Global Glass Fiber Textiles Market Size By Product, By Application, By Geographic Scope And Forecast
Report ID: 17517|No. of Pages: 202
Global Glass Fiber Textiles Market Size By Product, By Application, By Geographic Scope And Forecast
Glass Fiber Textiles Market Size And Forecast
Glass Fiber Textiles Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e 2024 to 2031.
Glass fibers are used as primary carriers, providing high specific strength while also intending to make the concrete flexible and crack-resistant. Alkali-resistant glass fibers are widely used in construction materials. Glass fibers are progressively being used in housing construction in developed countries such as the US The growing economies of emerging countries such as China and India are boosting robust infrastructure construction. The Global Glass Fiber Textiles Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the marke
Global Glass Fiber Textiles Market Drivers
The market drivers for the Glass Fiber Textiles Market can be influenced by various factors. These may include:
- Growing Need in the Construction Sector: Glass fiber textiles are becoming more and more popular in applications including wall coverings, roofing, and insulation as a result of the industry’s growing need for strong, lightweight, and corrosion-resistant materials.
- Growth in the Automotive Industry: Glass fiber textiles are being more widely used in car components as a result of the industry’s desire for lightweight materials to increase fuel economy and lower emissions.
- Technological Advancements in Wind Energy: The market is growing rapidly as a result of the wind energy sector’s expansion, which uses glass fiber textiles to manufacture wind turbine blades.
- Glass fiber textiles: are becoming more and more popular in the aerospace sector as a result of the industry’s need for lightweight, high-strength materials for aircraft components.
- Growing Infrastructure Development: Because of its capacity for structural reinforcement, glass fiber textiles are becoming more and more in demand, especially in emerging nations where infrastructure developments are taking place.
- Environmental restrictions: Because glass fiber textiles are thought to be more environmentally friendly than traditional materials, industries are being forced to use them due to strict environmental restrictions.
- Technological Innovations: Glass fiber fabrics are becoming more versatile and have better qualities because to ongoing improvements in production methods.
- Expanding Marine Applications: The market for glass fiber textiles is being driven by the marine industry’s requirement for strong, corrosion-resistant materials for boats and marine constructions.
- Glass fiber fabrics : are becoming more and more popular in a variety of safety-critical applications due to their exceptional fire resistance and insulating qualities.
- Cost-Effectiveness: Glass fiber fabrics are becoming more and more popular in a variety of industries because to their superior performance qualities and cost-effectiveness.
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Global Glass Fiber Textiles Market Restraints
Several factors can act as restraints or challenges for the Glass Fiber Textiles Market . These may include:
- High creation Costs: The creation of glass fiber textiles requires a significant amount of energy and costly raw materials, which raises the cost of production.
- Health and Safety Concerns: Working with and handling glass fiber textiles can lead to health problems, including respiratory problems and skin irritation, which may restrict their use in some applications.
- Recycling Difficulties: Textiles made of glass fibers are challenging to recycle, and ineffective recycling methods can lead to issues with the environment and regulations.
- Competition from Alternatives: Alternative materials that might provide better qualities for particular applications, such carbon fiber, aramid fiber, and natural fibers, compete with the market.
- Economic downturns: The demand for glass fiber textiles can be adversely affected by reductions in investments made in important end-use industries such as aerospace, automotive, and construction.
- disturbances in the Supply Chain: The continuous production of glass fiber textiles may face difficulties due to its reliance on a regular supply of raw materials and possible disturbances in the supply chain.
- Technological Barriers: Not all manufacturers may have access to the sophisticated production techniques and technology needed to produce high-quality glass fiber textiles, which could restrict market expansion.
- Environmental Regulations: Tight environmental rules pertaining to the manufacture and disposal of textiles made of glass fibers may raise expenses of operations and make compliance more difficult.
- Restricted Awareness and Adoption: Glass fiber textiles are not widely known or used in some areas, especially in developing countries where traditional materials are still widely used.
- Volatility in Raw Material Prices: Glass fiber textile producers’ cost structures and pricing strategies may be impacted by swings in the cost of raw materials, such as silica sand and other minerals.
Global Glass Fiber Textiles Market Segmentation Analysis
The Global Glass Fiber Textiles Market is segmented on the basis of Product, Application, And Geography.
Glass Fiber Textiles Market, By Product
- Woven Roving
- CFM/CSM
- Multi-Axials
- Fabric
Based on Product, The market is segmented into Woven Roving, CFM/CSM, Multi-Axials, and Fabric. Woven Roving has the largest growing segment of the Global Glass Fiber Textiles Market. Woven Roving has a huge dominance in the electrical and electronics, as well as transportation sectors, owing to its improved control over power, width, and weight when compared to conventional product types. Due to their exceptional corrosion resistance, thermal conductivity, electrical characteristics, and portability, glass fiber yarns are used for a wide range of applications.
Glass Fiber Textiles Market, By Application
- Automotive
- Industrial/Commercial Equipment
- Marine
- Construction
- Consumer Goods
- Electrical and Electronics
- Paper & Fabrics
Based on Application, The market is segmented into Automotive, Industrial/Commercial Equipment, Marine, Construction, Consumer Goods, Electrical and Electronics, Paper & Fabrics, and Others. Electrical and Electronics have the highest growing segment of the Global Glass Fiber Textiles Market. Glass fiber textiles extend more before breaking than competing textiles, trying to make this one-of-a-kind material famous in the electrical and electronics over the projected period.
Glass Fiber Textiles Market, By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
On the basis of Geography, The Global Glass Fiber Textiles Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. The Asia Pacific is projected to be the largest growing market over the forecasted period. The electrical and electronics, as well as the automotive industries, are driving this region The region is also predicted to face the greatest growth over the forecast period as a result of heavy investment in the wind energy sector, a constant shift in the electronics industry toward Asia, and as a manufacturing center for the transport and construction sectors.
Key Players
The “Global Glass Fiber Textile System Market” study report will provide valuable insight with an emphasis on the global market. The main players in the market are 3B-the fiberglass, AGY Holding, China Fiberglass, PPG Industries, Saint-Gobain Vetrotex Deutschland GmbH, Taishan Fiberglass, Nippon Electric Glass, Owens Corning, OCV Reinforcements, Chongqing Polycom International, Johns Manville. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| KEY COMPANIES PROFILED | 3B-the fiberglass, AGY Holding, China Fiberglass, PPG Industries, Saint-Gobain Vetrotex Deutschland GmbH, Taishan Fiberglass, Nippon Electric Glass, Owens Corning, OCV Reinforcements, Chongqing Polycom International, Johns Manville. |
| SEGMENTS COVERED | By Product, By Application, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL GLASS FIBER TEXTILES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL GLASS FIBER TEXTILES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL GLASS FIBER TEXTILES MARKET, BY PRODUCT
5.1 Overview
5.2 Woven Roving
5.3 CFM/CSM
5.4 Multi-Axials
5.5 Fabric
6 GLOBAL GLASS FIBER TEXTILES MARKET, BY APPLICATION
6.1 Overview
6.2 Automotive
6.3 Industrial/Commercial Equipment
6.4 Construction
6.5 Consumer Goods
6.6 Electrical and Electronics
6.7 Paper & Fabrics
6.8 Marine
6.9 Others
7 GLOBAL GLASS FIBER TEXTILES MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.3 Canada
7.2.4 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL GLASS FIBER TEXTILES MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 AGY Holding
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 China Fiberglass
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 PPG Industries
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Saint-Gobain Vetrotex Deutschland GmbH
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Taishan Fiberglass
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Owens Corning
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 OCV Reinforcements
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Johns Manville
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 3B-the fiberglass
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Nippon Electric Glass
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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