Fiberglass Market Outlook 2030 –
Fiberglass is a composite material that is used in the aircraft sector due to its light weight and environmental friendliness. Glass fiber reinforced plastics are used to construct it. Fiberglass is a fiber reinforced polymer comprised of polymers and reinforced with glass fibers stranded in a continuous pattern. The plastic can be either a thermoset (epoxy, polyester, or vinyl ester) or a thermoplastic (epoxy, polyester, or vinyl ester). Depending on the end-use, glass fibers are manufactured from a variety of glass types. Glass fibers contain silica or silicate, as well as calcium, magnesium, and boron oxides. Fiberglass is a robust and lightweight material. It is not as strong as carbon fiber, but it is more resistant to corrosion than many metals. Its basic materials are less expensive than those used in carbon fiber composites.
COVID-19 Impact Analysis
The pandemic is estimated to have huge impact on the end-use industries of fiberglass which is expected to reflect during the forecast period, especially . The global aerospace industry has witnessed adverse and immediate consequences of COVID-19. The airline sector has faced the worst consequences due to lockdowns across international and domestic borders. This has resulted in reduced air passenger traffic and delayed the demand for new aircraft drastically. This is expected to temporarily impact the demand for fiberglass globally. The impact of COVID-19 on the construction industry is projected to vary in different regions across the world. The IMF has predicted that there will be heavy layoffs in the construction sector and other industries.
Top Impacting factors
- Increased use of fiberglass composites in the aerospace industry, high acquisition and operation cost of autoclave systems, and rise in usage of fiberglass composites in the automotive industry are the major factors drives the growth of fiberglass for aerospace market.
- Issues in the glass wool recycling, capital-intensive production and complex manufacturing process of fiberglass are the major restraint that hindered the growth of the fiberglass for aerospace market.
- High production of fiberglass fabric, increasing number of wind energy capacity installations, and demand for aircraft weight reduction and fuel efficiency are the major factors offering an opportunity for the growth of fiberglass for aerospace market.
Increased use of fiberglass composites in the aerospace industry
A composite material is made up of relatively strong, stiff fibers that are encased in a tough resin matrix. Natural composite materials such as wood and bone are made up of cellulose fibers in a lignin matrix and hydroxyapatite particles in a collagen matrix. Carbon- and glass-fiber-reinforced plastic (CFRP and GFRP, respectively) are more well-known man-made composite materials used in the aerospace and other industries. They are made up of stiff and strong (for their density) but brittle carbon and glass fibers in a polymer matrix that is tough but not particularly stiff or strong. By combining materials with complementary properties in this way, a composite material with most or all of the benefits (high strength, stiffness, toughness and low density) is obtained with few or none of the weaknesses of the individual component. For instance, the Akaflieg Stuttgart FS-24 was designed and produced in West Germany and was made with the extensive use of fiberglass. Unlike modern aircraft which are made entirely out of foam and fiberglass with epoxy resin, the FS-24 used a composite of balsa wood and glass fiber in a sandwich process.
Demand for aircraft weight reduction and fuel efficiency
The deployment of composite materials in the aviation sector for enhanced safety and fuel economy is predicted to boost the Aerospace Fillers Composite Market size to a healthy level during the forecast period. The use of composite materials in aircraft interior and exterior structures is encouraged by their high strength-to-weight ratio and performance. Surface technology advancements for generating durable and smooth surfaces on composite, and fiberglass substrates will create a bright future for the aerospace filler composite sector. When compared to traditional materials like aluminum and magnesium, the substance allows airplanes to lose 30 percent of their weight. For instance, Airbus installed wingtip fences on its planes since the A310-300, and Sharklet blended-winglets for the A320 were launched in Dubai air show. Their installation adds 200 kilograms (440 lb) but offers a 3.5% fuel burn reduction on flights over 2,800 km (1,500 nmi).
Key Benefits of the Report
- This study presents the analytical depiction of the fiberglass for aerospace market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the fiberglass for aerospace market.
- The current market is quantitatively analyzed to highlight the market growth scenario of fiberglass for aerospace market.
- The report provides a detailed fiberglass for aerospace market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the fiberglass for aerospace market research report:
- Who are the leading players in the global fiberglass for aerospace market?
- What are the critical challenges faced by manufacturers in the fiberglass for aerospace market?
- What are the market trends, driving factor and opportunities involved in this market?
- What are the key segments covered in this fiberglass for aerospace market?
- What are the future projections of fiberglass for aerospace market that would help in taking further strategic steps?
Fiberglass for Aerospace Market Report Highlights
| Aspects | Details |
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 By Resin type |
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 By Product |
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 By Region |
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 Key Market Players | Taiwan Glass Ind. Corp., PFG Fiber Glass (Kunshan) Co., Ltd., Binani 3B-the Fibreglass Company, Nippon Electric Glass Co., Ltd., Taishan Fiberglass Inc. (CTG), Owens Corning, Asahi Fiberglass Co., Ltd, China Jushi Co., Ltd., Johns Manville Corp., Chongqing Polycomp International Corp. (CPIC) |
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