Sep 1, 2023   SOURCE: BusinessWire

Global Glass Fiber Fabric Market 2023-2028: Gurit, BGF Industries, Owens Corning, Jushi Group, and Hexcel Drive Growth - ResearchAndMarkets.com

The "Glass Fiber Fabric Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global glass fiber fabric market is poised for remarkable expansion, brimming with lucrative opportunities across diverse sectors including aerospace & defense, construction, electrical & electronics, marine, transportation, and wind energy applications.

Forecasts suggest that the global glass fiber fabric market is on track to attain a significant market valuation of $15.3 billion by 2028, fueled by a strong Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2028.

Key Drivers of Growth:

The compelling growth trajectory of the glass fiber fabric market is driven by influential factors including:

Rising Applications: The escalating utilization of glass fiber fabric materials in the production of long, lightweight, and efficient rotor blades, coupled with the burgeoning demand for high-temperature-resistant textiles across a spectrum of industries such as electronics and construction, are key drivers propelling market growth.

Glass Fiber Fabric Market Segmentation:

The comprehensive study encompasses diverse facets of the global glass fiber fabric market, segmented based on factors including:

Product Type:

  • E-Glass
  • S-Glass
  • Others

Fabric Type:

  • Woven
  • Nonwoven

Application:

  • Aerospace & Defense
  • Construction
  • Electrical & Electronics
  • Marine
  • Transportation
  • Wind Energy
  • Others

Leading Glass Fiber Fabric Companies:

Key players within the glass fiber fabric market are leveraging strategic initiatives to meet escalating demand, enhance competitive prowess, foster innovation, optimize production costs, and broaden their customer base. The report profiles some of the prominent global glass fiber fabric companies, including:

  • Owens Corning
  • Jushi Group
  • Gurit
  • Hexcel
  • BGF Industries

Market Insights and Growth Opportunities:

Notable insights and growth opportunities within the global glass fiber fabric market include:

  • The woven fabric type is projected to retain its larger market share over the forecast period, attributed to its superior performance compared to nonwoven materials.
  • The construction segment is poised to maintain its dominant position, driven by significant use of glass fiber fabrics for structural reinforcement in architectural and building projects, underpinned by enhanced resistance to stress, chemicals, and corrosion.
  • The Asia-Pacific region is anticipated to remain the largest region, fueled by surging production in construction, aerospace & military, and wind energy domains, accompanied by substantial fiberglass consumption in China.

Features of the Glass Fiber Fabric Market Report:

The comprehensive report encompasses a range of valuable features, including:

  • Market size estimates, presenting an exhaustive assessment of market value in terms of value ($B).
  • Trend and forecast analysis spanning from 2017 to 2028, segmented by diverse factors including product type, fabric type, application, and region.
  • Segmentation analysis, elucidating market size based on a spectrum of dimensions.
  • Regional analysis, offering insights into market dynamics across North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities, analyzing prospects across different product types, fabric types, applications, and regions within the glass fiber fabric market.
  • Strategic analysis, encompassing M&A, new product development, and competitive landscape within the glass fiber fabric market.
  • Analysis of competitive intensity within the industry based on Porter's Five Forces model.

Addressing Key Questions:

The report comprehensively addresses pivotal questions, providing strategic insights:

  • What are the most promising high-growth opportunities in the global glass fiber fabric market based on product type, fabric type, application, and region?
  • Which segments are poised for accelerated growth and why?
  • Which regions are projected to experience the highest growth and why?
  • What factors are influencing market dynamics, including drivers and challenges?
  • What are the business risks and competitive threats within the market?
  • What are the emerging trends and their drivers?
  • What are the changing customer demands in the market?
  • What are the new developments in the market, and which companies are leading these innovations?

To access the full report and gain comprehensive insights into trends, growth prospects, and strategic implications within the global glass fiber fabric market, interested parties are encouraged to explore the comprehensive findings.

For more information about this report visit https://www.researchandmarkets.com/r/x7moiv

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