Global Fiberglass Fabric Market By Overview
Fiberglass Fabric Market was valued at USD 16.5 Billion in 2024 and is projected to grow at a CAGR of 5.20% to reach USD 26.2 Billion by 2034.
Asia-Pacific to grow at the highest CAGR during the forecast period
Asia Pacific is expected to have the largest market in terms of revenue due to an increase in the production of aerospace & defense, electrical & electronics, construction, and wind energy products. With this, increasing population with increasing industrialization is another factor propelling the growth of the global fiberglass fabric market in this region. Europe accounted for the second largest market in terms of revenue due to the availability of raw materials, manufacturing facilities, and key market players. Also, because of the high penetration of the product in the construction and aerospace industries, the global market is boosting in this region.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides a key examination of market players operating in the specific market and analysis and outcomes related to the target market for more than 20 countries.
In the current research scope, 2023 is considered as the base year and 2024 is the estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied to gather information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The fiberglass fabric market report segments the market on the basis of material type, application, technology, end-user, and region.
The report is expected to answer various target market-related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for the related market in the forecast period
- Analysis and outcome for the global fiberglass fabric market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecasts that can be referenced to plan business strategies, tap market opportunities, understand business-related risks, derive business goals, recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with the target market, and market investment, and offers insights on political and economic factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in the manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global fiberglass fabric market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the fiberglass fabric market.
- Hangzhou Mingda Glass Finbre Co. Ltd.
- Zhejiang Yuanda Fiberglass Mesh Co. Ltd.
- Changshu Jiangnan GlassFiber Co. Ltd.
- Xiangyang Huierjie Glassfibre
- Chaozhou Chuangjia Group Co. Ltd.
- Saint Gobain (Adfors)
- Valmiera Glass Group
- Stekloplast
- San Diego Seal, Inc.
- Shree Firepack Safety Pvt. Ltd
FAQs
The Fiberglass Fabric Market is segmented into Fabric Type, Fiber Type, Application, and Region
Various factors, including the widespread use of fiberglass fabric in industries such as aerospace, automotive, and construction, the growing demand for lightweight and high-strength materials, and advancements in fiberglass fabric manufacturing processes, are driving the growth of the Fiberglass Fabric Market.
The Fiberglass Fabric Market faces challenges such as competition from alternative materials, environmental concerns related to fiberglass production, and price volatility of raw materials, which act as restraints on its global expansion.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period, indicating its dominance in the Fiberglass Fabric Market.
The key players operating in the target market include Hangzhou Mingda Glass Fibre Co. Ltd., Zhejiang Yuanda Fiberglass Mesh Co. Ltd., Changshu Jiangnan GlassFiber Co. Ltd., Xiangyang Huierjie Glassfibre, Chaozhou Chuangjia Group Co. Ltd., Saint-Gobain (Adfors), Valmiera Glass Group, Stekloplast, San Diego Seal, Inc., and Shree Firepack Safety Pvt. Ltd.