The fiberglass fabric market is expected to grow significantly during the forecast period (2018-2023). A fiberglass fabric is a type of fiber plastics that is strengthening using glass fiber. Glass fiber is a material that is formed with short thin threads of glass. It is a green, energy efficient and sustainable material. Its application includes house building, piping, traffic lights, water slides and many more. The Global fiberglass fabric market is growing significantly due to the presence of various drivers which includes growing population and rapid urbanization which increase the development of industrialization in emerging economies. Increasing use of fabrics in various applications such as aerospace, Defence, transportation, electrical and construction has enhanced the growth of the market. Use of green sustainable material and changing standard of living of people across the globe has also contributed for the emergence of the market.
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New product development, Improvement of infrastructural facilities and development of manufacturing sector has created a future opportunity for the emergence of fiberglass fabric market. However, factors such as lack of awareness among people regarding benefits or uses of fiberglass fabric and high cost of production figured as the constraints for the market growth.
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MARKET SEGMENTATION
BY FABRIC
- WOVEN
- NON- WOVEN
BY APPLICATION
- CONSTRUCTION
- WIND ENERGY
- ELECTRICAL & ELECTRONICS
- TRANSPORTATION
- AEROSPACE & DEFENCE
- OTHERS (MARINE)
COMPETITIVE LANDSCAPE
- KEY MARKET STRATEGIES
- KEY COMPANY ANALYSIS
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