Fiberglass Fabric Market Size, Share, Trends, Demand, Growth and Opportunity Analysis
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The fiberglass fabric market has been around for decades and is now witnessing strong demand as the construction industry has emerged as the most active consumer of fiberglass fabric. Over the recent years, a number of new construction projects have begun in economically prosperous areas. Moreover, the advancements in several key end-use industries, demand for fibreglass fabric has been rising globally. In addition to this, the electrical and electronics industry has seen a large inflow of revenue as the fibreglass fabric is such an important component in the production of electronic devices, demand for it is expected to soar. Owing to these aforementioned factors, it is anticipated that the global fibreglass fabric market will generate massive revenues over the forecasted period.
Global Fiberglass Fabric Market was valued at USD 12.10 billion in 2021 and is expected to reach USD 20.38 billion by 2029, registering a CAGR of 6.73% during the forecast period of 2022-2029. The “e-glass fiber” accounts for the largest fiber type segment in the fiberglass fabric market owing to its extensive characteristics and cost efficiency. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Scope of the Fiberglass Fabric Market Report:
The fiberglass fabric market is segmented on the basis of fiber type, fabric type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Electrical and Electronics
Aerospace and Defense
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Some of the major players operating in the fiberglass fabric market are
Asahi Kasei Corporation (Japan)
Owens Corning (U.S.)
Jushi Group Co., Ltd. (China)
Saertex GmbH & Co.KG. (Germany)
Tah Tong Textile Co., Ltd (China)
Auburn Manufacturing, Inc. (U.S.)
BGF Industries, Inc. (U.S.)
Nitto Boseki Co., Ltd. (Japan)
Hexcel Corporation (U.S.)
TEI Composites Corporation (Japan)
Fibre Glast Developments Corp., (U.S.)
Porcher Industries (Germany)
Fiberglass Fabric Market Regional Analysis/Insights
The Fiberglass Fabric market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Fiberglass Fabric market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Fiberglass Fabric within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Fiberglass Fabric market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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