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    Glass Fiber Textiles Market Report

    Glass Fiber Textiles Market Report
    Report code - SRAM573 Published On : Feb,2021 No. of Pages: 200
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    Glass Fiber Textiles Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-20 See more...

    Impact of COVID-19 on Glass Fiber Textiles Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Glass Fiber Textiles Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Glass fiber textiles have ubiquitous dominance with more than 85% share of the overall composite textiles market in 2020 in terms of value. It is best suitable for a pool of applications such as boat hulls, wind blades, automotive body panels, rail partitions, and architectural decorative parts. Owing to excellent dielectric property and better thermal and chemical resistant properties, the demand for glass fiber textiles is mushrooming in all the major composite markets. Glass fiber textiles have come to the light as one of the strongest textiles due to their specific tensile strength as compared to steel wire. Growing demand across the major industry verticals, such as wind energy, automotive, construction, pipe & tank, and automotive, is likely to create a healthy demand in the coming years.

    Impact of COVID-19 on the Glass Fiber Textiles Market

    The glass fiber textiles market has been one of the major victims of the pandemic, recording a hefty decline in 2020. On one side, some end-use industries, such as consumer goods, pipe & tank, construction, and transportation, have experienced hefty declines in the wake of the pandemic, whereas, on the other side, wind energy and recreational boats emerged as sailors and surfaced the dwindling stakeholders’ revenue decline to an extent.

    The long-term outlook seems promising with an increase in the demand for wind turbines, recreational boats, and PCBs. Furthermore, expected rebound in the demand for automobiles, the construction sector, and pipe & tank may give an additional impetus to the demand for glass fiber textiles in the coming five years. Stratview Research’s estimates suggest that the market is likely to pick up the pace from 2021 onwards to reach an estimated value of US$ 6.1 billion in 2026.

    Glass-Fiber-Textiles-Market-Forecast

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    Segments' Analysis

    Glass Fiber Textiles Market Share by Product Type

    Based on the product type, the market is segmented into woven textiles, woven yarn, multi-axials, and CFM/CSM. Woven yarn is anticipated to maintain its lead during the forecast period. Huge dominance of woven yarn in the electrical & electronics and transportation industries, owing to its better control over strength, thickness, and weight as compared to conventional product type. PCB laminate is one of the key application areas where glass fiber yarns are used in the wake of impressive corrosion resistance, thermal conductivity, dielectric properties, and lightweight.

    Glass Fiber Textiles Market Share by End-Use Industry Type

    Based on the end-use industry type, the market is segmented as transportation, marine, construction, pipe & tank, consumer goods, wind energy, electrical & electronics (E&E), and Others. Electrical & Electronics (E&E) is anticipated to be the largest market for glass fiber textiles in the coming five years, whereas transportation is likely to be the fastest-growing segment for the same period. Glass fiber textiles can go through more elongation before they break as compared to the competing textiles, making this unique material preferred in the electrical & electronics (E&E) and transportation industries. Wind energy also accounts for a sizeable demand in the market.

    Glass-Fiber-Textiles-Market-By-End-Use

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    Regional Insights

    Among regions, Asia-Pacific is expected to remain the dominant market during the forecast period, driven by the electrical & electronics, and automotive industries. The region is also likely to log the highest growth during the forecast period in the wake of the enormous investment in the wind energy sector, a continuous shift of the electronics industry towards Asia, and a manufacturing hub of the transportation and construction sectors. China acts as the growth engine with Japan and India being other key markets in the region.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period          

    2015-2026

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Size in 2026

    US$ 6.1 billion

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, Spain, Italy, China, Japan, India, Brazil, Argentina and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The global glass fiber textiles market is segmented into the following categories.

    Glass Fiber Textiles Market Size, Share & Forecast, By Product Type

    • Woven Yarn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Woven Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Multi-Axials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • CFM/CSM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Textiles Market Size, Share & Forecast, By Process Type

    • Hand Layup (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resin Infusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pultrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Prepreg Layup (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Textiles Market Size, Share & Forecast, By End-Use Industry

    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pipe & Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronic (E&E) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Textiles Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Russia, Spain, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Key Players

    The supply chain of this market comprises raw material suppliers, glass fiber textile manufacturers, tier players, OEMs, and end-users.

    The key glass fiber textile manufacturing companies are-

    • Owens Corning
    • Jushi Group
    • Sinoma Science & Technology (CTG Taishan Fiberglass)
    • Kingboard Laminates
    • Full tech Fiberglass Corp.
    • Saertex
    • Taiwan Glass Group
    • CPIC

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted about 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s glass fiber textiles market realities and future possibilities for the forecast period of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for glass fiber textiles at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factor

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market size (2020) of any one of the product types by end-use industry

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The glass fiber textiles market size is expected to witness an impressive CAGR to reach US$ 6.1 billion in the foreseeable future.

    Owens Corning, Jushi Group, Sinoma Science & Technology (CTG Taishan Fiberglass), Kingboard Laminates, Full tech Fiberglass Corp, Saertex, Taiwan Glass Group, and CPIC are among the key players in the glass fiber textiles market.

    Asia-pacific is expected to remain dominant region in the glass fiber textiles market during the forecast period of 2021-26.

    Woven yarn is expected to maintain its lead in the glass fiber textiles market in the coming five years.

    Electrical & Electronics (E&E) is expected to be the largest glass fiber textiles market during the next five years.

    The supply chain of glass fiber textiles market comprises raw material suppliers, glass fiber textile manufacturers, tier players, OEMs, and end-users.

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