15-July-2019: The global fiberglass
fabric market size is expected to reach USD 14.93 billion
by 2025, according to a new report by Grand View Research, Inc., exhibiting a
CAGR of 6.1% during the forecast period. Rising penetration of the product in
the electronics industry for manufacturing of printed circuit boards (PCB) is
expected to drive the market.
Fiberglass wind
turbine blades are constructed using stranded E-glass and S-glass fabrics
stitched together and impregnated with vinyl ester, polyester, or epoxy matrix.
These composites offer high strength for manufacturing lightweight and
efficient rotor blades for large wind turbines maintaining cost efficiency.
The product offer
superior properties such as high electric insulation, tensile strength, and
corrosion and chemical resistance. Increasing R&D to improve product
performance, wrapping, weaving, cleaning, and finishing to offer different
weave patterns suitable for industry-specific applications are poised to work
in favor of the market.
The glass fiber
production technology and unique post-processing systems have a significant
impact on quality of manufactured fiberglass fabric. Innovation and development
of new technologies to obtain superior product quality for high-tech aerospace &
defense and electronics industry applications have tremendous impact on
competitive environment.
In depth research report on Fiberglass Fabric Market
Further key findings from the report suggest:
·
The E-glass segment accounted for over 80.0% of the revenue
share in 2017 on account of superior physical and mechanical properties such as
high strength and stiffness and high temperature, flame and heat resistance
·
The nonwoven fiberglass fabrics segment is anticipated to
register a CAGR of 6.3% in terms of revenue from 2017 to 2025 owing to its
advantages over woven such as increased impact resistance, thermal insulation,
and liquid repelling ability
·
The application of fiberglass fabric in the construction
industry accounted for 25.8% of the revenue share in 2017 on account of its
increasing demand in the construction industry to mask cracks and improve
integrity of walls and ceiling
·
Fiberglass fabric in wind energy application is anticipated
to register a CAGR of 7.3% in terms of revenue during the forecast period owing
to its electrical insulation and lightweight characteristics, which aids in
improving efficiency of wind turbines and their energy output
·
The industry in Central & South America is expected to
register a growth of 7.3% owing to rising demand for the product in application
industries including automotive, aerospace & defense, and electrical &
electronics
·
Major players in the industry focus on research &
development activities to identify new market opportunities and product
development on the basis of requirements from the application industries
Grand View Research
has segmented the global fiberglass fabric market on the basis of product, fabric
type, application and region:
Fiberglass Fabric Product Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
E-Glass
·
S-Glass
·
Others
Fiberglass Fabric Fabric Type Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
Woven
·
Nonwoven
Fiberglass Fabric Application Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
Aerospace & Defense
·
Construction
·
Electrical & Electronics
·
Marine
·
Transportation
·
Wind Energy
·
Others
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About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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