Fiberglass Fabric Market Forecast To 2023

The fiberglass fabric market is expected to grow significantly during the forecast period (to 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.

New product development, Improvement of infrastructural facilities and development of manufacturing sector has created a future opportunity for the emergence of fiberglass fabric market.
The market can be segmented on the basis of fabric (woven and non-woven) and applications (including construction, wind energy, electrical and electronics, transportation, aerospace and defense and others such as marine. Among the type of fabric, the market is expected to be dominated by woven fabrics due to its feature of interlocked layers that prevent delamination and offer high impact resistance which is greater than that of multiaxial non-woven fabrics. This factor drives the use of woven fabrics in various applications.