The Fiberglass Fabric market is expected to grow at 6.7% CAGR from 2023 to 2029. It is expected to reach above USD 17.42 billion by 2029 from USD 10.37 billion in 2022.
A fluorinated synthetic fluid with a low molecular weight is fiberglass fabric (PFPE). In its unaltered state, fiberglass cloth is non-toxic and inflammable. It is used at extreme temperatures between 80°C and 200°C. Depending on the application, PFPE's molecular structure may be linear, branched, or both. PFPE offers temperature resistance, lubricity, wear resistance, and fluid volatility. Due to the exceptional characteristics of fiberglass fibers, such as their strong electrical resistance and electric insulation, high-pressure inserts for printed circuit boards can be reinforced with these fibers (PCBs). Fiberglass textiles are in great demand across a range of application industries as a result of the extensive use of these PCBs in computers, modems, consumer electronics, cars, and communications products.
Glass fiber, a crucial raw material, is bought from one supplier or a limited set of vendors to guarantee consistency in fabric quality. Producers must continuously improve, uphold high standards for their goods, and integrate throughout the supply chain if they want to keep their customers. This occurs as a result of the rising need for stronger, lighter fiberglass. According to the quantities of the raw elements used to create it, fiberglass can be divided into the following main types: Alkali glass, often known as a-glass, is chemically resistant. A-glass fiber is made of the same materials as window glass. In some countries, it serves as a part of processing machinery. S-glass is known for its mechanical properties.
Due to its excellent tensile strength, temperature resistance, and dimensional stability, fiberglass is frequently used in front and rear bumpers, hoods, doors, casings, timing belts, and V-belts. OICA estimates that in 2018, the production of light commercial vehicles in the APAC area increased by 10.2%. Also, to retain the composite's integrity in a hot and abrasive environment, woven fiberglass textiles are used to reinforce automobile components like clutch discs and brake pads. As a result, increased automation will increase the need for fiberglass fabric, which will fuel the growth of the fiberglass fabric market throughout the course of the forecast period.
The market is expected to be driven by the rising demand for a variety of woven fibers, including plain, twill, satin, basket, and leno, that meet the needs of application industries in terms of flexibility and strength. The development of the market has also been aided by the modernization of technologies to fulfil the technical specifications of various grades of fiberglass fabric that are industry-specific.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (kilotons) |
| Segmentation | by Fiber Type, by Fabric Type, by application, by region |
| By Fiber Type
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| BY Fabric Type
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| By Application
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| By Region
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The use of fiberglass in both 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 commonly utilized in aircraft to increase flight range, increase fuel efficiency, and reduce weight (up to 20% less than aluminum). China was the second-largest global market for civil aerospace and aviation services in 2019 and one of the markets with the quickest growth rates, according to the International Trade Administration (ITA).
The production of fiber is particularly time-consuming and difficult because it uses labor- and time-intensive manufacturing procedures including vacuum assisted transfer molding (VARTM) and autoclaving. In addition, a lot of energy is required. The cost of energy alone accounts for a sizeable portion of the overall cost of fiber production. In the highly specialized industry of composite manufacturing, labor is practically unaffordable. Due to the high cost of the furnace and related equipment, the product necessitates a large capital expenditure. With product sophistication, labor and machining costs rise. Production costs rise because skilled workers are needed to handle both raw materials and finished goods.
In the projection period of 2022 to 2029, the market players will have lucrative opportunities due to the development of new technologies to enhance product quality for high-tech aerospace, defense, and electronics applications. The market for fiberglass fabric will continue to rise in the future as a result of the market participants' expanding R&D efforts. In addition, the demand for fiberglass fabric is rising across a range of end-use sectors, including chemical, aerospace and defense, automotive, building and construction, wind energy, and others. Fiberglass fabrics are highly sought-after in a wide range of sectors due to their broad range of qualities, including high tensile strength, dimensional stability, high heat resistance, fire resistance, great thermal conductivity, superior chemical resistance, and more. The market for fiberglass fabrics is anticipated to grow throughout the projected period due to the fact that these fabrics are frequently utilized in electrical and electronic applications and have lightweight, electrical, and durable qualities.
The recent coronavirus outbreak had a negative impact on the fiberglass fabric industry because it was unable to fulfill any orders that had already been placed or accept any new ones because all building and construction activities had to be suspended until the pandemic was over. The aviation industry is also suffering greatly as a result of the COVID-19 outbreak. The suspension of aircraft production had a significant negative impact on the entire aerospace sector. Welsh Government services and information predict that by the end of 2025, demand for short-haul sized aircraft will fall by 15% . Post pandemic the market has begun to gain attraction as restrictions are released. Hence the market is expected to expand.
The Fiberglass Fabric market size was 10.37 USD Billion in the year 2021 and expected to grow at a rate of 6.7 CAGR to 17.42 USD Billion in 2029.
Asia Pacific region held more than 55% of the Fiberglass Fabric market revenue share in 2021 and will witness expansion in the forecast period.
Increased utilization within automotive sector and expansion of aerospace industries are the main driving force of the market.
The Fiberglass Fabric market key players include Everlast Composites Pvt. Ltd., Owens Corning, Jushi Group Co. Ltd., Magnus Composites Synergies Pvt. Ltd., U P Twiga Fiberglass Ltd., SAERTEX GmbH & Co.KG, Saint-Gobain Performance Plastics Corporation, Tah Tong Textile Co. Ltd., Taiwan Electric Insulator Co. Ltd., Valutex Reinforcements Inc.
Based on the application of fiberglass fabrics market is segmented into aerospace & defense, construction, electrical & electronics, marine, transportation, wind energy. Construction segment dominated the market due to increase in the demand for construction and architectural projects. Because of the benefits of the product such as withstanding longitudinal and transverse load and chemical and corrosion resistance , the demand is growing in this industry.
Asia-Pacific is predicted to control the global market due to the region's highly developed electronics and construction industries, as well as ongoing expenditures made there to progress the wind energy industry throughout time. The increased demand for woven fiberglass fabrics from end users in the Asia-Pacific region is largely attributable to the qualities that fiberglass fabrics offer, including their high tensile strength, high heat resistance, fire resistance, good thermal conductivity and chemical resistance, excellent electrical properties, and durability.
The fiberglass fabric market is segmented based on fiber type, fabric type application and region.
Based on fiber type market is segmented into E-glass, S-glass and others. S-glass accounts for a higher market share. It offers higher tensile and comprehensive strength, flexural modulus and higher abrasion resistance as compared to other glasses. This is major factor contributing the segment growth in application industries.
On the basis of fabric type market is sub segmented into woven and nonwoven. The fiberglass fabric market was dominated by the woven category, which brought in slightly over 58.0% of the total revenue. Performance-wise, woven glass cloth is superior to nonwoven varieties. It can offer a number of structural benefits and is made from chopped strand mats. It possesses high tear strength and is majorly used in construction applications.
Based on the application of fiberglass fabrics market is segmented into aerospace & defense, construction, electrical & electronics, marine, transportation, wind energy. Construction segment dominated the market due to increase in the demand for construction and architectural projects. Because of the benefits of the product such as withstanding longitudinal and transverse load and chemical and corrosion resistance , the demand is growing in this industry.
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The Fiberglass Fabric market key players include Everlast Composites Pvt. Ltd., Owens Corning, Jushi Group Co. Ltd., Magnus Composites Synergies Pvt. Ltd., U P Twiga Fiberglass Ltd., SAERTEX GmbH & Co.KG, Saint-Gobain Performance Plastics Corporation, Tah Tong Textile Co. Ltd., Taiwan Electric Insulator Co. Ltd., Valutex Reinforcements Inc.
December 19, 2022: SAERTEX is undertaking a worldwide reorganization of its capacities for producing technical textiles made of glass and carbon fibers. Additional capacities for making lightweight carbon fiber fabrics are being created at the two German sites within the company’s global production network.
September 06, 2022: SAERfoam for Wind is a further development of the previous SAERfoam materials – especially for use in rotor blade construction. A solid addition in the one-stop shopping approach for the wind industry with many advantages.
The Fiberglass Fabric market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
Asia-Pacific is predicted to control the global market due to the region's highly developed electronics and construction industries, as well as ongoing expenditures made there to progress the wind energy industry throughout time. The increased demand for woven fiberglass fabrics from end users in the Asia-Pacific region is largely attributable to the qualities that fiberglass fabrics offer, including their high tensile strength, high heat resistance, fire resistance, good thermal conductivity and chemical resistance, excellent electrical properties, and durability.
Europe provided slightly more than 25.0% of the worldwide revenue in the same year due to the availability of raw materials, production facilities, and the presence of important application industry players. A substantial portion of the region's sales was accounted for by established economies including Germany, the United Kingdom, and France due to the product's extensive penetration in the construction and aerospace industries.
Central and South America is anticipated to experience a CAGR of 7.3% in terms of revenue over the forecast period due to the rapid growth of the electrical and electronics, aerospace and defense, and wind power generating industries. Turbine manufacturing is growing in Brazil and Argentina as a result of increased generation of renewable energy, which is anticipated to boost regional market expansion.
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