Glass Nonwovens Wet-Laid Market Size, Share, Growth, and Industry Analysis, By Type (25 g/m2, 40 g/m2, 90 g/m2, and Others), By Application (Plastic Flooring, Wall Covering Materials, and Others) and Regional Forecast to 2032

Updated On: 04 November 2024

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GLASS NONWOVENS WET-LAID MARKET REPORT OVERVIEW

The Glass Nonwovens Wet-Laid Market Size is Projected to be worth US$ 1162.28 Million in 2023, Market is likely to Surpass US$ 1614.54 Million by 2032 at a CAGR of 3.34% During the Forecast period [2024-2032].

It provide the user with a lot of features that make this particular product service work efficiently and effectively. Glass, ceramic, and carbon fibers can also be treated in addition to synthetic fibers. The creation of very homogeneous webs with precise weight and thickness measurements, well-defined pore sizes, and high porosity is made possible by the wetlaid method. This factor has augmented the Glass Nonwovens Wet-Laid Market growth.

The anticipated rate of growth for this particular product service is due to quality level of assurance. Prosperity has been observed for this particular product market with amusing numbers. The strength and extension of the non-woven fabric are significant. Glass fiber, sometimes referred to as glass fiber, is a material consisting of several extremely tiny glass fibers. Although glassmakers have historically experimented with glass fibers, it wasn't possible to produce substantial quantities of glass fiber until the introduction of finer machine tools. This has ultimately outraged the sales and demand for this particular market growth and prosperity.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. To seize opportunities and recover from the post-COVID-19 harm, market vendors should focus more on the growth prospects in the fast-growing categories while holding onto their positions in the slow-growing segments. The non-woven glass fiber prepreg market prediction analysis offers comprehensive information on the main vendor profiles. As a result, the market slowed down. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of injuries related to services industry. Therefore, a small influence from COVID-19 is anticipated on the Glass Nonwovens Wet-Laid Market share.

LATEST TRENDS

"Shadow-Sensing to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth.Due to the strong adoption of non-woven glass fiber prepregs in the automotive industry, the global market for glass fiber nonwovens is expected to grow. Non-woven glass fiber prepregs are strong composite materials with good mechanical qualities; their use has increased recently due to the growing demand for lightweight cars. A few of their characteristics include stiffness and strength, exceptional heat and corrosion resistance, electrical and chemical properties, and significant weight savings over metal. A lot of changes and advancements were made to this particular product which also helped its growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

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GLASS NONWOVENS WET-LAID MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into 25 g/m2, 40 g/m2, 90 g/m2, and Others amongst which the leading segment is the 25 g/m2.

• 25 g/m2: It is nothing but a type of chemical with the 25 g/m2.

• 40 g/m2: It is basically a type that of chemical with the 25 g/m2.

• 90 g/m2: It is nothing but a type of chemical with the starch 90 g/m2.

By Application

Based on application the global market can be categorized into Plastic Flooring, Wall Covering Materials, and Others amongst which the leading segment is the Plastic Flooring.

• Plastic Flooring: It is just an application where it is used by Plastic Flooring.

• Wall Covering Materials: It is nothing but an application where it is used by Wall Covering Materials.

DRIVING FACTORS

"End-User Applications to Boost the Market"

This is the major factor attributing the growth of this particular market. The research and development activities have been augmented due to which the demand for this particular prodcut has been proportionally increased which has resulted in the proliferation of the revenue and share numbers as well. Increasing demand from end-user industries is one of the primary drivers driving the worldwide glass fiber nonwoven industry's growth. Non-woven glass fiber prepreg is widely used in the end-user industries of wind energy generation, aerospace and military, automotive, electronics, and other industries. It's becoming more and more popular in automotive applications because of its exceptional rigidity, high strength, and light weight. These factors are anticipated to drive the market growth during the forecast period.

"Efficient Mechanical Properties  to Expand the Market"

This is the second major factor attributing the growth of this particular market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. There will be a significant increase in the non-woven glass fiber prepreg market share in the wind industry throughout the projected timeframe. Large wind turbine blades are increasingly using non-woven glass fiber prepreg because of its outstanding mechanical and physical properties. These fibers have a robust, rigid, light weight, and excellent chemical resistance. They are utilized to make the rotor blades for wind turbines, which are very weather resistant and low maintenance. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost and to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. It has been witnessed that this particular market has experienced immense trouble in the supply chains which has resulted in the restrain for this market growth. The availability of substitutes is the primary barrier preventing the global glass fiber nonwoven sector from growing. Natural fibers, basalt fiber, carbon fiber, and other substitutes are competitors in the global non-woven glass fiber prepreg market. These replacements find employment in end-user applications such as wind turbines, automobiles, consumer products, and industrial goods, in addition to consumer and industrial goods. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market.

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GLASS NONWOVENS WET-LAID MARKET REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Dominating the Market due to Advanced Technology"

Asia Pacific is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period. Asia Pacific will be the source of market growth throughout the forecast period. In Asia Pacific, China and Japan hold a dominant market share in the glass fiber nonwovens industry. There will be a faster expansion of this region's market than other regions. As end-user industries' demand for non-woven glass fiber prepreg increases over the forecast period, the market for this product will grow in Asia Pacific.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF MARKET PLAYERS PROFILED

• Jiangsu Changhai Composite (China)
• Shaanxi HuaTek Fiberglass Material (China)
• Johns Manville (U.S.)
• NEG (China)
• Owens Corning (U.S.)

INDUSTRIAL DEVELOPMENT

June 2020: This particular company has attributed the market growth in terms of revenue and shares system. A new fine-fiber melt-blown production line was invested in by Lydall in response to the growing demand for face masks around the world. This manufacturing line will enable Lydall to produce high-quality fine-fiber melt-blown filtering media for N95, surgical, and medical face masks, significantly increasing their supply and assisting in the resolution of melt-blown material shortages in the US and around the world. This development has proved that the company will continue to proliferate this particular product market growth.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.