Fiberglass Fabric Market is expected to reach USD XX Billion by 2026 from USD 10.15 Billion in 2018 at a CAGR of XX % .
The Escalating demand, rapid urbanization & industrialization, changing standard of living, product development and technological innovations are factors driving the growth of fiber glass fabric market. But high manufacturing cost of fiberglass fabrics may restrain the market growth.
Fiberglass fabric market based on fiber type has been segmented into E-glass and others. E-glass fabric is major contributors to fiber glass fabric market growth attributed to the large demand from various end-use applications as this fiber exhibits high strength, corrosion resistant, is lightweight, better insulation and also low in cost.
Based on utility, fiberglass fabric market has been segmented into wind energy, electrical & electronics, transportation, marine, construction, aerospace & defense and others. Wind energy application is expected to hold major shares of the market . High demand for fiberglass fabrics in the manufacture of several structural parts of wind turbines as it offers high strength, lightweight and high corrosion resistance properties is driving the growth of wind energy segment.
Geographically, the fiberglass fabric market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific will continue its dominance in fiberglass fabric market attributed to large demand for fiberglass fabric in wind energy, transportation and electrical & electronics applications.
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Scope of the Report:
Fiberglass Fabric Market, by Fiber Type:
• E-glass
• Others
Fiberglass Fabric Market, by Fabric Type:
• Woven
• Non-woven
Fiberglass Fabric Market, by Application:
• Wind Energy
• Transportation
• Electrical & Electronics
• Marine
• Construction
• Aerospace & Defense
• Others
Fiberglass Fabric Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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