Fiber Glass Mesh Market Size, Share, Growth, and Industry Analysis by Material (C-Glass, E-Glass, and Others) By Application (Wall Reinforcement and Insulation, Building Waterproofing, and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Fiber Glass Mesh Market Report Overview

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The global fiber glass mesh market size was USD 406.7 million in 2022 and is projected to touch USD 598.76 million by 2031, at a CAGR of 4.4% during the forecast period.

Fiber glass mesh is a crisscross pattern of fiberglass. It is neatly woven which is used to create new products such as filters and tape.

The fiber glass mesh market growth can be attributed to the growing use of insulation products in commercial and residential building. Increased technological advancements such as developments in nanotechnology is estimated to fuel market progress. The product offers to improved quality and reduced cost of production. These factors are predicated to expand market growth over the forecast period. Increased demand from the construction sector coupled with growing environmental concerns is predicated to upsurge market growth in the upcoming period. Increased new building construction coupled with high demand for green buildings are anticipated to expand market growth. Rising number of population and expanding gross domestic product (GDP) is projected to surge market growth. However, economic recession and high manufacturing cost is anticipated to hamper market growth.

COVID-19 Impact: Lower Demand for the Product to Hamper Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with fiber glass mesh experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Lockdown restrictions during COVID-19 pandemic obstructed the production activities. Lower demand for the product and strict government regulation minimized market progress. Shutdown of manufacturing units and supply & chain disruption. These factors affected market growth during the pandemic period.

LATEST TRENDS

"Growing Adoption of C-Glass to Incite Market Growth "

Increased demand for C-glass is estimated to surge market growth. The C-glass is extensively used in commercial fiberglass mesh. The product has good resistance to corrosion, high tensile strength, and wear & tear. These properties of the product are anticipated to expand market growth.  It also provides fire protection, excellent thermal insulation, noise reduction, and glare prevention at the same time are anticipated to accelerate market growth during the coming years. The product is extensively used in buildings applications such as building waterproofing or external water insulation. In addition, the product is used in industrial applications such as working platforms and reinforcing for concreate structures. These advantages of the product are predicted to expand fiber glass mesh market growth.

Fiber Glass Mesh Market Segmentation

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• By Type

Based on type, the market is divided into C-glass, E-glass, and others.

C-glass is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into wall reinforcement and insulation, building waterproofing, and others.

Wall reinforcement and insulation is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increased Demand for E-Glass to Foster Market Growth"

Growing need for E-glass is estimated to fuel market growth. The product is extensively used in construction and insulation sector. The product is different from other types as it has electrical application. The properties of the product make it a good choice for manufacturing insulation. The electrical properties used in variety of applications during risk of contact with electric voltage or live electricity. These advantages of the product are predicated to expand market growth over the forecast period. Further, high adoption of the product for external wall insulation for its good fire protection properties is anticipated to surge market growth. It has enhanced insulation for better energy efficiency is predicated to propel market growth. Increased technological advancements such as developments in nanotechnology is estimated to fuel market progress. The product offers to improved quality and reduced cost of production. These factors are predicated to expand market growth over the forecast period. Increased demand from the construction sector coupled with growing environmental concerns is predicated to upsurge fiber glass mesh market growth in the upcoming period.

"High Demand for Building Waterproofing to Incite Market Growth"

Increased demand for building waterproofing is projected to surge market growth. The product is used in buildings as a waterproofing material. It offers preventing ice formation on the inside of windows, walls, or other building components are estimated to propel market growth. The product often increases insulation value due to its reduced air infiltration. These factors are anticipated to expand market growth over the estimated period.

RESTRAINING FACTORS 

"Economic Recession and High Manufacturing Cost to Hamper Market Growth"

Economic recession and high manufacturing cost is anticipated to hamper fiber glass mesh market growth.

Fiber Glass Mesh Market Regional Insights

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"Increased Demand from Construction Sector in North America to Surge Market Growth"

North America is anticipated to hold the highest fiber glass mesh market share owing to increased demand from the construction sector. Rise in environmental concern coupled with high Increased investment by prominent market players are anticipated to fuel market growth. Increased awareness about building insulation is predicated to surge market growth.

Europe is projected to hold second largest position due to increased demand for building insulation solution. 

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Jiangxi Dahua Fiberglass Group (China)
• JIANGSU AMER NEW MATERIAL (China)
• Luobian (China)
• Grand Fiberglass (China)
• MINGDA (China)
• DuoBao (China)
• Zhejiang Yuanda Fiberglass (China)
• Tianyu (China)
• Changshu Jiangnan Glass Fiber (China)
• XiangYang Huierjie Glassfibre (China)
• Chuangjia Group (China)
• Adfors (France)
• Valmiera Glass (U.K.)
• Vitrex (Gruppo Stamplast) (France)
• Mapei (Italy)
• Armastek (U.S.)
• Masterplast

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.