Wet-Laid Glass FIber Nonwoven Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
However, the outlook for 2023 to 2033 suggests even more transformative changes. The global demand for Wet-Laid Glass Fiber Nonwoven materials is poised to continue growing, but there will be a noticeable shift in how these materials are applied. For instance, the automotive industry will continue to be a strong market driver, particularly with the rise of electric vehicles (EVs). The demand for lightweight materials that contribute to energy efficiency is expected to increase, placing greater emphasis on nonwoven glass fiber materials.
The construction sector will also remain a critical area of growth, with a continued focus on sustainable building materials and energy-efficient solutions. As regulations regarding energy efficiency and environmental impact become stricter, demand for materials like Wet-Laid Glass Fiber Nonwoven is expected to rise due to their ability to meet these standards. The filtration industry, too, will drive demand, particularly in clean energy technologies and environmental protection efforts.
With evolving manufacturing technologies, there will be more opportunities for Wet-Laid Glass Fiber Nonwoven producers to meet the specific needs of each sector. Moreover, the trend toward sustainable products will likely spur innovations in raw materials, helping manufacturers offer even more eco-friendly options. As the market continues to grow, companies will be under pressure to adapt to both consumer needs and regulatory changes, shaping the future of the Wet-Laid Glass Fiber Nonwoven market for the next decade.
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The Wet-Laid Glass Fiber Nonwoven market has experienced significant growth from 2018 to 2022, driven by demand across various industries such as automotive, construction, and filtration. In this period, the market's expansion was marked by the rising adoption of advanced materials, which offered improved performance, durability, and cost-effectiveness. The shift towards sustainable and lightweight solutions spurred the use of nonwoven fabrics, as they are often considered eco-friendly and cost-efficient alternatives to traditional materials.
Between 2018 and 2022, the Wet-Laid Glass Fiber Nonwoven market grew at a steady pace, with key manufacturers focusing on enhancing production techniques to meet growing demand. The automotive sector, in particular, leveraged these materials for applications like insulation, soundproofing, and thermal protection. Additionally, the construction industry saw an increased demand for these materials due to their strength and versatility in various building applications. Global production capacity also expanded as companies invested in new technologies to boost output and cater to increasing consumer needs.
Johns Manville
Owens Corning
Ahlstrom-Munksjö
Hollingsworth & Vose
NSG
Hokuetsu Corporation
Jiangsu Changhai Composite
Lydall
Chongqing Zaisheng Technology
Saint-Gobain
Sinoma Jinjing Fiberglass
Shaanxi HuaTek Fiberglass Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Wet-Laid Glass FIber Nonwoven Market
Roof Material
Industrial Filtration
Plasterboard
Electronics & Automobiles
Floor Covering
Others
Based on Types the Market is categorized into Below types that held the largest Wet-Laid Glass FIber Nonwoven market share In 2023.
Long Glass Fiber
Short Glass Fiber
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Wet-Laid Glass FIber Nonwoven Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Wet-Laid Glass FIber Nonwoven Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Wet-Laid Glass FIber Nonwoven Market, By Type
6. Global Wet-Laid Glass FIber Nonwoven Market, By Application
7. Global Wet-Laid Glass FIber Nonwoven Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Wet-Laid Glass FIber Nonwoven Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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