Grand View Research recently published a report entitled "By Application (Building, Electrical and Electronic, Wind Energy, Aerospace), Product Category (E-Glass, S-Glass), Fabric Type (Nonwovens, Fabrics) and A report on the forecast of the market size of glass fiber fabric market segmented by market segment ", the report states that during the forecast period, the global glass fiber fabric market size is expected to reach $ 14.93 billion by 2025.
Glass fiber wind turbine blades are manufactured by impregnating E-glass fiber and S-glass fiber seam knitted fabric with vinyl ester, polyester or epoxy resin matrix. These composite materials provide high strength and cost savings for the production of lightweight and high-speed blades for large wind turbines.
These composite products have excellent properties such as high electrical insulation, tensile strength, corrosion resistance, and chemical resistance. Increasing research and development efforts to improve composite product performance, weaving, thermal cleaning and surface treatment to provide different fabric structures suitable for industry-specific applications, all of which are beneficial to the development of the glass fiber fabric market.
Glass fiber production technology and unique post-processing systems have a huge impact on the quality of the glass fiber fabrics produced. The innovation and development of new technologies to enable high-tech aerospace, defense, and electronics applications to achieve superior product quality have a huge impact on the competition in the fiberglass fabric market.
Key findings:
· Because E-glass has excellent physical and mechanical properties, such as high strength and rigidity, as well as high temperature resistance, flame retardancy and heat resistance, the E-glass market accounted for more than 80.0% of the 2017 revenue share;
· Non-woven glass fiber cloth has advantages over fabrics, such as increasing impact resistance, heat insulation and water resistance, and is expected to grow at a CAGR of 6.3% from 2017 to 2025;
Due to the increasing demand of the construction industry for masking cracks and improving the integrity of walls and ceilings, the application of glass fiber fabrics in the construction industry accounted for 25.8% of the 2017 revenue share;
· Glass fiber fabrics have electrical insulation and light weight characteristics. It is expected that the compound annual growth rate of glass fiber fabrics in wind power applications will be 7.3%, which will help improve the efficiency of wind turbines and their energy output;
As the demand for fiberglass fabric products in automotive, aerospace and defense, electrical and electronic applications continues to grow, the fiberglass fabric market in Central and South America is expected to grow by 7.3%.