Fiberglass Fabric Market by Product (E-Glass, S-Glass), Fabric Type (Non-Woven, Woven), Binder Type, Application - Global Forecast 2024-2030

Fiberglass Fabric Market by Product (E-Glass, S-Glass), Fabric Type (Non-Woven, Woven), Binder Type, Application - Global Forecast 2024-2030

The Fiberglass Fabric Market size was estimated at USD 14.99 billion in 2023 and expected to reach USD 16.10 billion in 2024, at a CAGR 7.59% to reach USD 25.03 billion by 2030.

Fiberglass fabric is a material made from extremely fine fibers of glass and is widely used in various applications, including but not limited to aerospace, automotive, marine, and construction industries. It is prized for its high tensile strength, durability, resistance to heat and corrosion, and its lightweight nature. The growth in the utilization of fiberglass fabric is primarily driven by its increasing demand in the construction and automotive industries, where it is used for insulation and as a component in composite materials. The aerospace sector's need for lightweight and strong materials for better fuel efficiency significantly contributes to product expansion. Additionally, advancements in technology that improve the quality and functionalities of fiberglass fabric are propelling market growth. However, the adoption of fiberglass fabric faces challenges, including the high cost of production, environmental concerns related to its disposal, and the health risks associated with fiberglass dust. Furthermore, alternatives such as carbon fiber materials, which offer similar or superior qualities, pose competition to the market. Opportunities for fiberglass fabric lie in developing innovative and eco-friendly manufacturing processes that reduce costs and environmental impact. Expanding applications in renewable energy systems, such as wind turbines, and the ongoing research in enhancing the properties of fiberglass fabric for better performance and functionalities also present significant growth opportunities.

Regional Insights

The Americas region, particularly the U.S. and Canada, is characterized by the presence of a robust and highly developed aerospace industry, which has accentuated the need for fiberglass fabrics. There is a trend toward adopting lighter and more durable materials in the transportation and construction sectors to improve performance and reduce carbon footprints. Recent patents in the U.S. reflect a focus on enhancing the properties of fiberglass fabrics to meet these needs. The APAC region represents a significant contributor to the global demand for fiberglass fabric, with China and India being the key regions. The region's use of fiberglass fabric is primarily driven by the strong growth in construction, automotive, and electrical & electronics industries. In China, government initiatives focusing on new infrastructural projects and the expansion of renewable energy sources have led to increased demand for high-performance materials. Additionally, India is experiencing growing investments in infrastructure and expanding automotive manufacturing capabilities. The European Union's stringent regulations regarding energy conservation and reduction of greenhouse emissions have a profound impact on the fiberglass fabric market. There is a high demand for high-quality, certified fiberglass fabrics that can be used in energy-efficient designs, especially in the building and industrial sectors. Advanced research initiatives in the EU aim at improving the recyclability and environmental impact of fiberglass products. Middle East's highly advanced oil and gas industry demands the use of fiberglass fabrics, which are used due to their resistance to corrosion and durability.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fiberglass Fabric Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Need for lightweight and durable components across the automotive and aerospace sector
Expansion of the construction sector and investments in infrastructure development projects
Extensive applications in the renewable energy sector across the world

Market Restraints

Technical limitations and environmental concerns associated with fiberglass fabrics

Market Opportunities

Innovations to improve the production and recycling of fiberglass fabrics
Advancements in the composite material of fiberglass fabric

Market Challenges

Difficulties in working with fiberglass fabrics and its components

Market Segmentation Analysis

Product: Growing usage of e-glass for fibrous reinforcements due to its low-cost
Application: Expansion of the construction sector across the world and need for robust components for infrastructure projects

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fiberglass Fabric Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fiberglass Fabric Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Owens Corning Acquires Two Saint-Gobain Divisions

Owens Corning fortified its place at the forefront of the glass reinforcements and composites sector by strategically acquiring Saint-Gobain's Reinforcements and Composite Fabrics businesses for USD 640 million. This move has secured the necessary endorsements from European and United States regulatory bodies, marking a significant leap in Owens Corning's global expansion. The acquisition propels the company's presence to the next level by integrating 20 manufacturing facilities and assimilating over 4,500 experienced employees into its operations.

Ilium Composites Introduces ULTImat Fire-Resistant Fiberglass

Ilium Composites enhanced its ULTImat glass fiber collection with an innovative addition of the ULTImat FR. This advanced fire-retardant fiberglass reinforcement stands out due to its multi-layered composition. The ULTImat FR is versatile, aligning with all popular closed mold processes, and meets stringent fire safety criteria, thereby setting a new benchmark for composite surfaces that demand both safety and aesthetics. This product exemplifies Ilium Composites' commitment to cutting-edge solutions that address critical industry needs.

Deyang Yaosheng Launches New Prepreg Glass Fiber Fabric for High-Performance Applications

Deyang Yaosheng Composite Material Co., Ltd. launched its state-of-the-art product, a cutting-edge prepreg glass fiber fabric tailored for high-performance applications. This innovative material promises to revolutionize the market by offering unparalleled quality. The fabrication involves meticulously saturating glass fiber fabric with a specialized resin system, carefully calibrated to ensure thorough impregnation and uniform resin distribution. As a result, customers can anticipate a top-tier solution that surpasses existing standards, delivering enhanced functionality for the most demanding projects.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fiberglass Fabric Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Fiberglass Fabric Market, highlighting leading vendors and their innovative profiles. These include ACP Composites, Inc., Asahi Kasei Corporation, Auburn Manufacturing, Inc.,, BASF SE, BGF Industries, Inc., Central Glass Co., Ltd., China Jushi Co., Ltd., Chomarat Group, Compagnie de Saint-Gobain S.A., CS Hyde Company, Davlyn Group, Deyang Yaosheng Composite Material Co., Ltd., DuPont de Nemours, Inc., Evonik Industries AG, Fibre Glast Developments Corp., Fothergill Group, Fulltech Fiber Glass Corporation, Gurit Holding AG, Hexcel Corporation, JPS Composite Materials, Mid-Mountain Materials Inc., Nitto Boseki Co., Ltd., Owens Corning, Parabeam BV, Porcher Industries SA, Rock West Composites, Inc., SAERTEX GmbH & Co.KG, Tah Tong Textile Co., Ltd., TEI Composites Corporation, ValuTex Reinforcements Inc., and Zhenshi Holding Group Co.,Ltd.

Market Segmentation & Coverage

This research report categorizes the Fiberglass Fabric Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
E-Glass
S-Glass
Fabric Type
Non-Woven
Woven
Binder Type
Acrylic Binders
Epoxy Binders
Phenolic Binders
Polyester Binders
Silane-Based Binders
Styrene-Based Binders
Urethane Binders
Application
Aerospace & Defense
Building & Construction
Commercial Building
Engineered Construction
Industrial Building
Institutional Building
Residential Building
Electric & Electronics
Marine
Transportation
Wind Energy
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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