According to the recent study the glass fiber textiles market is projected to reach an estimated $5.7 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. Growth in this market is primarily driven by rise in demand for end products, such as printed circuit board (PCBs), wind turbine blades, pipes and tanks, and boat hulls.
Browse 120 figures / charts and 75 tables in this 180 -page report to understand trends, opportunities and forecast in glass fiber textiles market by application (transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, consumer goods, and others), by product (woven roving, non-crimp, woven yarn, CFM/CSM), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Woven yarn market is expected to remain the largest segment during the forecast period.”
Based on product, the glass fiber textiles market is segmented into woven roving, non-crimp, woven yarn, CFM/CSM. Lucintel forecasts that the woven yarn market is expected to remain the largest segment and it is also expected to witness the highest growth over the forecasted period.
“Within the glass fiber textiles market, the electrical and electronics segment is expected to remain the largest application”
Based on application, the electrical and electronics segment is expected to witness the highest growth over the forecast period due to the growth of the printed circuit boards (PCBs) in the electrical & electronic industry. Aerospace & defense is expected to witness highest growth over the forecast period.
“Asia Pacific (APAC) will dominate the glass fiber textiles market in near future”
Asia Pacific (APAC) is expected to be the largest region due to growth in applications, such as electrical & electronics and wind energy. Europe is expected to witness the highest growth over the forecast period.
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Major players of glass fiber textiles market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Owens Corning, SAERTEX, CPIC Fiberglass, Jushi Group, and Taishan Fiberglass are among the major glass fiber textiles providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/glass-fiber-textile-market.aspx or [email protected]
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Lucintel
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