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Global Nonwoven Fiberglass Fabric Market Research Report 2024(Status and Outlook)

Global Nonwoven Fiberglass Fabric Market Research Report 2024(Status and Outlook)

  • Published on : 15 October 2024
  • Pages :125
  • Report Code:SMR-8013049

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Report overview

The global Nonwoven Fiberglass Fabric market size was valued at US$ 1.85 billion in 2024 and is projected to reach US$ 2.56 billion by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
The United States Nonwoven Fiberglass Fabric market size was valued at US$ 452.3 million in 2024 and is projected to reach US$ 601.7 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
Nonwoven Fiberglass Fabric is a versatile material made from glass fibers bonded together through mechanical, thermal, or chemical processes, offering high strength, dimensional stability, and resistance to heat and chemicals, used in various applications including construction, filtration, and composites.
The global Nonwoven Fiberglass Fabric market is growing steadily, driven by increasing demand in construction and infrastructure development, growing adoption in automotive lightweight materials, and expanding applications in filtration and insulation. In 2023, global production of nonwoven fiberglass fabric reached approximately 1.2 million metric tons, with Asia-Pacific accounting for 45% of production. The construction sector remains the largest consumer, representing 40% of demand, followed by automotive at 25% and filtration at 20%. The market saw a significant boost from the recovery of the construction industry post-pandemic, leading to a 10% increase in demand for fiberglass-based roofing materials and wall coverings in 2023. Technological advancements have focused on improving strength-to-weight ratios and enhancing processability, with new fabric designs offering up to 25% higher tensile strength at equivalent weights compared to 2020 standards. The market is witnessing strong growth in high-performance nonwoven fiberglass for advanced composites, increasing at 8% annually, driven by demands in aerospace and wind energy sectors. In 2023, stricter energy efficiency regulations in buildings led to a 15% increase in the adoption of fiberglass-based insulation materials. The industry faces challenges from competition with other advanced materials, but the cost-effectiveness and versatility of nonwoven fiberglass continue to secure its position in various applications. Emerging applications in energy storage, particularly as separators in advanced batteries, are showing significant promise, with specialized nonwoven fiberglass fabrics for this sector growing at 18% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from innovations in bio-based binders and recycling technologies, with eco-friendly nonwoven fiberglass products projected to grow at 12% CAGR through 2030.
Report Overview This report provides a deep insight into the global Nonwoven Fiberglass Fabric market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Nonwoven Fiberglass Fabric Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Nonwoven Fiberglass Fabric market in any manner. Global Nonwoven Fiberglass Fabric Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company Owens Corning Gurit Hexcel Corporation BGF Industries Auburn Manufacturing Mid-Mountain Material ValuTex Reinforcement Colan Australia Atlanta Fiberglass TEI Composites Corporation Amatex Market Segmentation (by Type) E-Glass S-Glass Others Market Segmentation (by Application) Aerospace & Defense Construction Electrical & Electronics Marine Transportation Wind Energy Others Geographic Segmentation