Fiberglass cloth, also known as fiberglass fabric, is a widely used material in various industries due to its excellent properties such as high strength, good insulation, and corrosion resistance. The latest industry news reveals several significant trends and developments.
New Patent for Impregnation Method
In late November 2024, Shanghai Guankang Technology Co., Ltd. applied for a patent titled “A Double-Sided Impregnation Method for Fiberglass Cloth” . The method involves using a receiving and releasing mechanism to transfer the fiberglass cloth from the unwinding position to the winding position. During the transfer, the glue is applied to one side of the fiberglass cloth by means of glue dripping and scraping, and then at the winding position, the other side of the fiberglass cloth is impregnated by the winding operation to complete the double-sided impregnation of the fiberglass cloth. Compared with the existing one-time impregnation method in a glue tank, this new method can make the glue liquid slowly diffuse and gradually expel the air between the warp and weft of the fiberglass cloth, ensuring that the glue liquid can completely penetrate the entire fiberglass cloth. This innovation reduces the possibility of bubbles in the subsequent processing of the impregnated fiberglass cloth, thereby improving the production quality of fiberglass products.
Growth Forecast and Market Analysis
According to a research report by QYResearch in 2024, in 2023, the global high-strength fiberglass cloth market sales reached 2.5 billion yuan, and it is expected to reach 4.8 billion yuan by 2030, with a compound annual growth rate (CAGR) of 9.9% from 2024 to 2030. The Asia-Pacific region dominated the market with a majority market share and a revenue of USD 5.1 billion in 2023 and is anticipated to expand at a significant pace from 2024 – 2032.
Another report by Global Market Insights shows that the fiberglass fabric market was valued at around USD 14.4 billion in 2023 and is estimated to register a 6.3% CAGR between 2024 and 2032. The demand for fiberglass fabric is being driven by various industries, with notable support from government initiatives promoting renewable energy and infrastructure development. For example, in the wind energy sector, government-backed projects and policies aimed at reducing carbon emissions have significantly increased the demand for fiberglass fabric for wind turbine blades.
Expansion Projects in the Industry
On December 2, 2024, Taiwan Glass Fiber Co., Ltd. held a mobilization meeting for the commencement of its annual production of 300 million meters of electronic-grade fiberglass cloth project in Bengbu, Anhui Province. The project, with an estimated investment of 1.1 billion yuan, is an upgrade of the company’s existing facilities, increasing the kiln’s production scale from the current annual output of 35,000 tons to 60,000 tons for the production of electronic-grade fiberglass cloth. The main plant is scheduled to be completed in 2027, and after reaching full production, it is expected to achieve an annual output value of approximately 800 million yuan.
Market Trends and Technological Advancements
Advanced coatings and finishes are becoming increasingly prominent in the fiberglass cloth market, enhancing the durability, chemical resistance, and fire-retardant properties of the fabric. The growing demand in the wind energy sector is also driving the development of larger and more efficient fiberglass fabrics for wind turbine blades. In addition, in response to increased environmental awareness, eco-friendly solutions, including the use of recycled and sustainable materials, are becoming an integral part of the industry. Moreover, the integration of smart and functional textiles, offering features such as self-healing capabilities and embedded sensors, is emerging as a key trend, contributing to the market’s technological evolution.
In conclusion, the fiberglass cloth industry is experiencing continuous growth and innovation, driven by technological advancements, increasing market demand, and industry expansion projects. These developments not only provide opportunities for existing manufacturers to expand their production and improve product quality but also attract new entrants to explore the potential of this dynamic market.
