Fiberglass Fabric Market Overview

Fiberglass fabric is a type of textile material made from woven glass fibers. These fibers are usually treated with a resin or coating to improve their strength, durability, and resistance to heat and chemicals. Fiberglass fabric is known for its excellent properties, including high tensile strength, lightweight nature, and resistance to fire and corrosion. It is commonly used in various applications, including manufacturing composites, insulation, boat building, automotive parts, and as reinforcement in construction materials like fiberglass-reinforced plastic (FRP) and fiberglass-reinforced concrete (FRC). 

In terms of value, the fiberglass fabric market is projected to reach USD 13.48 Billion by upcoming years, at a CAGR of 7.62%. Fiberglass is a type of fiber-reinforced plastic made using glass fiber. The plastic matrix used is commonly based on thermosetting polymers which include polyester resin, epoxy and vinyl ester resin or a thermoplastic. Fiberglass can be categorized into various types such as A-Glass, C-Glass, E-Glass, S-Glass and more while fiberglass fabric can be categorized based on woven and non-woven fabric. They are used in various industries, including automotive, aerospace, construction, energy and others.

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The expansion of fiberglass fabric is primarily driven by its usage in the automotive industry. In 2020, the surge in the COVID-19 pandemic negatively impacted automotive production activities as a result of the country-wide shutdown of automotive sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, temporarily affecting the growth of the fiberglass fabric industry. However, a steady recovery in automobile production has been witnessed across many countries since 2021, which in turn, is driving the demand for fiberglass fabric. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automobile production along with the surging demand from the aerospace industry is expected to drive the growth of the Fiberglass Fabric Market size in the coming years. On the other hand, the availability of substitutes such as carbon fiber may confine the growth of the market.

Key Takeaways

  • The woven fabric segment in Fiberglass Fabric Market held a significant share in 2021. Its wide range of characteristics and durability made it stand out in comparison to other types of fabrics in the market.
  • Building & construction industry held the largest share in Fiberglass Fabric Market in 2021, owing to the increasing demand for Fiberglass Fabric from the construction sector across the world. For instance, according to recent insights from the World Cement, the global construction industry output increased by 5.7% in 2021.
  • Asia-Pacific dominated the Fiberglass Fabric Market in 2021, owing to its increasing demand from the construction sector of the region. 
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Fiberglass Fabric Market Report.

Fiberglass Fabric Market Key Players

The major players in the fiberglass fabric market are Owens Corning (US), Gurit (Switzerland), Jushi Group Co., Ltd. (China), Chomarat Textile Industries (France), Saertex GmbH & Co.KG. (Germany), Hexcel Corporation (US), Saint-Gobain Performance Plastics  (France), Tah Tong Textile Co., Ltd (China), Auburn Manufacturing, Inc. (US), BGF Industries, Inc. (US), Nitto Boseki Co., Ltd. (Japan), and Taiwan Electric Insulator Co., Ltd. (China), among others. These companies have a high focus on their business strategies and also on their product portfolios. The companies are also focusing on increasing their geographical reach, growth strategies, business revenues, brand images, product offerings, industry coverage and such other factors to strengthen their positions in the global fiberglass fabric market. For instance, BGF Industries, Inc. manufactures woven and non-woven fabrics and serves applications such as aerospace, sporting goods, marine, and others. The company has a strong focus on its product portfolio and has developed new products such as woven co-mingled glass/polypropylene fabric and Aerialite X fabric in June 2016 and September 2013 respectively.

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Wind energy segment to lead the fiberglass fabric market, in terms of value and volume

Fiberglass fabrics are used to reinforce spar caps, webs, and shells of wind turbine rotor blades. From a power generation standpoint, fiberglass fabrics are lightweight and thus enable the production of longer blades for wind turbines. This helps in capturing more wind energy, leading to an increase in power output and provides economy due to the higher wind energy gained.

Asia Pacific is projected to be the largest market for fiberglass fabric

The Asia Pacific is the largest market for the fiberglass fabric due to the growing population and increasing industrialization in the region. Along with China, India and Japan are the major consumers of fiberglass fabric in the region for various applications. The region accounted for the largest wind power capacity of 203,643 MW in 2016. This is expected to drive the fiberglass fabrics market in the region, as leading wind blade manufacturers are increasingly using these fabrics as the major material for the manufacture of composites for wind turbines.