The future of the glass fiber textile market looks promising with opportunities in transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, consumer goods, and others. The global glass fiber textile market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $5.7 billion by 2026 with a CAGR of 4.4% from 2021 to 2026.
The major driver for market growth is the rise in demand for end products, such as printed circuit board (PCBs), wind turbine blades, pipes and tanks, and boat hulls.
Emerging trends, which have a direct impact on the dynamics of the glass fiber textile industry, include high-performance textile for wind energy, high tensile glass fiber textile for construction market, and thinner materials in PCB market. Owens Corning, SAERTEX, CPIC Fiberglass, Jushi Group, and Taishan Fiberglass are among the major glass fiber textile manufacturers.
A total of 120 figures / charts and 75 tables are provided in this 180-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the global glass fiber textile market report, please download the report brochure.
The study includes trends and forecast for the global glass fiber textile market by application, product, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- Wind Energy
- Aerospace & Defense
- Pipe and Tank
- Electrical and Electronics
- Consumer Goods
By Product [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- Woven Roving
- Woven Yarn
By Region [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- North America
- Asia Pacific
- Rest of the World
In this market, woven roving, non-crimp, woven yarn, and continuous filament mat (CFM) / continuous strand mat (CSM) are used for various applications. Lucintel forecasts that woven yarn will remain the largest segment by value and volume and it is also expected to witness the highest growth over the forecasted period.
Within the global glass fiber textile market, electrical and electronics will remain the largest application by value and volume due to the growth of the printed circuit boards (PCBs) in the electrical & electronic industry. Aerospace & defense is expected to witness highest growth over the forecast period.
Asia Pacific (APAC) is expected to remain the largest region by value and volume due to growth in applications, such as electrical & electronics and wind energy. Europe is expected to witness the highest growth over the forecast period.
Features of the Global Glass Fiber Textile Market
- Market Size Estimates: Glass Fiber Textile market size estimation in terms of value ($M) shipment and volume (M lbs)
- Trend and Forecast Analysis: Glass Fiber Textile Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
- Segmentation Analysis: Glass Fiber Textile market size by various segments, such as application, product, and regions in terms of value and volume.
- Regional Analysis: Glass Fiber Textile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different application, product, and regions for the global glass fiber textile market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global glass fiber textile market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global glass fiber textile market by application, product, and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global glass fiber textile market?
Q.5 What are the business risks and threats to the global glass fiber textile market?
Q.6 What are emerging trends in this global glass fiber textile market and the reasons behind them?
Q.7 What are some changing demands of customers in the global glass fiber textile market?
Q.8 What are the new developments in the global glass fiber textile market? Which companies are leading these developments?
Q.9 Who are the major players in the global glass fiber textile market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the global glass fiber textile market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global glass fiber textile market?