Fiberglass Fabric Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | < 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fiberglass Fabric Market Analysis
The market for fiberglass fabric is expected to register a CAGR of approximately 6% globally during the forecast period.
- Increasing applications for high-temperature-resistant textiles and growing demand from the electronics and construction sectors for various applications are driving the market growth.
- The high cost of production is expected to hinder the market growth.
Fiberglass Fabric Market Trends
This section covers the major market trends shaping the Fiberglass Fabric Market according to our research experts:
Growing Demand for High-Temperature Resistance Applications
- Fiberglass Fabric has been increasingly used as high thermal insulation material in various applications, such as tonneau covers, body panels, architectural decorative parts, door skins, wind blades, protection, boat hulls, electrical housings among others.
- Fiberglass Fabrics are also used as insulation blankets and pads in the insulation industry because of their excellent thermal properties. These fabrics are also chemical resistant and have high dielectric strength.
- As fiberglass fabric is high-temperature and water-resistant, marine and defense use fiberglass fabrics for flange shield material production purposes. Fiberglass fabrics are also used in electronics in PCBs manufacturing due to their properties, such as electrical resistance and electric insulation.
- The construction industry has been primarily witnessing the application of these fabrics for insulation purposes. These fabrics are being used in composite walls, insulation screens, baths and shower stalls, roofing panels, architectural decorative parts, cooling tower components, and door skins.
- Increasing temperatures, growing corrosion resistance applications, innovative applications in the aerospace and marine sectors are driving the demand for fiberglass fabric in recent times.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market, owing to the highly developed electronics and construction sector, coupled with the continuous investments done in the region to advance the wind energy sector over the years.
- The growth for woven fiberglass fabrics from end-users in Asia-Pacific is primarily because of properties offered by fiberglass fabrics, such as high tensile strength, high heat resistance, fire resistance, good thermal conductivity and chemical resistance, excellent electrical properties, and durability.
- Fiberglass fabrics are being used in civil engineering for insulation and coverage purposes. Majorly, it helps in the uniformity of the surface structure, wall reinforcement, fire and heat resistance, noise reduction, and environment protection.
- China, Singapore, South Korea, and India witnessed major growth in the construction industry in recent years. According to the Ministry of Trade and Industry, Singapore, the construction industry has seen positive growth in recent years, owing to expansions in the residential sector.
- The growing construction sector in developing countries, increasing applications for insulation fabrics, and increasing environmental awareness among people in Asia-Pacific are expected to drive the market for fiberglass fabrics over the years to come.
Fiberglass Fabric Industry Overview
The global fiberglass fabric market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Saint-Gobain SA, Owens Corning, Hexcel Corporation, Jushi Group Co. Ltd, and Central Glass Co. Ltd, among others.
Fiberglass Fabric Market Leaders
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Saint-Gobain S.A
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Owens Corning
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Hexcel Corporation
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Jushi Group Co. Ltd
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Central Glass Co
*Disclaimer: Major Players sorted in no particular order
Fiberglass Fabric Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications for High Temperature Resistant Textiles
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4.1.2 Growing Demand from Electronics and Construction Sectors
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4.2 Restraints
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4.2.1 High Cost of Production
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Fiber Type
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5.1.1 A-Glass
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5.1.2 C-Glass
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5.1.3 D-Glass
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5.1.4 S-Glass
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5.1.5 Other Fiber Types
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5.2 Fabric Type
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5.2.1 Woven Fiberglass Fabric
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5.2.2 Non-woven Fiberglass Fabric
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5.3 Application
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5.3.1 Automotive and Aerospace
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5.3.2 Building and Construction
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5.3.3 Wind Energy
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5.3.4 Electrical and Electronics
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5.3.5 Marine
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5.3.6 Other Applications
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 France
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BGF Industries Inc.
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6.4.2 Central Glass Co. Ltd
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6.4.3 Fulltech Fiber Glass Corp
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6.4.4 Hexcel Corporation
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6.4.5 Jushi Group Co. Ltd
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6.4.6 Mid-Mountain Materials Inc.
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6.4.7 Owens Corning
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6.4.8 Saertex GmbH & Co.Kg
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6.4.9 Saint-Gobain SA
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6.4.10 Taiwan Electric Insulator Co. Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand for Waterproof Surfaces
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7.2 Other Opportunities
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Fiberglass Fabric Industry Segmentation
The fiberglass fabric market report includes:
Fiber Type | |
A-Glass | |
C-Glass | |
D-Glass | |
S-Glass | |
Other Fiber Types |
Fabric Type | |
Woven Fiberglass Fabric | |
Non-woven Fiberglass Fabric |
Application | |
Automotive and Aerospace | |
Building and Construction | |
Wind Energy | |
Electrical and Electronics | |
Marine | |
Other Applications |
Geography | |||||||
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Fiberglass Fabric Market Research FAQs
What is the current Fiberglass Fabric Market size?
The Fiberglass Fabric Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Fiberglass Fabric Market?
Saint-Gobain S.A, Owens Corning , Hexcel Corporation , Jushi Group Co. Ltd and Central Glass Co are the major companies operating in the Fiberglass Fabric Market.
Which is the fastest growing region in Fiberglass Fabric Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fiberglass Fabric Market?
In 2024, the Asia Pacific accounts for the largest market share in Fiberglass Fabric Market.
What years does this Fiberglass Fabric Market cover?
The report covers the Fiberglass Fabric Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fiberglass Fabric Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fiberglass Fabric Industry Report
Statistics for the 2024 Fiberglass Fabric market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Fiberglass Fabric analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.