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1st August 2017, London

Fibreglass fabrics to reach $13.48 billion

The global fiberglass fabric market is projected to reach US$ 13.48 billion by 2022. The global fiberglass fabric market is projected to reach US$ 13.48 billion by 2022, at a CAGR of 7.62% from 2017 to 2022, according to the latest report, published by ReportBuyer. The report, called Fiberglass Fabric Market by Fiber Type, Fabric Type, Application, and Region - Global Forecast to 2022, covers the global fiberglass fabric market and forecasts the market size till 2022.

The key factor expected to drive the growth is the increasing demand for corrosion and heat resistant, lightweight, high strength materials from the wind energy, transportation, marine, and electrical and electronics applications. The high production cost of fiberglass fabrics is restraining the growth of the market, according to the report.

Based on fibre type, E-glass fabric is projected to be the fastest-growing in the fiberglass market by type, in terms of value. E-glass fibres are cost-efficient and offer a wide range of properties such as corrosion resistance, lightweight, high electrical insulation, moderate strength, and are the most widely used fibre type in the manufacture of fiberglass fabrics.

Woven fabrics

Woven fabrics are expected to lead the fiberglass fabric market, according to the report. Various types of woven fabrics include plain, twill, satin, weft knitted, wrap knitted, and others. These techniques are used as per requirements for applications in terms of strength and flexibility.

Moreover, the interlocked layers of woven fabrics help prevent delamination and therefore offer high impact resistance which is greater than that of multiaxial non-woven fabrics, thus driving the use of woven fabrics in various applications

Fastest-growing market

The Asia Pacific is expected to be the fastest-growing fiberglass fabric market during the forecast period, which is driven by the increasing use of fiberglass fabrics in the wind energy, electrical and electronics, transportation, and construction applications.

Also, while governments are increasing expenditures for sustainable energy, the infrastructural and manufacturing sectors too are expected to create higher demand for fiberglass fabric.

Report coverage

The report includes market segmentation on the basis of fibre type (E-glass, others), fabric type (woven and non-woven), application (wind energy, marine, transportation, construction, electrical and electronics, aerospace and defence, and others), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Porter's Five Force analysis, along with drivers, restraints, challenges, and opportunities of the market have been discussed in the report. The report also provides company profiles and competitive benchmarking adopted by the major players in the global fiberglass fabric market.

The report provides a comprehensive analysis and profiles of the following companies: Owens Corning (US), Gurit (Switzerland), Jushi Group Co., Ltd. (China), Chomarat Textile Industries (France), Saertex GmbH Co., & KG (Germany), Hexcel Corporation (US), Saint-Gobain (France), Tah Tong Textile Co., Ltd. (China), BFG Industries, Inc. (US), and Nitto Boseki Co., Ltd. (Japan).

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