Glass Fiber Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Glass Fiber Textiles Market Introduction
Glass fiber textile refers to the textile made using glass fibers. Glass fiber also known as fiberglass is the material made using fine fibers of glass. It is a lightweight, robust, and strong material. Glass fibers are used as the reinforcing agent in many products to form the lightweight fiber reinforced polymers. The most common type of glass fiber used in fiberglass in E-glass. Other types of glass used are A-glass, D-glass, C-glass, R-glass.
The technique of heating the glass and drawing it into fine fibers is well-known, however, the application of these fibers is more recent in textile. With specific tensile strength as compared to the steel wire of the same strength, glass has emerged as one of the strongest textile fibers. Owing to the heat, fire, and chemical resistance, and good thermal properties, glass fiber textile is used on a large scale in construction, defence, marine, and electronics.
Glass Fiber Textiles Market: Notable Highlights
Some of the most prominent competitors operating in the competitive landscape of global glass fiber textiles market include –
Glass Fiber Textiles Market Dynamics
Glass Fiber Textile Gaining Traction in Wind Energy
Wind energy is fast emerging as an alternative energy source, which is driving the development of wind turbines to transform wind energy to electrical energy. With an aim to produce lightweight products and parts in wind turbine including wind blades, the demand for composite materials with a plastic matrix is increasing. The use of glass fiber has significantly increased in the production of wind turbine blades as compared to the carbon fiber. Despite the low weight, carbon fiber is expensive and require specific technical specs during manufacturing.
Glass fiber, specifically E-glass is widely adopted among wind turbine manufacturers owing to the durability, corrosion-free, and long lifespan. The demand for lightweight and durable wind turbines is expected to increase in coming years with various countries focusing on the expansion of the renewable energy sector.
Automotive Industry Presents High Potential Market for Glass Fiber Textile
Glass fiber textile application is on a rise in the automotive industry with increasing focus of automotive manufacturers to produce lightweight vehicles. Fiberglass yarns are being largely used in automotive applications for temperature resistance, and to meet tensile strength. Automotive manufacturers are widely using composite materials including reinforced plastic and polymers owing to the new emissions standards and fuel economy driving significant changes in the automotive industry. In recent years, acoustic textiles in vehicles have started using glass fibers to reinforce hard composite panels and offer sound isolation. OEMs in the automotive industry are focusing on using lightweight materials including glass fiber based non-woven prepreg.
Increasing Use of Carbon-Fiber Textile to Challenge Glass Fiber Textile Market Growth
Various industries are using carbon fiber textile over glass fiber textile materials on basis of various factors such as toughness, rigidity, and weight. For instance, in terms of weight, carbon fiber is much lighter than glass fiber, this makes it popular in weight-critical performance products and is widely used in mini-quad frames. Moreover, carbon fiber is more rigid than fiberglass, hence, carbon fiber is a top choice for industries with a need for a small amount of flexibility in products.
Carbon fiber is being used on a large scale in the automotive and marine industry owing to the increasing need for strength and rigidity in various components. However, in terms of cost, glass fiber is more cost-effective than carbon fiber owing to the long strands of carbon fiber which are expensive and difficult to manufacture.
Glass Fiber Textiles Market Segmentation
Based on the product type, the glass fiber textiles market is segmented into
Based on the application, the glass fiber textiles market is segmented into
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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