The global fiberglass fabric market is projected to reach USD 13.48 billion by 2022. The key factor expected to drive the growth of the fiberglass fabric market is the increasing demand for corrosion and heat resistant, lightweight, high strength materials from the wind energy, transportation, marine, and electrical & electronics applications. The high production cost of fiberglass fabrics is restraining the growth of the market.
Based on fiber type, E-glass fabric is projected to be the fastest-growing in the fiberglass market by type, in terms of value
E-glass fibers are cost-efficient and offer a wide range of properties such as corrosion resistance, lightweight, high electrical insulation, moderate strength, and are the most widely used fiber type in the manufacture of fiberglass fabrics.
Woven fabrics to lead the fiberglass fabric marke
Various types of woven fabrics include plain, twill, satin, weft knitted, wrap knitted, and others. These techniques are used as per requirements for applications in terms of strength and flexibility. Moreover, the interlocked layers of woven fabrics help prevent delamination and therefore offer high impact resistance which is greater than that of multiaxial non-woven fabrics, thus driving the use of woven fabrics in various applications
The Asia Pacific is expected to be the fastest-growing fiberglass fabric market
The Asia Pacific is expected to be the fastest-growing fiberglass fabric market during the forecast period, which is driven by the increasing use of fiberglass fabrics in the wind energy, electrical & electronics, transportation, and construction applications. Also, while governments are increasing expenditures for sustainable energy, the infrastructural and manufacturing sectors too are expected to create higher demand for fiberglass fabric.
Post time: May-12-2021