Fiberglass Fabric Market to thrive with the proliferating wind energy projects

Fiberglass Fabric Market to thrive with the proliferating wind energy projects
Market Overview
Market Data Forecast published the report for fiberglass fabric market. The global Fiberglass
fabric market was worth USD 10.23 Billion in 2019, and it is projected to witness a CAGR of
6.5% by 2024.
Fiberglass Wind Turbine Blades made using stranded S-glass and E-glass fabrics stitched and
impregnated with polyester, vinyl ester, or epoxy matrix. These composites provide high
strength for manufacturing efficient and lightweight rotor blades for large wind turbines,
maintaining price efficiency.
Increasing demand for this merchandise in the construction of long, lightweight, and
efficient rotor blades, with excellent corrosion resistance, and thermal and electrical
insulation properties, for wind energy production, is likely to be a significant trend stoking
market development.
However, the high requirement of composite materials from several applications has
expected to hamper the popularity for fibreglass, as many of the manufacturers are using
composite materials to progress lightweight products.
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Report is segmented
By Fiber Type
By Application
Wind Energy
Electrical & Electronics
Aerospace & Defense
Geographical Segmentation:
Based on geography, the market divided under many countries such as North America,
Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is ruling the global fiberglass
fabric market.
Key market players:
Saertex Gmbh & Co. KG. (Germany)
Owens Corning (US)
Chomarat Textile Industries (France)
Porcher Industries (France)
Jushi Group Co., Ltd. (China)
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations
of market potential and forecasts with utmost granularity. Along this, the factors influential
in influencing the market dynamics and trends discussed in detail at the product level.
Further, the performance of the market at the regional and country-level had assessed and
the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategically activities
of the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry had
provided. The report also provides a broad outlook of the current market along with
recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you
in making well-informed decisions.
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Fiberglass Fabric Market is a growing market with an average CAGR of 7.7 % during the forecast period. As of 2018, the Fiberglass Fabric Market industry is valued at 10.14 billion USD, and it is estimated to reach 14.69 billion USD by the year 2023.