Fiberglass Fabric Market By Application (Construction, Electrical & Electronics), Product (E-glass, S-glass), Fabric Type (Nonwoven, Woven), & Region for 2024-2031

Fiberglass Fabric Market Valuation – 2024-2031

Rising demand for wind energy and increasing applications in the aerospace industry are propelling the adoption of Fiberglass Fabric. Growing awareness of environmental sustainability and expansion of industrial manufacturing is driving the market size to surpass USD 11.01 Billion in 2024 to reach a valuation of around USD 19.2 Billion by 2031.

In addition to this, the booming automotive sector and rising infrastructure development projects are spurring up the adoption of fiberglass fabric. Fiberglass fabrics are widely used in the construction sector for applications like insulation, roofing, and reinforcement enabling the market to grow at a CAGR of 7.20% from 2024 to 2031.

Fiberglass Fabric MarketDefinition/ Overview

Fiberglass fabric is characterized by its high tensile strength, durability, and resistance to heat, chemicals, and weathering. It is available in various forms such as woven, knit, and non-woven, with different weave patterns and surface treatments to suit specific applications.

Fiberglass fabric is used to reinforce concrete structures like bridges, buildings, roads, and tunnels. It enhances the tensile strength and durability of concrete, making structures more resistant to cracking and structural failure. Fiberglass fabric is an excellent insulating material and is used for thermal and acoustic insulation in buildings, pipelines, HVAC systems, and industrial equipment. It helps in conserving energy, reducing heat transfer, and dampening sound. Fiberglass fabric is utilized in roofing applications as a reinforcement material in asphalt shingles, roofing membranes, and waterproof coatings. It provides added strength, durability, and weather resistance to roofing systems. In the automotive industry, fiberglass fabric is used to manufacture lightweight components for car bodies, interiors, and exteriors. It is also used as a reinforcement material in composite parts such as bumpers, spoilers, hoods, and fenders. Fiberglass fabric is a key material used in the manufacturing of wind turbine blades. It provides high strength, stiffness, and fatigue resistance, making it suitable for withstanding the dynamic loads and harsh environmental conditions experienced by wind turbine blades.

Also, the Adoption of additive manufacturing (3D printing) techniques for fabricating complex fiberglass structures with improved efficiency and customization capabilities.

How will the Growing Construction Industry Increase the Adoption of Fiberglass Fabric?

The construction sector is a major consumer of fiberglass fabric for applications such as reinforcement in concrete structures, thermal and acoustic insulation, roofing, and waterproofing. Growth in construction activities, driven by urbanization, infrastructure development, and increasing investment in residential, commercial, and industrial projects, directly fuels the demand for fiberglass fabric.

Also, the automotive industry’s focus on lightweighting to improve fuel efficiency and reduce emissions has led to increased adoption of fiberglass fabric. It is used for manufacturing lightweight components for car bodies, interiors, and exteriors, as well as reinforcement in composite materials. As automotive manufacturers seek to comply with stringent fuel economy standards and consumer demand for fuel-efficient vehicles rises, the demand for fiberglass fabric in the automotive sector is expected to grow.

In addition to this, fiberglass fabric is widely used in the marine industry for constructing boat hulls, decks, and other structural components due to its corrosion resistance and high strength-to-weight ratio. As the global marine industry expands, driven by factors such as growth in maritime trade, tourism, and recreational boating, the demand for fiberglass fabric for marine applications is expected to increase.

Furthermore, ongoing advancements in material science and manufacturing technologies are leading to the development of innovative fiberglass fabric products with enhanced properties such as improved strength, durability, and resistance to environmental factors. These advancements are expected to drive market growth by expanding the range of applications for fiberglass fabric.

Will Supply Chain Disruptions of Fiberglass Fabric Restrain Its Application?

The fiberglass fabric industry relies on a complex global supply chain for raw materials, manufacturing equipment, and distribution channels. Disruptions such as natural disasters, geopolitical tensions, trade disputes, or transportation bottlenecks can impact supply chain operations and lead to delays in production and delivery, affecting market stability.

Also, the fiberglass fabric industry is sensitive to fluctuations in the prices of raw materials such as glass fibers, resins, and other additives. Price volatility in raw materials can affect production costs and profit margins for manufacturers, making it challenging to maintain competitiveness in the market.

In addition to this, there are concerns about the health and safety risks associated with handling fiberglass materials, including skin irritation, respiratory issues, and potential long-term health effects from exposure to fiberglass particles. Addressing these concerns and improving the perception of fiberglass fabric as a safe and sustainable material may be challenging for market players.

Furthermore, the demand for fiberglass fabric is closely linked to end-user industries such as construction, automotive, aerospace, and marine. Market fluctuations, economic downturns, changes in consumer preferences, and shifts in regulatory policies within these industries can impact the demand for fiberglass fabric, posing challenges for market forecasting and strategic planning.

Category-Wise Acumens

Will the Rise in the Adoption of E-glass Drive the Fiberglass Fabric Market?

The e-glass segment is anticipated to hold a major share of the fiberglass fabric market. E-glass is the most commonly used type of fiberglass due to its widespread availability and relatively low cost compared to other specialty glass types. It is produced in large quantities by various manufacturers worldwide, making it readily accessible for fiberglass fabric production.

Also, e-glass exhibits good mechanical properties, including high tensile strength, stiffness, and impact resistance. These properties make it suitable for applications requiring structural reinforcement, such as in construction, automotive, and aerospace industries.

In addition to this, e-glass fibers can be easily woven into fabrics of different weave patterns and weights to meet specific application requirements. This versatility in fabrication allows for the production of fiberglass fabrics with a wide range of properties and characteristics tailored to different end-use applications.

Furthermore, e-glass is compatible with various resin systems, including polyester, epoxy, vinyl ester, and phenolic resins, allowing for versatile use in composite materials manufacturing. It can be easily impregnated with resins to form strong and durable composite structures.

Which Factors Enhance the Use of Fiberglass Fabric in the Construction Sector?

The construction segment is anticipated to hold a major share of the Fiberglass Fabric market.

Fiberglass fabric is extensively used in the construction industry for reinforcing concrete structures such as bridges, buildings, roads, tunnels, and precast elements. It enhances the tensile strength, durability, and crack resistance of concrete, leading to longer-lasting and more resilient structures.

Also, fiberglass fabric serves as an excellent thermal and acoustic insulating material in construction applications. It is used in walls, roofs, floors, and partitions to improve energy efficiency, regulate indoor temperatures, and reduce noise transmission, thereby enhancing occupant comfort and building performance.

Furthermore, fiberglass fabric is utilized for repair and retrofitting of existing structures to enhance their structural integrity, load-bearing capacity, and durability. It is applied externally or internally to reinforce concrete elements, repair cracks, and spalls, and strengthen deteriorated or damaged infrastructure, extending the service life of buildings and infrastructure assets.

Also, large-scale infrastructure development projects such as highways, bridges, tunnels, dams, and airports require materials with high durability and performance. Fiberglass fabric is used in various infrastructure applications for its strength, corrosion resistance, and ease of installation, contributing to the development of resilient and sustainable infrastructure.

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Country/Region-wise Acumens

Will Growing Automotive Manufacturing Enhance Adoption of Fiberglass Fabric in Asia Pacific?

APAC is a hub for automotive manufacturing, with countries like China, Japan, South Korea, and India being major producers of automobiles. Fiberglass fabric is extensively used in automotive applications for lightweighting, structural reinforcement, and component manufacturing. The region’s booming automotive sector contributes significantly to the demand for fiberglass fabric.

Also, APAC is emerging as a leading market for wind energy installations, with countries like China and India investing heavily in renewable energy projects. Fiberglass fabric is a key material used in the manufacturing of wind turbine blades, and the region’s growing focus on renewable energy contributes to the demand for fiberglass fabric.

In addition to this, the construction industry in countries like China, India, Japan, and Southeast Asian nations is witnessing robust growth. Large-scale infrastructure projects, urban development initiatives, and investments in residential and commercial construction are driving the demand for fiberglass fabric for applications such as reinforcement, insulation, roofing, and waterproofing.

Will Renewable Energy Investments in North America Mature Fiberglass Fabric Market?

North America, particularly the United States and Canada, has been increasing its investments in renewable energy, including wind power. While the growth rate may not match that of regions like Asia-Pacific, there is still potential for growth in the demand for fiberglass fabric for wind turbine blade manufacturing.

Also, initiatives for infrastructure renewal and modernization in North America, such as transportation projects, bridge repairs, and energy infrastructure upgrades, could drive demand for fiberglass fabric in construction and renovation activities.

In addition to this, North America is known for its innovation and technological advancements across various industries. Continued research and development in materials science and manufacturing technologies could lead to the development of new applications or improved products using fiberglass fabric, contributing to market growth.

Furthermore, North America is known for its innovation and technological advancements across various industries. Continued research and development in materials science and manufacturing technologies could lead to the development of new applications or improved products using fiberglass fabric, contributing to market growth.

Competitive Landscape

The competitive landscape of the fiberglass fabric market is characterized by the presence of several key players competing based on product quality, technological innovation, pricing strategies, and geographical presence.  These companies focus on research and development activities to introduce advanced fiberglass fabric products tailored to meet the evolving demands of end-user industries such as construction, automotive, aerospace, wind energy, and industrial applications. Additionally, partnerships, mergers, acquisitions, and strategic collaborations are common strategies employed by market players to expand their market share and gain a competitive edge in the highly competitive fiberglass fabric market. Some of the prominent players operating in the fiberglass fabric market include

• Owens Corning
• Saint-Gobain
• PPG Industries
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass, Inc.
• Nippon Electric Glass Co., Ltd.
• CPIC Fiberglass
• AGY Holding Corp.
• Chomarat Group
• Binani 3B-The Fibreglass Company
• Saertex Group
• BGF Industries, Inc.
• Nitto Boseki Co., Ltd.
• Taiwan Glass Industry Corporation
• Taiwan Electric Insulator Co., Ltd.
• Mitsubishi Chemical Corporation
• Asahi Fiber Glass Co., Ltd.
• Johns Manville
• Fiberglass Ltd.

Latest Developments

• In April 2024, Owens Corning (NYSEOC), a global leader in building and construction materials, announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) for its previously announced acquisition of Masonite International Corporation has expired.
• In September 2023, Saint-Gobain introduced a unique non-woven fiberglass fabric with high thermal insulation qualities, aimed at energy-efficient building applications.

Report Scope

Fiberglass Fabric Market, By Category

Application

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

Product

• E-Glass
• S-Glass

Fabric Type

• Woven
• Nonwoven

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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