Fiberglass Fabric Market Key Market Drivers, Challenges, Enabling Technologies, Key Player and their Key Strategies 2028

Posted on 2018-07-13 by Mark Hub in Chemicals // 0 Comments

Rockville, US, 2018-Jul-13 — /EPR Network/ —Introduction:

Glass fibers are inorganic, nonmetallic materials, generally derived from natural materials, such as quartz, limestone, sand, kaolin and dolomite, among others. With the development of modern material science and technology, several routes for fiber glass production have been invented. Among these routes, industrial production of glass fibers in combination with chemicals, such as boric acid, soda ash, etc. (as raw materials), is mostly preferred. In this route, the mixture is melted and simultaneously drawn, spun or drown into fine fibrous materials in a molten state under pressure. According to the composition and performance, glass fibers are divided into non-alkali, medium, high and customized or special glass fibers. Glass fiber has several properties, such as high temperature resistance, non-flammability, low hygroscopicity, corrosion resistance, high tensile strength, good chemical stability, good electrical insulation and thermal insulation, amongst others. Owing to these properties, fiberglass is prevalently used and has become an indispensable part of the consumer electronics, automobiles and tele-communications industries. Glass fibers can be made into various forms, such as yarns, fabric and belts, among others.

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Fiberglass fabric is a material, woven or non-woven, made from glass fibers. These glass fibers are textured in such a way that air pockets are created within glass traps. The resultant fiberglass fabric has high strength, low density and high thermal insulation, among other properties, owing to which it finds application in several industrial as well as defense sectors. Due to its thermal insulation property, fiberglass fabrics are used in application where high temperature resistance and thermal barriers are required. These fiberglass fabrics are classified mainly into E- and S-class. In industrial application, E-Glass fiberglass fabrics are preferred owing to their strength. However, S-class fiberglass fabrics are made up of high strength-rigidity glass material and used in high-end applications.

Market Dynamics:

Increasing demand for high performance materials for the manufacturing of electronics and high-end products across the globe are the major driving factors for the growth of the fiberglass fabric market. Rising demand for fiberglass fabric for thermal insulation application, especially in power generation plants, will aid the growth of Fiberglass Fabric market. Moreover, government initiatives to promote renewable energy and new and upcoming power projects across the globe, will in turn, resulted into increasing demand in the fiberglass fabric market. Also, increasing demand for printed circuit boards across the globe will help to drive the fiberglass fabric market. However, high cost of production may hamper the growth of fiberglass fabric market. Also, fluctuating raw material prices may affect the market significantly.

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Regional Outlook:

The global Fiberglass Fabric market is dominated by the Asia Pacific (APAC) region in term of production and consumption. In APAC, China, Japan and South Korea are expected to dominate the Fiberglass Fabric market owing to the presence of major manufacturing players and mainly due to the growing end-use industries, such as electronic, wind energy, automotive and high-end products, among others. It is estimated that APAC will remain the major market for Fiberglass Fabric and is projected to register healthy CAGR over the forecast period. Europe is the second largest market for Fiberglass Fabric market owing to the increasing regulatory pressure and increasing investment in renewable energy sector that resulted into rise in demand for Fiberglass Fabric and it is expected to register significant growth over the forecast period. North America is expected to dominate the Fiberglass Fabric market and is projected to register healthy CAGR over the forecast period. Furthermore, Latin America and Middle East & Africa (MEA) is expected to register slow growth in the fiberglass fabric market during the forecast period.

Key Player:

Some of the key player identified across the value chain of the Fiberglass Fabric market are:

Chomarat Textile Industries
Gurit
Saint-Gobain Performance Plastics
Asahi Kasei Corporation
Porcher Industries
Saertex GmbH & Co.Kg.
Hexcel Corporation
Taiwan Electric Insulator Co. Ltd
Nitto Boseki Co., Ltd., among others

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