The global glass fiber fabric market is projected to reach $15.3 billion by 2028, at a CAGR of 6.5% during 2023-2028. The growth of glass fiber fabric market is driven by increasing usage of these materials in the manufacture of long, light, and effective rotor blades and escalating demand for high-temperature-resistant textiles across a variety of end use industries, such as the electronics and construction sectors.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the glass fiber fabric market by product
(e-glass, s-glass, and others), fabric type (woven and nonwoven), application
(aerospace & defense, construction, electrical & electronics, marine,
transportation, wind energy, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the glass fiber fabric market?
Q.4 What are some
changing demands of customers in the glass fiber fabric market?
Q.5 What are the new
developments in the glass fiber fabric market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this glass fiber fabric area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this glass fiber fabric market?
Market Segmentation:
Based on fabric type,
the glass fiber fabric market is segmented into woven and nonwoven. The woven
segment accounted for the largest share of the market in 2023 and is expected
to register the highest CAGR during the forecast period, due to because it
ensures better performance over nonwoven materials.
APAC will remain the
largest region due to the increasing production of construction, aerospace
& military, and wind energy products and enormous fiberglass consumption in
China.
Key Players in the glass
fiber fabric market are Owens Corning, Jushi Group, Gurit, Hexcel, and BGF
Industries.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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