High Demand from Aerospace, Construction, and Marine Industries
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-88176 Format: PDF Pages: 275
According to a research survey conducted by ChemView Consulting, Fiberglass Cloth Market is estimated to be worth US$ 14.50 Bn in 2023. The market is expected to grow at a CAGR of 7.62 % between 2023 and 2033 to hit US$ 30.23 Bn by 2033 end.
With the advancements in material science, high-performance fiberglass cloth is now available in the market that offers improved durability, strength, and resistance to wear and tear. By switching to this next-gen fiberglass cloth, end-users can significantly enhance the performance and longevity of their products. Whether it’s automotive parts, aerospace components, or sports equipment, the new-age fiberglass cloth can help manufacturers deliver superior quality and reliability to their customers.
Sustainability has become a key priority for manufacturers across industries, and the fiberglass cloth market is no exception. With the growing demand for eco-friendly solutions, the industry has introduced sustainable fiberglass cloth made from recycled materials and biodegradable resins. By embracing these environmentally conscious options, end-users can reduce their carbon footprint and contribute to a cleaner and greener future. From construction materials to consumer goods, sustainable fiberglass cloth is an ideal choice for manufacturers looking to align their operations with their sustainability goals.
The global shift towards renewable energy sources is driving the growth of the fiberglass cloth market, especially in the wind energy sector. Fiberglass cloth is used in the manufacturing of wind turbine blades, which require strong, lightweight, and durable materials. As the demand for wind energy continues to grow, the demand for fiberglass cloth for wind turbine blades is also expected to increase.
The fiberglass cloth market is witnessing significant growth due to advancements in technology that are enabling the development of new applications and products. With the development of new manufacturing processes, fiberglass cloth is being used in a wide range of applications such as aerospace, marine, and electrical industries. Additionally, the development of high-performance fiberglass cloth with advanced properties such as flame resistance, chemical resistance, and high-temperature resistance is also driving the growth of the market. As technology continues to advance, the potential for new applications and products is expected to further boost the demand for fiberglass cloth.
After conducting a thorough analysis of the Fiberglass Cloth Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and extensive adoption.
Epoxy Resin has emerged as the most popular choice in the Fiberglass Cloth Market for the Marine and Recreational industry. These resins offer excellent water resistance, durability, and strength, making them ideal for use in boatbuilding, surfboards, and other recreational equipment. The high performance and versatility of epoxy resin make it the preferred choice for consumers seeking reliable and effective solutions in the marine and recreational industries.
Polyester Resin is the most selling product in the Fiberglass Cloth Market for insulation applications. These resins have excellent thermal resistance, low shrinkage, and good adhesion properties, making them ideal for use in thermal insulation, acoustic insulation, and fireproofing. The cost-effectiveness and insulation properties of polyester resin make it the go to choice for consumers seeking reliable and effective insulation solutions.
Glass Fiberglass is gaining significant traction in the Fiberglass Cloth Market for electronics applications. These fiberglass materials offer excellent dielectric strength, high modulus of elasticity, and good thermal stability, making them ideal for use in printed circuit boards, computer components, and other electronic devices. The exceptional electrical properties and performance of Glass Fiberglass make it the trending choice for consumers seeking high-quality solutions in the electronics industry.
The Asia Pacific fiberglass cloth market is witnessing substantial growth due to the booming automotive industry in the region. Fiberglass cloth is used in the manufacturing of automotive parts such as body panels, hoods, and fenders, among others. The increasing demand for lightweight vehicles to enhance fuel efficiency is driving the adoption of fiberglass cloth in the automotive industry.
The growing demand for clean and renewable energy sources has led to an increase in wind energy installations in Europe. Fiberglass cloth is a crucial material used in the manufacturing of wind turbine blades, which are essential components of wind turbines. As the wind energy sector continues to grow, the demand for fiberglass cloth is expected to increase significantly. Moreover, the increasing focus of governments in Europe on reducing carbon emissions and promoting renewable energy sources is expected to further fuel the growth of the wind energy sector. This, in turn, is expected to drive the demand for fiberglass cloth in the region. The superior properties of fiberglass cloth, such as high strength, durability, and lightweight, make it an ideal material for wind turbine blades, thus driving the market.
The North America Fiberglass Cloth Market is experiencing significant growth due to the increasing demand for lightweight and durable materials across various industries. Fiberglass cloth is a versatile material that is widely used in the construction, automotive, aerospace, and marine industries, among others. One of the primary drivers of the market is the construction industry’s growth, where fiberglass cloth is widely used in insulation, roofing, and structural applications. The increasing demand for energy-efficient buildings is also contributing to the growth of the market, as fiberglass cloth helps to reduce energy consumption by improving insulation.
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Research Scope/Taxonomy
Market Analysis by Resin Used:
Market Analysis by Material Type:
Market Analysis by End Use:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Material Type W.R.T. Product Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Resin Used [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. Polyester Resin
10.3.2. Epoxy Resin
10.3.3. Vinyl Ester Resin
10.4. Market Attractiveness Analysis by Resin Used
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material Type [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. E-Glass fiberglass
11.2.2. C-Glass fiberglass
11.2.3. S-Glass fiberglass
11.2.4. Quartx/ Fused Silica fiberglass
11.3. Market Attractiveness Analysis by Material Type
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]
12.2.1. Pharmaceuticals
12.2.2. Chemicals
12.2.3. Power Generation
12.2.4. Others
12.3. Market Attractiveness Analysis by End-Use
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia-Pacific
13.3.5. Middle East
13.3.6. Africa
13.4. Market Attractiveness Analysis by Region
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. U.S.
14.3.1.2. Canada
14.3.2. By Resin Used
14.3.3. By Material Type
14.3.4. By End-Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Resin Used
14.4.3. By Material Type
14.4.4. By End-Use
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. By Resin Used
15.3.3. By Material Type
15.3.4. By End-Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Resin Used
15.4.3. By Material Type
15.4.4. By End-Use
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. Rest of Europe
16.3.2. By Resin Used
16.3.3. By Material Type
16.3.4. By End-Use
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Resin Used
16.4.3. By Material Type
16.4.4. By End-Use
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. Rest of Asia-Pacific
17.3.2. By Resin Used
17.3.3. By Material Type
17.3.4. By End-Use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Resin Used
17.4.3. By Material Type
17.4.4. By End-Use
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. Rest of the Middle East
18.4.2. By Resin Used
18.4.3. By Material Type
18.4.4. By End-Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Resin Used
18.5.3. By Material Type
18.5.4. By End-Use
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. Rest of Africa
19.4.2. By Resin Used
19.4.3. By Material Type
19.4.4. By End-Use
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Resin Used
19.5.3. By Material Type
19.5.4. By End-Use
20.1. Tier Structure Breakdown
20.2. Market Share Analysis
20.3. Production Capacity Analysis
20.4. Company Footprint Analysis
20.4.1. Product Footprint of Players
20.4.2. Regional Footprint of Players
20.4.3. Channel Footprint of Players
20.5. Brand Preference Analysis
20.6. Competition Dashboard
21.1. Hangzhou Mingda Glass Finbre Co. Ltd.
21.1.1. Company Overview
21.1.2. Product & Financial Portfolio
21.1.3. Manufacturing Facilities
21.1.4. Recent Developments
21.1.5. SWOT Analysis
21.1.6. Strategy Overview
21.2. Zhejiang Yuanda Fiberglass Mesh Co. Ltd.
21.3. Tianyu
21.4. Changshu Jiangnan GlassFiber Co. Ltd.
21.5. Xiangyang Huierjie Glassfibre
21.6. Chaozhou Chuangjia Group Co. Ltd.
21.7. Saint Gobain (Adfors)
21.8. Valmiera Glass Group
21.9. Stekloplast
21.10. San Diego Seal, Inc.
21.11. Shree Firepack Safety Pvt. Ltd.