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998451

Global Fiberglass Fabric Market - 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Fiberglass Fabric Market - 2020-2027
Published: April 3, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents
Description

Market Overview

The global fiberglass fabric market size was worth USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).

Fiberglass fabric is an inorganic, non-metallic material commonly derived from natural materials such as quartz, sand, limestone, kaolin and dolomite and others. Fiberglass fabrics exhibit properties such as high tensile strength, heat resistance, insulation, thermal conductivity and chemical resistance and durability. Because of these properties, fiberglass fabrics are extensively used in the uniformity of the surface structure, wall reinforcement, fire and heat resistance, noise reduction and many others.

Also, fiberglass fabrics are used in electronics in PCBs manufacturing due to their properties of electrical resistance and electric insulation. High-temperature resistance, growing corrosion resistance applications, innovative applications in the wind energy, aerospace and marine sectors are expected to increase the demand for fiberglass fabric over the forecast period of 2020-2027.

Market Dynamics

Increasing demand of heat resistant fabric is expected to drive the fiberglass fabric market

High thermal insulation applications such as welding protection, oven curtains, expansion joints, high-temperature gaskets, slow cooling blankets for foundries, gloves and other high-temperature personal protective equipment require heat-resistant materials to withstand the temperature. Fiberglass fabric serves as the go-to material for industrial heat protection from welding cloth to fabricated parts. Standard fiberglass fabric provides excellent protection in applications up to 1000°F/550°C. Moreover, fiberglass fabrics are also chemical resistant and have high dielectric strength.

Fiberglass fabrics are also used in electronics in PCBs manufacturing due to their properties, such as electrical resistance and electric insulation. Increasing temperatures, growing corrosion resistance applications, and innovative applications drive fiberglass fabric demand over the forecast period.

High cost of production is anticipated to hinder the fiberglass fabric market growth

Composite materials like glass fiber are still more expensive than conventional products such as steel, aluminum, and wood. The production cost of composite fiber make up a large portion of the composite retail price. Glass fiber is an inorganic non-metallic material that requires chemical such as silica, aluminum oxide, calcium oxide, magnesium oxide, sodium oxide, boron oxide as raw materials. Also, glass fiber is made from crystal balls or waste glass that requires the processes of high-temperature founding, brushing, winding and weaving, significantly increasing the cost of production.

Segment Analysis

Based on application, the fiberglass fabric market is segmented into wind energy, building & construction, automotive & aerospace, electrical & electronics, marine and others.

The wind energy sector is expected to dominate the segment, owing to an increase in demand for renewable and sustainable energy

As per the "Future of Wind" published at China Wind Power, global wind power could increase ten-fold, reaching over 6000 GW by 2050. By mid-century, wind could cover one-third of global power needs. Moreover, wind energy and electrification could deliver a quarter of the energy-related carbon emission reductions needed to meet the Paris climate targets.

Fiberglass fabrics have been used in lightweight constructions for the globally rising wind energy industry, where they have been integrated into multiple wind energy applications. Fiberglass composite components such as fabric allow high strength at a low weight for cost-effective manufacturing of longer and efficient rotor blades for larger wind turbines. For instance, fiberglass biaxial fabric for wind energy provides faster fabrication of parts with better physical and mechanical properties. Also, Twisted fiberglass yarns and ZeroTwist® are used in lightweight constructions for the wind energy industry.

Geographical Analysis

Asia-Pacific dominates the fiberglass fabric market, owing to investments in wind energy and construction sector

Asia-Pacific is anticipated to dominate the market, owing to the highly developed electronics and construction sector and the continuous investments in the wind energy sector over the years. As per a report by the International Renewable Energy Agency (IRENA), Asia could grow its share for onshore wind from 230 Gigawatt in 2018 to over 2600 GW by 2050. By that time, the region would become a global leader in the wind energy sector, accounting for more than 50 percent of onshore and over 60 percent of offshore wind capacity installed globally.

Moreover, countries such as China, India, Singapore, and South Korea have seen significant construction industry growth. As per the Ministry of Trade and Industry of Singapore, the construction industry has witnessed growth in recent years due to the residential sector's expansions.

Henceforth, the growing construction sector in developing countries, coupled with increasing investments in the wind energy sector in Asia-Pacific, is projected to drive the market for fiberglass fabrics over the forecast period.

Competitive Landscape

The fiberglass fabric market is moderately competitive with presence of local as well as global companies. Key players operating in the market include Saint-Gobain S.A, Owens Corning, Hexcel Corporation, Jushi Group Co. Ltd, Central Glass Co, Gurit, U.S. Composites, Inc., Fibre Glast Developments Corp., Tah Tong Textile Co., Ltd., Auburn Manufacturing, Inc. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the fiberglass fabric market globally.

Saint-Gobain S.A

Overview: Saint-Gobain S.A is a French multinational company engaged in designing, manufacturing and distributing materials and solutions for construction, mobility, healthcare and other industrial application markets.

Product Portfolio: Saint-Gobain Vetrotex is the leading producer of textile fiberglass materials. The product range includes fiberglass yarns, beams, ZeroTwist®, textile chopped strands, texturized and voluminized yarns, C-Glass staple fiber yarns and direct roving.

Key Development:

  • In June 2020, Saint-Gobain Vetrotex purchased manufacturing facility, called Valmiera's in Dublin, GA. The new site will allow the company to strengthen presence in America and provide additional local support to customers-partners.

Why Purchase the Report?

  • Visualize the composition of the fiberglass fabric market segmentation by fiber type, fabric type, application and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in fiberglass fabric market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of fiberglass fabric market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global fiberglass fabric market report would provide an access to an approx. 61 market data table, 54 figures and 240 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Fiberglass Fabric Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Fiberglass Fabric Market - Market Definition and Overview

3. Global Fiberglass Fabric Market - Executive Summary

  • 3.1. Market Snippet by Fiber Type
  • 3.2. Market snippet by Fabric Type
  • 3.3. Market Snippet by Application
  • 3.4. Market Snippet by Region

4. Global Fiberglass Fabric Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Increasing demand of heat resistant fabric
    • 4.1.2. Restraints:
      • 4.1.2.1. High cost of production
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Fiberglass Fabric Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Fiberglass Fabric Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Fiberglass Fabric Market - By Fiber Type

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
  • 7.3. Market Attractiveness Index, By Fiber Type
    • 7.3.1. A-Glass*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. C-Glass
    • 7.3.3. D-Glass
    • 7.3.4. S-Glass
    • 7.3.5. Others

8. Global Fiberglass Fabric Market - By Fabric Type

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
  • 8.3. Market Attractiveness Index, By Fabric Type
    • 8.3.1. Woven Fiberglass Fabric*
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Non-woven Fiberglass Fabric

9. Global Fiberglass Fabric Market - By Application

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  • 9.3. Market Attractiveness Index, By Application
    • 9.3.1. Wind Energy*
      • 9.3.1.1. Introduction
      • 9.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 9.3.2. Building & Construction
    • 9.3.3. Automotive & Aerospace
    • 9.3.4. Electrical & Electronics
    • 9.3.5. Marine
    • 9.3.6. Others

10. Global Fiberglass Fabric Market - By Region

  • 10.1. Introduction
  • 10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
  • 10.3. Market Attractiveness Index, By Region
  • 10.4. North America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. U.S.
      • 10.4.6.2. Canada
      • 10.4.6.3. Mexico
  • 10.5. Europe
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. Germany
      • 10.5.6.2. U.K.
      • 10.5.6.3. France
      • 10.5.6.4. Italy
      • 10.5.6.5. Spain
      • 10.5.6.6. Rest of Europe
  • 10.6. South America
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.6.6.1. Brazil
      • 10.6.6.2. Argentina
      • 10.6.6.3. Rest of South America
  • 10.7. Asia Pacific
    • 10.7.1. Introduction
    • 10.7.2. Key Region-Specific Dynamics
    • 10.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
    • 10.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
    • 10.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.7.6.1. China
      • 10.7.6.2. India
      • 10.7.6.3. Japan
      • 10.7.6.4. Australia
      • 10.7.6.5. Rest of Asia Pacific
  • 10.8. Middle East and Africa
    • 10.8.1. Introduction
    • 10.8.2. Key Region-Specific Dynamics
    • 10.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fiber Type
    • 10.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fabric Type
    • 10.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.8.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

11. Global Fiberglass Fabric Market - Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Global Fiberglass Fabric Market- Company Profiles

  • 12.1. Saint-Gobain S.A*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Owens Corning
  • 12.3. Hexcel Corporation
  • 12.4. Jushi Group Co. Ltd
  • 12.5. Central Glass Co
  • 12.6. Gurit
  • 12.7. U.S. Composites, Inc.
  • 12.8. Fibre Glast Developments Corp.
  • 12.9. Tah Tong Textile Co., Ltd.
  • 12.10. Auburn Manufacturing, Inc.

LIST NOT EXHAUSTIVE

13. Global Fiberglass Fabric Market - Premium Insights

14. Global Fiberglass Fabric Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us