Glass Fiber Textile Market Trends and Forecasts
Lucintel finds that the future of the global glass fiber textile intermediate material market looks promising with opportunities in the transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, and consumer goods applications. The global glass fiber textile market is expected to reach an estimated $9 billion by 2031 with a CAGR of 5% from 2024 to 2031. The major growth drivers for this market are increasing demand for durable, lightweight, non-corrosive components, continuous demand in Chinese and Indian markets.
Silica (SiO₂), alumina (Al₂O₃), calcium oxide (CaO), boron oxide (B₂O₃), and magnesium oxide (MgO) are among the raw materials typically used in glass fiber textiles. These substances are molten and then extruded through fine nozzles to form continuous glass filaments. The latter can be woven or knitted into textile forms, thereby demonstrating tensile strength, flexibility, as well as resistance to changes in temperature.
Glass fiber textiles are generally cheaper than carbon fibers but more expensive than conventional materials such as cotton or polyester. Glass fiber textiles have optimum cost-effectiveness, considering their properties like endurance, hardiness, and even heat resistance that make them competitive in applications where performance is critical. Nevertheless, there may still be other less effective yet inexpensive alternatives that can be preferred in some price-sensitive markets.
• Lucintel forecasts that wind energy application will remain the largest application. Aerospace & defense is expected to witness the highest growth over the forecast period.
• Woven yarn will remain the largest segment by value over the forecasted period due to growth in electrical and electronic industry. Non-Crimp is expected to witness highest growth over the forecast period.
• APAC is expected to remain the largest region by value and volume due to growth in applications, such as electrical & electronics and wind energy and also it is expected to witness the highest growth over the forecast period.
Country wise Outlook for the Glass Fiber Textile Market
The glass fiber textile market is witnessing substantial growth globally, driven by increased demand from various industries such as transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, and consumer goods. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major glass fiber textile producers in key regions/countries: the USA, Germany, China, India, and Brazil.
Emerging Trends in the Glass Fiber Textile
The glass fiber textile market is experiencing significant growth driven by advancements in technology, increasing demand for lightweight and durable materials, and a shift towards sustainable practices. As industries such as automotive, aerospace, and construction seek innovative solutions, the application of glass fiber textiles is expanding. This evolution is characterized by several emerging trends that are reshaping the market landscape. Understanding these trends is crucial for stakeholders aiming to capitalize on new opportunities and navigate the challenges posed by changing consumer preferences and regulatory environments.
• Increased Demand for Lightweight Materials: The automotive and aerospace industries are increasingly adopting glass fiber textiles due to their lightweight properties, which enhance fuel efficiency and performance. This trend is driven by stringent regulations aimed at reducing emissions and improving energy efficiency, prompting manufacturers to seek materials that contribute to these goals.
• Advancements in Manufacturing Technologies: Innovations in manufacturing processes, such as automated fiber placement and 3D weaving, are enhancing the production efficiency and quality of glass fiber textiles. These technologies allow for more complex designs and improved material properties, enabling manufacturers to meet the growing demand for high-performance textiles in various applications.
• Growth in Renewable Energy Applications: The renewable energy sector, particularly wind energy, is increasingly utilizing glass fiber textiles for turbine blades and other components. The lightweight and strong characteristics of glass fiber make it ideal for enhancing the efficiency and durability of renewable energy systems, contributing to the global shift towards sustainable energy solutions.
• Focus on Sustainability and Eco-Friendly Practices: There is a rising emphasis on sustainability within the glass fiber textile market, with manufacturers exploring eco-friendly materials and production methods. This trend is driven by consumer demand for environmentally responsible products and regulatory pressures, leading to innovations in recycling and the use of bio-based resins in glass fiber composites.
• Expansion into Emerging Markets: The glass fiber textile market is witnessing growth in emerging economies, where industrialization and infrastructure development are on the rise. Countries in Asia-Pacific and Latin America are increasingly adopting glass fiber textiles in construction, automotive, and consumer goods, creating new opportunities for manufacturers and suppliers in these regions.
These emerging trends are significantly reshaping the glass fiber textile market by driving innovation, enhancing sustainability, and expanding applications across various industries. Stakeholders must adapt to these changes to remain competitive and meet the evolving demands of consumers and regulatory bodies.
Recent Developments in the Glass Fiber Textile Market
The glass fiber textile market has experienced significant advancements in recent years, driven by increasing demand across various industries such as automotive, aerospace, construction, and marine. Innovations in manufacturing processes, sustainability initiatives, and the development of high-performance materials have reshaped the landscape of this market. As industries seek lightweight, durable, and cost-effective solutions, the glass fiber textile market is poised for growth. This overview highlights five key developments that are influencing the market dynamics and shaping future trends.
• Increased Demand for Lightweight Materials: The automotive and aerospace sectors are increasingly adopting glass fiber textiles due to their lightweight properties, which enhance fuel efficiency and reduce emissions. This shift is driving manufacturers to innovate and expand their product offerings.
• Advancements in Manufacturing Techniques: Recent improvements in manufacturing processes, such as automated weaving and advanced resin systems, have led to higher quality glass fiber textiles. These advancements not only improve performance but also reduce production costs, making glass fiber more competitive against alternative materials.
• Focus on Sustainability: The glass fiber textile market is witnessing a growing emphasis on sustainable practices, including the use of recycled glass fibers and eco-friendly resins. This trend is attracting environmentally conscious consumers and companies, thereby expanding market opportunities and enhancing brand reputation.
• Expansion in Emerging Markets: Emerging economies, particularly in Asia-Pacific, are experiencing rapid industrialization and infrastructure development, leading to increased demand for glass fiber textiles. This expansion is prompting global manufacturers to invest in local production facilities to cater to these growing markets.
• Innovations in Product Applications: The versatility of glass fiber textiles is being explored in new applications, such as smart textiles and composites for wind energy. These innovations are opening up new revenue streams and enhancing the overall market potential for glass fiber textiles.
These developments are significantly impacting the glass fiber textile market by driving innovation, enhancing sustainability, and expanding applications. As industries continue to prioritize lightweight and durable materials, the market is expected to grow, presenting new opportunities for manufacturers and stakeholders.
Strategic Growth Opportunities for Glass Fiber Textile Market
The glass fiber textile market is experiencing significant growth driven by its diverse applications across various industries, including automotive, aerospace, construction, and marine. As demand for lightweight, durable, and corrosion-resistant materials increases, manufacturers are exploring innovative solutions to enhance performance and sustainability. This market is poised for expansion as technological advancements and environmental considerations shape product development. Here are five key growth opportunities across different applications that are set to redefine the landscape of the glass fiber textile market.
• Automotive: The automotive industry is increasingly adopting glass fiber textiles for lightweight components, which enhance fuel efficiency and reduce emissions. This shift towards sustainable materials is driving innovation in composite manufacturing, leading to stronger and lighter vehicles.
• Aerospace: In aerospace applications, glass fiber textiles are being utilized for their high strength-to-weight ratio, contributing to improved fuel efficiency and performance. The growing demand for advanced composites in aircraft manufacturing presents a significant opportunity for market expansion.
• Construction: The construction sector is leveraging glass fiber textiles for reinforcement in concrete and other materials, enhancing structural integrity and durability. This application is particularly beneficial in seismic zones, where increased resilience is crucial, thus driving demand for innovative building solutions.
• Marine: The marine industry is adopting glass fiber textiles for boat hulls and other components due to their resistance to corrosion and lightweight properties. This trend is fostering growth as manufacturers seek to improve performance and longevity in marine applications.
• Wind Energy: The wind energy sector is increasingly using glass fiber textiles in turbine blades, where their lightweight and strong characteristics are essential for efficiency. As the demand for renewable energy sources grows, this application is becoming a critical area for market development.
The glass fiber textile market is witnessing transformative growth opportunities across key applications. The automotive, aerospace, construction, marine, and wind energy sectors are driving demand for innovative and sustainable materials, positioning glass fiber textiles as a vital component in the future of various industries.
Glass Fiber Textile Market Drivers and Challenges
The glass fiber textile market is influenced by a variety of technological, economic, and regulatory factors that drive its growth and present challenges. As industries increasingly seek lightweight, durable materials, the demand for glass fiber textiles has surged. However, the market also faces hurdles such as fluctuating raw material prices and stringent regulations. Understanding these drivers and challenges is crucial for stakeholders aiming to navigate this dynamic landscape effectively.
The key drivers for this market include:
• Technological Advancements: Continuous innovations in manufacturing processes enhance the quality and performance of glass fiber textiles, making them more appealing for various applications.
• Growing Demand in Automotive Sector: The automotive industry's shift towards lightweight materials for fuel efficiency is driving the adoption of glass fiber textiles, which offer strength without adding significant weight.
• Expansion in Construction Industry: The increasing use of glass fiber textiles in construction for insulation and reinforcement is propelling market growth, as these materials provide durability and energy efficiency.
• Rising Awareness of Sustainability: The push for sustainable materials is leading to increased interest in glass fiber textiles, which can be recycled and have a lower environmental impact compared to traditional materials.
• Increased Investment in R&D: Significant investments in research and development are fostering innovation in glass fiber textiles, leading to new applications and improved product offerings.
The challenges facing this market include:
• Fluctuating Raw Material Prices: The volatility in the prices of raw materials used in glass fiber production can impact profit margins and pricing strategies for manufacturers.
• Stringent Regulatory Standards: Compliance with environmental and safety regulations can pose challenges for manufacturers, requiring them to invest in processes that meet these standards.
• Competition from Alternative Materials: The emergence of alternative materials, such as carbon fiber and natural fibers, presents a competitive challenge, as these materials may offer similar or superior properties for certain applications.
The glass fiber textile market is shaped by significant drivers such as technological advancements and growing demand in key sectors, which foster growth and innovation. However, challenges like fluctuating raw material prices and regulatory pressures can hinder progress. Stakeholders must strategically navigate these dynamics to capitalize on opportunities while mitigating risks, ensuring sustainable growth in this evolving market.
List of Glass Fiber Textile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies global glass fiber textile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the global glass fiber textile companies profiled in this report includes.
• SAERTEX Group
• Owens Corning (Praana Group)
• Jushi Group Co. Ltd
• Xinyang Technology Group
• Tianhe Resin Company Ltd
These companies have established themselves as leaders in the global glass fiber textile industry with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the global glass fiber textile market are evolving, with the entry of new players and the emergence of innovative technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Glass Fiber Textile Market by Segment
In the global market for glass fiber textiles, transportation, wind power, maritime, aerospace, and defense are among the major growing applications. For transportation purposes these fabrics are made lighter but stronger to make them fuel saving and safety enhancing components. This is how wind energy sector benefits from their strength and resistance in turbine blades. Marine makes use of such textiles because they improve the durability of boat hulls as well as resisting corrosion. The aerospace and defense sectors employ glass fiber textiles for high performance components and protective gear. In each case, glass fiber textiles have distinct properties that can be used to meet specific performance or durability requirements leading to growth in these industries.
This glass fiber textile market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, includes application and product form. The report offers insights into regional dynamics, highlighting the major markets for global glass fiber textile market and their growth potentials. The study includes trends and forecast for the composites in global glass fiber textile market by application, product form, and region as follows:
By Application [Value ($M) and (M lbs.) Analysis for 2019 – 2031]:
• Transportation
• Marine
• Wind Energy
• Aerospace & Defense
• Pipe and Tank
• Construction
• Electrical and Electronics
• Consumer Goods
• Others
By Product Form [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Woven Roving
• Non-Crimp
• Woven Yarn
• CFM/CSM
By Region [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Features of Glass Fiber Glass Textiles Market
• Market Size Estimates: Glass fiber textiles market size estimation in terms of value ($M) and Volume (M lbs.)
• Trend and Forecast Analysis: Market trends (2019-2024) and forecast (2025-2031) by various segments and regions.
• Segmentation Analysis: Market size by application, product type, and region.
• Regional Analysis: Glass fiber textiles market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different applications, product forms and regions for the glass fiber textiles market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the glass fiber textiles market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in composites in the global glass fiber textile market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the global glass fiber textile market size?
Answer: The global glass fiber textile market is expected to reach an estimated $9 billion by 2031.
Q2. What is the growth forecast for global glass fiber textile market?
Answer: The global glass fiber textile market is expected to grow at a CAGR of 5% from 2024 to 2031.
Q3. What are the major drivers influencing the growth of the global glass fiber textile market?
Answer: The major drivers for this market are increasing demand for durable, lightweight, non-corrosive components, continuous demand in Chinese and Indian markets.
Q4. What are the major applications for global glass fiber textile market?
Answer: Electrical and Electronics and wind energy are the major applications for global glass fiber textile market.
Q5. What are the emerging trends in global glass fiber textile market?
Answer: Emerging trends, which have a direct impact on the dynamics of the glass fiber textile industry, includes increased demand for lightweight materials, advancements in manufacturing technologies, growth in renewable energy applications, focus on sustainability and eco-friendly practices, and expansion into emerging markets.
Q6. Who are the key global glass fiber textile companies?
Answer: Some of the key global glass fiber textile companies are as follows:
• SAERTEX Group
• Owens Corning (Praana Group)
• Jushi Group Co. Ltd
• Xinyang Technology Group
• Tianhe Resin Company Ltd
Q7. Which global glass fiber textile product segment will be the largest in future?
Answer: Lucintel forecasts that woven yarn global glass fiber textile will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties
Q8. In global glass fiber textile market, which region is expected to be the largest in next 7 years?
Answer: Asia Pacific is expected to remain the largest region and North America witness the highest growth over next 7 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global glass fiber textile market by application(transportation, marine, wind energy, aerospace and defense, pipe and tank, construction, electrical and electronics, consumer goods and others), product form (woven roving, non crimp, woven yarn, CFM/CSM), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?