Construction Glass Fiber Nonwoven Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The period from 2018 to 2022 marked a strong upward trend in the glass fiber nonwoven market. This growth was largely fueled by an increasing demand for sustainable and cost-effective construction materials. As construction companies sought to enhance the energy efficiency of buildings, the need for high-performance insulation materials, like glass fiber nonwovens, surged. Additionally, the rise in infrastructure development in emerging markets and the continuous innovation in building technologies contributed to this growth. By 2022, the market had stabilized at a strong pace, with significant investments being made in production capacities, as well as new applications in waterproofing, soundproofing, and reinforcing materials.
The years from 2023 to 2033 will see a continuation of this growth, albeit with some fluctuations as the market adapts to new trends. The construction industry is increasingly focusing on eco-friendly and energy-efficient solutions, which will likely maintain demand for glass fiber nonwoven products. However, the shift towards alternative materials, such as biodegradable composites and synthetic fibers, may challenge the dominance of glass fiber nonwoven products in some regions. Additionally, factors like raw material costs and environmental regulations will impact production and pricing strategies, making it crucial for manufacturers to adopt advanced technologies for better performance and cost management.
The construction industry's growing reliance on automation and smart technologies will open new avenues for glass fiber nonwoven products. With innovations in building automation systems, these materials will find new uses in smart insulation and energy-saving solutions. Moreover, with increasing urbanization and a booming construction sector in emerging economies, there will be an expanding market for these products, particularly in large-scale infrastructure projects like highways, airports, and bridges.
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The global construction industry has undergone significant transformation in the past decade, with a notable rise in the use of glass fiber nonwoven materials. These materials, renowned for their durability and versatility, have become a key element in construction, offering superior insulation, strength, and performance in a variety of building applications. From 2018 to 2022, the market saw substantial growth driven by increasing demand from the residential, commercial, and infrastructure sectors. However, as we transition into 2023 and beyond, the demand for these materials is projected to experience both challenges and opportunities, influenced by evolving construction trends and technological advancements.
ANDRITZ
Nittobo Group
ACP Composites
Johns Manville
Owens Corning
Ahlstrom-Munksjö
NSG
Hokuetsu Corporation
Jiangsu Changhai Composite
Lydall
Chongqing Zaisheng Technology
Shaanxi HuaTek Fiberglass Material
Saint-Gobain
Sinoma Jinjing Fiberglass
Oji F-Tex Co.
Ltd.
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 Construction Glass Fiber Nonwoven Market
Roofing Materials
Wallpapers
Floor
Other
Based on Types the Market is categorized into Below types that held the largest Construction Glass Fiber Nonwoven market share In 2023.
Airlay Glass Fiber Nonwoven
Wetlaid Glass Fiber Nonwoven
Other
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 Construction 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 Construction Glass Fiber Nonwoven Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Construction Glass Fiber Nonwoven Market, By Type
6. Global Construction Glass Fiber Nonwoven Market, By Application
7. Global Construction Glass Fiber Nonwoven Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Construction Glass Fiber Nonwoven Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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