Fiberglass Fabric Market Size & Share, by Fiber Type (E, A, C, D, S); Fabric Type (Woven, Non-Woven); Application (Wind Energy, Transportation, Electrical and Electronics, Marine, Construction, Aerospace, and Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5644
  • Published Date: Feb 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Fiberglass Fabric Market size is poised to cross USD 30 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of fiberglass fabric was USD 15 Billion. The reason behind the growth is due to the growing spending textile sector across the globe. Many developing countries rely on the textile sector to support their growth and development goals, as it is a major source of income and jobs for these nations and the foundation of industrialization on the planet.

According to projections, the global textile market will expand by around 5% between 2024 and 2028, reaching a market size of over USD 210 billion in 2028.

The growing technological advancements in the production procedure are believed to fuel the fiberglass fabric market growth. New products are being developed as a result of technological developments in the fiberglass production process the aim of which is to simplify different processes and products while giving them multiple applications.


Fiberglass Fabric Market
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Fiberglass Fabric Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Applications in Automotive Industry – Owing to its excellent strength-to-weight ratio, corrosion resistance, and adaptability in design, fiberglass cloth is a good choice for automotive applications, which include the doors, hoods, front and rear bumpers, and is also used in the timing belts and V-belts.
  • Growing Usage in the Construction Sector- Composites such as Fiberglass fabric are frequently used during plastering to reinforce walls and ceilings and are utilized for flooring, insulation systems, and other exterior and interior restoration projects.
  • Rising Electrical and Electronics Industry- Owing to its qualities, including electrical resistance and electric insulation, fiberglass yarns are also employed in electronics in the production of printed circuit boards (PCBs).

Challenges

  • Fluctuations in the Wind Energy Industry - Interconnected-grid stability and operating costs may be impacted by wind farm power fluctuations and can upset the second-to-second equilibrium between the overall supply and demand of electricity. Fiberglass is used frequently to make wind turbine blades, the demand for which is directly impacted by any variations in the wind energy market.  This may also influence the price of fiberglass fibers which may affect the profitability of the producers.
  • Volatility in the cost of raw materials such as silica sand can lead to supply chain disruptions
  • Environmental concerns associated with the production of fiberglass fiber.

Fiberglass Fabric Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 15 Billion

Forecast Year Market Size (2036)

~ USD 30 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Fiberglass Fabric Segmentation

Fabric Type (Woven, Non-Woven)

The woven segment in the fiberglass fabric market is estimated to gain a robust revenue share of 60% in the coming years. For the building and repair of marine and composite structures, woven fiberglass fabrics are widely used since they tend to offer a smooth finish and work well to create a layer of waterproofing material over wood or other surfaces to give them more overall rigidity and strength. Glass strands are woven together to create woven fiberglass fabric, which gives complete control over the weight and thickness of all kinds of fiberglass textiles, and owing to its special combination of advantageous qualities, it is perfect for a wide range of industrial applications, including conveyor belts and circuit board interiors. Moreover, four fundamental weave patterns are used to create a variety of configurations for fiberglass cloth: plain, leno, satin, and basket to offer a smooth finish and are perfect for covering wood or other surfaces, as needed for marine applications and boat repairs.

Rough-textured woven roving is a more affordable and robust option for fiberglass cloth than regular fiberglass cloth and is perfect for fiberglass structural repair and composite laminate constructions and has its own distinct weight, strength, and fabric properties since they are all knitted for fiber orientation.

In addition, made of incredibly fine glass fibers, non-woven fiberglass fabric is soft and long-lasting, making it suitable for use on walls and ceilings, and can also be used to join gypsum board to drywall, and it is widely utilized in a variety of industries, including construction, automotive, aerospace, and electrical. Moreover, the market for nonwoven fiberglass fabric seems bright owing to its exceptional strength, durability, insulating qualities, and resilience to heat, chemicals, and fire.

Application (Wind Energy, Transportation, Electrical and Electronics, Marine, Construction, Aerospace and Defense)

The aerospace and defense segment in the fiberglass fabric market is set to garner a notable share shortly. In the aircraft industry, fiberglass is a composite material that is used to make items such as airplane flooring and to offer compressive and tensile modulus, impact resistance, and fiber toughness. The third fundamental weave is a satin weave, which needs a minimum of five shafts to complete and is often required for structural and aeronautical purposes. Moreover, essentially stronger and more flexible than plain weaves, satin weaves are twill weaves that can conform to complex curves.

Lightweight structural composite panels are perfect for demanding military and defense applications therefore, these materials are not only essential to the aerospace sector, but they also have a significant influence on military aviation. Fiberglass fabric is the most widely available and least-priced composite fabric, that finds use in many different industrial applications and is employed in the production of test equipment, ducting, enclosures, and other parts for the aircraft industry, both military and commercial. For instance, AMI-GLAS (GLTW), which is mostly utilized for hot work in shipbuilding and repair, is composed entirely of fiberglass and satisfies the demand for military and US Coast Guard standards.

Our in-depth analysis of the global fiberglass fabric market includes the following segments:

          Application

  • Wind Energy
  • Transportation
  • Electrical and Electronics
  • Marine
  • Construction
  • Aerospace and Defense

          Fiber Type

  • E
  • A
  • C
  • D
  • S

          Fabric Type

  • Woven
  • Non-Woven

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Fiberglass Fabric Industry - Regional Synopsis

North American Market Forecast

The fiberglass fabric market in North America is predicted to account for the largest share of 40% by 2036 impelled by the growing usage of wind energy. The main renewable energy source in the US is wind, a homegrown resource that supports the country's economic expansion.

According to the U.S. Department of Energy, the amount of wind energy used to generate electricity in the United States increased to approximately 380 billion kWh in 2021. Particularly, in 2022, around 10.2% of the electricity generated at the utility-scale in the United States came from wind turbines.

APAC Market Statistics

The Asia Pacific fiberglass fabric market is estimated to be the second largest, during the forecast timeframe led by the increasing manufacturing of printed circuit boards. The largest manufacturer of printed circuit boards in the world is China since the country supports its PCB industry as part of its Made in China 2025 goal, allocating subsidies to important industries such as electrical transmission and medical equipment. For instance, China produced over USD 75 billion worth of PCBs in 2021. China is becoming a bigger source of PCBs followed by Taiwan which overtook China as the region with the greatest PCB manufacturing capacity in 2023. Particularly, in 2022, more than 620 million square feet of printed circuit boards were produced in Taiwan.

In addition, India's building sector is a major force behind the nation's economic growth fueled by the country's increased infrastructure spending, growing need for urban homes, and the rise in commercial development projects. All these factors are expected to fuel the demand for fiberglass fabric in the region.

Research Nester
Fiberglass Fabric Market size
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Companies Dominating the Fiberglass Fabric Market

top-features-companies
    • Dupont
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Owens Corning
    • Fibre Glast Developments Corp.,
    • Hexcel Corporation
    • Saertex GmbH & Co.KG.
    • Tah Tong Textile Co., Ltd
    • Auburn Manufacturing, Inc.

In-the-news

In The News

  • Dupont introduced a new portfolio of patented DuPont Kevlar engineered yarns to offer multi-hazard protection against cut, heat, flame, and electric arc threats, allowing producers to raise the degree of protection without appreciably adding to thickness or weight to aid in increased comfort and dexterity in a range of sectors, including manufacturing, utilities, and the automobile industry.
  • Owens Corning together with Pultron Composites announced to production of industry-leading fiberglass rebar to offer better-performing concrete reinforcement materials and more environmentally friendly product options and increase their market opportunities by offering more capacity and superior customer service.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5644
  • Published Date: Feb 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing spending textile sector across the globe and the growing technological advancements in the production procedure are the major factors driving the growth of the market.

The market size of Fiberglass Fabric is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are Owens Corning, Fibre Glass Developments Corp., Hexcel Corporation, Saertex GmbH & Co.KG., Tah Tong Textile Co., Ltd, Auburn Manufacturing, Inc., TEI Composites Corporation, Nitto Boseki Co., Ltd., and others.

The Woven segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Fiberglass Fabric Market Report Scope
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