)
- TEI Composites Corporation (Japan)
- Fibre Glast Developments Corp., (U.S.)
- Porcher Industries (Germany)
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