Fiberglass Fabric Market Size

Fiberglass Fabric Market Size

Fiberglass Fabric Market was valued at around USD 14.4 billion in 2023 and is estimated to register 6.3% CAGR between 2024 and 2032. The demand for fiberglass fabric is propelled by various industries, with notable support from government initiatives promoting renewable energy and infrastructure development.

In the wind energy sector, for instance, government-backed projects and policies aimed at reducing carbon emissions have significantly increased the demand for fiberglass fabric for wind turbine blades. According to the U.S. Energy Information Administration (EIA), in 2021, wind energy accounted for 9% of the total U.S. electricity generation. Additionally, in the construction industry, government investments in infrastructure development and initiatives promoting sustainable building materials contribute to the rising demand for fiberglass fabric in reinforcing concrete structures.

While fiberglass fabric offers various advantages, its production involves energy-intensive processes and the use of resins that can pose environmental challenges. Additionally, recycling fiberglass fabric presents difficulties due to its composite nature. The disposal and end-of-life management of fiberglass products raise concerns about environmental sustainability. Addressing these challenges and developing efficient recycling methods will be crucial for the fiberglass fabric industry to align with evolving environmental regulations and sustainability goals across industries.