Global Fiberglass Coated Fabric supply-demand continues to be impacted by broader developments in the chemicals sector. The new Fiberglass Coated Fabric market research report outlines the key factors that will impact production, supply, and demand during the assessment period.
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Fiberglass coated fabric market dynamics has the main driver on the increased use of fiberglass fabric in the automotive industry. Fiberglass coated fabric consists of a strength-to-weight ratio which plays a very crucial role in the automotive industry. Fiberglass coated fabric can be used as an alternative for the aluminum and steel in the automotive industry for the manufacturing of lightweight vehicles.
How will Fiberglass Coated Fabric sales grow in 2024 and beyond?
The Fiberglass Coated Fabric industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Fiberglass Coated Fabric will be heavily influenced by broader developments in the chemicals sector. The chemical activity barometer has shown a stable streak, which is indicative of an ascendancy in us chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.
Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.
Growth of chemicals sector in Asia pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.
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The chemical sector in japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Segmentation Analysis of Fiberglass coated Fabric:
The global Fiberglass coated fabric market is bifurcated into five major segments: Product Type, Glass type, resin type, application and region
The fiberglass coated fabric is segmented into Product Type as
- Glass Wool
- Direct and Assembled Roving
- Yarn
- Chopped Strand
- Others (Milled Fibers, Multiaxial Fabrics)
Based on Glass Type, the fiberglass coated fabric market is segmented as follows:
- AR-Glass
- H-Glass
- E-Glass
- ECR-Glass
- S-Glass
- Others (A-Glass, C-Glass, D-Glass, T-Glass)
Based on Resin Type, the fiberglass coated fabric market is segmented as follows:
- Thermoplastic Resins
- Thermoset Resins
Based on Application, the fiberglass coated fabric market is segmented as follows:
- Insulation
- Non-residential Construction
- Industrial
- Residential Construction
- Others (HVAC and OEM Insulations)
Based on Region, the fiberglass coated fabric market is segmented as follows:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Fiberglass Coated Fabric companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Fiberglass Coated Fabric market include
- Nippon Electric Glass Co., Ltd. (Japan),
- Taishan Fiberglass Inc. (CTG) (China),
- China Jushi Co., Ltd. (China),
- Owens Corning (US),
- Chongqing Polycomp International Corp. (CPIC) (China), and
Key Regions Analysed
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
Key Country-Wise Inclusions
- US Fiberglass Coated Fabric Market
- Canada Fiberglass Coated Fabric Sales
- Germany Fiberglass Coated Fabric Production
- UK Fiberglass Coated Fabric Industry
- France Fiberglass Coated Fabric Market
- Spain Fiberglass Coated Fabric Supply-Demand
- Italy Fiberglass Coated Fabric Outlook
- Russia & Cis Market Analysis
- China Fiberglass Coated Fabric Market Intelligence
- India Fiberglass Coated Fabric Demand Assessment
- Japan Fiberglass Coated Fabric Supply Assessment
- ASEAN Fiberglass Coated Fabric Market Scenario
- Brazil Fiberglass Coated Fabric Sales Analysis
- Mexico Fiberglass Coated Fabric Sales Intelligence
- GCC Fiberglass Coated Fabric Market Assessment
- South Africa Fiberglass Coated Fabric Market Outlook
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