What is Global Glass Fiber Nonwoven Market?
The Global Glass Fiber Nonwoven Market is a vast and dynamic sector that has been gaining significant traction in recent years. This market revolves around the production and distribution of nonwoven glass fiber products, which are essentially fabrics made from long and short glass fibers that are bonded together using heat, chemical, or mechanical means. These products are known for their high strength, flexibility, and resistance to heat and chemicals, making them ideal for a wide range of applications in various industries. The market's value stood at a substantial US$ 1279 million in 2022, and it is projected to grow to US$ 1643.1 million by 2029. This indicates a promising Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2029. However, it's worth noting that the market is somewhat concentrated, with the top three global manufacturers accounting for over 47% of the total market share.
Dry-Laid Process, Wet-Laid Process in the Global Glass Fiber Nonwoven Market:
In the Global Glass Fiber Nonwoven Market, there are two primary production processes: the Dry-Laid Process and the Wet-Laid Process. The Dry-Laid Process involves the use of air to form a web of fibers, which is then bonded together to create the nonwoven fabric. This process is known for its speed and efficiency, but the resulting product may not be as strong or durable as those produced using other methods. On the other hand, the Wet-Laid Process involves the use of water to form the fiber web. This process is slower and more resource-intensive than the Dry-Laid Process, but it produces nonwoven fabrics that are stronger, more durable, and more uniform in structure. Interestingly, the Wet-Laid Process is the dominant production method in the market, accounting for over 97% of the total product output.
Roof Material, Industrial Filtration, Plasterboard, Electronics & Automobiles, Floor Covering, Others in the Global Glass Fiber Nonwoven Market:
The Global Glass Fiber Nonwoven Market caters to a wide range of applications across various sectors. In the roofing industry, these products are used as reinforcement materials in roofing sheets and shingles, providing them with enhanced strength and durability. In the field of industrial filtration, nonwoven glass fiber materials are used in the production of high-efficiency filters due to their excellent filtration properties. In the plasterboard industry, these products are used as a facing material, providing the plasterboard with improved fire resistance and dimensional stability. In the electronics and automobiles sectors, nonwoven glass fiber materials are used in the production of various components due to their high strength-to-weight ratio and excellent electrical insulation properties. In the flooring industry, these products are used as a backing material in carpet tiles and vinyl flooring, providing them with enhanced durability and comfort. Other applications of nonwoven glass fiber products include their use in geotextiles, medical products, and packaging materials, among others.
Global Glass Fiber Nonwoven Market Outlook:
To rephrase the market outlook for the Global Glass Fiber Nonwoven Market, it's worth noting that this market was valued at a substantial US$ 1279 million in 2022. Looking ahead, it's projected to grow to US$ 1643.1 million by 2029, indicating a promising Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2029. However, the market is somewhat concentrated, with the top three global manufacturers holding over 47% of the total market share. In terms of product output, the Wet-Laid Process is the dominant production method in the market, accounting for over 97% of the total product output.
| Report Metric | Details |
| Report Name | Glass Fiber Nonwoven Market |
| Accounted market size in 2023 | US$ 1329 million |
| Forecasted market size in 2029 | US$ 1643.1 million |
| CAGR | 3.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Johns Manville, Owens Corning, Ahlstrom-Munksjö, Hollingsworth & Vose, NSG, Hokuetsu Corporation, Jiangsu Changhai Composite, Lydall, Chongqing Zaisheng Technology, Saint-Gobain, Sinoma Jinjing Fiberglass, Shaanxi HuaTek Fiberglass Material |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
