Glass Fiber Nonwoven Market REPORT OVERVIEW
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The global glass fiber nonwoven market size was USD 1329 million in 2022 and is projected to touch USD 1827 million by 2031, exhibiting a CAGR of 3.6% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with glass fiber nonwoven market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The composition of glass fibre nonwoven, which is produced by pulling melted glass after it has cooled, is essentially the same as that of glass; non-woven fabrics are typically constructed of polypropylene, polyester, etc. Glass fibre has low elongation, high strength, and resistance to acids and alkalis (various kinds have varied properties). The non-woven fabric's strength is substantial and has an extension. Glass fibre, often known as glass fibre, is a substance made up of multiple, incredibly fine glass fibres. Although glassmakers have experimented with glass fibres throughout history, large production of glass fibre wasn't viable until the development of finer machine tooling.
At the World's Columbian Exposition in 1893, Edward Drummond Libbey displayed a dress made of glass fibres that had the diameter and texture of silk fibres. As with Pele's hair, glass fibres can also be found naturally. Between 1932 and 1933, Games Slayter of Owens-Illinois developed glass wool as a material for use as thermal building insulation. Glass wool is one of the products referred to as "fibreglass" today. It is sold under the trade name Fiberglas, a trademark that has been overused.
COVID-19 Impact: Decline in Sales due to Lockdowns to Hinder Market Growth
Market vendors should concentrate more on the growth prospects in the fast-growing categories while preserving their positions in the slow-growing segments in order to take advantage of the chances and recover from the post-COVID-19 damage. The market projection study for non-woven glass fibre prepreg provides in-depth details on the major vendor profiles.
LATEST TRENDS
"Strong Composite Material with Good Mechanical Qualities to Enhance Market"
The global glass fiber nonwoven market will develop due to the automotive industry's strong adoption. Strong composite material with good mechanical qualities is non-woven glass fibre prepreg. The use of non-woven glass fibre prepregs has lately increased as a result of the rising need for lightweight cars. Stiffness and strength, exceptional heat and corrosion resistance, electrical and chemical properties, and significant weight savings over metal are just a few of the characteristics of non-woven glass fibre prepregs. Sporting goods, aircraft primary structures, load-bearing structures, and vehicles are driving up demand for non-woven glass fibre prepregs. Due to the benefits of non-woven glass fibre prepreg, the majority of automakers have recently switched to high-performance composites.
Glass Fiber Nonwoven Market SEGMENTATION
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- By Type
Based on type market is classified as dry-laid process and wet-laid process.
- By Application
Based on application market is classified as roof material, industrial filtration, plasterboard, electronics & automobiles, floor covering and others.
DRIVING FACTORS
"Increased Demand from End-User Industries to Uplift Market Profile"
One of the main factors fuelling the expansion of the global glass fiber nonwoven industry is the increasing demand from end-user industries. The production of wind energy, aerospace and defence, the automobile industry, the electronics industry, and other end-user industries all make extensive use of non-woven glass fibre prepreg. Due to qualities like high strength, light weight, and outstanding stiffness, it is becoming more and more common in automotive applications. As a result, cars can burn fuel efficiently and affordably. Fibreglass composites have a 10% weight reduction potential for the complete vehicle. These composite materials are 75% and 35% lighter than steel, respectively, then aluminium. The potential of non-woven glass fibre to lower carbon emissions is another significant element influencing the demand for it in automobiles. Demand for non-woven glass fibre prepreg has surged as a result of the European Commission's strict rules on carbon emissions.
"Big Wind Turbine Blades to Attract more Customers"
During the anticipated period, the non-woven glass fibre prepreg market share rise in the wind sector will be high. Due to its superior mechanical and physical qualities, non-woven glass fibre prepreg is becoming more and more in demand for big wind turbine blades. These fibres are strong, stiff, and lightweight with great chemical resistance. They are used to create wind turbine rotor blades, which are incredibly resilient to the elements and require little maintenance. Utilising wind energy to produce energy lowers CO2 emissions and can significantly lessen the effects of global warming on the environment. During the projection period, these factors will raise demand for glass fiber nonwoven.
RESTRAINING FACTORS
"Accessibility of Replacements to Impede Market Growth"
The main obstacle to the expansion of the worldwide glass fiber nonwoven industry is the accessibility of replacements. The global non-woven glass fibre prepreg market faces competition from alternatives such carbon fibre, basalt fibre, and natural fibres. These substitutes are utilised in consumer and industrial goods as well as end-user applications such wind turbines, vehicles, consumer goods, and industrial goods. Due to its lighter weight, higher tensile strength, stiffness, and density when compared to glass fibre, carbon fibres are employed in a wide range of applications. Carbon fibre is frequently used in building, industrial automation, robotics, ship and aeroplane interiors, electronic packaging, and automotive applications. Composites are made by combining carbon fibre with other materials.
Glass Fiber Nonwoven Market REGIONAL INSIGHTS
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"Asia Pacific to Dominate the Market Due to Increasing Demand from End-User Industries"
During the forecast period, Asia Pacific will account for 50% of market growth. The glass fiber nonwoven market in Asia Pacific is dominated by China and Japan. This region's market will expand more quickly than those in other areas. Over the projection period, the non-woven glass fibre prepreg market in Asia Pacific would expand due to the increasing demand from end-user industries. In order to help vendors, create effective business plans, this market research report includes comprehensive information on the competition intelligence, marketing gaps, and geographical prospects available to them.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Johns Manville (U.S.)
- Owens Corning (U.S.)
- Ahlstrom-Munksjö (Finland)
- Hollingsworth & Vose (U.S.)
- NSG (Delhi)
- Hokuetsu Corporation (Japan)
- Jiangsu Changhai Composite (China)
- Lydall (U.S.)
- Chongqing Zaisheng Technology (China)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1329 Million in 2022 |
Market Size Value By |
US$ 1827 Million by 2031 |
Growth Rate |
CAGR of 3.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the global Glass Fiber Nonwoven market? expected to touch by 2031?
The global Glass Fiber Nonwoven market? is expected to touch USD 1827 million by 2031.
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What CAGR is the Glass Fiber Nonwoven market? expected to exhibit during 2031?
The Glass Fiber Nonwoven market? is expected to exhibit a CAGR of 3.6% over 2031.
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Which are the top companies operating in the Glass Fiber Nonwoven market?
ACP Composites Inc., Ahlstrom Munksjo, APCM LLC., BASF SE, Berkshire Hathaway Inc., BPREG Composites, China Jushi Co. Ltd., DIC Corp, Fibrtec Inc., Gurit Holding AG, Hexcel Corp., Huntsman Corp., Jonam Composites Ltd., Owens Corning, SAERTEX GmbH & Co.KG, SAINT GOBAIN ADFORS, SGL Carbon SE, Solvay SA, Taishan Fiberglass Inc., and Toray Composite Materials America Inc. are the top companies operating in the Glass Fiber Nonwoven market.
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Which are the driving factors of the glass fiber nonwoven market?
Increased demand from end-user industries to uplift market profile and big wind turbine blades are the driving factors of the glass fiber nonwoven market growth.
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What is the leading region in the glass fiber nonwoven market?
Asia Pacific to dominate the glass fiber nonwoven market share due to increasing demand from end-user industries.