Industry Insights
Fiberglass fabrics possess superior properties such as perfect electrical resistance and electric insulation, which enables its use as a prime reinforcement material in high-pressure laminates for printed circuit boards (PCBs). These PCBs are majorly used in computers, modems, consumer electronics, automotive, and telecommunication products, thereby stirring up the demand for fiberglass fabrics in application industries.
Glass fiber, a primary raw material is sourced from a limited number of suppliers or a sole supplier to maintain consistency in quality of fabrics. Growing demand for lightweight fiberglass with higher strength is leading manufacturers to constantly innovate, maintain standards for their products, and integrate across the supply chain to retain their customers.
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Product Insights
S-glass is projected to exhibit a CAGR of 6.4% in terms of revenue over the forecast period on account of its improved properties at elevated temperature as compared to E-glass fabrics. S-glass offers around 40.0% higher tensile and comprehensive strength, flexural modulus, and higher abrasion resistance as compared to E-glass, thereby escalating the demand for the product type in application industries.
Glass fibers such as C-glass, A-glass, D-glass and M-glass are also used in manufacturing of fiberglass fabrics, apart from S-glass and E-glass. These fibers are used in very specific applications where characteristics such as high chemical durability, high alkali resistance, low dielectric constant or high modulus is required.
Fabric Type Insights
Nonwoven fiberglass fabric is a soft and durable nonwoven cloth that possess high tear strength and is majorly used in construction applications such as wall covering and ceiling for prevention of cracks. It offers natural ventilation, high tensile strength, and is chemically inert and non-toxic. As a result, the demand for the fabric type is strong in the construction industry.
Nonwoven fiberglass material is a durable cloth offering several mechanical advantages over woven ones such as increased impact resistance and thermal insulation. Furthermore, these fabrics are highly effective in filtering various liquids and have a life 10 to 15 times longer than those made of metal and cotton. Their demand is projected to rise at a noteworthy rate during the forecast period.
Application Insights
The wind energy sector is likely to post a CAGR of 7.3% in terms of value over the projected period, on account of production of longer blades through mass reduction, leading to increased energy output. Growing focus on renewable energy generation is also escalating the demand for fiberglass fabrics in the sector.
Multiaxial fabrics are majorly used in the aerospace & defense sector on account of its flexibility and ability to handle extreme pressure without undergoing wear & tear. Lightweight fiberglass fibers provide structural integrity, high strength, and ballistic, environmental and thermal protection, which is poised to augment their demand in aerospace & defense applications over the forecast period.
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Regional Insights
Europe accounted for just over 25.0% of the global revenue in the same year owing to availability of raw materials, manufacturing facilities, and presence of major application industry players. Developed economies in the region including Germany, U.K., and France accounted for major revenue share owing to high penetration of the product in the construction and aerospace industries.
Report Scope
Attribute & Details
Base year for estimation
2017
Actual estimates/Historical data
2014 - 2016
Forecast period
2018 - 2025
Market representation
Volume in million square meters, revenue in USD million and CAGR from 2017 to 2025
Regional scope
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Country scope
U.S., Canada, Mexico, U.K., Germany, France, Russia, China, India, Japan, Australia, South Korea, Brazil, Argentina, South Africa
Report coverage
Revenue forecast, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)
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