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Fiberglass Fabric Market Trends

Report ID: GMI7931
Published Date: Jan 2024
Report Format: PDF

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Fiberglass Fabric Market Trends

Advanced coatings and finishes are gaining prominence, enhancing the durability, chemical resistance, and fire-retardant properties of fiberglass fabrics. Growing demand in the wind energy sector is driving the development of larger and more efficient fiberglass fabrics for wind turbine blades. Eco-friendly solutions, including the use of recycled and sustainable materials, are becoming integral in response to increased environmental awareness. Furthermore, the integration of smart and functional textiles, offering features such as self-healing capabilities and embedded sensors, is emerging as a key trend, contributing to the market's technological evolution.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for fiberglass fabric was valued at around USD 14.4 billion in 2023 and is estimated to reach USD 25 billion by 2032, owing to notable support from government for promoting renewable energy and infrastructure development.

E-glass segment held a notable market share and was worth USD 8.9 billion in 2023, due to the exceptional balance of properties, making it versatile for a wide range of applications.

Asia Pacific market for fiberglass fabric was valued at USD 5.1 billion in 2023 and is anticipated to expand at a significant pace from 2024-2032, attributed to the rapid industrialization and urbanization in countries like China and India.

AGY International, Vetrotex Saint-Gobain Composites, China Fiberglass Corporation, Tsurumi Seisakusho Co., Ltd, Johns Manville, Saint-Gobain, Jushi Group, Owens Corning and Nippon Electric Glass Co., Ltd.