According to the recent study the glass fiber textile market is projected to reach an estimated $9.0 million by 2031 from $6.3 billion in 2024, at a CAGR of 6.0% from 2024 to 2031. Growth in this market is primarily driven by increasing demand for durable, lightweight, non-corrosive components, continuous demand in Chinese and Indian markets.
Browse 85 figures / charts and 58 tables in this 176 -page report to understand trends, opportunities and forecast in glass fiber textile market by application (transportation, marine, wind energy, aerospace & 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 the Rest of the World).
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.
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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.
SAERTEX Group, Owens Corning, Jushi Group Co. Ltd, Xinyang Technology Group, Tianhe Resin Company Ltd are the major suppliers in the glass fiber textile market.
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