Fiberglass Fabric Market Trends

Growth Drivers

• Rising applications in automotive industry - The market growth is because of its great tensile strength, temperature resistance, and dimensional stability, fiberglass is frequently used in front and rear bumpers, hoods, doors, casings, timing belts, and V-belts. In addition, woven fiberglass fabrics are also used to reinforce automotive components like brake pads and clutch discs in order to preserve the integrity of the composite material in an abrasive and heated environment. Because of this, the need for additional fiberglass fabric to produce different automotive parts will increase with automation, propelling the fiberglass fabric market throughout the foreseen period.
• Growing usage in the aerospace sector - The aerospace industry is the main user of fiberglass fabric for A-, C-, E-, and S-glass, among other types, for a variety of applications involving aircraft insulation, flooring, seating, closets, air ducts, and other interior aircraft components.
  
  The aircraft sector is seeing a surge in the use of fiberglass cloth led by its exceptional fire protection qualities, low weight, high tensile strength, and stiffness. For instance, the Federal Aviation Administration (FAA) estimates that the expansion of air freight activities will result in a total production of commercial aircraft fleet up to 8,270 by the end of 2037. The article goes on to say that the US mainline carrier fleet is expected to grow by 54 aircraft year.
• Rising electrical and electronics industry - The fiberglass fabric market's growth is the increased need for high-performance materials across the globe for the manufacture of electronics and luxury items. The growing need for fiberglass for thermal insulation applications, especially in power plants, will lead to an expansion of the fiberglass fabrics sector.
  
  Additionally, the global demand for fiberglass fabrics will rise as a result of government initiatives to support renewable energy and new and future power projects. Furthermore, the fiberglass fabrics market expansion will be aided by the growing need for printed circuit boards worldwide.

Challenges

• Fluctuations in the wind energy industry - Wind farm power fluctuations may have an effect on interconnected-grid stability and operational costs, upsetting the second-to-second balance between the total supply and demand of electricity. Wind turbine blades are typically made of fiberglass, and changes in the wind energy sector directly affect the demand for these blades. This could also have an impact on the cost of fiberglass fibers, which could have an impact on the manufacturers' profitability.
• Changes in the price of raw materials, such silica sand, can cause disruptions in the supply chain.
• Environmental issues related to fiberglass fiber production